Buying property in Mallorca 10 years before retiring

CrossBorderNotes

Late reply, but this thread still comes up in searches, so for anyone planning the same move now: one big thing has changed since 2021. Spain closed its golden visa in April 2025, so owning the house won't give you the right to live there when you retire. You'd need a visa such as the non-lucrative one. Budget for the purchase tax too: Balearic transfer tax on a resale home is 8% on the first EUR 400,000 and rises in bands to 13% above EUR 2M (https://www.boe.es/eli/es-ib/dlg/2014/06/06/1/con). Black Privé's Mallorca tax guide covers both. Worth a look if you're buying from the UK.