Tips for first-time buyers: Buying property in Mallorca safely
For years, Mallorca has been one of the most popular destinations for property buyers – whether for personal use or as an investment. However, first-time buyers need to bear a few important points in mind.
First of all, legal preparation is crucial: a NIE number (Número de Identificación de Extranjero) is mandatory for every purchase transaction. In addition, it should be checked whether the property is properly registered in the land register and whether there are any encumbrances.
Financing must be clarified at an early stage. Non-residents can also finance real estate in Spain, usually with a loan-to-value ratio of up to 70%. A financing expert can help you choose the right bank.
Not every region of Mallorca is suitable for every buyer. While the southwest around Santa Ponsa and Andratx is in high demand, the east and north offer more affordable alternatives with potential. An experienced local real estate agent protects you from risks and ensures that there are no unpleasant surprises.
About the Author
Niklas Bender
Expert in real estate valuation & luxury real estate | Premium real estate agent
I have been observing the real estate market in Mallorca for over 20 years. As CEO of immobilien-bewertung-mallorca.com, I combine my operational brokerage experience with data-driven valuation processes.
My valuations follow a holistic consulting approach and combine classic valuation methods with AI, big data, and analysis tools. Regional characteristics and insider phenomena are taken into account, as are real estate experience and common sense. The result is a realistic, fact-based valuation that provides a reliable basis for deciding whether to buy or sell your property in Mallorca.
In addition, I work closely with an interdisciplinary team of experts—consisting of a renowned law firm specializing in Spanish real estate law and an experienced architect with proven expertise in Spain and the Balearic Islands—to incorporate legal, structural, and economic aspects into a holistic service at an early stage and on a sound basis.
