Regional Information - Foreign Ownership > Spain, Europe

Feature Island

Regional Information

Spain has its fair share of sun drenched shores and islands. This country is home to the Balaeric Islands in the Medierranean and occasionally, private islands come up for sale in this region. Just off Ibiza's coast sit a few islands for sale. Ibiza's islands tend to be well developed with luxurious villas or resorts - a chance to create a rental property or lounge around with 50 of your closest friends. Travel is easy in Spain, the climate is moderate and the people are relaxed. Freehold private island properties are available for foreign purchase.

Spain, Europe

Foreign Ownership of Islands in Spain, Europe

Spain has few restrictions foreign ownership and property can be obtained relatively easily. However, Spain often does not allow building on undeveloped islands. Therefore, your Spanish island search will most likely be confined to developed islands. Due diligence is everything in Spain because of their intricate purchase process. You lawyer will determine that there are no outstanding debts or claims against the island. Any claims on a property in Spain remain even after the land has changed hands. Your lawyer can also help you with the necessary process of securing an NIE number. This is a unique taxation identification number that is needed before a property can be bought.

Regional Statistics for Spain, Europe

Location:: Southwestern Europe, bordering the Bay of Biscay, Mediterranean Sea, North Atlantic Ocean, and Pyrenees Mountains, southwest of France
Population:: 40,397,842
Languages:: Castilian Spanish, Catalan, Galician, Basque
Capital:: Madrid
Currency:: Euro
Climate:: temperate; clear, hot summers in interior, more moderate and cloudy along coast; cloudy, cold winters in interior, partly cloudy and cool along coast
Temperature Range:: +3 to +29
Terrain:: large, flat to dissected plateau surrounded by rugged hills; Pyrenees in north
Natural Hazards:: periodic droughts