Expert commentary by Iris Grünewald, CEO & Founder of Balearic Properties and Mallorca property specialist with more than 25 years of local experience.
Last reviewed 19 September 2026

Editorial methodology: Residency rules and property purchases are separate decisions. Our team reviews the property market locally, while buyers should obtain personalised immigration and tax advice before committing.

Recently, the Spanish Government has decided to end the Golden Visas for property purchases, a measure that will significantly affect the real estate sector. At Balearic Properties, although we are aware of this new reality, we remain committed to providing the best advice and properties to our international clients.

What is the Golden Visa? The Golden Visa was a residence and work permit in Spain obtainable through a real estate investment of at least 500,000 euros. Originally implemented in 2013, this visa has been a crucial tool for attracting foreign investment. However, the government is now looking for new ways to manage this investment without negatively impacting access to housing for Spaniards.

Golden Visa in Spain: The Current Situation

The elimination of the Golden Visa for real estate investments of 500,000 euros represents a significant change, but there are still other avenues for obtaining residence in Spain, such as investments in public debt, shares of Spanish companies, investment funds, bank deposits, or business projects of general interest.

Why is this measure adopted? The decision to eliminate the Golden Visa aims to prevent real estate speculation and protect the right to housing, especially in cities with high demand such as Barcelona, Madrid, or Alicante. Although the impact of the Golden Visa on the overall real estate market is limited, the government considers its elimination necessary to preserve the quality of life for local residents.

Impact on Balearic Properties and the Spanish Real Estate Market

At Balearic Properties, we understand that this measure might deter some foreign investors. However, we will continue working to find the best solutions and alternatives for our clients, ensuring that they can make safe and profitable investments in our beautiful islands.

Additionally, we will continue to closely monitor the situation and adapt to new regulations to offer the best possible advice to our clients. Although the Golden Visa has been an important vehicle for investment in Spain, at Balearic Properties, we believe the future remains bright for those wishing to invest in luxury properties in the Balearic Islands.

At Balearic Properties, we recommend that any investor interested in the Spanish real estate market get proper advice and consider all available options under the new regulations. Despite the changes, Spain remains an attractive destination for real estate and residential investment.

What changes for international property buyers?

The end of the property-investment route does not prevent non-residents from buying a home in Mallorca. It changes one possible route to Spanish residence. Buyers should therefore assess the property, ownership structure, financing, taxes and residence position as connected but distinct matters.

Choosing the right Mallorca location

Location remains the decisive factor for long-term enjoyment and resale appeal. Compare our guides to Southwest Mallorca, Northwest Mallorca and Central Mallorca before arranging a viewing itinerary.

Frequently asked questions

Can non-residents still buy property in Mallorca?

Yes. The Golden Visa change concerns a residence route, not the general right of eligible foreign buyers to purchase Spanish property.

Does buying a property automatically grant residence?

No. Property ownership and immigration status are separate. Obtain current advice for your nationality and circumstances.

Which costs should buyers plan for?

Allow for purchase taxes, notary and registry charges, legal advice and any mortgage-related costs.

Where should I begin my Mallorca search?

Define lifestyle, access, budget and intended use, then compare areas before selecting individual properties.

Official sources and further information

• Spanish Official State Gazette (BOE)
• Spanish Ministry of Foreign Affairs
• Ministry of Inclusion and Migration

Information is general and may change. Seek independent legal, tax, technical or financial advice for your circumstances.