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

Quiet 4 bedroom Villa for sale with countryside and panoramic views in Pollenca, Mallorca
Ref 249581
Stunning 4 bedroom modern villa, which is ideally situated within an absolutely quiet and peaceful upmarket residential area, yet just a 7 minute drive from Pollensa town. With easy road access a...
1,290,000 EUR
Immaculate 4 bedroom Villa for sale with panoramic view in Bunyola, Mallorca
Ref 249567
Absolutely stunning new 4 bedroom luxury villa with pool and garden, enjoying panoramic views from its elevated location in Bunyola. This impressive property with modern design is 15 minutes from ...
5,850,000 EUR
Exclusive 24 bedroom Estate for sale with countryside and panoramic views in Muro, Mallorca
Ref 249550
In excellent condition throughout, this fantastic 24 bedroom agro-tourism hotel is offered for sale in the peaceful countryside between Santa Margalida and Arta and is just 10 minutes from the beau...
6,900,000 EUR
Immaculate 4 bedroom Villa for sale with sea and panoramic views in Costa d'en Blanes, Mallorca
Ref 249549
Exceptional newly built 4 bedroom villa, ideally situated at the pinnacle of Costa den Blanes, which is one of the most highly sought after neighbourhoods in the south west region of Mallorca. Of...
5,350,000 EUR
Bright 6 bedroom Farmhouse for sale with countryside view in Santa Maria del Cami, Mallorca
Ref 249548
Set within beautiful surroundings and close to Santa Maria del Cami, this spacious and beautifully presented 6 bedroom villa offers a warm and welcoming oasis, with a fantastic swimming pool and pi...
3,000,000 EUR
Immaculate 3 bedroom Townhouse for sale in Ciutadella de Menorca, Menorca
Ref 249540
Ideally located near the beach and all amenities in a highly sought after area of Ciutadella, is this very well presented 3 storey, 3 bedroom house. This beautiful, centrally located property is i...
525,000 EUR
14 bedroom House for sale with sea view with Income Potential in Sant Lluis, Menorca
Ref 249539
Absolutely outstanding 14 bedroom historical Manor House set in beautiful landscaped gardens with expansive pool and tennis court, surrounded by over 67 hectares of glorious land while enjoying pan...
4,500,000 EUR
Authentic 5 bedroom House for sale in Es Castell, Menorca
Ref 249538
Charming and traditional 5 bedroom country farmhouse with Tourist License, set in nearly half an acre of garden with pool, ideally situated in a quiet setting on the outskirts of Es Castell. With...
995,000 EUR
Luxury 3 bedroom Villa for sale with sea view in Cala Llonga, Menorca
Ref 249537
Enjoying spectacular views over the Port of Mahon, is this luxurious 3 bedroom villa with amazing infinity pool, located in one of the most prestigious and desirable places in Menorca. This supe...
1,850,000 EUR
Modern 4 bedroom Villa for sale in Mahon, Menorca
Ref 249536
Ideally located near all amenities in a peaceful area of Mahon, is this spacious and bright 4 bedroom villa with pool and terracing. This charming property consists of a ground floor hall, fitted ...
690,000 EUR
Contemporary 4 bedroom Villa for sale in Bendinat, Mallorca
Ref 249505
Recently built and stylish, this superb 4 bedroom villa is ideally situated within a privileged area in Bendinat. With a spacious living area of 333m2, it features state-of-the-art technology and...
3,995,000 EUR
Lovingly Maintained 4 bedroom Villa for sale with panoramic view in Pollenca, Mallorca
Ref 249504
In excellent condition throughout, this superbly finished 4 bedroom villa offers everything that the best of modern living can provide, with every detail carefully considered. The fully air condi...
1,690,000 EUR
Immaculate 5 bedroom Villa for sale with countryside and panoramic views in Canyamel, Mallorca
Ref 249503
With stunning panoramic views, this spacious and beautifully presented villa, with a chic contemporary style, features high ceilings, large sliding doors permitting an abundance of natural light an...
2,800,000 EUR
Elegant 4 bedroom Villa for sale with countryside view in Santa Ponsa, Mallorca
Ref 249502
Stylish stone built 4 bedroom villa, which is ideally situated within a private setting in Santa Ponsa, set on an elevated plot of 1,121m2, in one of the best addresses in the south-west. This con...
3,995,000 EUR
Stylish 5 bedroom House for sale with countryside view in Llucmajor, Mallorca
Ref 249478
Recommended
Superb 5 bedroom finca, with a beautifully presented living area of 500m2, situated in a secluded rural setting, offering a peaceful retreat that is merely a 10 minute drive from the towns of Llucm...
3,450,000 EUR
Quiet 5 bedroom House for sale with countryside view in Pollenca, Mallorca
Ref 249477
In excellent condition throughout, this beautiful and luxurious 5 bedroom home enjoys ultimate peace and privacy and is situated within a picturesque valley location within the Pollensa countryside...
5,000,000 EUR
Spacious 4 bedroom Villa for sale with countryside view in Sant Lluis, Menorca
Ref 249473
Impressive country estate near San Luis in a peaceful and tranquil natural setting, yet just a ten minute drive to the coast. The 500m2 property is an architectural masterpiece, seamlessly blend...
3,500,000 EUR
Beachfront 4 bedroom Villa for sale in Cala Blanca, Menorca
Ref 249424
Recommended
Light and airy single floor villa in Cala Blanca, ideal for families seeking easy access to the beach with direct access. This 125m2 property offers a perfect blend of convenience, with spacious...
535,000 EUR
Quiet 3 bedroom House for sale with panoramic and countryside views in Es Capdella, Mallorca
Ref 249399
Beautiful 3 bedroom country home, which is ideally situated on the outskirts of the village of Es Capdella, a real haven of tranquillity to enjoy Mallorca at its best. The finca is located at the...
1,900,000 EUR
Bright 3 bedroom Penthouse Apartment for sale with sea and panoramic views in Ses Covetes, Campos, Mallorca
Ref 249398
Charming 3 bedroom Mediterranean-style penthouse apartment, which is ideally located on the sea front in Ses Covetes and with the best views over the turquoise waters of the beach in front that ext...
1,390,000 EUR