Prestige Properties Ibiza – It’s the Season of Giving Back
Every year around Christmas, Prestige Properties supports a local charity. For 2021, we have chosen two charitable purposes: Ibiza Food Bank, which collects food for people in need, and Peacharoo, a caring heart who is raising funds to build a school for orphans in Uganda.
Ibiza Food Bank – Alleviating Poverty in Ibiza
Image: Food for Ibiza
Undoubtedly living through a global pandemic, for the last two years, has been quite challenging for everybody. While some were able to rearrange their way of living and working, others have lost their jobs, homes, and loved family members. Particularly here in Ibiza, people have suffered immensely due to the pandemic, as it has had a dramatic impact on the island’s economy. While many were able to work during the summer months, when tourism is booming, many fall into unemployment in winter.
As plenty of Ibiza’s inhabitants lose their regular income in winter, they must live from what they’ve earned during the high season, hence finding themselves in a miserable situation, with little or no income, no savings, and in the worst cases, without food.
Image: Food for Ibiza
For this reason, Ibiza Food Bank started their initiative, supporting those who cannot afford to buy food. Their volunteers collect food donations and cash donations across the island. The donated food is then sorted in Playa Den Bossa, stored, and distributed to their charity partners (The Red Cross, Caritas, Mother Teresa Food Bank in Jesus, Equip Voluntario, Food for Ibiza, and Doctors of the World). With their help, around 4000 people are being fed, weekly.
To maximise their time and donations, Ibiza Food Bank has partnered up with Carritos Solidarios, making sure to be able to provide enough food during the hard winter months. Together they place trollies at the entrance of around 70 supermarkets in Ibiza, which are accompanied by two volunteers in uniform, encouraging shoppers to leave dry food donations and sanitary items.
Image: Food for Ibiza
It is self-evident that feeding so many hungry people each week is a huge challenge. Furthermore, it is most likely that the number of people who depend on these donations will be rising. Besides their food donations, Ibiza Food Bank adds a 10€ voucher to the food pack to be spent in Spars supermarkets, which are located all around the island, making it easy for everybody to buy in a supermarket close to them. Furthermore, Ibiza Food Bank started a GoFundMe, where everybody can donate money easily, which is being used to top up the food parcels.
Camino de Santiago for Uganda Orphans
Image: BHHNP
Another cause, for which we decided to raise awareness and donate money to is Peacharoo Peachey’s charity. Peacharoo is a good friend of one of our sales agents at Prestige, who started the Camino de Santiago from Valencia by himself in October to raise funds for Ugandan Orphans in rural Kabale. To finance the Camino, he sold all his belongings, as he sees this opportunity as a personal challenge and a possibility to help these kids.
Image: BHHNP
Together with the local project BHHNP, his goal is to raise 70,000€ to buy land with school structures and to pay for the education of 163 orphans. All these kids have lost their parents to diseases. Some of them live with their relatives, others live in the wild, but all of them need food, love, and education. The local project’s objectives are to help the needy people and orphans in their community. It provides educational and medical services, to reduce the number of street kids and people in need. Currently, they are providing food, clothes, personal hygiene articles, and medical services.
Image: BHHNP
From Prestige Properties Ibiza, we want to bring visibility to some of the charity initiatives that are organised by different associations and people of Ibiza. It is paramount we see the island as a whole and with equal opportunities for all, and where there are inequality and need, we desire to stand together to make a difference and create long-lasting improvements for the health and well-being of our local community. Especially this year, with the global impact of the pandemic, we also wanted to focus on a charity abroad.
If you want to volunteer your time or get involved, check out the links below. Your support and help will be greatly appreciated by those who are struggling to care for themselves.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Private Jets in times of Covid-19: Meet Global Jet
Both commercial airlines and the general travel industry have been immensely impacted across the globe due to the effects of COVID-19. However, significant trends in the private jet industry and the luxury travel sector have actually demonstrated relatively positive impressions.
COVID-19 is subsequently changing the way those with disposable incomes view and approach travel today. Previously, flying privately was considered a grand experience, perhaps even unnecessary, even for those who have the finances to grant it. But, with COVID-19, flying privately has become a valuable asset, moving away from 1st class or business commercial flights directly into fractional ownership, full ownership and jet charter travel through private aircraft.
Similarly, whilst the rest of the world has experienced a halt in the travel industry related to hotels, package deals, rentals and holiday destination accommodation, the luxury travel sector in Ibiza has followed the same trend of increase. The interest in travel both through private means of transportation, luxury holiday villas for tourism purposes, as well as those seeking to purchase a new overseas-home, in a more natural environment, away from the inconveniences of the large metropoles, has in fact grown during the health crisis.
The company Global Jet have experienced first-hand the rapid movement in the private jet sector since the pandemic and have been working behind the scenes to ensure their services are at the very top of their industry. We are happy to introduce Global Jet to you as one of our partners and share some of their services that await you.
Global Jet has begun the summer 2021 by launching a brand-new website in English. A French, Spanish, Russian and Chinese version will be shortly available as well. It has been designed with a modern and new look with more functionalities and with more interactivities.
All Global Jet services are highlighted in an intuitive way where the end-user can easily understand their philosophy, high standards and activities.
The Charter & Brokerage side of the company has been highlighted through the website and gives the users the opportunity to directly request charter quotes online. From very light, mid-size and long-range jets, right through to VIP airliners, all aircraft are listed and are available for rent. Their dedicated brokers will find precisely what you are looking for at the best price available.
Users will discover Global Jet’s touch by seeing professional photos of aircraft’s, 3D virtual tours, videos, floorplans, range maps and other new functionalities.
The Aircraft Sales & Acquisitions page will allow a better search of the aircraft thanks to the new filter functionalities (Year, Price, Manufacturer). Moreover, the Aircraft Sale Process and Aircraft Acquisition Process are highlighted in order to bring full transparency to the client.
Furthermore, Global Jet has been very active in the development and implementation of their new brand identity.
Charter & Brokerage
Global Jet’s brokers are trained to find the most competitive flight solutions to fit your needs, while putting your safety first. No matter where you are in the world, a Global Jet specialist will be on hand to offer local knowledge on everything 24/7.
In the first semester 2021, Global Jet was proud to announce the latest additions to the charter fleet, a Falcon 2000LXS (based in Madrid) and a Global Express XRS. The Global Express XRS is designed to welcome 14 passengers with optimum comfort. The private jet is divided into three large zones, offering guests a maximum level of functionalities, luxury and relaxation.
Furthermore, the second semester of 2021 is promising with already 3 new aircraft in the pipeline for commercial operation.
A new web-cloud-based aviation software (LEON) has been implemented in the Charter & Brokerage team in order to gain efficiency and to support flight operations and scheduling. This new program will enable the sales, crews and operation teams to be even more reactive towards the clients and by always finding them the best solution regarding their needs. This tool streamlines and centralizes into one process the tasks from the different departments involved in booking and executing a flight. This allows the teams to process flight requests and answer questions swiftly with a high level of accuracy. Clients will also have access to the tool to monitor the state of their flights or flight requests, avoiding the need to wait for an answer. This new software is a significant added value for the company. Moreover, Global Jet has invested heavily these past 6 months into upgrading the LEON software to its specific requirements where they also introduced new accurate route calculation features where clients will benefit from.
Aircraft Management
Today Global Jet counts more than 70 aircraft under their fleet and about 10 aircraft in the pipeline, including a BBJ, a Falcon 7X, a Challenger 300 and a brand-new Gulfstream 650ER. Global Jet’s growth doesn’t stop there, since the beginning of the year 2021, they have already entered in their fleet a Global Express XRS (also for commercial operation), a Gulfstream 550, a Global 6500 and a Global 7500.
They continue to expand and enlarge their fleet with new types of aircraft. Even though 2020 / 2021 were tough years following COVID-19, they remain solid and have shown stable growth.
Aircraft Sales & Acquisitions
The market has picked up strongly this year 2021. At least we can say that the Aircraft Sales have been successful for the company in the past few months. In terms of sales, just to mention a few, three Global 6000, a Falcon 900DX Easy, a Falcon 2000LX, an Airbus ACJ318 ELITE, a Gulfstream 450 and a Legacy 650 have been recently sold thanks to the company’s expertise and the proactive and dedicated sales team. A number of transactions continue in the sales pipeline with the aim of completing the deals before the end of the year. Following this positive and ascending phase, Global Jet has managed to achieve new aircraft sale mandates including the most recent ones – a Global 6000 and a 2020 Global 6500 off-market. Two exceptional aircraft with low hours.
Aircraft sales also launched a new look across their marketing collateral, including advertising and aircraft specifications. The main purpose of the change was to further reinforce their high level of service, innovation, professionalism and is aligned with the new website identity.
Finally, in terms of Aircraft Acquisitions, Global Jet has acquired in the past few months a Pilatus PC24, a Global 5000, a Global 6000 and a brand-new Challenger 350 with a delivery in 2022.
Design & Completion Management
Once again, Global Jet confirms its leading position in the niche market of wide body completion management projects. In December 2020, a Boeing B787 was successfully delivered. This complex project was entirely managed by Global Jet from design coordination to the completion supervision at Lufthansa Technique to the final delivery to the client.
Furthermore, to continue on this ascending phase, they have also effectively delivered a VVIP Airbus 320 in February 2021 and are planning to finalize the completion and delivery of another VVIP Boeing B787 by December 2021.
These achievements are another milestone for Global Jet!
Operations
Global Jet has recently (Autumn 2020) obtained the Aruban AOC (P4) for commercial operation. The process of obtaining this AOC was very intense and the level requested was above any standard they have previously experienced. This achievement further demonstrates their high level of performance and is another added value for their clients. Today, Global Jet already has three aircraft under the Aruban AOC including an ACJ330 VIP, ACJ319 and B737 Cargo.
Their success doesn’t stop there, Global Jet is also proud to announce the obtention of their Polar route Approval for Global Jet Aruba. In fact, they are the first and only operator in Aruba and one of the few business jet operators in the world to hold and perform polar route operations, which helps to significantly reduce flight times! This means that they can fly straight over the North Pole and therefore optimize flight plans.
Global Jet continues to expand, 2021 is filled with new and interesting projects that will be shared during the year. Stay tuned for more…
Contact: [email protected]/ +41 22 939 30 85 for your Charter Requests.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Prestige Properties Sponsors UD Ibiza for 2021/22
We are both excited and proud to announce that we are now part of the UD Ibiza family.
Prestige Properties Ibiza and UD Ibiza have signed an agreement, by which our real estate agency joins the celestial family as Official Partner for this 2021/22 season.
We hope to help the club meet its targets, both now and in the future, in every way we possibly can. At Prestige Properties Ibiza, we find it important to accompany and support such leading social and sports projects on the Island. For more information on our corporate social responsibility (CSR) as a company, please read on below and follow the links to our most recent community contributions.
UD Ibiza
In 2015, Amadeo Salvo (previously chairman of Valencia CF Football Club, and actively Chairman of the Board of Directors of the multinational group, Power Electronics), and his family became president of the UD Ibiza football club.
The team has since been completely reformed, having made an incredibly quick ascent into La Liga Smartbank, the Spanish second league level of professional football.
Naturally, it is a proud and great moment to be part of such a wonderful project on the Island, uniting all supporters behind one team at a top national level.
With the football season kicking off from August 13 2021, we would like to take this opportunity to wish all the club and players the very best for the season to come!
Join us at Can Misses for the first ever professional football match on the Island and support the team on August 22nd!
Our company’s philosophy has actively started working towards a better balance between economic prosperity, environmental protection, and social stability right here in Ibiza.
Since 2017, we have made many conscious decisions to give charitably, utilising our gratitude to help others in the best way we can, and as much as possible. In recent years, Prestige Properties Ibiza has actively collaborated with many local community projects and companies through sponsorship and promotional campaigns.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Living in Ibiza: Life in San José (Sant Josep de sa Talaia)
San José (Sant Josep de sa Talaia), located in the west of Ibiza, is renowned for its incredibly authentic and tranquil repose. Anyone looking for a prime location to buy a property, or embark on a short-term tourist visit, will be pleasantly surprised at this unique Ibicencan village.
Sant Josep (as it is called in Catalan) offers spectacular surroundings, plenty of traditional charm, a local community and family-friendly atmosphere, with vast mountain landscape views, direct access to Ibiza Town, and quick accessibility to many of the encompassing beaches of the municipality, such the renowned hotspots like Cala Jondal, Sa Caleta, Cala Molí and Cala Tarida.
The traditional village is known as the ‘capital’ of the Sant Josep de Sa Talaia municipality, which sits perfectly at the foot of Sa Talaia, the island’s highest mountain, measuring 475 meters high. The beautiful main street and adjacent cobbled alleyways are complete with a central white church, a wealth of desirable restaurants, bars and cafés, a handful of boutiques, and a local craft market held each week throughout the entire year.
Although the area has become a high attraction to many new visitors and international clients, San José village is still very much a traditional corner of Ibiza, which is perfectly knitted together with old and new.
San José (Sant Josep de sa Talaia): The Church
Every village and town in Ibiza is marked with a traditional parish church at the centre, however, the San José Church is somewhat unique when compared to other villages. The whitewashed building is of an exceptional height with a façade next to the belfry bell tower, a wide portico, a sundial, three frontal arches, and a large separate entrance to the rectory.
The church is a regular tourist attraction for those cultured visitors on the island due to its magnificent interior design and artworks. Although many of the original works of art were damaged during the Spanish civil war in 1936, restoration took place in the late 18th century, making San José Church an incredibly beautiful and interesting visit.
The church of Sant Josep is still very central to the local townspeople with regular faith gatherings and early morning ringing of the bells throughout the village, where the monumental landmark stands as a proud symbol watching over the local Ibicencan community here.
San José (Sant Josep de sa Talaia): The Culture
San José village has gracefully held on to much of its original community spirit and historical architecture and is one of the few places left on the island where time seems to have stood still. The area is notable for locals regularly scattered, sitting on café terraces, hosting daily ‘meet and greets’ as part of everyday life under the shade of the village trees. San José is widely recognised as a village where locals outnumber tourists most of the year.
However, during the height of the season, Sant Josep also has a very inviting ambience and a casual yet vibrant evening life that openly welcomes tourism into its quaint traditional setting, which is perfect for indulging in some great gastronomic eateries and enjoying some fantastic live music.
San José (Sant Josep de sa Talaia): The Amenities
There are several supermarkets, a fishmonger, a butcher, two patisseries, various banks and a pharmacy, as well as plenty of smaller independent shops and boutiques to browse around during your San José visit, including many handmade ceramics stores, local fashion, home decor and artisan souvenir shops.
For such a traditional town, Sant Josep also offers a bounty of choices for gastronomy, from up-market eateries to pizzerias and local bars where you’ll appreciate extraordinary cocktails and live music. Look out for Raco Verd Ibiza serving healthy breakfasts through to afternoons and evenings of Spanish tapas and homemade Mexican cuisine. The beautiful bar and restaurant are set in a picturesque finca farmhouse garden, offering regular live music from both local and visiting artists, from Acoustic Rock, Jazz, Blues, and Bossa Nova through to authentic Flamenco Dance Shows.
Although not directly in the town itself, Can Domingo also comes highly recommended. A garden filled with the scent of wildflowers and tables nestled amongst the canopy of mature olive and fruit trees. Can Domingo is a pleasant dining experience with a menu presenting true Italian contemporary fine dining with a touch of tradition, reflecting the abundance of high-quality local produce and the providence of the Can Domingo organic garden.
Destino is located in the center of the village with a large outdoor terrace, directly in front of the church. Its cuisine is based on small tapas bites and an original menu, that come highly recommended among the local crowds. The owner, Claudio Radke, is of German and Moroccan origin, which translates into a varied, authentic and tasty cuisine.
Restaurant Es Galliner offers a typical Ibizan menu with plenty of Spanish classic dishes. The cozy, yet no-frills family-run restaurant has been open for over 14 years and still uses Mama’s secret recipes for their desserts, including their well-known Ibizan Mint Cheesecake (the flaó). With great reviews on Tripadvisor and a popular hang-out among locals, Es Galliner is one of the most frequented restaurants in the village. From morning breakfast through until lunch and dinner, the restaurant hosts an incredibly reasonably priced menu and a wide variety of plates to choose from.
Can Jeroni Cultural Centre is the main cultural centre located close to the village town hall. Here the local community and visitors alike can enjoy a trip to the town cinema and enjoy the regular shows and numerous cultural activities on offer throughout the year. Keep an eye out for their regular updates on their cultural calendar here.
San José (Sant Josep de sa Talaia): Ecological Food and Craft Market
San José offers an inviting and atmospheric weekly market, held every Saturday, throughout the entire year promoting the local artisan and ecological products of the island.
The ‘market-meeting-place’ overspills onto the streets and offers a wide variety of local farmers’ produce, street food, handcrafted artisan gifts including traditional wicker baskets, jewelry, local organic baked goods, leather goods, children’s soft toys, typical bohemian fashion, and plenty of local art.
San José Fiesta
Each town celebrates its own patron saint day with festivities and celebrations to mark the occasion. Usually set across an entire week, a program of cultural, gastronomic and musical events is organised through different associations and the local City Council. Every year around the 19th of March, Sant Josep hosts their patron day. A spectacular festival consisting of music concerts, a Flower Power party in the church square and plenty of traditional folklore performances. There’s always plenty of markets, food stalls, children’s entertainment and regular family activities to get involved in.
Properties for sale in San José (Sant Josep de sa Talaia), Ibiza
Those looking to buy a property in the San José (Sant Josep de sa Talaia) area are typically attracted to the authenticity of Sant Josep Village. This authenticity is mirrored by the type of properties for sale in the area. Homes are often of a classic Ibiza design with lush Mediterranean-style gardens and offer a certain warmth to their homes or villas.
If you are looking to buy a property in the area of San José then why not take a look at our in-depth guide on the Sant Josep de Sa Talaia Municipality here.
Our team is always ready to help you along your buyer’s journey and ensure you discover your dream home with Prestige Properties Ibiza – contact us today.
Check out our villas for holiday rental and properties for sale in the area of San José (Sant Josep de sa Talaia) here:
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
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:
The General Balearic Property Price Curve
The Ibiza Property Price Curve
Prestige Ibiza Luxury Housing Market Report 2020
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.
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.
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.
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.
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
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
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".
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
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 hs – 06:00 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.
We will endeavour to send out the latest Ibiza Covid-19 News Update when the current restrictions have again been reviewed.
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!
Living in Ibiza: Life in San Antonio – Debunking its Misconceptions
History of Ibiza Tourism
Ibiza is renowned globally as a destination for music lovers, clubbers, and party-goers alike. In the early 1970s, Ibiza began to see its first influx of tourism, and alongside tourism came the opening of many new nightclubs.
During the 1980s the night scene rocketed, with the emergence of ‘House Music’ by the 1990s. This led to Ibiza becoming one of the most desired travel destinations for music and nightlife.
This increase meant opportunity. Many local fishing towns started to see major developments, with brand new hotels, restaurants, bars, supermarkets, and other amenities rapidly establishing to cater to the demand, and profit from the tourism industry.
The Development of San Antonio de Portmany
San Antonio was one of these local fishing villages. The development of San Antonio quickly went from being a 2000-year-old fishing village and authentic port, to a leading holiday destination and large resort.
In turn, this placed incredible value on the area, with expats, particularly from Britain during the 80s and 90s making the dream move to the very ‘trendy’ San Antonio Ibiza.
San Antonio’s Misconception
San Antonio soon became the island’s point of reference for its lively nightlife, and over the past few decades, unfortunately, San Antonio Town has encountered many issues with hedonistic crowds during the height of the season. Effective action of curbing unwanted tourism and behaviour in the town has been taken very seriously, and over the last few years, local authorities have implemented policies to effectively minimise the nuisance of its nightlife.
San Antonio Town’s passionate ‘party-culture’ has therefore led to many misconceptions about the entire San Antonio Municipality, leaving a disloyal and inaccurate label on the area. It’s easy to be swayed and influenced by the reports of San Antonio’s party scene. However, alongside this very small element of San Antonio, sits a wonderfully rich history, spectacular beaches and coves, a family-friendly atmosphere, local Ibicencan culture, and the island’s most majestic sunsets. The area is so deeply laced with beauty, it is no wonder San Antonio was highly sought after by initial tourism during these early days.
Discovering the municipality of Sant Antoni de Portmany is guaranteed to leave a lasting impression and ultimately debunk the false notion on the area once and for all!
Discover the municipality of San Antonio
Sant Antoni de Portmany is incredibly diverse, with a wealth of opportunity to discover the real Ibiza.
San Antonio Social & Culinary
The town alone strongly attracts many visitors to experience well-known music venues like Mambo Cafe, Cafe del Mar, Savannah, and Mint Lounge. However, San Antonio is also filled with culinary excellence and an array of global cuisine restaurants that are well worth visiting.
Can Pujol is a typical Ibicencan restaurant located directly on the seafront, specialising in seafood and fish stew rice dishes. La Patisserie is a colourful French ‘Tea Room’ serving pastries, breakfast, light lunches, and wonderful homemade plates. It is a great spot for families, especially for those with smaller children, as they have a designated play area, so the adults can relax over brunch.
Es Tragón, an awarded Michelin Star restaurant (the only one on the island), naturally offers guests a gastronomical experience to remember at the hand of their executive chef, Alvaro Sanz Clavijo, whilst Sa Capella boasts history, authentic charm, romance, and great traditional cuisine from its 16th Century converted church.
There are endless possibilities to spend summer evenings outside of the ‘party-scene’. Top hotspots like Kumharas Street Food Restaurant and Cocktail Bar, which also offer outdoor yoga classes with a wonderful sea view, Hostel La Torre, and the 5-star luxury Amare Beach Hotel Ibiza with their spectacular sunset rooftop terrace, all boast a relaxed and elegant atmosphere to enjoy the miraculous San Antonio sunsets, away from the hustle and bustle of the main Sunset Strip and San Antonio’s West End.
For fun for the whole family, Cine Regio is San Antonio’s quirky, local cinema, which is wonderfully still true to its original style, with one large screen, red velvet seating, and grand front draw-curtains. There is also a fantastic aquarium for those looking for some extra activities for the children.
Beaches in San Antonio
The beaches of San Antonio are an oasis of natural gems, with hidden coves of white sand, winding coastal paths, glistening waters, and bewitching sunsets. Although difficult to define a top few, these three secluded beaches certainly have something extra special to offer.
Cala Salada
Cala Salada is unparalleled with natural beauty and crystalline waters, perfect for diving, snorkeling, and swimming; which altogether feels more than two worlds apart from the vibrant town. It’s sister cove, Cala Saladeta, along the rocky paths leading down from Cala Salada, offers an even more secluded cove and a completely preserved area.
Punta Galera
Just south of Cala Salada lies the infamous, smooth rock and several flat terraces of Punta Galera. The staggered cliff edge allows for peaceful and picturesque beauty, which is nowhere else to be found on the island. The rocky terrain is barren from sand, amenities, and is accessible by walking only. The ideal spot for those who cherish the art of nature and appreciate less human gatherings whilst at the beach. It has to be seen to be believed.
Cala Gració
Cala Gració is another very attractive beach cove close by to San Antonio’s main town. With fine white sands and natural pool waters, the area offers a unique sense of privacy and seclusion filled enthralling landscape views. Next to Cala Gració main bay is Cala Gracioneta. A smaller and even more authentic version of Cala Gració. Cala Gracioneta is typical Ibiza style, family-friendly with a relaxed atmosphere, and home to the renowned boho-chic Cala Gracioneta Chiringuito.
Countryside and Villages in San Antonio
The stunning countryside and villages of San Antonio boast wide open and vast landscapes, where much high-profile and exclusive hillside villas reside with unlimited views of unspoiled countryside and fascinating sunset skies.
Santa Inés Ibiza (Santa Agnés de Corona)
The village of Santa Inés is a unique land with captivating beauty and is famous among photographers. Laced with cultivated acres of almond trees, known as Es Pla de Corona, and fascinating cliff top walks overlooking the Islets of Ses Margalides, (a couple of sporadic islets sat in the Mediterranean Sea), Santa Inés is recognised as a true haven. Sunsets from the clifftop are truly spectacular, with an infinity of open waters and a view like no other on the island. June until September is mostly recommended to visit here for sundown, and whilst the rest of the major sunsets spots like Es Vedra are busy and filled with groups of people, this unique place is often overlooked and incredibly secluded.
Around February the almond trees bloom into beautiful sheets of pink and white almond blossoms. The land is an exceptional sight and draws plenty of attention from locals and tourists alike, completely untouched by tourism. Here, Bar Cosmi is a locally renowned restaurant known for the "best tortilla" in Ibiza.
San Mateo
San Mateo is a small, quaint, and beautiful village, which is filled with beautiful authentic charm and cultivated countryside. Long hikes around the Es Pla de Sant Mateu, with its array of almond trees, vineyards, and miles of orchards with locally grown grapes, olives, oranges, and lemons, offer a calm and traditional ambience, perfect for nature-lovers. To the left of the village church, past a remote house situated on the right, a dirt road leads down to a small square for parking. Here, a rocky steep trail leads down to the hidden spot, Cala Aubarca (Cala d’Albarca), where many hikers often venture to view the spectacular sights on offer.
Buscastell Ibiza
Buscastell is a small village, known as one of the most agricultural areas of the island which hosts wetlands and springs for water, as well as Ibiza’s largest and most productive winery, Can Rich. The area may be considered as one of the biggest wetlands on the island, known as Es Broll de Buscastell. Es Broll de Buscastell is one of the most unique landscapes to visit and is not often known by tourists whatsoever.
San Rafael Ibiza
San Rafael is a very small yet vibrant village and hosts almost a small town selection of highly recommended island restaurants to choose from and enjoy. Can Pilot, Can Fresco, and Es Tancó Pizzeria are all very popular and more than often bustling with locals regularly. San Rafel village is also known as a unique "Area of Artisan Interest ". The village is home to some of the best potters on the island, who have practiced pottery in Ibiza for hundreds of years.
Holiday Villas and Properties for sale in San Antonio, Ibiza
Despite San Antonio’s ‘party-label’ the area, including the town itself, is a tranquil and beautiful location, offering something for everyone, making it a very special place to vacation and reside in. It’s a great area for investment also, since property prices in this area tend to be the lowest in Ibiza. The area offers a wide range of outstanding properties with a variety of authentic charm, modern contemporary architecture, newly built apartments, and luxury lifestyle living.
Prestige Properties Ibiza has a vast listing of villas for holiday rental and properties for sale in the area of San Antonio.
Check out our villas for holiday rental and properties for sale in the area of San Antonio here…
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Ibiza Real Estate: Welcome to the Jungle!
A buyer’s ultimate guide to sanity during their search for the perfect home in the Ibiza property market.
A buyer’s ultimate guide to sanity during their search for the perfect home in the Ibiza property market.
I am sure you’ve seen them as well, the reality TV shows about real estate agents in LA, the Hamptons, NYC… I must admit, they are my guilty pleasure! On these shows the properties always seem to be in perfect condition, 100% legal, the agencies are well respected and professional… Let’s face it; a property buyer’s dream-come-true.
It made me think about just how different the Ibiza experience is: the dream of your perfect home is just as big, but the journey here compares more to a jungle survival trip than a dreamy walk through Central Park. You are not the first Ibiza property buyer frustrated with online searching, not knowing where to look, what to believe, and which agent to trust.
The key is to know what you are getting yourself into, what type of jungle Ibiza’s real estate is, its many pitfalls, and how to best manoeuvre your way around them.
Here are the most important things to keep in mind:
Demand vs. (real) Supply
When you begin with your online property search, it might seem, at first sight, that there is a lot of offer, but don’t be fooled. Soon your eye will be trained enough to discover that the same houses keep coming up in your search, or you are getting the same property proposals from different agencies and online portals. This is because most Ibiza properties are listed with a minimum of 3 agencies (exclusive mandates are a rarity on the island), and all these agencies use different images, names, titles, and (to the frustration of everyone) sometimes even different prices or stats. These differences in presentation will have you believe that you are looking at different properties when in actual fact, they might very likely be the same. As incredulous as it might sound, it is not uncommon for clients who have asked for a viewing, to get to a property and tell us that they have actually already visited it with another agency – they just thought it was a different one from looking at the presentation!
Another catch is that often properties that have already been sold, stay listed on the internet as still for sale. The reason? Some agencies keep them in their portfolios to attract more clients and receive more leads, especially when their own supply is low. However, another reason is that some owners (sellers) have their properties listed with so many agents and portals, that even they get confused and forget to update and inform everyone, so sometimes it can take 6 months or even longer before all the websites have been accurately updated. Avoiding such a waste of time for all parties is one of the reasons why we recommend sellers to sign an exclusive sales mandate choosing to work with just one agency.
Lastly, another very important point to keep in mind when it comes to the "supply" in the Ibiza property market, is the fact that some owners list their property for sale for what would be considered by an above-market price, just to see if there is any interest and without any real intention of selling unless they receive a lucrative offer.
As we have seen, property supply in Ibiza, while it might seem quite formidable at first sight, is in reality not so high after all. Demand, on the other hand, an indicator much less manipulable, is high and rising. Since the last big economic crisis which started in 2007/8 and saw a drop in demand (and thus prices) in Ibiza’s property market, demand has risen steadily and by now far beyond any pre-crisis numbers. Even last year (the dreaded 2020), after the first Covid-19 lockdown, property sales have been rolling in steadily island-wide.
The new #workingfromhome culture and a prevailing desire to be close to nature and away from hyper populated urban virus hotspots, have made Ibiza, with its lightly populated natural character, a prime location for those international property buyers, who prefer to spend the next lockdown with a sea view. Plus, as an investment advisor would tell you, what’s better than to get your assets put in stone in uncertain times?
All in all, when analysing the Ibiza property market, we find there to be not a lot of "real" supply but strong demand. So what does that teach us for our jungle survival training?
Firstly, it sheds some light on the Ibiza property market’s overall price point and its armour against national or international market fluctuations.
It teaches property buyers to not be fooled by the apparent high supply, therefore to examine each property carefully and begin to know the landscape.
Most importantly, it teaches us that we need to be ready to act fast, as soon as we have found our ideal property we need to strike with minimal hesitation: a low supply market is a competitive market.
Building restrictions: Patience is a Virtue
Those amongst you who have had the privilege of visiting this stunning island will know what I mean when I say: Wow, what a beauty! From sandy and rocky beaches, lustrous sunsets, to rolling green hills and spectacular views of the glistening sapphire sea… Ibiza wins our hearts not (only!) for its world-famous clubbing scene, its regular mention in the international press and popular culture or its unique vibe and fusion of lifestyles (think: hippy-meets-millionaire), but mostly because of its, perhaps unspectacular but certainly unpretentious, sincere and somewhat magical natural beauty. This is why we all have to be more than grateful for the government’s attempts at conserving Ibiza’s rural charm via building restrictions.
However, if you are considering buying land in Ibiza to build your own home, or even just to buy a run-down property to renovate and enjoy or re-sell; let the following be a warning to you: Ibiza’s urbanistic building regulations are strict.
Not only is it increasingly difficult to get a building licence to build a new home, even if everything is in your favour and on paper you should receive one, make yourself comfortable because you are in for a long wait. Whether it is to build a house from scratch or to integrally renovate a property, both licence applying processes are time-consuming and not without their respective complications (I will not go into too much detail here, as this subject merits its very own "A survival guide for Ibiza’s urbanistic laws and regulations" article!).
So let me be clear, you will be familiar with the Spanish saying of "mañana, mañana" (tomorrow, tomorrow), a cultural testament to the Spanish laissez-faire, laid back approach to most things; but here we are talking about Ibiza, where the correct saying on this specific subject would go: "not mañana or even next year.. but maybe the year after…"
This information is by no means meant to demotivate or dishearten you; but when heading into the jungle, knowing how long your trip will be and preparing for what awaits you is paramount to your survival. And as contrived as this might sound, it is the simple and important truth, that as long as you have the right agent by your side who can advise you on the basics and refer you to trustworthy professionals and experts on the subject, such as lawyers and LOCAL architects, you will be perfectly fine, and your dream within reach!
The Issue with A-legality
This is a very important point, and a complex one at that, so let’s get right to it: Basically, you have to accept that if you want to buy a house in Ibiza, you have to deal with some illegality issues.
The reason for this is a direct causal reaction to the point above the building restrictions. Anytime you wish to renovate your home, extend it, add or change the pool, or just cover your terrace or change the tiles, you should apply for a licence. As we have learned above, it takes very long to get these licenses approved… if at all!
In the past, during Ibiza’s early days, no one really thought of or, frankly, cared much about any building rules or regulations, so most people just went ahead and followed their hearts’ desire without a second thought about the necessary paperwork. However, with the influx of foreign property buyers and specifically property investors, Ibiza would have drowned in new constructions if the government had not stepped in and started to monitor and enforce urbanistic laws and regulations.
The fact that around 90% of non-newly built homes in Ibiza have had some kind of structural modification in the past but are missing the correct licenses, means that these modifications or additions are now in some form of Legal-limbo: due to the "Statute of Limitations" they cannot be destroyed or taken down (which by the way would result in 70+% of small or big parts of Ibiza homes being demolished, like garages, annexes, closed in porches), but they can also not be legalised. Enter, what we call, A-legal.
But knowing which parts are legal, which parts are at risk, which parts are "truly" illegal, and which parts are A-legal, is not a simple task. It all depends on the classification of the land, the age of the buildings, the date of certain constructions, the height and the distances to borders, and much more. A professional agent should always let you know the exact legal situation and give you as much information about it as possible.
Keep in mind that prices differ when a property has many Il- or A- legalities. That renovated property that you have seen with amazing sea views for a bargain probably has some issues (or might just be next to a road).
Either way, it is important for you to know and understand that you will not get very far in your Ibiza real estate journey if the word "illegal" scares you; to realise your property dreams you have to look fear in the eye and tame the beast or have a good agent by your side.
Pirates of the Pityuses
Have you ever noticed that the high, sea-facing walls of Dalt Vila (Ibiza’s fortified old town) are lined with canon bomb craters? These are remnants of the many pirate attacks the island experienced throughout its history and which have resulted in its affectionate nick-name: "Pirate Island".
Nowadays, the only pirates left are the island’s so-called real estate pirates, out to make big wins with small effort and zero accountability. In Spain, you do not need any training nor diploma to register as a real estate agent. Anyone with a website and some contacts can call themselves a realtor. In some instances it goes as far as some "agents" using images from other agencies to list a property online, only to get leads from clients and then try to sell you something without knowing really how to get the deal to the notary and any knowledge of the market, later approaching the agency that has the actual sale mandate for collaboration.
However, the job does not only consist of having properties online and showing them, there is a whole world behind the scenes (a glimpse of which I have shared with you in this article) that is just as important. Our buyers often tell us, and I cannot stress the fact enough, just how important it is in Ibiza’s real estate market to fully trust your agent and to make sure they know how to close the deal, as to avoid any rude morning-after-notary awakenings.
Murky transparency
In most countries, when you sell a property, you need to have all your paperwork in order, get an architect’s approval that the house is in a good state, etc. In Ibiza, this is not a requirement, which effectively means that you buy what you see and with the paperwork that is there.
In addition, only very few institutions have access to property sales data such as final sales prices, as this is not public data in Spain. Therefore, many homeowners curious to know their property’s worth, inform themselves exclusively on online real estate sites to get an idea of price. Here they might compare their home with one of similar size or views, however, what they often don’t realise is that there are a lot of asking prices that are just that: asking prices. They are not sales prices. And there are no regulations of prices either. A professional, experienced agent, who has access to their own database of sales statistics, will always be able to tell you if the property you are interested in is priced correctly. Similarly, a homeowner wishing to sell their property in a timely manner should also consult with an established agency to receive a professional valuation based on real market statistics and sales prices, rather than the murky world of online asking prices.
So, how to survive in the Ibiza real estate jungle?
I hope this article has shed some light on the many challenges that await you in the Ibiza real estate jungle!
The most important thing to remember is that with the right mindset and the right help anything is possible and dreams do come true on this beautiful White Isle.
Get yourself an agent that is professional and experienced, that you can trust and that you know will get the job done. Here at Prestige Properties, our agents would be more than happy to become this person for you. And if you find a property online that you’d like to see, but is not listed on the Prestige website, just ask your Prestige agent about it. We know most properties that are for sale, so there might be a reason we didn’t choose to list it. Also, we work in close collaboration with about 20 of the most professional agencies on the island, so we can always ask our partners about it.
So hang in there tight and I will hopefully see you around!
*Disclaimer: this article was written in an informal fashion, simply to introduce readers to some of the topics of the real estate market in Ibiza. For official numbers and legal information please check out our "Property Buyers Guide" here.
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.
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.
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.
