Frequently Asked Questions about Buying Property in Formentera

Can foreigners buy property in Formentera?

Yes. Foreign citizens can buy property in Spain without restrictions. You will need:

• NIE (Foreigner Identification Number)

• A Spanish bank account

• Legal advice to complete the purchase safely

What additional costs are involved when buying a property?

In addition to the purchase price:

• Property Transfer Tax (ITP) or VAT

• Notary fees

• Land Registry fees

• Legal / administrative costs

Estimated total: 10% – 13% of the property value.

What is the price per square meter in Formentera?

Prices vary depending on:

• Location

• Sea views

• Property type

• Condition

Formentera is one of the most exclusive markets in the Balearic Islands. Contact us for updated market data.

Is buying property in Formentera a good investment?

Yes, due to:

• Limited supply

• High international demand

• Strong price stability

• Excellent rental potential

Can I rent my property to tourists?

Only if the property has a valid tourist rental license.
Regulations are strict and licenses are very limited. We will advise you before purchasing.

Which are the best areas to buy in Formentera?

The most popular areas are:

• Migjorn

• Es Pujols

• La Savina

• Sant Ferran

• Countryside areas for privacy

How long does the buying process take?

Usually between 4 and 8 weeks, depending on:

• Financing

• Documentation

• Negotiations

Can I apply for a mortgage in Spain?

Yes:

• Residents: up to 70% financing

• Non-residents: up to 60% financing

We work with trusted local banks.

What taxes do I pay when selling a property?

• Municipal capital gains tax

• Income tax on capital gains

Why buy with a local real estate agency in Formentera?

✔ Local market expertise
✔ Access to exclusive properties
✔ Professional negotiation
✔ Legal security
✔ Full support from start to finish

What should I check before buying?

• Property deeds

• Licenses

• Urban planning status

• Outstanding debts or charges

Can I buy remotely?

Yes. We offer:

• Virtual viewings

• Power of attorney signing

• Full remote management

Which properties are most in demand?

• Villas with swimming pools

• Sea view properties

• Licensed rental properties

• Country houses

How do I start the buying process?

1. Contact us

2. Define your needs

3. Property selection

4. Viewings

5. Legal process & signing