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

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
Spacious 4 bedroom Villa for sale in Sa Cabaneta, Mallorca
Ref 249397
Spacious 4 bedroom family villa, situated in a quiet and peaceful residential area of Sa Cabaneta, Marratxi. Set on an elevated plot and built using top quality materials, this superb villa is con...
1,950,000 EUR
Wow factor 6 bedroom House for sale with countryside and panoramic views in Pollenca, Mallorca
Ref 249393
Rare opportunity to acquire a gorgeous 6 bedroom luxury villa set in beautiful landscaped gardens with expansive pool and surrounded by 10 hectares of glorious land, enjoying fantastic views from i...
9,500,000 EUR
Immaculate 4 bedroom Villa for sale with sea and panoramic views in Santa Ponsa, Mallorca
Ref 249356
Absolutely exceptional 4 bedroom luxury new villa set in a beautiful landscaped garden with amazing infinity pool, while enjoying breathtaking sea views from its prestigious location in Nova Santa ...
9,890,000 EUR
Authentic 4 bedroom Townhouse for sale in Sa Pobla, Inca, Mallorca
Ref 249355
Charming, traditional 4 bedroom Mallorcan house with garden, ideally located near all amenities in the heart of Sa Pobla. Set on a generous plot of over 300m2 and spanning two streets, each with i...
475,000 EUR
Stylish 3 bedroom Townhouse for sale in Port de Pollenca, Pollenca, Mallorca
Ref 249354
Spacious and bright 3 bedroom house with terracing, ideally located near the beach and all amenities in Puerto Pollensa. This superb property is a great investment opportunity, bursting with poten...
400,000 EUR
Luxury 3 bedroom Villa for sale with sea view in Fornells, Menorca
Ref 249331
Luxurious new 3 bedroom villa with pool and garden, enjoying breathtaking views across Fornells Bay from its prestigious location in the heart of Fornells. This stunning property is part of an exc...
1,050,000 EUR
Modern 4 bedroom Townhouse for sale with countryside view in Mahon, Menorca
Ref 249328
Stylishly refurbished 3 storey, 4 bedroom townhouse with garden, enjoying uninterrupted countryside views from its ideal location near all amenities in Mahon. It is in walking distance to the tow...
575,000 EUR
Character 5 bedroom Townhouse for sale with panoramic and sea views in Son Vilar, Menorca
Ref 249325
Spacious 5 bedroom corner house with terracing, enjoying panoramic harbour views from its location near all amenities in Son Vilar. Situated half way between Mahon and Es Castell. The 317m2 offer...
550,000 EUR
Lovingly Maintained 5 bedroom Villa for sale in Alcudia, Mallorca
Ref 249307
Bright and spacious 5 bedroom villa, which is ideally situated in a quiet residential area just 3 minutes from the beach in Alcudia. This superb property has a rental license (ETV) for 10 people, ...
1,295,000 EUR
Bright 2 bedroom Villa for sale with sea and panoramic views in Santa Ponsa, Mallorca
Ref 249306
Wonderful 2 bedroom villa located in Santa Ponsa, set within an exclusive development with just 15 homes which are spread over a generous plot of around 7,400m2. This property offers a fantastic M...
950,000 EUR
Luxury 6 bedroom House for sale with panoramic and countryside views in Alaro, Mallorca
Ref 249283
Fabulous 6 bedroom country villa with a mountain backdrop, situated in a quiet setting just outside the picturesque town of Alaro. Designed by renowned Mallorcan Architects and with outstanding l...
7,500,000 EUR
Character 10 bedroom Farmhouse for sale with sea and panoramic views in Manacor, Mallorca
Ref 249257
Splendid country estate situated on an extensive plot of around 290,000m2 with stunning views towards the sea. Once the Hospital of the Order of the Templar, with its origins dating back to the 12...
6,800,000 EUR
Luxury 6 bedroom Farmhouse for sale with panoramic and countryside views in Es Capdella, Mallorca
Ref 249256
Stunning 6 bedroom country villa, which is set on a huge 8.3 hectare elevated plot, situated in a quiet setting close to the town Es Capdella, in Calvia. Surrounded by nature, the property enjoys...
11,800,000 EUR
Unique 4 bedroom House for sale with sea view in Formentor, Mallorca
Ref 249238
Absolutely exceptional and unique 4 bedroom stone house nestling in nearly one acre of lush mature gardens with pool, while enjoying panoramic sea views from its sought after location in Formentor....
4,500,000 EUR