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

Spacious 4 bedroom Villa for sale with sea view in Coves Noves, Menorca
Ref 252321
Bright and spacious 4 bedroom villa with pool and garden, enjoying panoramic sea views from its sought after location near the beach and all amenities in Coves Noves. This superb property is distr...
655,000 EUR
Spacious 3 bedroom Apartment for sale with sea view in Mahon, Menorca
Ref 252308
Spacious and bright 3 bedroom apartment enjoying panoramic sea views from its ideal location in Mahon. Sitting over the mouth of the harbour, with a partial view of the sea, one can enjoy a nauti...
585,000 EUR
Income Producing 3 bedroom Townhouse for sale in Cala'n Blanes, Ciutadella de Menorca, Menorca
Ref 252307
Charming 3 bedroom house with Tourist License, pool and garden ideally located near the beach and all amenities in Cala'n Blanes. This beautiful chalet is ideal for those seeking a property in a p...
550,000 EUR
Character 4 bedroom Farmhouse for sale in Biniparrell, Menorca
Ref 252258
In an exclusive and secluded location, this stunning traditional farmhouse offers a rare blend of privacy, character, and modern comfort. Set in over 1,500m2 of beautifully kept grounds, this ho...
1,250,000 EUR
Wow factor 3 bedroom Villa for sale with sea view in Son Bou, Menorca
Ref 252237
Enjoying breathtaking sea views from its prestigious elevated location in Son Bou, is this stunning 3 storey, 3 bedroom luxury villa with pool and garden. Perched atop the scenic hills this excep...
2,490,000 EUR
Waterfront 6 bedroom Villa for sale with sea and panoramic views in Sant Antoni, Menorca
Ref 252204
Fabulous, contemporary Mediterranean villa on the water's edge, with panoramic views of the sparkling sea. The spacious 6 bedroom house sits perfectly on the shore, with a personal dock for mo...
4,950,000 EUR
Waterfront 2 bedroom Villa for sale with sea view in Mahon Port, Mahon, Menorca
Ref 252178
Enjoying breathtaking sea views from its idyllic frontline location in Mahon's Port, is this stunning 2 bedroom house with courtyard. This unique property is the result of a careful transformatio...
895,000 EUR
Stylish 3 bedroom House for sale in Biniparrell, Menorca
Ref 252139
Stylishly renovated 3 bedroom luxury country house with pool and garden, ideally located in a peaceful area of Biniparrell. This charming property has been carefully renovated with exquisite tast...
990,000 EUR
Immaculate 3 bedroom Villa for sale in Punta Prima, Menorca
Ref 252054
Ideally located near the beach and all amenities in prestigious Punta Prima, is this bright modern 3 bedroom single storey villa with garden. This charming property of 108m2 features three bedroo...
695,000 EUR
Spacious 4 bedroom Villa for sale in Llucmacanes, Menorca
Ref 252027
Ideally located in a peaceful area of Llucmenanes, is this fabulous 4 bedroom villa set in lush mature gardens with pool. This splendid country house is only a few minutes from the city of Mahon,...
1,100,000 EUR
Spacious 4 bedroom Villa for sale with sea view in Ciutadella de Menorca, Menorca
Ref 252026
Enjoying panoramic sea views from its prestigious location in Cala'n Bosch, Ciutadella, is this charming 4 bedroom single storey villa with pool and garden. Offering unique views of the lighthouse...
750,000 EUR
Project Land for sale with Development Potential in Ciutadella de Menorca, Menorca
Ref 251995
Located in one of Ciutadella's most prestigious and sought-after residential areas, this plot of approximately 1,000m2 represents an exceptional opportunity to redevelop. Its prime location, just...
950,000 EUR
Immaculate 3 bedroom Apartment for sale in Ciutadella de Menorca, Menorca
Ref 251967
Luxuriously renovated 3 bedroom stylish apartment with terrace and private pool, ideally located near all amenities in the heart of Ciutadella. This extraordinary residence where timeless traditio...
852,000 EUR
4 bedroom Villa for sale with sea view with Income Potential in Alcaufar, Menorca
Ref 251864
Wonderful opportunity to acquire a charming 3 bedroom house with a separate one bedroom annex, all nestling in over one acre of beautiful landscaped gardens with pool, ideally located near the beac...
890,000 EUR
Waterfront 4 bedroom Townhouse for sale with sea view in Cala Moli, Ibiza
Ref 251863
Rare opportunity to acquire a fully renovated 3 storey, 4 bedroom luxury villa enjoying panoramic sea views from its idyllic waterfront location by the beach in Cala Moli. Positioned right on the...
1,150,000 EUR
Income Producing 4 bedroom Villa for sale in Es Canutells, Menorca
Ref 251862
Bright and spacious 4 bedroom villa with Tourist Licence, set in beautiful gardens with pool, ideally located near the beach in Es Canutells. Situated near the charming bay of Canutells this supe...
955,000 EUR
Income Producing 8 bedroom Villa for sale with sea view in Es Castell, Menorca
Ref 251861
Wonderful opportunity to acquire a stunning 8 bedroom fully furnished villa with Tourist Licence, set on a good size plot with pool and garden while enjoying panoramic sea views from its ideal loca...
1,475,000 EUR
5 bedroom Villa for sale with Income Potential in Cala Blanca, Menorca
Ref 251781
Ideally located in one of the island's most coveted locations, Cala Blanca, is this stunning 5 bedroom villa with Tourism Licence, pool and garden. This exceptional property combines Mediterranean...
905,000 EUR
Spacious 5 bedroom Villa for sale in La Argentina, Menorca
Ref 251780
Ideally located in a private and peaceful area of L'Argentina, is this spacious and bright 5 bedroom villa set in lush mature gardens with pool. Surrounded by year round greenery, with no immedia...
980,000 EUR
Modern 4 bedroom Apartment for sale with sea view in Calan Porter, Alaior, Menorca
Ref 251729
Beautifully refurbished 4 bedroom fully furnished villa with outstanding sea views over the beach in Calan Porter, out to sea and along the rugged coastline and countryside. This two storey house...
675,000 EUR