2020 Annual Ibiza Property Market Report and 2021 Forecast

This 2020 annual property market report and predicted forecast for 2021 has been provided by Prestige Properties Ibiza, which summarises key trends and patterns in the current Ibiza and Balearic housing market, with statistics and impressions from both internal and external sources as documented.
The analysis covers four significant points and primarily draws upon data and figures received throughout 2019 and 2020.

The Ibiza Property Market Report has been broken into four sections as detailed below:

  1. The General Balearic Property Price Curve
  2. The Ibiza Property Price Curve
  3. Prestige Ibiza Luxury Housing Market Report 2020
  4. The Forecast for 2021

The General Balearic Property Price Curve

The general real estate market across the Baleares has demonstrated a durable and stable rhythm in both consumers and house prices over the past 10 years. Following the financial crisis in 2007, the real estate market took a steep drop from its peak, which later stabilised and found a steady recovery from 2017 onwards.

Ibiza Property Market - Evolucion del precio de la vivienda en Islas Baleares

The year 2020 is the first year to have both a marked price and sales drop since 2017, suggesting the overall market is experiencing slight fatigue.
According to Tinsa (2021), the average house price throughout the Baleares shows a decline of 1.4% throughout 2020.

However, given the uncertain circumstances relating to the global economic system, individual employment conditions, lockdown enforcements, and travel restrictions related to COVID-19, these statistics are to be more than expected and are a direct result of less movement within the property market industry over the past year.

This is data further supported by EpData (2021) who also identify a clear drop in property sales across the Baleares from 2019 to 2020. Published data by the General Notary Council declared the number of sale transactions at a total of 1,124 in January 2020, representing a year-on-year decline of 1.92%. This in turn may also have influenced the beginning of house prices gradually dropping, even before the start of the pandemic, although we cannot be certain.

The Ibiza Property Price Curve

However, when discussing the rise in the general property market price curve in the Baleares before 2020, one of the most notable and major contributions to its recovery and growth lies in the luxury real estate market here in Ibiza.

Here, we find the inflation of luxury housing as a weighty contributor to the upsurge of the overall general property market price curve, and a palpable influence in the continuing momentum from 2017 onwards.

Ibiza has become, by comparison to anywhere else in Spain, including the leading cities of San Sebastian, Barcelona, and Madrid, an exceptionally valuable island, with average property prices rising above 56% in the past five years with a year on year progress – El Pais, 2019

These figures over the past five years correlate with the immense interest and pursuit for homes from non-resident and overseas buyers. The demand for luxury properties has gone from strength to strength, and the Ibiza property market has ever since seen a rise in the value of our homes.
This immense pursuit from international clients has led to the high-end property market in Ibiza finding itself with an occurrence of a low supply versus a high demand, and low supply effectively means that many villas and properties are stamped as a rare product.

Naturally, where there are demand and rarity, areas become highly sought after, and even those smaller, lower costing properties, terrace housing, and apartments have taken a significant leap in value too, creating an unwavering price curve for the whole of the Baleares.

The Ibiza 2020 Luxury Property Market Report with Prestige Properties

The year 2020, although unstable in almost every sense of the word, has surprisingly followed the trend of increase here in Ibiza, with similar patterns starting to emerge in 2021.

It must be noted this ‘increasing price curve trend’ can only be considered when discussing the luxury housing market, whereby the majority of properties in question are related to international second-home buyers, that are seeking and purchasing housing at the top-end of the Ibiza property market values. Our internal statistics from our sales database with Prestige Properties Ibiza between 2019 and 2020 calculated an average increase in price per square metre, from 6.665 to 7.021€ (approximately 6% increase), with the same number of sales recorded.

Overall a very minor 1.1% decrease was noted on the total Euro expenditure from purchasing properties over the entire year. Even with global lockdowns, business closure for three months, and multiple travel restrictions, the luxury housing market has remained strong, just like our year-on-year statistics which have remained very firm and very positive.

Ibiza Property Market - Avg. Price per square meters 2019 2020

Property investment in Ibiza throughout 2020, specifically in the luxury housing market, has been incredibly safe with values very attractive on a global standard.

Although the general property market price curve and sales demonstrate a slight dip and fatigue over 2020, the luxury real estate across the island of Ibiza, has demonstrated a noteworthy difference to the overall general statistics, with a continuation of increase that is inevitably supporting the overall market happenings.

The Luxury Real Estate Market

Ibiza is clearly distinguished by many exclusive and high-end properties. In each municipality prime housing has always been highly sought after. The luxury second-home real estate sales market has been very active throughout the health crisis and our annual statistics have confirmed our speculation (among our partners and collaborators), the interest in Ibiza has grown during the health crisis, with more and more clients looking to fulfill their dream life, in a more natural environment, away from the inconveniences of the large metropoles.

From February 2020, just before the first announcement of a global pandemic, we see a consistent and steady flow of users over the year visiting our website with the same usual peak over the summer months where tourism enquiries are more active.

Ibiza Prestige Properties - 2020 - Monthly Traffic (Num. Users)

The island of Ibiza is an exceptionally diverse culture attracting many communities predominantly from across Europe with International buyers dominating the luxury real estate purchasing market.

Our internal data demonstrates the majority of international interest throughout 2020 were the British population (23%), with an almost equal distribution of nationalities from France, Belgium, Germany, the Netherlands, and the United States visiting our website as confirmed users.

Ibiza Prestige Properties - 2020 - Audience Geography

Whilst the Spanish and Italian nationals came into second and third place, these statistics are more likely to be reflective of the tourism market rather than the luxury housing market, as these two nationalities are not the most common buyers in Ibiza within the luxury real estate market.
Undeniably, fewer clients viewed properties due to travel restrictions throughout 2020, but those determined to purchase a home in Ibiza, continued on their buyer’s journey successfully, giving us great confidence to face next year with optimism and positivity.

Our speculation is strongly supported across the board with reports that "Spain’s luxury real estate market remains patient, contemplative and sound. Almost immune to price indentation in other segments of the sector, luxury housing has been sheltered in a trench of owners who resist lowering their properties, knowing that this market plays in another division." – El Pais Economia, 2020

Since the beginning of the pandemic, peace, and tranquility, away from risk, quarantined cities and schools, ecological land, fresh air, and less overcrowding are high on the buyer’s agenda.

Ibiza Property Market Forecast 2021

House prices in the luxury Ibiza property market are expected to remain stable in 2021 with anticipated growth and continued progress at a steady and stable rate.

It is still undoubtedly the international buyers and overseas investors who continue to be Ibiza’s leading audience with second luxury homes being the main conclusive factor for this continuation in momentum, setting the scene in the luxury home sector both now and in the future.

With the consideration that the early months of any new year are relatively quiet for any industry, the current interest in the early part of Q1 2021 has already seen a determined continuation of an increase in both property values and sales. We anticipate a very mature and sustainable market consisting of long-term stability, growth, and strength, which indicates a continuous and positive future market in 2021.

The anticipated drop of sales and property prices across the Baleares due to the pandemic excludes the luxury housing market here in Ibiza. However, it must be noted there are no signs of crisis in the property economy thus far, and we expect to see a positive continuation of the general Balearic property price curve as we begin to move towards normality in the future.

Consideration must be given to the potential opportunities available across the general Balearic market. Smaller plots of land and housing investments currently valued at lower rates are likely to have a very short expiry date. Once the pandemic relaxes and we begin to return to normality, these opportunities will likely cease to exist as property prices are likely to get back on the same path of increase as before, especially as the luxury housing market and desirability for Ibiza has not wavered in the slightest over 2020.

Prestige Properties ‘Fun Facts’ 2020

With the 2020 Ibiza Property Market Report and 2021 Forecast heading in the right direction for a positive future, we thought it would be fun to add a few additional points to our article. Here are a few of our top viewed properties over the course of the year. We hope you enjoy ‘through the keyhole’ at our most desirable luxe properties below.

Penthouse Es Pouet – 17,488 views

Asking Price: 3,295,000 € – Removed from Market for a Long Term Let Agreement

Penthouse Es Pouet Ibiza
Penthouse Es Pouet Ibiza
Penthouse Es Pouet Ibiza

Villa Calypso Cala Salada – 12,807 views

Asking Price: 2,350,000 € – SOLD

Villa Calypso Cala Salada
Villa Calypso Cala Salada
Villa Calypso Cala Salada

Villa Estels San Mateo – 8,532 views

Asking Price: 5,950,000 € – SOLD

Villa Estels San Mateo
Villa Estels San Mateo
Villa Estels San Mateo

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    Discover the island’s secrets with My Ibiza and Formentera

    We would love for all our clients, who have placed their trust in us with purchasing or renting a property of their dreams in the past, to also have a unique memento of Ibiza: a special piece of unique treasure that uncovers some of the most unknown secrets of Ibiza: My Ibiza and Formentera – The True Insider’s Guide.

    This guide is a must-have for any traveler visiting our island, as well as for residents that want to discover everything both new and old about Ibiza; as stated in the New York Times article:

    "My Ibiza and Formentera, a new (and very necessary) guide".

    Its creator Hjordis Fogelberg tells us that her latest updated edition is full of useful tips and all types of recommendations. As explained by Hjordis: "my parents arrived at Ibiza with the first wave of hippies during the 60s. I spent summers barefoot, my skin was tanned and my hair was faded by the sun". As a result of her knowledge and passion for the island where she was born, any person that buys her books will instantly become part of authentic Ibiza. Things that are a must when you are visiting the west side of the island, recommendations for practicing sports, the best spots to view the sunset, culinary experiences, events, and especially culture, a lot of cultures, are the ingredients of this book!

    Fogelberg was also a pioneer as co-founder and collaborator in creating magazines Pacha and Best of Ibiza; milestones that completely changed the advertising style of the island, beginning with the fad for discotheque sponsored magazines, which are still being printed to this day.

    A particularity about this guide is that all the illustrations have been created by the author. My Ibiza and Formentera is a very visual publication, its illustrations show different landscapes that highlight the beauty of our island: from the authentic country lifestyle, to the architecture of the old city or the properties that represent the essence of Ibiza. This edition is easy to read and is arranged by different contents to include a brief history of Ibiza, an index of interesting words, an extractable map you can carry in your pocket, and even a lunar calendar.

    We are very happy to collaborate on this project by sponsoring the back cover of the latest editions. From Prestige Properties we want you to take a little piece of Ibiza with you wherever you go with the hope of turning our island into "your Ibiza".

    Follow "My Ibiza and Formentera" on Instagram

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    Order the 2022/23 Edition on Stanfords.co.uk

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      Ibiza COVID-19 News 2021

      Updated – September 28, 2021

      From September 28, 2021

      The latest restrictions are as follows:

      • In Ibiza, the plan is to "return to normal" from September, 28.
      • Nightlife (pubs and bars) can be extended now until 4 am unless any specific municipality establishes its own local restrictions.  
      • Similarly, nightclubs can open until 5 am with specific conditions (outlined below) 
      • In restaurants, diners per table are currently without limit, restaurant terraces can operate at their maximum capacity with internal spaces hosting a maximum of 75% in all hospitality venues
      • There are no longer any night-time mobility restrictions, nor group reunion restrictions in public and private spaces
      • Gyms are able to operate at 100% capacity and wearing a face mask (covering nose and mouth) is obligatory
      • Cultural activities may take place with a maximum of 2500 people in exterior settings, 1000 people may stand, the rest seated, and 500 people maximum in interior settings, all must be seated. 
      • Face masks are to be worn when it is not possible to maintain a safe distance of at least 1.5 metres, both indoors and in outdoor settings.

      Nightclubs in Ibiza to open on October 8th 2021.

      The guidelines at this point include the following:

      1. COVID-19 pass required to enter (green pass – pending approval of the Balearic Superior Court of Justice)

      2. Masks to be worn at all times (unless seated at tables for consumption)

      3. Social distance of 2 metres to be maintained at all times

      4. Maximum capacity of 75%

      5. Closing time is 5 am




      Updated – September, 15 2021

      From September, 15 2021

      The latest restrictions are as follows:

      • In Ibiza, the maximum number of diners per table is 12 for outdoor seating on restaurant terraces and 8 per table for indoor seating which can be from different households in all hospitality venues.
      • Restaurants and bars may open uninterruptedly every day of the week in Ibiza, both indoors and outdoors until 02:00h.
      • There are no night time mobility restrictions, except you cannot be in reunion with people on the beaches or public park areas during the hours of  02:00h – 06:00h. 
      • Wearing a face mask (covering nose and mouth) is obligatory when it is not possible to maintain a safe distance both indoors and in outdoor settings.



      Updated – July, 19 2021

      From July, 19 2021

      The latest restrictions are as follows:

      • In Ibiza, the maximum number of diners per table is 8 for outdoor seating and 4 per table for indoor seating (with a maximum of 50% capacity for internal seating), which can be from different households in all hospitality venues.
      • Restaurants and bars may open uninterruptedly until 01:00h every day of the week in Ibiza, both indoors and outdoors.
      • Smoking at restaurants is prohibited both indoors and outdoors.
      • There is no curfew in place, but you cannot be in reunion with people from outside your household between the hours of 01:00h – 06:00h. 
      • In outdoor places, including beaches, there is no limitation of number of people in a group, however, the security distance of at least 1.5 metres should be maintained, and where this is not possible masks should be worn. 
      • Meetings at private dwellings and in public are also without limitations, however it is recommended to take precautions and maintain preventive measures.
      • Shops may open with a 100% capacity in large commercial areas as well as smaller businesses.
      • Cultural events whereby the public must remain seated can be held at max. 75% capacity, with a maximum of 2500 people in open air spaces, and 500 people in enclosed spaces. A 100% capacity is allowed for groups under 300 participants. All events must end at 01:00h.
      • Sports events can be held at a maximum of 50% with a maximum of 2500 persons in open spaces and a maximum of 500 persons in closed spaces.
      • Wearing a face mask (covering nose and mouth) everywhere in urban / populated public indoor spaces, including at restaurants while waiting for drinks and food, is strongly recommended. It is not mandatory to wear a mask outdoors (although this is highly recommended by the government) unless a safe social distance of 1.5m cannot be maintained between non-cohabiting household members.  

      FINES

      • Shops and supermarkets are not allowed to sell alcohol after 22:00h with a minimum fine of 5,000 €.
      • Taking part in illegal gatherings and/or parties after 01:00h, fines can range from 1,000 € to up to 5,000 € per person.

      VERY IMPORTANT FOR HOMEOWNERS:

      If illegal parties take place in a rented villa, the owner of the villa will have to notify the details of the tenants and the promoters of the party to the authorities, or else the owner will also be fined up to 600,000 euros.



      Updated – June, 19 2021

      The latest restrictions are as follows:

      • In Ibiza, the maximum number of diners per table is 12 for outdoor seating and 6 per table for indoor seating, which can be from different households in all hospitality venues.
      • Outdoor terraces can be occupied at 100% of their restaurant capacity
      • All restaurant interiors can be occupied at 50% of their capacity 
      • Sitting at bars is now possible, however guests must be eating and in a maximum group of 2 people with 1.5m distance between groups.
      • Restaurants and bars may now open uninterruptedly until 02:00h every day of the week in Ibiza, both indoors  and outdoors.
      • Smoking inside of restaurants is prohibited.
      • The curfew is now lifted
      • In outdoor places, including beaches, the maximum number of people is 15, but they can be from an unlimited number of households.
      • Meetings at private dwellings and in public are now without limitations, however it is recommended to take precautions and maintain preventive measures.
      • Shops may open with a 100% capacity in large commercial areas as well as smaller businesses.
      • Places of worship can now open to maximum capacity.  However, group ceremonies can host a maximum of 50 persons in interior premises and 100 persons on exterior premises.
      • Wearing a face mask (covering nose and mouth) everywhere in public, including at restaurants while waiting for drinks and food, is required up to June 26th June.


      Updated – June, 6 2021

      The latest restrictions are as follows:

      • In Ibiza, the maximum number of diners per table is 8 for outdoor seating and 4 per table for indoor seating, which can be from different households.
      • Terraces can be occupied at 100% of their capacity (max 250 customers)
      • All Interiors can be occupied at 50% of their capacity (max 150 customers)
      • Restaurants may now open uninterruptedly until Midnight every day of the week in Ibiza both indoors  and outdoors.
      • Smoking in public remains prohibited.
      • The curfew is now lifted, except on the beaches, which "close" between  the hours of 22:00h – 06:00h
      • In outdoor places, including beaches, the maximum number of people is 15, but they can be from an unlimited number of households.
      • Meetings at private dwellings allow for up to 15 people outside, and indoors up to 10 people.
      • Shops may open until Midnight, with a 100% capacity in large commercial areas as well as smaller businesses.
      • Places of worship can now open to maximum capacity.
      • Wearing a face mask (covering nose and mouth) everywhere in public, including at restaurants while waiting for drinks and food, is still required. 


      Updated – May, 23 2021

      From May, 23 2021

      The latest restrictions are as follows:

      • In Ibiza, the maximum number of diners per table is 4, both outdoors and indoors, and the 4 individuals can be from 4 different households, unless the group is from the same household (parents with 3 children for example), in which case they can be seated together.
      • Terraces can be occupied at 100% of their capacity (max 250 customers)
      • In Formentera, eight people can be seated at a table outdoors and four indoors. Interiors can be occupied at 50% of their capacity (max 150).
      • In Ibiza, Interiors can be occupied at 50% of their capacity if no terrace area is available, restaurants with terraces can occupy interior spaces up to 30% (max 150 seated indoors).
      • Restaurants may now open uninterruptedly until 23:00 every day of the week in Ibiza and 23:30 in Formentera on their exterior terraces.
      • Interior restaurant spaces must close at 18:00 every day
      • Smoking in public remains prohibited.
      • The curfew is now from 24:00 hs06:00 hs.
      • In outdoor places, including beaches, the maximum number of people is eight, but they can be from an unlimited number of households. Meetings at private dwellings allow for up to six people, indoors the six people cannot be from more than 2 households, but in the outdoor (garden etc.) they can.
      • Shops may open until 22:00, with a 100% capacity in large commercial areas as well as smaller businesses.
      • Wearing a face mask (covering nose and mouth) in public, including at restaurants while waiting for drinks and food, is still required.


      Updated – May, 14 2021

      The Government has announced that Spain is no longer in a state of alarm and that Ibiza goes down to Level 1 in the de-escalation process as of May 9.

      The latest restrictions are as follows:

      • The maximum number of 4 diners per table is maintained, and the 4 individuals can be from 4 different households, unless the group is from the same household (parents with 3 children for example), in which case they can be seated together.
      • In Formentera, four people can be seated at a table indoors and six outdoors.
      • Terraces can be occupied at 100% of their capacity and may now open uninterruptedly until 22:30* every day of the week.
      • Restaurant interior spaces remain closed and smoking in public remains prohibited.
      • The curfew remains from 23:00 hs – 06:00 hs.
      • In outdoor places, including beaches, the maximum number of people is six, but they can be from an unlimited number of households. Meetings at private dwellings allow for up to six people, indoors the six people cannot be from more than 2 households, but in the outdoor (garden etc.) they can.
      • Shops may open to 22:00, with a 100% capacity in large commercial areas as well as smaller businesses .
      • Wearing a face mask (covering nose and mouth) in public, including at restaurants while waiting for drinks and food, is still required.

      *We are expecting that bars and restaurants will be able to open their interior seating areas from May 23, but only for those who do not have an outside terrace space for customers.



      Updated – April, 23rd 2021

      The Government has announced that Ibiza will remain on alert level two. All new measures will take effect this Saturday 24th April, and will be in force until May 9.

      The latest Phase 2 restrictions are as follows:

      • The maximum number of 4 diners per table is maintained, but the limitations of non-cohabiting groups on outdoor terraces are eliminated (therefore, 4 individuals can now join each other from 4 different households), unless the group is from the same household (parents with 3 children for example), in which case they can be seated together.
      • Terraces may now be occupied at 100% of their capacity and may open in two shifts, the first closing at 17:00, and the second opening from 20:00 to 22:30 from Monday to Thursday (Ibiza dinner’s are back!)
      • Restaurant interior spaces remain closed and smoking in public remains prohibited.
      • The curfew has been extended until 23:00.
      • The limitation of non-cohabiting groups is also eliminated for meetings in exterior spaces, including beaches, with a maximum of six people.
      • Meetings at private dwellings allow for up to six people, indoors the six people cannot be from more than 2 households, but in the outdoor (garden etc.) they can.
      • Shops may open to 21:00, and are extended up to 50% capacity in large commercial areas; small businesses may remain up to a maximum capacity of 75%.

      COVID-19 infections in Ibiza & Formentera have stabilised (today 112 active cases). Small groups have started vaccinations, which is to be accelerated in numbers, and the health situation continues to improve. However, the need for caution remains (especially with the British variant being more contagious) in order to safeguard tourism and the summer season ahead.



      Updated – March, 15th 2021

      On Friday 12th March 2021, the president of the Govern, Francina Armengol, announced a continuation of a "slow" descaling of restrictions for Ibiza.

      The descaling measures are highlighted below and are set to be reviewed again on April 9th.

      • Ibiza commences Phase 3 on Monday 15th until April 11th
      • Curfew is maintained from 22:00 hours to 6:00 in the morning
      • Bars and Restaurants can open their outdoor terraces up to a 50% capacity with a maximum of 4 heads per table, from 2 separate cohabiting households
      • Closing times for all hospitality premises is 17:00
      • Social gatherings may be held with a maximum of 6 people from 2 cohabiting households inside and outside, including beaches, and with masks
      • Shops remain open with a capacity of 50%, also now including larger-scale premises
      • Shops to close at 20:00
      • Visits to health centres and nursing homes can return to normal
      • Gyms can open again with a 30% capacity

      From 26 March to 11 April, (Easter) to prevent "social relaxation", and a post-Christmas effect, only people from the same household can be inside a private property, four people from two households in public property and a maximum of up to 6 people from two households in the outdoors.

      TRAVEL UPDATE:

      From Monday 15th March 2021, Ibiza and Formentera will open their perimeters, which means that ports and airports will allow travellers to enter the islands without needing to prove "special circumstances".

      This means movement between the Balearic Islands is relaxed.

      Ibiza will accept international travellers, who will be asked to fill in an official health form via an online QR code as well as a negative PCR result from the previous 72 hrs.

      To read the full press release please visit: Ibiza pasa a Nivel 3 hasta el 11 de abril: terrazas abiertas al 50% solo hasta las 17 horas – Nou Diari

      We will endeavour to send out the latest Ibiza Covid-19 News Update when the current restrictions have again been reviewed.

      Covid update Ibiza nivell 3 March 2021


      Updated – February 12th, 2021

      Dear readers,

      If you are considering visiting Ibiza during the season of 2021, we would like to reassure both tourists and second-home visitors that Ibiza is set on a positive path and is looking to remain open and ready to welcome you.

      Recently, there have been some unreliable news stories and rumours circulating regarding Spain being closed to tourists next Summer. This is due to a few controversial statements made by the government last month, which we would like to clarify.

      In late January the Balearic government ordered the perimeter closure of Ibiza, meaning that travel to and from is restricted to those with justifiable reasons (work & health), which has been extended until March 1st. This is to ensure the island minimises all immediate risks and normal travel is planned to resume as soon as current Covid-19 numbers stabilise and/or decline.

      While we can’t confirm if travel restrictions will be extended in the coming weeks, official statements are all pointing towards unrestricted travel for Easter and the spring season. Travelling from within Europe will be possible with a negative PCR test, filling out a simple health form with a QR code at arrival and, naturally, respecting any safety measures and regulations in place.

      The general expectation is that we will see a season similar to that of 2020, whereby everyone is welcome and able to enjoy their surroundings, with outdoor activities and social events, such as relaxing on beaches, swimming, sporting activities, eateries, including beach clubs, walking, and exploring the island, continuing as normal. The only main difference compared to pre-Covid-19 seasons, will be the closure of night clubs and large-scale overcrowded venues, including some hotels, which are likely to remain closed (which is what the government was in fact referring to when it made its statements regarding tourism in 2021).

      We hope that this information has been useful and we will endeavour to send out an Ibiza Covid-19 News Update once a month, to keep you informed. For any more specific questions regarding travel or where to stay on the island; virtual property viewings or the virtual property purchase process, please do not hesitate to contact us!

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

      Please Note: All information given may be affected during the COVID-19 pandemic and current restrictions. Please ensure for any event or public activity that you are up to date and fully informed.

      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 living in the countryside – why Ibiza is an ideal option

         

        Living in the countryside, surrounded by nature, and incorporating a more sustainable lifestyle has never been a more desirable life choice, than this year 2020, since the start of the pandemic.

        From the summer of 2020 and onwards, the media have been reporting the consistent interest of the general population to escape from the globe’s busiest cities and to return to the countryside, whether in the short or long-term. People have been actively fleeing overcrowded cities, noise, and pollution, and alternatively seeking a drastic change, with life out in the open, in quiet and sparsely inhabited spaces; all to be as far away as possible from the adverse effects of the virus.

        One of the main benefits of living in the countryside is the purity of the air. The reason is very simple, the low volume of vehicles and environmentally damaging components mean air pollution is low. In fact, a study by the UK’s Department for Environment, Food and Rural Affairs reveals that people living in the countryside have fewer respiratory problems due to this very reason.

        COUNTRYSIDE OF IBIZA

        Personal well-being and the practice of "Slow Living" is also a key benefit of countryside living. A lifestyle that invites individuals to become more aware of themselves, achieving a greater connection with Mother-Nature, and ultimately appreciating all that is good and beautiful in their surroundings and daily lives.

        Imagine the scent of a wild rose… Or the sound of goldfinches singing and fluttering around at sunset… In practicing mindfulness, we learn to appreciate the beauty of nature and the multiple benefits of the rural world, developing an inherent sense of gratefulness, which is said to increase happiness and general well-being. Through slowing down and developing awareness, we ultimately improve our mental health and prevent disorders such as stress and anxiety.

        Adapting to a "slower" lifestyle can initially feel difficult and the change quite abrupt. However, when considering our sensory dependence on the over-stimulation generated through contact with the city, initial ‘teething-periods’ and uncomfortable feelings are to be expected. Research demonstrates adaptation is usually quick and brings about very positive long-term changes, including an increase in energy due to the improvement of the quality of sleep, and its effectiveness in repairing and restoring cells to optimal health. In fact, in the United Kingdom and Ireland, doctors have begun to integrate into their prescriptions the idea of going for walks in nature as a measure to alleviate stress and improve mental and physical health.

        In July of this year, Esquire Magazine talked about ‘The New Ibiza’, in which it drew parallels with the Ibiza of the ´80s, where visitors flowed with the breeze and to the rhythm of the New Age sound of Sade, connected with nature and its artistic sensitivity. Maybe some of you still remember?

        Living in the countryside: The village of Buscastell, Ibiza

        Today, we wanted to introduce you to one of the "healthiest" and most natural villages on our island: Buscastell. This small village of about 1,000 inhabitants, located between San Antonio and San Rafael, in the center-west of Ibiza, is the picture-perfect setting for those interested in the benefits of living in a rural setting.

        Buscastell is an agricultural area with five square kilometers of fertile and cultivable land, distributed across beautiful Ibicencan terraces on different levels, and, not to mention, where the spring of es Broll resides, the most important aquifer of Ibiza. The feeling here is one of absolute peace and tranquillity.

        Amongst the orchards, the murmur of the water coming from the torrent follows its course with small rises, passing pools, and numerous canals and ditches whose origins date back to the period of Arab domination.

        It is here in Buscastell, where the prestigious architect Jaime Romano, created one of his most renowned projects: Villa Natura Buscastells. The property is the perfect blend of an authentic estate with all the modern comforts for contemporary living.

        This property for sale has a fertile 80,000 m2 plot of land, with enough space to have your own vegetable allotment, and even start a new business venture, using the area’s natural resources in a sustainable way.

        Villa Natura Buscatells Ibiza
        Villa Natura Buscatell in Ibiza's countryside
        Villa Natura Buscatells Ibiza's countryside

        The gardens are filled with flowers, plants, fruit trees, and a large vineyard as well as boasting an impressive 20-meter infinity pool, with plenty of chill-out spaces and outdoor showers.

        The 450 m2 house is located in the southern part of the plot. From the main room and all of the bedrooms, the views overlook the wondrous valley in front. The spacious living room and dining room linked with an open-plan approach and huge sliding glass doors connecting the internal and external areas. The kitchen is certainly one of your favourite spaces, perfectly equipped for authentic Ibicencan and homemade cooking.

        Villa Natura Buscastells also has a total of four spacious and luminous double bedrooms with en-suite bathrooms. The Master is an outstanding room with views over the valley and sliding glass doors that can be hidden into the walls, creating a unique open and infinite feeling with the great outdoors.

        If your dream is to be able to live with your family in Buscastells, don’t forget that the small village also has a public rural school for Infants and Primary School. And if you want to practice sport, there are also many routes and paths for hiking and cycling in the area.

        We want to promote the continuous journey of improving health and quality of life! Everything can start with a simple step; exchanging your busy city lifestyle for a country home on the wonderful island of Ibiza could be the first one to take.

        Interested in knowing more about the Municipality where Buscatell resides, San Antonio de Portmany? Then check out our in-depth guide and property article here.

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

          End of Year and Christmas Update 2020

          Christmas Greetings from our company Sales Director & Partner: Victor Van den Driessche

          Dear clients,

          On behalf of the entire team at Prestige Properties, I would like to wish you all a Merry Christmas and a very Happy New Year!

          This year, especially, we would like to say a special thank you to all our clients, for their support and trust during these difficult times. We hope you all are able to be with your loved ones during the holidays and we send our warm thoughts from the Island.

          Let’s all look forward to a happy 2021, staying safe and enjoying a lovely end to the year.

          Market News

          We would also like to take this occasion to give you some news about the real estate market in Ibiza. Surprisingly, the sales market has been very active and prices have remained stable throughout the health crisis.

          At Prestige, we are proud and thankful to say that our sales numbers are very similar to those of 2019, despite needing to close our office for approximately 3 months. Undeniably, fewer clients viewed properties due to travel restrictions, but those determined to purchase a home in Ibiza, continued on their buyer’s journey successfully, giving us great confidence to face next year with optimism and positivity.

          Selling prices have remained very stable throughout. Upon analysis from our sales database, we can see the price per square meter has risen from an average of 6.665€ in 2019 to 7.021€ in 2020. These statistics have confirmed our speculation (among our partners and collaborators), that the interest in Ibiza has actually grown during the health crisis, with more and more clients looking to fulfil their dream life, in a more natural environment, away from the inconveniences of the large metropoles.

          "The price per square meter has even risen from an average of 6.665€ in 2019 to 7.021€ in 2020"

          The rental market however has been more complicated, with a drop of approximately 50%, as a result of cancellations and ongoing restrictions. Naturally, these complications were to be expected, and we anticipate next summer will return back to normal. This anticipation is largely related to receiving more requests than ever before for Winter Rentals, with the bookings and enquiries also looking very promising for next season 2021 (don’t miss the early bird promo available until the end of 2020).

          Covid in Ibiza – Update

          The level of alert in Ibiza has just gone down from Level 3 to Level 2, on a scale of 4. Traveling to the Balearics is still allowed: all travellers (over the age of 6 years) must fill out a health control form and provide a negative-result from their Covid PCR test done in the previous 72 hours.

          Covid in Ibiza Update

          Ibiza is now in Alert Level 2: Medium risk sustained and widespread community transmission with increasing pressure on the health system. You can find all the information about traveling to the Balearic islands in the following link: https://www.caib.es/sites/covid-19/es/covid-19

          Winter Holidays on the Island

          Those relatively positive virus-related numbers are allowing us to receive clients in their second residence or in one of our rental villas for the winter holidays.

          Winter is a unique chance to discover the island during a very different time of the year and escape the very strict lockdowns of bigger cities. The majority of the island’s favourite local bars, restaurants, and markets remain open, and the weather is usually sunny and around 20ºc, so perfect conditions for outdoor sports, walks along the beach, or breathing in some fresh air in the lovely countryside.

          You can find more information about all the activities available on the island during the off-season in some of our most recent blog posts.

          Forecast for Season 2021

          At the moment we have no indication that the direction of the property sales market is going to change. We believe numbers will remain stable, or even slightly increase in 2021. We are still receiving continuous and serious interest from clients via all our channels.

          The beginning of the vaccine campaigns should mean that our office will be able to remain open all year and clients should be able to keep coming to the Island, even if safety restrictions and health measures still apply. The virus will not disappear for next season, but the local government has been proactively working on health control measures to ensure that the main economy is affected as little as possible next year.

          Most rental villas are seeing similar reservation levels to pre-Covid years, so we recommend our clients to get in touch with us as soon as possible if they are planning to come.

          With all this said, it is time to wish you again the most wonderful holidays and say goodbye, until next year!

          Victor Van den Driessche (Sales Director & Partner) 

          with Your Prestige Properties Team 

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

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