Buying Property in Mallorca as a Foreign Buyer: Residency Options and Alternatives to the Golden Visa
Updated: Nov 3
Mallorca continues to attract international buyers seeking a Mediterranean lifestyle, a second home or a long-term real estate investment in one of Europe’s most desirable destinations.
However, an important change has affected non-EU nationals considering a property purchase in Spain. Since April 2025, the country no longer grants new residence permits through real estate investment.
In this guide, we explain what has changed with the Spanish Golden Visa, which residency options may still be available and what international buyers should know before purchasing property in Mallorca.
What happened to Spain’s Golden Visa?
Spain’s Golden Visa was a residency programme designed for non-EU nationals making qualifying investments in the country.
One of its most well-known routes allowed investors to obtain residency by purchasing real estate worth at least €500,000, free of charges or encumbrances.
This route was discontinued for new applications on 3 April 2025, following the entry into force of Organic Law 1/2025.
As a result, purchasing a property in Mallorca — regardless of its value — no longer provides a route to Spanish residency in its own right.
Residence permits granted before the change, as well as certain applications submitted before the relevant deadline, may be subject to specific transitional provisions.
Can you buy property in Mallorca without Spanish residency?
Yes. Foreign nationals can purchase property in Spain without holding a Spanish residence permit.
Property ownership and the right to reside in Spain are two separate legal matters.
For an international buyer, the acquisition process will generally involve:
Obtaining a Spanish Foreigner Identification Number (NIE).
Providing the necessary funds and supporting documentation regarding their source.
Arranging banking facilities where appropriate.
Carrying out legal, land registry and planning checks on the property.
Understanding the taxes and costs associated with the purchase.
Owning a property does not automatically grant the right to remain in Spain beyond the periods permitted under the applicable immigration rules.
What residency options are available today?
Although the Golden Visa is no longer available to new applicants, other residence routes may be open to non-EU nationals.
The appropriate option depends on each applicant’s personal circumstances, professional situation and financial resources.
Non-Lucrative Residence Visa
This may be suitable for individuals wishing to live in Spain without undertaking employment or professional activities, provided they can demonstrate sufficient financial means.
This visa does not permit employment, including remote work.
International Teleworker Visa
Often referred to as the Digital Nomad Visa, this route may be appropriate for professionals working remotely for companies or clients primarily based outside Spain, provided they meet the relevant requirements.
Other Residence and Work Authorisations
Depending on the applicant’s circumstances, other routes may be available through employment, self-employment, business activity, highly qualified professional roles or family circumstances.
Important: Immigration requirements can change and vary according to nationality and individual circumstances. Anyone considering a residence application should seek advice from a qualified immigration professional.
Is Mallorca still an attractive property investment destination?
The end of the Golden Visa has not diminished Mallorca’s appeal as an international property destination.
The island continues to attract buyers drawn by its Mediterranean lifestyle, natural beauty and strong connections to major European cities.
Key attractions include:
An exceptional quality of life and Mediterranean surroundings.
Convenient air connections with numerous European destinations.
Demand for second homes and lifestyle properties.
A diverse property market, ranging from seafront apartments to country estates and contemporary villas.
The appeal of selected locations for year-round living.
Every buyer has different objectives. Some are looking for a holiday home, others are planning a future relocation, while many view property ownership as part of a broader long-term wealth strategy.
A carefully considered purchase should take into account the property itself, its location, the buyer’s objectives and the relevant legal and financial factors.
Buying property in Mallorca as an international buyer
Purchasing property in Mallorca can be a straightforward and rewarding experience when the process is handled with the right guidance and the appropriate checks are completed before signing.
As a real estate advisor in Mallorca, I assist international buyers in identifying properties that reflect their lifestyle, preferences and investment objectives.
From selecting the right area and finding the ideal property to coordinating the purchase process, my approach is built around personal service, transparency and a thorough understanding of the local market.
Whether you are searching for a Mediterranean retreat, a permanent home or a property to complement your investment portfolio, Mallorca offers a wide range of opportunities to explore.
Considering buying property in Mallorca?
I would be delighted to help you discover properties that match your requirements and guide you through the process of purchasing real estate on the island.
Disclaimer: This article is intended for general information purposes only and does not constitute legal, immigration or tax advice. Regulations may change. Please consult a qualified professional regarding your individual circumstances.
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