Professional Home Evaluations in Ibiza – Everything You Need To Know Before Selling Your Property in Ibiza

It can be a testing and complex process to sell a home in Ibiza. Nonetheless, if you work with a knowledgeable agent, you can maximise your chances of a successful, hassle-free sale.

Selling a home in Ibiza takes an average of 10 months. However, there are many things you can do to speed up the process with a little strategic planning and smart thinking.

Here is a guide to help you navigate the process of home evaluations and everything you need to know about selling your property in Ibiza.

Selling Property in Ibiza and Home Evaluation

Is it time to choose a reliable agent to sell your Ibiza property?

You might wonder if you even need an estate agent to sell your Ibiza property – and the answer is: No, you don’t – but you’ll wish you did. It’s not difficult to put up a sales sign and list your property on online portals such as Fotocasa and Idealista. However, working with a professional real estate agency with the right skills, knowledge, and infrastructure will make the whole process much easier – especially when completing a reliable evaluation of your Ibiza home.

You need to find a reliable Ibiza real estate agent to understand the local market dynamics. The demand for various properties, local valuation trends, and factors currently influencing the market, like seasonal fluctuations and increased peak activity, will all be under the belt of an experienced, knowledgeable and trustworthy agent. The best realtors will also take into consideration a property’s legal situation, its location, its immediate surroundings, its age, size, plot, and condition, as well as its style, amenities, and views. In addition, they can offer advice on how to prepare your property for an optimal sale, highlight unique features for increased value, and market it effectively.

Need more convincing? Check out our article here: "15 Great Reasons to sell your property with Prestige Properties". 

Selling Property in Ibiza and Home Evaluation

Getting ready to sell your home in Ibiza and preparing for an evaluation 

Getting a real estate expert to assess your property’s real market value can help you set a realistic sales price, prepare your property to an optimal selling standard, and sell more quickly. 

When a realtor visits your property for a valuation, he or she will conduct an inspection to identify any potential issues that may surface during the buyer’s viewing and to forecast a realistic and competitive price for your property. 

An experienced real estate agent knows how important presentation is for marketing your property effectively and can offer the best advice on how to portray it. Taking these simple steps will optimise your property’s chance of a decent valuation and quick sale:

  1. (un)Dress the home – remove all personal items, declutter and leave it as minimalistic as possible; add mirrors and plants; redecorate in neutral colours; have it as light as possible; remove any signs of pets or sources of unpleasant smells.
  2. Do the repairs – address any minor repairs or maintenance issues. A well-maintained home is more appealing to buyers.
  3. First impressions matter – ensure your home’s well-maintained exterior, with trimmed lawns, clean driveways, freshly painted façades and attractive landscaping.
  4. Professional photos & videos – Market your property well: have the most impressive presentation by taking the highest quality possible photos and videos to promote your property in its most appealing light (this is often included in the service of a professional real estate agency, especially when you sign an exclusive sales mandate).

Knowing the legal requirements and having your property’s documentation prepared will ensure that things will run smoothly and fast, with no unpleasant surprises either for the buyer or yourself. 

The following is a summary of the information required from the seller in preparation for the signature of the title deed (and ideally already in preparation for placing the property for sale so that potential buyers can have quick answers to questions related to the property’s documentation). 

Ideally, you will have: 

  • The Title Deeds to the property
  • Cédula de Habitabilidad (Valid)
  • Licencia and/or Final de Obra
  • Receipts for the local municipal property tax (impuesto sobre bienes inmuebles or IBI)
  • Copies of latest utility bills
  • Details of the community statutes (for apartments and gated communities) 
  • A list of any items of furniture, etc, which will be included in the sale
  • Your residencia card if you have residency status or NIE
  • An Official Energy Certificate (Certificado de Eficiencia Energetica) 

All these documents will help us understand your property’s legal situation, which will both help and impact the valuation process.

For a full list of the legal requirements and documentation needed to sell your property, check out Sellers Guide: How to Sell Your Property in Ibiza 


Getting a Realistic and Fair Evaluation for Your Ibiza Property

In our role as professional real estate agents in Ibiza, we will compare your property with properties that have been SOLD within the last six months with similar attributes. Market prices are always based on final sales prices. We never compare with properties that are still for sale. A slightly higher price can be tested first and adjusted if needed depending on the owner’s personal idea or timeframe. Keeping a bit of a negotiation margin in mind is also a good idea since clients often like to haggle –– but being open to what the market is willing to offer is always recommended especially if you want things to move faster and not drag on endlessly, risking also that your property will lose its value over time due to overexposure on the market.


Are you ready to sell your Ibiza property?

At Prestige Properties Ibiza, our extensive experience in the local market will help you find the right buyer in no time at all. We can confidently sell your home with great satisfaction. 

Our team is always ready to help you with your seller’s journey and will ensure you get the best opportunities with us, so why not get a free valuation with us today?



Do you have any questions or need more info?
Send us a message and we will get back as quickly as possible!

    The Costs of Owning a Property in Ibiza

    Buying a dream home in Ibiza is one of the most exciting things you can do. However, buying and owning a property in Ibiza comes with upfront and ongoing costs that all potential and active buyers must be aware of before signing on the dotted line. 

    It is crucial to consider the upfront costs associated with buying a property, such as the down payment, closing costs, and fees, but mostly forgotten are the ongoing costs, such as maintenance, taxes, insurance, and utilities, that will inevitably occur. A clear understanding of the costs of purchasing a home in Ibiza will help you determine if you are happy with the annual outlay.

    You can find our How to Buy a Property in Ibiza guide on our website; written with our buyers in mind and covering all those essential costs to consider when buying a property in Ibiza. But, in the meantime, let’s be clear about the ongoing costs of owning a property in Ibiza, so you know what to expect, once you call Ibiza your home.

    Costs of Buying and Owning Property in Ibiza - Prestige Properties

    The costs associated with Owning a Property in Ibiza 

    Multiple tax implications are associated with the cost of owning a property in Ibiza, Spain. To own a home in Ibiza, you must consider all tax implications -– so here’s a quick overview that will help you understand these costs.


    Understanding Property Taxes in Ibiza for Homeowners

    Your IBI (Property Tax)

    The IBI (Impuesto sobre Bienes Inmuebles) is a real estate municipal tax on properties in Spain that must be paid each year by property owners in Ibiza – regardless of whether you’re a resident or not.

    To figure the amount, the town hall assigns a value to your property known as the cadastral value. This value will be taxed at the same rate approved by each town hall within the specific municipality. 

    While IBI is charged as a percentage, the tax bill depends on the property’s cadastral value. This rateable value, in turn, is determined by a number of factors, which include the property’s:

    • Size and location
    • Construction costs
    • Title and lease details
    • Age and condition
    • Land characteristics
    • Proximity to public infrastructure

    Using this information, the local town hall compiles a report assessing the property’s rateable value and assigning a taxable "valor catastral" to each property in their area. These records are kept by the cadastral registry (which is different from the land registry office).

    When purchasing or interested in a specific property, the best advice is to ask your real estate agent for the most recent IBI bill of that property which will show the exact amount applicable for this specific property.


    Your Basuras (Waste Collection Tax)

    A local charge needs to be paid at the town hall where your property is located for rubbish removal. Each town hall determines the amount due, which varies from place to place. It is imperative to note that it is still necessary to pay for a property even if it is not occupied during the off-season. The town hall has the right to take legal action if payment is not made within a certain period of time.

    Typically, the waste collection cost when owning a property in Ibiza is around 90 euros annually.


    An Overview of Maintenance Costs when Owning a Property in Ibiza

    General Maintenance Costs

    All the additional services designed to maintain the property’s general condition and upkeep are included in the General Maintenance bracket. Property owners should expect annual costs of 1-2% of their property value to keep their houses healthy, fully maintained and stable. 

    These services may cover anything from basic repairs and house maintenance, home improvements, property management services, pest control, security checks, cleaning, gardening and pool maintenance. These include annual agreements, monthly advanced services, and one-off payments for individual services.

    Although these extra costs of owning a property in Ibiza may not feel necessary, the overall investment will ensure that the property’s value moves in line with the Ibiza property market trend (up!).


    Home Improvements and Renovation Costs when Owning a Home in Ibiza

    Property owners who rent their property will have higher maintenance costs, as rentals often require additional services and rental support which tend to arise from more wear-and-tear than non-rental properties. This may mean a higher budget for general yearly maintenance service is needed –– as well as regular home improvements and renovations to keep your home modern and up-to-date. 

    The purpose of home improvements is not only to enhance the living experience but also to increase the market value of the property and its rental potential. Landscape projects, energy solutions (e.g. solar panels), better water systems, interior improvements, carpentry, ventilation and construction are all great examples of these services and projects that may be noteworthy costs of owning a property in Ibiza. 


    Larger Renovation Projects

    In Ibiza, renovating a property can be a very rewarding experience, allowing you to create your dream home. It is also possible to reap impressive returns from a renovation project if planning and renovation are done properly – although there will be upfront and ongoing costs involved.

    Check out our guide on Renovating a Property in Ibiza – Everything You Need to Know if you’re thinking of buying or renovating a house in Ibiza!


    Costs of with selling a property in Ibiza

    Just as there are costs associated with the buying process, there are also costs associated with selling your property. Please check out our Seller’s Guide, which will walk you through all the relevant and associated costs when selling your property in Ibiza.

    If you have further questions about the costs of owning a property in Ibiza, why not chat with one of our agents? They can also assist you in finding a suitable property investment or help you list your house on the Ibiza market.

    We would love to hear from you! 


    Do you have any questions or need more info?
    Send us a message and we will get back as quickly as possible!

      Is Ibiza a good place to buy a property?

      Is Ibiza a good place to buy a property? The property market in Ibiza has always been reliable. There is no denying that our island’s real estate market has seen a significant influx of residents and foreign buyers, particularly in the luxury segment – and it has undoubtedly become one of the world’s top property hotspots. 

      Its idyllic location and high property demand have made Ibiza a safe investment for quite some time. As the current market stands, investing in a home in Ibiza makes for a secure return on investment, irrespective of whether it is residential, a second home, a villa for tourism rental purposes, or an early project phase property.

      In light of Ibiza’s vibrant property market, we are excited to share our latest market update showing why Ibiza remains a great investment.

      The island of Ibiza is not only an attractive investment but also one of the most sought-after locations in the world. Known for its pleasant climate year-round, natural environment, and extraordinary lifestyle, our island has much to offer. Our island’s picturesque beaches and sunsets, social networks, events, and laid-back lifestyle continue to attract many home buyers seeking a place in the sun where other international and cosmopolitan communities align. 

      Moreover, our island draws in many remote workers and entrepreneurs who can work from anywhere – including those with children due to its quality schools, natural surroundings and level of safety.

      Many visitors from afar are impressed by its increasingly easy international connection (not only direct from London, but direct flights from New York to Mallorca are now available, allowing you to reach Ibiza in approximately 8 hours), making travelling to and from Ibiza much simpler and more enjoyable.

      Prestige Properties presents Ibiza’s Luxury Housing Market 2022/2023

      Soon, we will be taking a look at the housing market statistics once again as we enter the last quarter of 2023. Yet, as far as we can predict and according to our internal insights, we have continued to rise since our previous audit. 

      Our 2022 annual market report and 2023 forecast shows that Ibiza’s real estate market has always been more resilient than our neighbouring Islands and Spain’s mainland. Ibiza’s luxury sector has experienced a considerable upturn since 2020 compared to our peers. 

      Our Prestige Properties Ibiza’s sales data for 2022 show the following:

      • An overall 10% increase in price per square metre between 2020 and 2022 across all areas on the island
      • Our sales volume doubled between 2020 and 2021 – and remained stable throughout 2022
      • An 87% rise in enquiries over the past two years
      • A drop of around 50% in (published) listings (suggesting a high demand versus low supply market)
      • 58% of our buyers purchased a property as a second home

      For our Full Market Report and more statistics, please visit our 2022 Annual Ibiza Property Market Report and 2023 Forecast.

      Overall, following the main boom of 2021 (which saw even higher numbers than the pre-covid highs in 2017), the market remains steady and continues to rise. With fewer sellers on the market, property values are predicted to increase as the race against a low supply continues, making this a good time and Ibiza a good place to buy a property.

      buying and selling of homes in the balearic islands 2022

      Ibiza Real Estate Properties for Tourism and Rentals

      Ibiza generally continues to grow, especially in the hospitality and tourism sectors, making it a premium place to travel. Due to this growth, housing and infrastructure demand has also increased, making it a good destination for those looking to buy a property for tourism purposes.

      Buying an Ibiza property with a current tourist licence is the ideal situation. The application process and legal certificate will already be completed, and, what’s more, regular tourism customers are likely to return to this same property and book their holidays year after year. Buying a property for tourism is a win-win situation. This type of investment will likely be fully booked year after year as the tourism industry is booming and its prestige VIP status continues upward.

      You can learn more about purchasing a property with a tourist licence or obtaining your own in our guide entitled How to Obtain a Tourist Rental License in Ibiza.


      Ibiza’s Real Estate Market for Long-Term Residents and Families

      Our island’s relaxed lifestyle and tranquil environment make it a popular destination for long-term residents, families, and professionals (young and old) who can work remotely. Those who can afford it will naturally prefer a purchased home over long-term rentals (which are also challenging to find). 

      The island is experiencing a sensational rise in interest as internationals and families become more active in their purchasing journeys, resulting in an increase in prices, a decrease in supply, and an increase in demand.


      So, is Ibiza a good place to buy a property and is now the right time?

      Overall, one thing is for sure: You’ll have a better chance of getting a decent return if you buy a property in a highly valuable location, highly sought-after and in constant demand. And, yes, Ibiza is most certainly one of those places!

      Are you looking to buy a property or luxury villa in Ibiza? Well, now is a perfect time!. If you want to view our Buyers Guide or speak with an agent about the current market and investment opportunities, contact us today

      We would be more than happy to talk you through Ibiza’s Real Estate potential.





      Do you have any questions or need more info?
      Send us a message and we will get back as quickly as possible!

        The Benefits of Owning a Luxury Property in Ibiza

        As Ibiza’s housing market continues to prosper, we are delighted to share why owning a luxury property presents many benefits.

        In recent years, Ibiza has seen a significant influx of new residents, international buyers, and tourists, particularly in the luxury market. As a result, the island has experienced a steady increase in property prices and a decrease of supply.

        It is often the case that prestigious properties in Ibiza are highly resaleable, usually due to their location, surroundings, and typical state-of-the-art amenities –– which attract buyers worldwide. Aside from their exclusivity and limited availability, these homes are often located in gated communities with 24-hour security or remote private locations. Owners can also generate a more lucrative income by renting out such properties at a higher rate, providing a great return on investment. 

        Read on to learn what it means to own a luxury property on the magic white island of Ibiza.


        The Exclusive and Prestige Status of Ibiza  

        Ibiza is considered one of the most prestigious tourist destinations in Europe for the elite. Our island is indeed renowned for its stunning landscapes, vibrant culture, and lively nightlife, but as time has passed, our A-list clientele has become more apparent. With world-class hotels, yacht charters, and VIP amenities and services –– Ibiza is now a hotspot location for those seeking a luxurious and exclusive lifestyle. 

        As a result, Ibiza has become a highly sought-after destination for celebrities, the wealthy, UAE travellers, ultra-high-net-worth individuals (UHNWI), and those with a prestigious status looking to rent luxury properties for both long-term and holiday use. In light of this, owning a luxury property here is becoming increasingly appealing. 


        Owning a Luxury Property in Ibiza Offers a Great Investment Potential

        Given Ibiza’s thriving real estate market and demand for high-end properties, we cannot emphasise enough the potential for a strong return on investment. In an era of shortages, exclusive properties are constantly in high demand due to their rarity. The fact that Ibiza will remain one of the top destinations for buying property in 2023 (and the foreseeable future) is a fact that we can confidently state.

        Generally speaking, the island continues to grow, especially in the hospitality and tourism sectors, and is becoming an excellent location to live in and invest in. Owning an exclusive home in Ibiza is still, and will continue to be, a sound investment that will bring financial rewards for many years.

        See here for our last full IBIZA & BALEARIC ISLANDS REAL ESTATE MARKET REPORT 2022 & FORECAST 2023


        Owning a Luxury Property in Ibiza comes with Privacy and Security

        A luxury property in Ibiza often combines an ambience of privacy and security with top-of-the-line security systems and gated communities. These safety and security features ensure that island residents enjoy their homes and surroundings while feeling protected. In particular, wealthy UHNWIs and royalty from the United Arab Emirates are likely to find this an essential factor when renting owned properties for their holidays. 

        It is well known that Ibiza’s luxury properties are designed with the highest degree of attention to detail and security, providing an elite and secure experience for its guests.


        Owning a Luxury Property in Ibiza Offers Exclusive Services and Amenities

        The ownership of a luxury property is also usually accompanied by a wide range of bespoke services and amenities, such as concierge services, high-level security, and high-end property management services. These services can ease the burden on any owner (especially those living on international grounds) by providing exceptional assistance tailored to their specific needs on a 24-hour basis to make life much easier.


        Are You Looking to Buy a Luxury Property in Ibiza?

        There are often some great investment opportunities here in Ibiza. But as the demand is almost always higher than the supply, if the perfect investment property is out there for you, actively registering yourself with the right agent as early as possible is highly recommended. 

        Why not chat with one of our agents to help you find a suitable property investment? 

        We would love to hear from you! 

        For regular updates, recommendations, and experiences, keep up to date with our latest news via our social media pages and blog posts.


        Do you have any questions or need more info?
        Send us a message and we will get back as quickly as possible!

          Why Working with a Top Luxury Real Estate Agency in Ibiza is Essential

          Living and residing in Ibiza sounds like a dream, right? And, whilst that may be true, purchasing a luxury property on the island can be far from easy, especially when handled by the wrong agency. 

          With our help, you can navigate the multiple dynamics within the real estate industry and find an agent who understands the market, resulting in an outstanding and desirable outcome for your purchase or sale.

          Read on to see our list of valuable tips to look out for when choosing a luxury real estate agency to assist you.


          Never Underestimate Professionalism and Experience

          Unfortunately, Ibiza has many amateurs at play-people who want to make big wins with little effort and no accountability. As a result, anyone with a website and some contacts can call themselves a realtor since educational training and certifications are optional for real estate agents in Spain.

          Always be sure to select an experienced agent in every sense of the word. You should always be able to visit a physical office in person to see how they work. Just as an expert in any industry has education, credentials, professional body certifications, and insurance, real estate should be no different. Look out for well-trained agencies registered and associated with professional bodies like PIMEEF and APIBIZA.


          Team Prestige Properties Ibiza

          An Established Real Estate Agent in Ibiza

          An established real estate agent will be well connected: demonstrating a comprehensive portfolio of direct listings and shared listings with integrity partners. They will be able to provide a full range of services to clients in collaboration with property managers, builders, architects, lawyers, notaries, and gestorias, all in a variety of languages as well. 


          Online Presence and Marketing Strategies

          A quick online search for ‘real estate agents in Ibiza’ is always essential. Real estate agencies that excel in their marketing and online presence will always rank higher in Google search results. Furthermore, their website will be user-friendly and feature a wide variety of nicely presented properties. Property descriptions should be detailed and well written, with professional photography and videos, and possibly even virtual 3D tours.

          Real estate agents with authority will also have regularly printed publicity through billboard advertising, company cars, public relations, and magazines. Finding out your chosen agency’s online presence, presentation and marketing strategy is a clear way to determine its strength in the real estate sector. This is especially important when selling your home.


          Choosing Your Luxury Real Estate Agency in Ibiza

          You may wish to speak to those around you who have recently worked with an Ibiza real estate agency and ask for recommendations. A referral can be a precious resource when selecting a real estate agent. However, if you are new to Ibiza, you may have difficulty finding a reliable recommendation. In either case, any client who plans to buy or sell a property (with or without recommendations) should follow the advice outlined below to ensure they work with a reputable real estate agent.

          1. Make sure you conduct thorough research, ask around and do not settle until you are confident you have found the right agency. Be sure to scan through testimonials and Google reviews to get a glimpse of the services and standards of your chosen agent. 
          2. Ask as many questions or request as much information as you need. Ensure that all fees, costs, and general agreements are clearly stated and that you are comfortable with them. You should always feel at ease throughout the entire process, that you are adequately informed, and that you can ask every question you have (regardless of how large or small it may seem). 
          3. Don’t hesitate to move on if you feel pressured to make a decision or if someone withholds information from you.
          Prestige Properties Ibiza office

          Are we the Right Luxury Real Estate Agent for You? 

          Buying and selling a home is considerably less stressful if you work with a professional real estate agency with the necessary skills, knowledge and infrastructure. 

          We hope our articles, "15 Great Reasons to sell your property with Prestige Properties" and "18 Great Reasons to Buy a Property with Prestige Properties" will give you confidence that there are luxury real estate agents in Ibiza that are every bit as reliable, trustworthy, and efficient as you had hoped for. 

          Thank you for staying updated with us at Prestige Properties. We hope to see you soon!


          Do you have any questions or need more info?
          Send us a message and we will get back as quickly as possible!