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, Spain

Exclusive villa with a swimming pool, a garden, a garage, a terrace and panoramic sea views, in a prestigious area, Andratx, Mallorca, Spain for 6,800,000 €

With swimming pool

Exclusive villa with a swimming pool, a garden, a garage, a terrace and panoramic sea views, in a prestigious area, Andratx, Mallorca, Spain

6,800,000 €

Total area 730 m²Land area: 1,000 m²5 bedrooms4 bathrooms

730 m², 5 bedrooms, villa + plot 1,000 m²

Andratx, Balearic Islands, Spain

6,800,000 €

We offer an exclusive villa on a hill with a large swimming pool, a spacious sunny terrace with panoramic sea views... Read more

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 €

Total area 130 m²3 bedrooms2 bathrooms

130 m², 3 bedrooms, apartment

Ibiza, Balearic Islands, Spain

750,000 € 5,769 € per m²

Three-bedroom apartment in highly sought central area. overlooking Talamanca beach. The property is finished with high... Read more

Off-plan property

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

470,000 €

Estimated completion Q3 of 2018

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 €

Total area 450 m²5 bedrooms6 bathrooms

450 m², 5 bedrooms, villa

Sant Antoni de Portmany, Ibiza, Balearic Islands, Spain

3,000,000 €

Development of minimalistic 5-bedroom villa with west coast sunset views, in the privileged area of Cala Salada and Can... Read more

Contemporary villa in the heart of Talamanca for 2,600,000 €

With swimming pool

Contemporary villa in the heart of Talamanca

2,600,000 €

Total area 454 m²Land area: 921 m²5 bedrooms4 bathrooms

454 m², 5 bedrooms, villa + plot 921 m²

Puig Manyà, Ibiza, Balearic Islands, Spain

2,600,000 €

Recently built, quality urban home on a low maintenance parcel in the heart of Talamanca area with sea views to Talamanca... Read more

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 €

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

550 m², 2 bedrooms, villa + plot 2,500 m²

Can Bessó, Ibiza, Balearic Islands, Spain

4,250,000 €

A modern two-storey villa of 550 m², built on a plot of 2500 m² in Can Rimbau urbanisation is for sale. The minimalistic... Read more

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 €

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

400 m², 3 bedrooms, villa + plot 2,000 m²

Can Bessó, Ibiza, Balearic Islands, Spain

3,850,000 €

A two-storey seaview villa of 400 m² with a plot of 2000 m² in the luxury gated urbanisation of Can Rimbau is for sale.... Read more

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 €

Total area 800 m²9 bedrooms5 bathrooms

800 m², 9 bedrooms, villa

Sant Josep de sa Talaia, Ibiza, Balearic Islands, Spain

7,400,000 €

Estate on a privileged location. 4 building Finca style villa with unique views. This villa consists of a Spanish style... Read more

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 €

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

831 m², 12 bedrooms, villa + plot 2,622 m²

Can Furnet, Ibiza, Balearic Islands, Spain

6,195,000 €

This villa is a prime location investment due to its views and location only 10 minutes from Ibiza town and the marinas. This boutique... Read more

Sea view apartment in an elite development with a large pool and a garden in Santa Ponsa, Mallorca, Spain for 820,000 €

Sea view apartment in an elite development with a large pool and a garden in Santa Ponsa, Mallorca, Spain

820,000 €

2 bedrooms2 bathrooms

2 bedrooms, condo

Santa Ponsa, Balearic Islands, Spain

820,000 €

The spacious two-bedroom apartment with a terrace is located in a unique residence consisting of 26 apartments. The buildings... Read more

Comfortable three-bedroom apartment close to the beach, in a high-end area of Santa Ponsa, Mallorca, Spain for 2,415,000 €

Comfortable three-bedroom apartment close to the beach, in a high-end area of Santa Ponsa, Mallorca, Spain

2,415,000 €

3 bedrooms3 bathrooms

3 bedrooms, condo

Santa Ponsa, Balearic Islands, Spain

2,415,000 €

The elite three-bedroom apartment with a terrace is located in a unique residence consisting of 26 apartments. The buildings... Read more

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 €

Total area 350 m²Land area: 800 m²4 bedrooms4 bathrooms

350 m², 4 bedrooms, villa + plot 800 m²

Sant Josep de sa Talaia, Ibiza, Balearic Islands, Spain

1,795,000 €

A two-storey villa of 350 m² with a plot of 800 m² overlooking the famous Cala Comte beaches close to San Jose village... Read more

Furnished villa with a garden, a swimming pool, a terrace and a sea view, Ibiza, Spain for 2,625,000 €

With swimming pool

Furnished villa with a garden, a swimming pool, a terrace and a sea view, Ibiza, Spain

2,625,000 €

Total area 200 m²Land area: 2,650 m²4 bedrooms5 bathrooms

200 m², 4 bedrooms, villa + plot 2,650 m²

Ibiza, Balearic Islands, Spain

2,625,000 €

We offer a modern, recently completely renovated villa in Cala Vadella with a garden and a sea view, a short walk to the beach... Read more

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 €

Total area 260 m²4 bedrooms3 bathrooms

260 m², 4 bedrooms, apartment

Gènova, Balearic Islands, Spain

1 floor

980,000 € 3,769 € per m²

We offer the impressive apartments on the ground floor with pool and a large covered terrace with spectacular sea views... Read more

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 €

Total area 348 m²4 bedrooms3 bathrooms

348 m², 4 bedrooms, villa

Pollença, Balearic Islands, Spain

1,250,000 €

We offer country villa with private pool, three terraces and a beautiful landscape garden in a quiet area near the town... Read more

Luxury villa with a swimming pool and two terraces, Talamanca, Ibiza, Spain for 2,375,000 €

With swimming pool

Luxury villa with a swimming pool and two terraces, Talamanca, Ibiza, Spain

2,375,000 €

Total area 348 m²Land area: 471 m²4 bedrooms4 bathrooms

348 m², 4 bedrooms, villa + plot 471 m²

Ibiza, Balearic Islands, Spain

2,375,000 €

We offer a quality three-storey villa with unique and innovative design. In the territory you find a swimming pool... Read more

High-quality villa with a swimming pool, a terrace and a sea view, Formentera, Spain for 6,900,000 €

With swimming pool

High-quality villa with a swimming pool, a terrace and a sea view, Formentera, Spain

6,900,000 €

Total area 500 m²Land area: 12,500 m²5 bedrooms4 bathrooms

500 m², 5 bedrooms, villa + plot 12,500 m²

Formentera, Balearic Islands, Spain

6,900,000 €

We offer one of the most beautiful villas of the island, featuring an infinity pool 5 x 13 m, a garage, a veranda... Read more

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 €

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

4,000 m², 10 bedrooms, country seat + plot 818,759 m²

Son Serralta, Balearic Islands, Spain

26,500,000 €

We offer an imposing estate surrounded by gardens and featuring a large plot of land of about 820,000 m², a chapel... Read more

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 €

Total area 700 m²8 bedrooms7 bathroomsYield 6.0 %

700 m², 8 bedrooms, buy-to-let apartment

Sant Josep de sa Talaia, Ibiza, Balearic Islands, Spain

6,980,000 € 9,971 € per m²

Newly built villa for rent. Description There is a Mediterranean garden, a swimming pool with sea views, several terraces... Read more

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 €

Total area 455 m²6 bedrooms6 bathroomsYield 6.0 %

455 m², 6 bedrooms, buy-to-let apartment

Balearic Islands, Spain

3,300,000 € 7,252 € per m²

Modern villa for rent near the beaches. Description The property has a garden, a pool with sea views, chill-out areas... Read more

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 €

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

650 m², 6 bedrooms, villa + plot 15,200 m²

Alcudia, Balearic Islands, Spain

2,795,000 €

A villa of 650 m² features a large plot of 15,200 m², panoramic views of the sea and the Bay of Pollensa, a swimming... Read more

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 €

Total area 872 m²Land area: 510 m²2 bedrooms4 bathrooms

872 m², 2 bedrooms, villa + plot 510 m²

Balearic Islands, Spain

1,900,000 €

Modern design villa located in front of the sea in the area of Manresa, next to crystal clear beaches and 5 minutes... Read more

Luxury villa with two swimming pools and panoramic views of the bay and the mountains, Puerto Pollensa, Spain for 3,500,000 €

With swimming pool

Luxury villa with two swimming pools and panoramic views of the bay and the mountains, Puerto Pollensa, Spain

3,500,000 €

Total area 2,000 m²6 bedrooms4 bathrooms

2,000 m², 6 bedrooms, villa

Balearic Islands, Spain

3,500,000 €

We offer a comfortable hilltop villa with modern design, top-quality finishing and beautiful architecture, two private... Read more

Historic estate with a large plot and a swimming pool, Pollenca, Spain for 1,400,000 €

Historic estate with a large plot and a swimming pool, Pollenca, Spain

1,400,000 €

Total area 400 m²Land area: 75,000 m²6 bedrooms5 bathrooms

400 m², 6 bedrooms, country seat + plot 75,000 m²

Pollença, Balearic Islands, Spain

1,400,000 €

The completely renovated estate is a 500-year-old house with an original oil mill, a wood-fired oven and a cistern. The beautiful... Read more

Beautiful house with a guest apartment, a swimming pool, a garden and panoramic views, Pollensa, Spain for 835,000 €

With swimming pool

Beautiful house with a guest apartment, a swimming pool, a garden and panoramic views, Pollensa, Spain

835,000 €

Total area 3,303 m²4 bedrooms4 bathrooms

3,303 m², 4 bedrooms, villa

Pollença, Balearic Islands, Spain

835,000 €

We offer a single-storey villa featuring a pool, a porch with a barbecue area, a dining area and a storage room, a large... Read more

New luxury villa in Son Vida with Holiday Rental License for 3,500,000 €

With swimming pool

New luxury villa in Son Vida with Holiday Rental License

3,500,000 €

Total area 1,964 m²Land area: 465 m²1 bedroom5 bathrooms

1,964 m², 1 bedroom, villa + plot 465 m²

Son Vida, Palma de Mallorca, Balearic Islands, Spain

3,500,000 €

Spectacular designer villa completely renovated in the heart of the prestigious golf Son Vida, preserving the beautiful... Read more

Property for sale in Balearic Islands

Discounted properties upon request

FAQ about Balearic Islands