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Buying real estate in Mallorca is a dream for many: Mediterranean climate, exceptional quality of life, breathtaking landscapes... But between legal differences, administrative formalities and knowledge of the local market, working with a reliable agency like Dray & Partners is key to a smooth and secure purchase.
In this article, we guide you through the entire buying process and help you avoid the most common mistakes foreign buyers make.
Why buy real estate in Mallorca?
A remarkable quality of life all year round
Mallorca, the main island of the Balearics, offers an exceptional lifestyle:
- More than 300 days of sunshine per year
- Diverse natural landscapes: beaches, coves, and mountains
- A cosmopolitan yet authentic atmosphere
- Excellent gastronomy and vibrant cultural life
Whether you're looking for a second home, a full-time residence, or a rental investment, real estate in Mallorca offers the perfect mix of lifestyle and opportunity.
A dynamic and accessible property market
Mallorca’s real estate market is solid and appealing:
- High demand from international buyers (French, German, British…)
- Stable or increasing prices in popular areas
- Investment potential in renovated or high-rental-yield properties
- Well-developed infrastructure (hospitals, international schools, international airport)
Real estate in Mallorca: key steps for a smooth purchase
1. Define your property project
Before starting your search, you need to clarify:
- The type of property (apartment, townhouse, finca, modern villa...)
- Your total budget, including purchase costs (notary, taxes, agency fees...)
- The intended use: vacation home, rental investment, permanent residence
- Preferred locations: South (Calvià, Llucmajor), North (Pollença), Palma, or the island’s interior
At Dray & Partners, our advisors help you define a clear, tailored and realistic plan right from the start.
2. Finding the ideal property
This is where local expertise becomes essential:
- In-depth market knowledge and access to exclusive listings
- Careful selection based on your criteria
- Multilingual, personalized property tours
- Transparent insights into each property’s pros and cons
Dray & Partners also offers bespoke property search services, including off-market opportunities.
3. Negotiation and reservation contract
Once you find your ideal home:
- You submit a purchase offer
- If accepted, a “contrato de arras” (reservation agreement) is signed
- A 10% deposit is paid to secure the deal
- Legal support is crucial at this stage
Dray & Partners helps you negotiate fairly and ensures all terms are legally sound and safe.
4. Legal and technical verifications
Before finalizing the purchase, several checks must be made:
- Clear property title
- Urban planning compliance (especially in rural areas)
- No debts or encumbrances on the property
- Seller’s legal and tax status
We connect you with trusted notaries, lawyers, and technical experts, and monitor the process from start to finish.
5. Final signature and legal formalities
The final purchase takes place in front of a Spanish notary. You’ll need:
- A NIE (foreigner identification number)
- A Spanish bank account
- Home insurance
Dray & Partners will either handle or guide you through all these administrative steps, hassle-free.
Common pitfalls when buying real estate in Mallorca
Even in a stable market like Mallorca, buying without local support can be risky.
1. Buying without a NIE
This document is mandatory for any property purchase in Spain.
2. Underestimating additional costs
Notary fees, taxes (8–11%), agency commissions, legal and translation services…
3. Overlooking legal compliance
Some properties do not comply with urban planning regulations, particularly in the countryside.
4. Choosing the wrong location
From Palma to the northern coast, there are huge differences in price, lifestyle, and services.
5. Buying without local guidance
Cultural and legal differences make a local trusted partner absolutely essential.
Why choose Dray & Partners to buy real estate in Mallorca?
A multilingual and experienced team
Our team speaks French, Spanish, and English, making communication smooth, clear, and reassuring throughout your purchase journey.
Comprehensive and tailored support
We offer end-to-end assistance, including:
- Property pre-selection
- In-person or remote visits
- Contract and document review
- Coordination with notaries, banks, lawyers
- Translation and practical help when needed
Local presence and reliable support
Based in Mallorca, we know the local market players, legal and tax frameworks, and island-specific details.
Our mission: save you time, avoid mistakes, and secure your investment.
Buying real estate in Mallorca with Dray & Partners means buying with confidence
Buying real estate in Mallorca is an exciting project—but one that demands careful planning, reliable guidance, and local know-how.
With Dray & Partners, you gain a team that combines professionalism, local expertise, and human support, from first visit to notary signature.
Ready to buy a property in Mallorca?
Get in touch with our team today and benefit from personalized guidance every step of the way.
