Placing your Ibiza property on the market has never been more advantageous, with the island’s real estate sector reaching unprecedented highs. Prestige Properties Ibiza can help you navigate the process and sell your villa or apartment at a great price with ease.
Discover the essential guide to navigating the Ibiza property market, complete with the latest trends, legal advice, and expert tips for 2025.
Ibiza Property Market 2025: Opportunities and Insights
Ibiza is not only a world renowned tourist destination but also a top choice for international buyers seeking family homes, holiday retreats, or solid investments. The island’s mild climate, stunning beaches, vibrant atmosphere, unique character, excellent schools, and high standard of living all contribute to strong, ongoing demand.
Despite a slight cooling in sales during 2023–2024, the market has shown remarkable resilience. Limited supply and strong demand, particularly for luxury properties, have kept prices rising. In fact, while Balearic Islands sales fell by around 2.5% in 2024, average home prices increased by 9.4%, the highest in Spain.
Today, Ibiza’s property market is shifting from the frenzy of 2021–2022 towards a more balanced pace. Yet prices remain historically high, and prime properties are still selling quickly, often within months. Experts advise that now remains a favourable moment for owners to capitalise on strong values before any adjustments occur.
For a more detailed analysis, see our Ibiza & Balearic Islands Real Estate Market Report 2024 & Forecast 2025.
Selling your property in Ibiza with a trusted and reputable agency
Choosing the right real estate agent is essential. A knowledgeable, reputable professional who understands the local market can greatly increase your chances of a smooth and successful sale. With so many agencies and independent agents on the island, it helps to keep the following in mind:
- Professional credentials: Make sure your agent is properly qualified, with relevant education, certifications, and liability insurance.
- Official registration: Since November 2024, all agents in the Balearic Islands must be registered in the official regional registry. This regulation helps protect consumers from unqualified operators, so always ask for an agent’s registration number.
- Reputation and experience: Choose an established agency with years of local experience and positive references. A seasoned agent is more likely to price your property correctly and find a reliable buyer.
- Local and international reach: Ibiza attracts an international buyer pool. Your agent should combine regional expertise with strong international marketing and networks to maximise exposure.
Working with a trusted, well connected agency ensures your property sells faster and at the best price, while also taking the stress out of viewings, negotiations, and paperwork.
Explore our full Seller´s Guide: How to Sell a Property in Ibiza for practical advice, and everything you need to know before putting your home on the market.
How Property Prices Are Determined in Ibiza’s Real Estate Market
To achieve the best return when selling your property, setting the right asking price from the start is essential. We recommend basing it on a professional valuation from an experienced Ibiza agent. The island’s market is highly segmented, and values can vary significantly depending on factors such as property type, location, view, condition, and current buyer demand.
Key elements that influence your property’s value include:
- Location: Homes in prime areas, such as frontline sea views, command higher prices. Properties inland or in less prestigious zones may be valued lower. Proximity to beaches, scenic views, and neighbourhood reputation also matter.
- Property type and features: A modern villa or restored finca usually achieves a higher price per square metre than a standard apartment. Features like a pool, large plot, privacy, or architectural character can add significant value.
- Condition and amenities: Turnkey properties in excellent condition are often priced at a premium, while homes needing renovation or lacking amenities are valued more conservatively. Buyers in Ibiza, particularly at the upper end, pay more for quality finishes and immediate availability.
- Market conditions: Supply and demand at the time of sale will affect your achievable price. Scarcity of similar properties can push prices up, while softer demand requires more realistic pricing.
In 2024, the average price in Ibiza was around €7,300 per m², with a wide range: from about €5,000 per m² to €15,000–€17,000 per m² for the most exclusive properties. Apartments averaged roughly €6,500 per m², while villas and estates often exceeded €10,000 per m². This highlights how much location and property characteristics matter.
A professional valuation is vital to capture these variables and set a competitive price that attracts buyers while maximising your return. Contact us for a free valuation, our dedicated team will offer a reliable assessment with no strings attached, informed by the latest market trends.
The Legal and Tax Essentials of Selling Property in Ibiza
Selling property in Spain involves several legal steps, as well as specific taxes and costs. Every sale must be formalised with a public deed signed before a notary, who verifies that the property is free of debts, the paperwork is correct, and the title is properly registered. If you cannot attend the signing, a Power of Attorney can be arranged. You will also need to provide an Energy Performance Certificate and other supporting documents.
Given the complexity, most sellers choose to work with a qualified lawyer who can prepare the forms, manage tax filings, and even represent you if you are not on the island. Key taxes and costs for sellers:
- Municipal Capital Gains Tax: A local tax on the increase in land value during your ownership, capped at 20 years. If you sell at a loss, no tax applies.
- Capital Gains Tax (CGT): Charged on the profit from your sale. Rates vary depending on whether you are resident or non-resident, with possible exemptions or deductions.
- 3% withholding for non-residents: Buyers must withhold 3% of the purchase price and pay it directly to the tax office. This is offset against your final CGT bill.
- Professional fees: The seller usually pays the agency commission a percentage of the sale price and legal fees (often around 1%). If there is a mortgage, banks may charge a small cancellation fee.
Although the process can seem complex, with the right support it is very manageable. If you’d like to know more about property taxes, our Ibiza Real Estate Tax Guide 2025 offers a clear overview of the key costs and legal requirements.
Ready to Put Your Ibiza Home on the Market?
Handing over your Ibiza property should feel like an exciting and rewarding milestone. With the right real estate agency, one that combines expertise, market knowledge, and strong infrastructure, the process becomes far smoother and more efficient. We always recommend speaking with different agencies and, where possible, meeting them in person. This allows you to get a sense of their professionalism, marketing style, and understanding of the Ibiza market, helping you choose the partner you can trust.
At Prestige Properties Ibiza, our proven track record speaks for itself. In 2024 we achieved record sales volumes, with more than half of our listings selling within three months, a clear reflection of our effective strategies and international reach. We know how to connect the right buyers with the right properties, ensuring a successful and satisfying outcome.
For even more reasons to work with us, explore our article: 15 Great Reasons to Sell a Property in Ibiza with Prestige Properties. Our committed team is here to guide you at every step of your selling journey.
