Can foreigners buy property in Balearic Islands?

Yes. There are no restrictions on buying property in Spain , whether it's commercial, residential or land. In fact, Spain encourages investment by foreigners, both resident and non-resident. You will require a financial number which can acquire by visiting a police station with your passport.

How do I buy a property in Balearic Islands?

The process of buying a property in Spain usually runs as follows. First, the buyer makes an offer, usually through the seller's real estate agent. If this is accepted, then the buyer and seller sign a preliminary contract (contrato privado de compravento) and the buyer pays a deposit, typically 10% of the purchase price. Then the agent helps to organise property check and if there're no burdens or restrictions, a final sales contract is prepared.

Do I need a Spanish bank account to buy a property in Spain?

Yes. You will want a bank account in Spain once you have bought your Spanish property. This will enable you to set up direct debits and standing orders to pay for your utilities and bills .

Can I get a mortgage in Spain?

Yes. Although to get a mortgage in Spain you need NIE (Número de Identificación de Extranjeros). If you're in Spain, you can start the NIE application process at any local police station. Outside of Spain, the best way to apply for an NIE is to contact your local Spanish consulate.

What is a Spanish residence permit?

A long-term residence permit allows you to stay in Spain indefinitely, working or otherwise, under the same conditions as Spanish citizens. You can apply for Spanish nationality after 10 years of residence in Spain.

How do I get a residence permit in Spain?

Dedending on type (for students, for investors, etc.) you can obtain Spanish residence permit at Foreigner’s Office in Spain or at Spanish Consulate in your country of residence.

How long does it take to get residency in Spain?

The terms are based on the type of the residence (for students, for investors, etc.). Some of them can be obtained in less than one month.

Can I get residency in Spain if I buy property?

Yes. If you buy property in Spain you can get a Spanish residency permit, which allows you to live in Europe. The only challenge is the paperwork, and you must invest at least 500,000€.

How can I get permanent residency in Spain?

You can get permanent residency in Spain after 5 years of legal residence.

How long does it take to become a citizen in Spain?

The standard criteria for citizenship in Spain is 10 years of legal residence. There are reduced terms (1, 2 or 5 years) for residency based on naturalization, origin, option, etc.

Property for Sale in Balearic Islands

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A contemporary three-bedroom, two-bathroom apartment in the exclusive Marina Botafoch area, with allocated parking for 750,000 €

With balcony/terrace

A contemporary three-bedroom, two-bathroom apartment in the exclusive Marina Botafoch area, with allocated parking

750,000 €

£646,000

Total area 130 m²3 bedrooms2 bathrooms

Development of minimalistic 5-bedroom villa on Ibiza´s west coast, in the privileged area of Cala Salada and Can Germà for 3,000,000 €

With swimming pool

Development of minimalistic 5-bedroom villa on Ibiza´s west coast, in the privileged area of Cala Salada and Can Germà

3,000,000 €

£2,582,000

Total area 450 m²5 bedrooms6 bathrooms

Off-plan property

New building in center of Barcelona with panoramic views, garden and pool

485,000 €

Estimated completion Q3 of 2018

Designer villa with panoramic views, a terrace and a pool, Ibiza, Spain for 4,250,000 €

With swimming pool

Designer villa with panoramic views, a terrace and a pool, Ibiza, Spain

4,250,000 €

£3,658,000

Total area 550 m²Land area: 2,500 m²2 bedrooms2 bathrooms

Stylish seaview villa with an infinity pool in a luxury gated urbanisation, Ibiza, Spain for 3,850,000 €

With swimming pool

Stylish seaview villa with an infinity pool in a luxury gated urbanisation, Ibiza, Spain

3,850,000 €

£3,314,000

Total area 400 m²Land area: 2,000 m²3 bedrooms3 bathrooms

This 4-building estate, with views on the Meditarranean, Es Vedrà and the sunset for 7,400,000 €

With swimming pool

This 4-building estate, with views on the Meditarranean, Es Vedrà and the sunset

7,400,000 €

£6,369,000

Total area 800 m²9 bedrooms5 bathrooms

Boutique hotel style villa overlooking the Mediterranean Sea for 6,195,000 €

With swimming pool

Boutique hotel style villa overlooking the Mediterranean Sea

6,195,000 €

£5,332,000

Total area 831 m²Land area: 2,622 m²12 bedrooms10 bathrooms

Discounted properties upon request

Send us an enquiry, we will find advantageous offers for you

Send a discount enquiry

Ksenia Kolesnikova,

Client manager

Renovated seaview villa with modern design, Ibiza, Spain for 1,795,000 €

With swimming pool

Renovated seaview villa with modern design, Ibiza, Spain

1,795,000 €

£1,545,000

Total area 350 m²Land area: 800 m²4 bedrooms4 bathrooms

Apartment with pool and terrace overlooking the sea and the city of Genova, Palma, Mallorca for 980,000 €

With balcony/terrace

Apartment with pool and terrace overlooking the sea and the city of Genova, Palma, Mallorca

980,000 €

£843,000

Total area 260 m²4 bedrooms3 bathrooms

Country home in a quiet area with a swimming pool and three terraces, Pollensa, Mallorca, Spain. High rental potential! for 1,250,000 €

With swimming pool

Country home in a quiet area with a swimming pool and three terraces, Pollensa, Mallorca, Spain. High rental potential!

1,250,000 €

£1,076,000

Total area 348 m²4 bedrooms3 bathrooms

Two-level villa with sea views in Santa Ponsa, Mallorca, Spain for 1,200,000 €

With swimming pool

Two-level villa with sea views in Santa Ponsa, Mallorca, Spain

1,200,000 €

£1,033,000

Total area 350 m²Land area: 1,400 m²5 bedrooms2 bathrooms

Apartment – Ibiza, Balearic Islands, Spain for 1,217,000 €

With balcony/terrace

Apartment – Ibiza, Balearic Islands, Spain

1,217,000 €

£1,047,000

Total area 150 m²Land area: 300 m²3 bedrooms3 bathrooms

2 months ago

Villa – Ibiza, Balearic Islands, Spain for 6,500,000 €

With swimming pool

Villa – Ibiza, Balearic Islands, Spain

6,500,000 €

£5,595,000

Total area 685 m²Land area: 920 m²5 bedrooms5 bathrooms

Villa – Santa Gertrudis de Fruitera, Balearic Islands, Spain for 2,415,000 €

With swimming pool

Villa – Santa Gertrudis de Fruitera, Balearic Islands, Spain

2,415,000 €

£2,079,000

Total area 260 m²Land area: 400 m²4 bedrooms4 bathrooms

2 months ago

Luxury estate with beautiful gardens, a farm, a chapel, a pool and a tennis court in the outskirts of Palma de Mallorca, Son Serralta, Spain for 26,500,000 €

Luxury estate with beautiful gardens, a farm, a chapel, a pool and a tennis court in the outskirts of Palma de Mallorca, Son Serralta, Spain

26,500,000 €

£22,808,000

Total area 4,000 m²Land area: 818,759 m²10 bedrooms10 bathrooms

Apartment – Ibiza, Balearic Islands, Spain for 1,250,000 €

With balcony/terrace

Apartment – Ibiza, Balearic Islands, Spain

1,250,000 €

£1,076,000

Total area 219 m²3 bedrooms3 bathrooms

1 month ago

Villa – Ibiza, Balearic Islands, Spain for 977,000 €

With garden

Villa – Ibiza, Balearic Islands, Spain

977,000 €

£841,000

Total area 151 m²Land area: 161 m²3 bedrooms3 bathrooms

2 months ago

Villa – Balearic Islands, Spain for 562,000 €

With swimming pool

Villa – Balearic Islands, Spain

562,000 €

£484,000

2 bedrooms2 bathrooms

Newly built two-storeys villa with a pool and a garden, Ibiza, Spain for 3,300,000 €

Newly built two-storeys villa with a pool and a garden, Ibiza, Spain

3,300,000 €

£2,840,000

Total area 455 m²6 bedrooms6 bathroomsYield 6.0 %

Modern villa with Mediterranean garden and a swimming pool, Cala Tarida, Spain for 6,980,000 €

Modern villa with Mediterranean garden and a swimming pool, Cala Tarida, Spain

6,980,000 €

£6,008,000

Total area 700 m²8 bedrooms7 bathroomsYield 6.0 %

Two-storey villa with a pool and a garage in Santa Ponsa, Mallorca, Spain for 4,300,000 €

With swimming pool

Two-storey villa with a pool and a garage in Santa Ponsa, Mallorca, Spain

4,300,000 €

£3,701,000

Total area 360 m²Land area: 941 m²5 bedrooms4 bathrooms

Seafront modern villa in Manresa, bay of Pollensa for 1,900,000 €

With garden

Seafront modern villa in Manresa, bay of Pollensa

1,900,000 €

£1,635,000

Total area 872 m²Land area: 510 m²2 bedrooms4 bathrooms

Villa with sea views, a garden and a pool close to the beach, Bonaire, Spain for 2,795,000 €

With swimming pool

Villa with sea views, a garden and a pool close to the beach, Bonaire, Spain

2,795,000 €

£2,406,000

Total area 650 m²Land area: 15,200 m²6 bedrooms4 bathrooms

Apartment – Ibiza, Balearic Islands, Spain for 795,000 €

With balcony/terrace

Apartment – Ibiza, Balearic Islands, Spain

795,000 €

£684,000

Total area 110 m²3 bedrooms2 bathrooms

2 months ago

Two-storey bright townhouse with a garden in Mallorca, Spain for 238,000 €

Two-storey bright townhouse with a garden in Mallorca, Spain

238,000 €

£205,000

Total area 100 m²3 bedrooms2 bathrooms

1 month ago

Classic villa with a pool, a garden, a parking and a sea view in Costa de la Calma, Mallorca, Spain for 5,800,000 €

With swimming pool

Classic villa with a pool, a garden, a parking and a sea view in Costa de la Calma, Mallorca, Spain

5,800,000 €

£4,992,000

Total area 900 m²Land area: 2,450 m²7 bedrooms7 bathrooms

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Property for sale in Balearic Islands