Valuable insights to help you begin your journey of buying property in Mallorca.

Mallorca, the largest island in the Balearics, has long captivated the hearts of visitors from around the world with its stunning beaches, rich history, and vibrant culture. As an American citizen considering purchasing property in Mallorca, you may be wondering about the intricacies of the process and the unique factors to consider to start your search. 

Mallorca offers a diverse range of properties, including luxury villas, apartments, townhouses, and countryside estates.  Foreign citizens, including Americans, can purchase property in Mallorca without restrictions. However, it’s essential to be well-informed about how a property purchase in Mallorca will work for you. 

Here we guide you through the starting points on creating the best brief for your Real Estate search.  

Your Local Expert.

To ensure a smooth buying experience, it’s wise to engage Real Estate Experts who are familiar with the local market and regulations which can vary by Municipality and type of property.

At Morgan and Morgan, we can help you navigate the journey of buying property. With our local knowledge and expertise, we take the time to get to know you and discuss local property trends, pricing dynamics, and popular areas to identify the type of property that suits your preferences and budget.

Thinking carefully about your requirements is impertative – the more detail the better.  Our guide to the Questions to Consider can help you make a start. 

We accompany our clients on their Mallorcan property journey from start to finish.  Our first step on your journey with you is to speak and/or meet with you to go over your requirements in detail, get to know you and really understand your needs. 

We then compile shortlists of only the best options, accompanyyou to viewings, lend our expertise during negotiations and provide exceptional after-sales care – in the form of Design and Devemopment, Property Management or income generation advice from our expert Rentals team. 

Location

Mallorca boasts a wide array of picturesque towns, each with its own unique charm. From the cosmopolitan vibe of Palma de Mallorca to the serene beauty of Pollença in the North each area offers distinct advantages.

From the sweeping sandy bays to the imposing Tramuntana Mountains, the location of your Mallorcan Home is at the heart of your search.

Thinking about how your home will work for your wider family and friends. For many a vacation or home in Europe is a chance to bring everyone together. Access to the airport and amenities, lifestyle preferences and infrastructure need to be considered. 

Morgan and Morgan have a 40 year family heritage on the island and a passion for living life SLOW.
Unlike Realtors who act for sellers or are focussed on the local areas,  we only represent buyers with market wide coverage, meaning we have access to the broadest spectrum of properties on the island, including the most exclusive off and pre-market properties in all locations

For families moving from the United States to Mallorca, we know that proximity to Schools is top of your property search brief.   For some being able to walk to school is a must whereas for others it may be education based on a UK or US curriculum. 

Our International School guide will give you a brief overview of the best options available to you.

Relocation

As an American you can stay in Mallorca for up to 90 days within a rolling 180 day period without a Visa.

Depending on how often you wish to use your home or whether you are looking to relocate and move to Mallorca, you may be required to apply for a visa known as residency. 

As a non EU citizen, American citizens are eligible for a Golden Visa.  
The Golden Visa enables you and your family to live and work in Europe (Mallorca) as it gives you Spanish residency yet does not require you to live in Spain full time or become a tax resident as with the standard residency process or Non Lucrative visa. 

The Non Lucrative visa is intended for individuals who want to reside in Mallorca for personal reasons, such as retirement, study, or pursuing personal interests rather than work.

The Digital Nomad visa was introduced in early 2023 to encourage those who can work from home or who are Business owners/Self employed to come to Spain and enjoy the SLOW lifestyle and work from Mallorca.
This visa allows you to live here for between 1-5 years.  The duration of the visa depends on whether you apply in the US or once you arrive in Spain. 

We can assist in recommending English Speaking lawyers who specialise in home purchases for international buyers that can give advice based on your requirements.

They can also advise on Property taxes and wealth taxes applicable to American Citizens living in Spain.

Vacation 

Mallorca’s popularity as a tourist destination ensures a strong demand for holiday rentals, allowing you to generate income from your investment.

If you plan to use your property as a vacation home or investment, our experience Rental team at Morgan and Morgan by Emerald Stay  manage maintenance, rentals, and administrative tasks in your absence giving you peace of mind. 

Our mission is to give our clients the best holiday they’ve ever had. We want to share our passion for Mallorca, from its sun-kissed blue skies and pine tree scents to the luxury of slow and outdoor living. We’re exclusive, expert and appreciative of the people, places and properties we work with. These three fundamentals run through everything we do and support our values.

Purchasing property in Mallorca as an American citizen offers an incredible opportunity to own a slice of Mediterranean paradise. Morgan and Morgan can guide you through understanding the local market,  navigating the legal and financial landscape to embark on a fulfilling journey of property ownership in this enchanting island. Embrace the beauty, culture, and lifestyle of Mallorca as you create lasting memories in your new home. Contact us now to start your journey 

Disclaimer: This article is intended for informational purposes only and should not be construed as legal, financial, or professional advice. It is advisable to consult with qualified professionals before making any decisions related to property purchases.