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. When buying a property, you can get a residence permit in Spain, which will allow you to legally reside in the country. At the moment, the most suitable program for obtaining a Spanish residence permit is a Non-Lucrative residence visa in Spain . The main requirement of the program is to provide sufficient financial guarantees, as well as the availability of housing in Spain. Until 2025, investors had the opportunity to apply for a golden visa to Spain when buying real estate starting from 500 thousand euros, and the program has been officially closed since April 2025.

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, Buy Real Estate from 235,000€

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6-bedrooms villa 399 m² in Balearic Islands, Spain for 2,700,000 €

With swimming pool

6-bedrooms villa 399 m² in Balearic Islands, Spain

2,700,000 €

£2,298,000

Total area 399 m²Land area: 1,817 m²6 bedrooms3 bathrooms

5-bedrooms villa 370 m² in Port d'Andratx, Spain for 5,950,000 €

With swimming pool

5-bedrooms villa 370 m² in Port d'Andratx, Spain

5,950,000 €

£5,065,000

Total area 370 m²Land area: 1,600 m²5 bedrooms4 bathrooms

Sea view

Аpartments with views of the sea, mountains and golf course, Costa del Sol

From 380,000 €

Swimming pool Underground parking Golf course Private garden Terrace

4-bedrooms villa 695 m² in Sant Josep de sa Talaia, Spain for 3,550,000 €

With swimming pool

4-bedrooms villa 695 m² in Sant Josep de sa Talaia, Spain

3,550,000 €

£3,022,000

Total area 695 m²Land area: 1,056 m²4 bedrooms5 bathrooms

3-bedrooms villa 114 m² in La Siesta, Spain for 950,000 €

With swimming pool

3-bedrooms villa 114 m² in La Siesta, Spain

950,000 €

£809,000

Total area 114 m²Land area: 150 m²3 bedrooms2 bathrooms

6-bedrooms villa 320 m² in Balearic Islands, Spain for 4,500,000 €

With swimming pool

6-bedrooms villa 320 m² in Balearic Islands, Spain

4,500,000 €

£3,831,000

Total area 320 m²Land area: 750 m²6 bedrooms6 bathrooms

5-bedrooms villa 511 m² in Santa Eularia des Riu, Spain for 3,800,000 €

With swimming pool

5-bedrooms villa 511 m² in Santa Eularia des Riu, Spain

3,800,000 €

£3,235,000

Total area 511 m²Land area: 1,507 m²5 bedrooms5 bathrooms

Discounted properties upon request

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

Send a discount enquiry

Ksenia Kolesnikova,

Client manager

We find off-market properties
We organise viewings
We assist in obtaining a mortgage

3-bedrooms villa 260 m² in Sant Josep de sa Talaia, Spain for 1,890,000 €

With swimming pool

3-bedrooms villa 260 m² in Sant Josep de sa Talaia, Spain

1,890,000 €

£1,609,000

Total area 260 m²Land area: 1,200 m²3 bedrooms2 bathrooms

5-bedrooms apartment 110 m² in Ibiza, Spain for 795,000 €

With balcony/terrace

5-bedrooms apartment 110 m² in Ibiza, Spain

795,000 €

£677,000

Total area 110 m²5 bedrooms2 bathrooms

3-bedrooms apartment 300 m² in Ibiza, Spain for 1,990,000 €

With balcony/terrace

3-bedrooms apartment 300 m² in Ibiza, Spain

1,990,000 €

£1,694,000

Total area 300 m²3 bedrooms2 bathrooms

3-bedrooms apartment 110 m² in Ibiza, Spain for 1,102,000 €

With balcony/terrace

3-bedrooms apartment 110 m² in Ibiza, Spain

1,102,000 €

£939,000

Total area 110 m²3 bedrooms2 bathrooms

4-bedrooms villa in Port d'Andratx, Spain for 562,000 €

With swimming pool

4-bedrooms villa in Port d'Andratx, Spain

562,000 €

£478,000

4 bedrooms2 bathrooms

3-bedrooms villa 168 m² in Sant Josep de sa Talaia, Spain for 890,000 €

With garden

3-bedrooms villa 168 m² in Sant Josep de sa Talaia, Spain

890,000 €

£758,000

Total area 168 m²Land area: 1,045 m²3 bedrooms2 bathrooms

5-bedrooms apartment 240 m² in Ibiza, Spain for 2,900,000 €

With balcony/terrace

5-bedrooms apartment 240 m² in Ibiza, Spain

2,900,000 €

£2,469,000

Total area 240 m²5 bedrooms4 bathrooms

3-bedrooms apartment in Ibiza, Spain for 750,000 €

With balcony/terrace

3-bedrooms apartment in Ibiza, Spain

750,000 €

£638,000

3 bedrooms2 bathrooms

3-bedrooms villa 158 m² in Sant Josep de sa Talaia, Spain for 1,550,000 €

With garden

3-bedrooms villa 158 m² in Sant Josep de sa Talaia, Spain

1,550,000 €

£1,319,000

Total area 158 m²Land area: 541 m²3 bedrooms3 bathrooms

2-bedrooms apartment 65 m² in Ibiza, Spain for 885,000 €

Furnished

2-bedrooms apartment 65 m² in Ibiza, Spain

885,000 €

£753,000

Total area 65 m²2 bedrooms2 bathrooms

2-bedrooms apartment 76 m² in Balearic Islands, Spain for 555,000 €

With balcony/terrace

2-bedrooms apartment 76 m² in Balearic Islands, Spain

555,000 €

£472,000

Total area 76 m²2 bedrooms1 bathroom

2-bedrooms apartment 95 m² in Ibiza, Spain for 1,199,000 €

With balcony/terrace

2-bedrooms apartment 95 m² in Ibiza, Spain

1,199,000 €

£1,021,000

Total area 95 m²2 bedrooms2 bathrooms

7-bedrooms villa in Santa Eularia des Riu, Spain for 5,800,000 €

With garden

7-bedrooms villa in Santa Eularia des Riu, Spain

5,800,000 €

£4,937,000

7 bedrooms7 bathrooms

Three-storey designer villa with a pool and a garage in Calvia, Mallorca, Spain for 4,850,000 €

With swimming pool

Three-storey designer villa with a pool and a garage in Calvia, Mallorca, Spain

4,850,000 €

£4,129,000

Total area 521 m²Land area: 1,038 m²4 bedrooms4 bathrooms

2-bedrooms apartment 80 m² in Ibiza, Spain for 696,000 €

With balcony/terrace

2-bedrooms apartment 80 m² in Ibiza, Spain

696,000 €

£592,000

Total area 80 m²2 bedrooms2 bathrooms

2-bedrooms apartment 80 m² in Ibiza, Spain for 597,000 €

Furnished

2-bedrooms apartment 80 m² in Ibiza, Spain

597,000 €

£508,000

Total area 80 m²2 bedrooms1 bathroom

Two-level villa with a guest house, a pool and beautiful views in Estellens, Mallorca, Spain for 3,500,000 €

With swimming pool

Two-level villa with a guest house, a pool and beautiful views in Estellens, Mallorca, Spain

3,500,000 €

£2,979,000

Total area 606 m²Land area: 2,460 m²8 bedrooms7 bathrooms

Three-storey modern villa with a pool, a gym and a sea view in Sol de Mallorca, Spain for 2,995,000 €

With swimming pool

Three-storey modern villa with a pool, a gym and a sea view in Sol de Mallorca, Spain

2,995,000 €

£2,550,000

Total area 690 m²Land area: 1,600 m²4 bedrooms5 bathrooms

Exquisite villa with guest houses, a swimming pool, a lush garden in Bunyola, Mallorca, Spain for 6,950,000 €

With swimming pool

Exquisite villa with guest houses, a swimming pool, a lush garden in Bunyola, Mallorca, Spain

6,950,000 €

£5,916,000

Total area 1,000 m²Land area: 137,000 m²12 bedrooms11 bathrooms

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Tranio’s client cases

All cases

25 April 2024
Tranio case: buying an apartment in Madrid and obtaining Spain Golden Visa
Today Spain is one of the most popular EU countries for obtaining a residency by investments. To participate in the Spain Golden Visa programme, an investor must invest more than 500 thousand euros in the state economy or...
24 January 2024
Tranio’s client experience: buying a second home on the Costa Blanca
Spanish real estate has consistently been in high demand in the past few decades.
02 September 2016
The quest for the Golden Visa: a Tranio.com client on buying a flat in Estepona, Spain
Tranio.com’s client describes buying a Spanish property to obtain a Golden Visa residence permit.
15 January 2016
Risk-free transaction: this Tranio client bought a foreclosed flat in Marbella
This buyer chose a foreclosed flat in Spain’s upmarket Marbella. She tells us why she decided on this property that didn’t even make it to her shortlist.
12 September 2015
Profitable pleasure: two months rent covers Tranio buyer’s yearly costs
Dmitry, an entrepreneur from Moscow, bought a holiday home in Alicante on the Costa Blanca in 2014 with Tranio. One year later, we met with him to see how things were going.
10 September 2015
Keeping it in the family: three sisters buy a flat in Torrevieja
It's easier to buy property abroad when your family is behind you. This is how three sisters in their early sixties, Irina and Marina and Irina bought a holiday home in Torrevieja.
25 August 2015
Golden visas and marinas: yacht-aficionado buys luxury villa in Spain
Eugene, chief executive of a major Russian company, first considered buying property abroad when he took up yachting. We talked to him after he bought a villa in Catalonia near a marina.
17 July 2015
Owning property in Spain: a British perspective
Steve, an English expat in Moscow, Russia, bought a flat in Spain. Two years on, we asked him for the British perspective on Spain’s real estate, buyer’s remorse and bureaucracy.
06 May 2025
The Art of Renovation in Northern Athens and One-Stop-Shop Service of Tranio Hellas: Why Investor Bought Apartment...
Tranio has been operating in the Greek property market since 2010, selecting homes for clients from trusted partners across different regions — both in cities and in coastal resort locations.
28 February 2025
The Master Key: How a Tranio Client Optimised Taxes Through Real Estate Investment in Cyprus
Cyprus is one of the most sought-after destinations for tax optimisation, offering a transparent legal framework, full EU membership, and attractive conditions for foreign investors.

What they say about Tranio

All reviews

First and foremost Tranio is a very motivated team of professionals who surely know their job! We are very pleased with their well-coordinated work, timeliness of responses to the questions posed, and willingness to act in case of unusual situations.
Original letter

Coldwell Banker
It is with much enthusiasm that I personally recommend Tranio for a professional business collaboration in the ﬁeld of real estate, marketing, acquisition, and ﬁnance. The fundamentals of our business relationship with Tranio were set in 2016. Mundial AG has received the company’s great reputation throughout a number of international business pai’tners and stockholders. Tranio has helped our company to expand its horizons to the global market and has established benchmarks that would extend Mundial AG’s networks. The company has exceptional connections to potential investors and has a proﬁcient team that is capable of forming compound ﬁnancial models that attract ﬁnanciers. The cooperation with Tranio is based on professionalism, effectiveness, and Hypovﬂemsbank scrupulousness. Our experiences with Tranio are encouraging and progressive, which makes them one of our preeminent business paitners.
Original letter

Z. Farkas, Mundial AG
We are glad to have a partnership with Tranio! It offers a vast online property base and the best services.

Quality Villas

Property for sale in Balearic Islands