import and insurance
By localy is my advice too - not likely to be worth tha hassle and cost for paperwork and the import tax etc.
I did it from Sweden to Spain some years back and had to pay import tax even though I had own the bike for a while but kept it in Sweden. I failed to bring it in imidiately as part of my personal posessions while relocating.
I later relocated back to Sweden with my next bike.... Paperwork again. I wrote a step by step blog post about both imports.
As for insurance, check [URL="http://rastreator.com"]Rastreator.com[/URLIt is a search engine for insurance, you can compare prices etc.
Now I'm back in Spain with my Swedish registered bike... havn't decided what to do yet, I 'll have 6 month to decide wether I import it or bring it back to Sweden and sell it.
Good luck with whatever you do!
I'm in Barcelona too
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