Buying a Property in the Balearic Islands

Areas Suggested Searches Legal Process Latest Properties

Areas of Balearic Islands

Ibiza has something for everyone, from chilled rural living to some of the best nightclubs in Europe.

Known for its beautiful beaches, mountains and long history.

A haven for those looking for a quieter island with crystal clear seas.

Legal Process

1. Putting down a Holding Deposit

On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner. This part of the process is not binding. We would recommend using an independent English speaking legal advisor. Once a purchase price has been agreed, normally a holding or reserve deposit will be required to ensure the property is removed from the market. The sum required will vary between properties and will be based on the purchase price. A time limit for the preagreement to be signed will be arranged and there will also be legal checks to be made.

2. Setting up a Pre-agreement (Contrato privado de compraventa)

The pre-agreement will set out the conditions under which the Buyer and Seller agree to complete the purchase of the property and the price they have agreed upon. Relevant details will generally be included for example the property details, purchase price and the date for completion. A deposit will be required at this point, this will vary, but will generally be 10% of the agreed price. This agreement will include a penal clause if the sale does not go through. If the seller pulls out of the sale your compensation will be double the deposit you have paid, but if you decide not to go through with the sale then your deposit will be lost. Certain checks will need to be made before signing the contract, checks should be made against the title of the property, mortgage status and if the property has any debts held against it. The planning status should also be looked into. These conditions can be varied by the seller and the buyer and other types of agreement can be made.

3. The Contract (Escritura de compraventa)

Before a non-Spanish purchaser can buy a Spanish property they will need to have set up a Spanish bank account and obtained a Spanish tax number (NIE). The completion will take place in the presence of a Notary Public. This is a Spanish public official, by law the deed of sale must be witnessed by a Notary Public. You will also need your own independent, expert legal advisor to act on your behalf. On Completion the buyer must pay the balance, that is the price agreed after the deposit has been deducted, plus any other fees on the completion date. Both buyer and seller must sign the Escritura de compraventa contract, (this is the Spanish equivalent of the title deeds). The title deeds (escritura) will be given to the buyer, this will be done in the presence of a Notary Public, they will certify that the transfer has taken place. The tax office will be sent a copy and the property registry will be informed of the transfer.

Latest Properties in Balearic Islands

Beachfront 3 bedroom Villa for sale with sea view in Cap Artruix, Ciutadella de Menorca, Menorca
Ref 253790
Enjoying breathtaking sea views from its idyllic beachfront location in Cap Artruix, is this stunning 3 bedroom villa with pool and garden. Situated in one of the most privileged areas of Menor...
1,005,000 EUR
Spacious 5 bedroom Villa for sale in Cala Millor, Mallorca
Ref 253789
Spacious and well maintained villa with 5 bedrooms, swimming pool and tourist licence, just 5 minutes from Cala Millor beach, restaurants and amenities. Spread over 3 floors, the property comes w...
950,000 EUR
6 bedroom House for sale with countryside view with Income Potential in Alaior, Menorca
Ref 253788
Enjoying far reaching uninterrupted views from its idyllic setting near Alaior, is this exceptional 6 bedroom finca nestling in 52 hectares of glorious land with gardens and pool. Situated in the...
2,690,000 EUR
Authentic 3 bedroom Villa for sale in Son Vilar, Menorca
Ref 253787
Authentic 3 bedroom villa set in a mature garden, ideally located in a peaceful area of Son Vilar in Es Castell. This charming property offers 177m2 of built area, thoughtfully arranged to maximi...
530,000 EUR
Immaculate 4 bedroom House for sale in Mahon, Menorca
Ref 253786
Bright and spacious 4 bedroom townhouse with large terrace and garden, ideally located near all amenities in the heart of Mahon. This captivating property had a major renovation in 2019 merging t...
650,000 EUR
Beachfront 3 bedroom Villa for sale with sea view in Ciutadella de Menorca, Menorca
Ref 253785
Enjoying breathtaking sea views from its exclusive beach-front location in Cala'n Blanes, is this stunning 3 bedroom villa with pool and garden. Offering unparalleled views of the Mediterranean a...
1,200,000 EUR
Bright 5 bedroom Villa for sale in Trebaluger, Menorca
Ref 253735
A bright and beautifully maintained family villa in a tranquil and idyllic area of Trebaluger. Spread over one level, the property offers generous living space of 118m2 and exceptional comfort, m...
925,000 EUR
Authentic 6 bedroom House for sale in Mahon, Menorca
Ref 253681
Charming and authentic 6 bedroom house ideally located near all amenities in the heart of Mahon's charming old town. This spacious ground floor property with garage, basement and patio, offers en...
630,000 EUR
Authentic 4 bedroom Apartment for sale in Ciutadella de Menorca, Menorca
Ref 253680
Stylish 4 bedroom duplex Penthouse apartment located in one of the most iconic areas of Ciutadella's old town. This beautiful property blends the charm of traditional architecture with modern comf...
690,000 EUR
Spacious 7 bedroom Villa for sale with sea view in Es Grau, Menorca
Ref 253620
Enjoying panoramic sea views from its peaceful location in the picturesque village of Es Grau, is this bright and spacious 7 bedroom villa with garden and roof terrace. This property is a perfect...
950,000 EUR
Modern 5 bedroom Villa for sale in Es Migjorn Gran, Menorca
Ref 253619
Ideally located near all amenities in the charming village of Es Migjorn Gran, is this stunning modern 5 bedroom townhouse with garden. The property was built in 2008 to very high standards, in an...
875,000 EUR
Immaculate 4 bedroom Villa for sale in Santo Tomas, Menorca
Ref 253618
Rare opportunity to acquire a luxurious 4 bedroom fully furnished villa with Tourist Licence, set in beautiful gardens with pool, ideally located near the beach and all amenities in Santo Tomas. ...
1,550,000 EUR
Authentic 4 bedroom Townhouse for sale in Cala Millor, Mallorca
Ref 253617
Charming 4 bedroom house with garden in Cala Millor. Situated only ten minutes from the beach it offers approximately 290m2 in a plot of 440m2. On the ground floor is a generous living room with...
735,000 EUR
Stylish 3 bedroom Apartment for sale with sea view in Santo Tomas, Menorca
Ref 253616
Stylish and bright 3 bedroom fully furnished ground floor apartment with expansive communal pool and gardens, enjoying panoramic sea views from its ideal location near the beach and all amenities i...
525,000 EUR
Character 4 bedroom Townhouse for sale in Son Servera, Mallorca
Ref 253561
Delightful character village property built in the traditional style of Son Servera in a privileged location, close to several beaches, golf courses and all the services that this pretty and popula...
645,000 EUR
Beachfront 3 bedroom Apartment for sale with sea view in Son Parc, Menorca
Ref 253498
Enjoying breathtaking sea views from its idyllic beachfront location in Son Parc, is this spacious and bright 3 bedroom apartment with communal pool. The property stands out for comfortable layou...
560,000 EUR
Immaculate 3 bedroom Townhouse for sale with sea view in Fornells, Menorca
Ref 253458
Stylishly renovated 3 bedroom house enjoying breathtaking sea views from its large terrace, located near all amenities in Fornells. On the first floor is a large living room and open kitchen, ful...
650,000 EUR
Spacious 4 bedroom Villa for sale with sea view in Binibeca, Menorca
Ref 253457
Enjoying panoramic sea views from its ideal location near the beach and all amenities in Binibeca, is this spacious and bright 4 bedroom villa with pool and garden. This beautiful family home has...
795,000 EUR
Luxury 3 bedroom Apartment for sale with sea view in Fornells, Menorca
Ref 253407
Wonderful opportunity to acquire a stunning 3 bedroom fully furnished duplex apartment enjoying breathtaking sea views from its prestigious location in the exclusive residential area of Playas de F...
695,000 EUR
Spacious 4 bedroom Villa for sale in Ciutadella de Menorca, Menorca
Ref 253357
Spacious new-build 4 bedroom property in Ciutadella de Menorca with communal pool and access within reach of amenities. The house of approximately 290m2 features four bedrooms, three bathrooms, ...
849,700 EUR