What do I need to know before retiring in Palma de Mallorca?

"Before retiring in Palma de Mallorca, expats should know that they will need a visa if they are not EU citizens. They should also be aware that the cost of living can be high, especially in the more touristy areas. The official language is Spanish, but English is widely spoken in tourist areas. Healthcare in Spain is of a high standard, but expats should ensure they have adequate health insurance. The climate in Palma de Mallorca is Mediterranean, with hot summers and mild winters. Expats should also be aware that Spain has a double taxation agreement with many countries, so they may not have to pay tax in their home country on income earned in Spain. The property market in Palma de Mallorca is competitive, with high demand for properties in the city center and near the beach. Spain has a slower pace of life compared to many other countries, and this is reflected in the opening hours of shops and businesses. Finally, expats should know that the culture in Spain is very social, with a strong emphasis on family and community," said a member in Palma de Mallorca, Spain.

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Take the hassle out of buying property in Spain! Expat Estate is a bespoke buyer advisory firm helping foreign nationals purchase property in Spain. Providing end-to-end services from property search and acquisition to legals, mortgage broking, property management and support with Golden Visas, Expat Estate takes the stress out of home ownership in Spain.

Expat Estate

Take the hassle out of buying property in Spain! Expat Estate is a bespoke buyer advisory firm helping foreign nationals purchase property in Spain. Providing end-to-end services from property search and acquisition to legals, mortgage broking, property management and support with Golden Visas, Expat Estate takes the stress out of home ownership in Spain.
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