08/06/2026
Buying in Mallorca?
This is the bit most people find out too late.
The arras contract binds you early, the tiered transfer tax can hit 11%, and the currency transfer on a โฌ500k villa can cost you an extra ยฃ13,000 if the pound moves 3% during the purchase process,
which on a 4 to 12 week timeline is absolutely possible.
We've put together a full guide to the Mallorca purchase process from a currency perspective:
๐๐ป Taxes
๐๐ป Costs
๐๐ป Timelines
๐๐ป How to protect yourself from the moment you make an offer to the day you sign at the notary
If you're buying in Mallorca and moving six figures across, it's worth five minutes of your time.
Link in comments ๐
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Book a Call: https://calendly.com/lucidforeignexchange/30min
๐ง Email: [email protected]
๐ www.lucidforeignexchange.com
๐ 020 8159 2579
https://lucidforeignexchange.com/post/buying-property-in-mallorca-a-specialists-guide-for-uk-buyers/
Buying property in Mallorca in 2026? Learn the arras and escritura process, the tiered ITP tax, NIE requirements, and how to protect your exchange rate.