A mortgage loan? Cash?

The way you buy a property in Spain depends on your available capital and mortgage capacity. You can either purchase with a bank loan or with cash. Even if you have the funds to buy outright, financing is often recommended to keep liquidity and possibly access a higher-value property.

For residents, banks usually finance up to 80% of the lower amount between the purchase price and the appraised value. Buyers must contribute the remaining 20% plus 10–15% for purchase costs such as taxes, notary, and registration.

For non-residents, banks generally finance between 60% and 70% of the property value. This means you should have 30–40% in savings, plus 10–15% for transaction expenses. Mortgage terms for non-residents are shorter, usually 20–25 years, and interest rates can be slightly higher.

In all cases, a NIE (Foreign Identification Number) and full financial documentation are required.

Adela Tallada

Soy Adela Tallada, asesora inmobiliaria especializada en Mallorca, principalmente en Palma, Marratxí y sus alrededores.  Este es mi noveno año en el sector y he desarrollado parte de mi trayectoria en una compañía inmobiliaria internacional. Acompaño a propietarios y compradores durante todo el proceso, desde la valoración y la preparación de la vivienda hasta la negociación y la firma. Mi forma de trabajar se basa en la cercanía, la transparencia y una estrategia personalizada para que cada cliente pueda tomar decisiones inmobiliarias con seguridad.