The Ibiza property market demonstrated remarkable resilience through 2024, maintaining its status as one of Spain’s most robust and premium real estate destinations. Property prices on the White Isle reached record highs last year, even as transaction volumes showed a slight cooldown.
This subtle shift has many prospective buyers wondering: is 2025 a favourable time to invest in Ibiza property? In this updated analysis, we review the latest sales trends, price developments, buyer profiles, and expert forecasts to determine if current conditions make 2025 a good time to buy a home in Ibiza..
The General Balearic and Spanish Property Market Over the Past Decade and in 2025
The Balearic Islands and broader Spanish property market have shown impressive resilience and sustained growth over the past decade. After reaching a post crisis peak in 2017, prices and sales remained relatively steady, only dipping slightly in 2019–2020 amid broader global uncertainties. Subsequent to the pandemic, there was a renewed surge in buying activity, with 2021–2022 marking a boom in sales and price acceleration.
In 2024, however, the market began to recalibrate. Sales volumes across the Balearics declined by approximately 2.5%, even as prices continued to rise, with average home prices in the region climbing by 9.4% on an annual basis, the highest increase in all of Spain. This indicates a market in transition: less frenzied than before, but still robust. Experts suggest that this shift allows for a healthier and more sustainable pace moving into 2025.
Although the volume of transactions has softened, demand for property, especially in upscale areas like Ibiza, remains high, driven by low supply, lifestyle appeal, and international investment interest. For buyers and sellers alike, 2025 presents a more balanced environment than recent years, where thoughtful deliberation and market awareness can offer real advantages.
Ibiza’s Luxury Housing Market 2025 with Prestige Properties
Amidst ongoing geopolitical and economic uncertainty, Ibiza’s luxury housing market continues to demonstrate impressive strength. As one of Europe’s most desirable destinations, Ibiza continues to see strong demand from international buyers seeking a lifestyle investment with proven durability.
The market is progressing at a more measured rate, with values continuing to increase and buyer interest remaining strong. The average price per square metre now exceeds €7,000, with prime luxury villas in standout locations commanding well over €10,000 per m². Compared to 2018, this represents an overall price growth of approximately 17%, reflecting both the island’s exclusivity and the enduring appeal of its real estate market.
While transaction volumes dipped slightly in 2024 compared to the recovery upswing of 2021–2022, the market remains stable. Buyers have become more discerning, and many sellers have responded by adjusting their asking prices. The result is a shift towards a more balanced market, with greater room for negotiation and more realistic pricing strategies emerging across the board.
Our Prestige Properties Ibiza’s sales data from 2024 calculated:
Around 18% of buyers in 2024 purchased a first home, reflecting Ibiza’s shift from seasonal retreat to primary residence.
Over 50% of purchases in 2024 were second homes, continuing the island’s tradition as a holiday haven for global buyers.
Buyer enquiries declined by 17% annually, from 2,800 in 2023 to 2,300 in 2024, indicating a normalisation following record demand.
Despite these shifts, the luxury segment is still thriving, especially in exclusive locations where scarcity of supply and strong rental yields support prices. Our specialists report that attractive, competitively priced homes continue to sell quickly, with more than half of their listings closing in under three months in 2024.
Our 2025 Forecast: Is Now a Good Time to Buy a Property in Ibiza?
As we move further into 2025, Ibiza’s real estate market appears more balanced and mature than in recent years. While the strongly seller-focused conditions of 2020 to 2022 have eased, the island remains one of Europe’s most stable and appealing property markets, particularly for lifestyle buyers and enduring investors.
Current trends point towards continued price stability with moderate growth, particularly in the prime segment. Experts anticipate a five to ten percent price increase over the remainder of 2025, supported by sustained international demand, extremely limited supply, and Ibiza’s sustained lifestyle appeal.
Although sales volumes have softened slightly, this recalibration is widely viewed as a healthy correction, allowing both buyers and sellers to reconnect with more clarity and flexibility. Buyers are no longer facing the competitive rush of previous years, and sellers who price their properties realistically are still achieving strong outcomes.
Its consistent performance over time continues to set Ibiza apart. Even during broader economic slowdowns, the island’s property values have steadily rebounded, often surpassing previous peaks. For patient capital investors, this pattern offers reassurance that any temporary market fluctuations are unlikely to undermine Ibiza’s fundamental value.
Whether you are planning for retirement, a second residence, or an investment with strong rental potential, 2025 presents a compelling opportunity. Buyers now benefit from greater negotiating power, a wider selection of properties, and a market environment that has moved away from unsustainable intensity. At the same time, they gain access to one of Europe’s most coveted property destinations.
As always, we recommend keeping up with current market developments, working alongside knowledgeable local experts, and aligning your decisions with your personal goals and prolonged strategic outlook. With the right preparation, 2025 could be the ideal year to secure your place in Ibiza’s thriving property market.
We would be more than happy to talk you through Ibiza’s Real Estate potential.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Why U.S. Citizens Should Diversify Their Real Estate Portfolio by Investing in Ibiza, Spain
As international real estate continues to attract forward-looking investors, many U.S. buyers are expanding their horizons to include dynamic overseas markets. Destinations like Ibiza offer an appealing balance of financial potential and elevated lifestyle.
Diversifying a property portfolio internationally can be a savvy strategy for preserving and growing wealth, particularly when targeting a stable and desirable destination. European real estate, with Ibiza (Spain) taking the lead, presents a distinctive blend of financial opportunity and lifestyle appeal.
This Balearic Island-jewel, famed for its breathtaking Mediterranean landscapes and refined way of life, has emerged as a strategic safe haven for Americans aiming to hedge against domestic volatility.
Far removed from its former party centric image, Ibiza has matured into an ongoing upscale enclave that resonates with affluent individuals, seasoned buyers, digital nomads,and international retirees alike. In this article, we explore why U.S. citizens should consider broadening their property holdings by investing in this coveted corner of Europe, delving into market insights, investor incentives, and the unmatched allure of Ibiza’s property scene.
International Diversification in Uncertain Times
The United States has experienced a turbulent few years, from deep political division and shifting policies to economic pressures such as inflation and market instability. This climate has underscored the value of diversification beyond a single domestic market. By expanding property portfolios internationally, Americans can reduce exposure to domestic risks and access regions that may offer stronger performance or act as financial sanctuary when conditions in the U.S. become unfavourable.
One compelling destination is the Spanish real estate sector, which has seen a notable uptick in American interest. In fact, the number of Spanish property purchases by Americans has quadrupled over the last five years. Wealthy U.S. buyers are making their presence felt, often paying premium prices for prime properties, often nearly 30% more than other foreign buyers.
Leveraging Currency and Political Trends for Smarter Investment
Several key factors are contributing to the growing appeal of international property among U.S. citizens:
Currency Advantage
As of late 2024, 1 USD equalled approximately €0.94, enhancing Americans’ purchasing power in Europe.
This favourable exchange rate makes property in Ibiza more economical now than in recent years.
For U.S. home seekers, this effectively translates to a relative price advantage on European real estate
Political Uncertainty as a Motivator
Ongoing concerns around U.S. elections and shifting policies have prompted many to explore more stable international investment opportunities.
Spain presents a stable and supportive setting for those seeking to invest, providing:
A democratic government within the European Union
A strong, reliable currency
Robust property ownership rights
As a result, many Americans turn to international markets like Spain to preserve their wealth and reduce exposure to regional market shifts.
Why Ibiza Specifically?
Ibiza’s property market is notably resilient and operates independently of U.S. real estate cycles.
Adding Ibiza property to a portfolio offers:
Diversification benefits
Protection from U.S. market fluctuations
Access to new avenues for growth
Ibiza: A Strategic Entry Point into European Real Estate
The charming streets of Ibiza Town’s old quarter (Dalt Vila) exemplify the island’s blend of history, culture, and uninterrupted lifestyle appeal. Far beyond its past reputation for only nightlife, Ibiza has evolved into an enduring paradise, and one of Europe’s most attractive real estate markets for 2025 in terms of both quality of life and investment potential.
Unlike seasonal resort areas, this coastal enclave now boasts a growing permanent community and the infrastructure to support residents in every season. Enhanced international accessibility, alongside upscale dining, wellness retreats, and international schools, has made the island liveable throughout the year.
In addition to existing transatlantic flights connecting New York and Palma de Mallorca, local authorities are actively pursuing a direct route between Ibiza and the United States, supported by rising numbers of American visitors and ongoing discussions with airlines and US hotel groups. Although the launch may be delayed until 2029 due to aircraft availability, the mutual interest suggests strong, enduring potential for transatlantic connectivity.
With this in mind, now represents a particularly strategic moment for transactions, as property values and associated costs are expected to rise considerably once direct flights are in place.
Global Appeal and Exclusivity
Ibiza’s reputation has evolved into that of an upscale lifestyle hub that attracts a cosmopolitan audience. The island consistently ranks among the leading destinations for individuals of substantial wealth across the globe. According to Knight Frank’s 2024 Wealth Report, Ibiza holds a firm position within the top ten global prime residential markets, with elite housing prices rising by 12 per cent over the most recent year.
In other words, this Balearic destination is on the radar of premier investors globally, a testament to its quality. Part of this allure lies in Ibiza’s exclusivity: it’s a relatively small island with finite land and strict planning laws, which keep development in check. This creates a supply shortage for property, especially top residential villas, that in turn supports sustained price appreciation.
With only a finite number of sea-view plots and historic fincas available, owning property in Ibiza equates to holding a share of an exceptionally scarce asset, one that remains highly sought after by the world’s affluent.
Lifestyle and Environment
When it comes to lifestyle, Ibiza is truly unparalleled. The island enjoys over 300 days of sunshine a year, beautiful turquoise Mediterranean waters, and 210 kilometres of coastline ranging from sandy beaches to dramatic cliffs.
While it still offers legendary nightlife for those inclined, Ibiza also provides tranquillity and natural beauty; hills blanketed in pine trees, organic farms, yoga retreats, and secluded coves. Many visitors are surprised to discover how welcoming to families and peaceful Ibiza can be beyond the renowned clubbing hotspots.
U.S. retirees and families appreciate the Mediterranean pace of life here: long lunches on terraces with stunning views, local markets offering fresh produce, and a strong sense of community. In fact, large sections of the island are protected as UNESCO World Heritage Sites. This balance of vibrant culture and preserved nature makes this white isle an ideal place to enjoy both refined entertainment and tranquil relaxation.
Strong Tourism and Rental Demand
Another reason Ibiza shines is its global appeal as a tourism hotspot. It remains one of Europe’s most popular spots for upscale travellers, attracting international visitors from May through October for music festivals, beach clubs, and wellness retreats. Even during the quieter winter months, a growing number of off-season tourists and remote workers help keep the island vibrant. This consistent flow of guests supports a strong and resilient rental market.
For wealthy Americans entering the European property market, Ibiza’s prime summer returns are especially enticing. Premium villas can command thousands of euros per week from holiday makers. Many owners choose to let their properties for part of the year to generate income, helping to offset expenses or deliver a return, while still reserving time for personal use. With upscale tourism thriving, investors increasingly view Ibiza as a premier destination for exclusive short term lettings, confident that the draw to financially established travellers will endure.
Ultimately, Ibiza’s global renown ensures that owning property on the island presents the potential for strong rental income as well as sustained growth in value over time.
Stable Performance with Promising Growth
For Americans exploring property investment in Ibiza, understanding the market’s core fundamentals is essential. The island’s real estate sector has consistently demonstrated both stability and impressive growth, even amid global uncertainty. Recent figures highlight just how distinctly Ibiza continues to perform:
Post-Pandemic Stability
After a surge in sales post-COVID, activity cooled slightly by 2023, yet prices remained stable and even exceeded 2022 levels, despite fewer transactions.
In 2024, Ibiza’s premium property sector thrived, affirming its role as a refuge for investment amid global uncertainty.
Proven Sustained Performance
Since 2018, prices per square metre have risen 17%, outpacing many mainland markets.
Following downturns (e.g., 2008 and 2020), Ibiza consistently rebounds, reaching new price peaks, signalling strong market resilience.
Temporary dips are often seen as buying opportunities by strategic investors.
Buyer Diversity Driving Stability
Attracts a broad mix of buyers: investors, digital nomads, entrepreneurs, retirees, and families seeking a better quality of life.
Over 75% of recent purchases are for second homes or holiday use, with expanding numbers relocating permanently for quality of life.
In 2024, 20% bought for investment, while 50%+ purchased for personal use, helping maintain demand from multiple segments.
Recognition as a Prime Market
Ibiza consistently ranks among the top global luxury property destinations, attracting sustained interest from high-net-worth buyers.
Foreign demand remains strong and steady, even amid broader economic uncertainty.
Recent tax reform in the Balearics, raising the wealth tax threshold from €700,000 to €3 million, makes ownership more attractive for investors with moderate budgets.
Why It Matters for U.S. Investors
Ibiza offers a stable, appreciating assets in a different cycle from U.S. property.
Combines limited supply with consistent international demand, shielding the market from volatility.
An ideal vehicle for diversification, offering both capital growth and long-term stability.
Key Benefits of Ibiza Property Investment for Americans
Stable Eurozone Investment
Placing capital in Ibiza gives U.S. acquirers access to the stability of the Eurozone, providing a safeguard against domestic economic pressures such as inflation and currency decline.
Why it matters:
Exposure to the euro offers currency diversification.
Spain’s economy is steadily recovering, supported by domestic and international demand.
In 2024, foreign buyers made up nearly 20% of residential sales in Spain, with Ibiza as a direct beneficiary.
Spain has solid legal frameworks for property ownership.
Investors benefit from legal protection under Spanish and EU law.
Ibiza is seen as a safe jurisdiction for capital compared to emerging markets.
High Potential for Returns
Ibiza properties, particularly in the premium segment, have shown strong capital uplift over time:
Prime property prices increased by around 12% in a recent year.
Lasting trends point to continued value appreciation.
Temporary holiday rentals generate significant income, especially during peak season.
Bonus for U.S. investors:
Rental income in euros helps hedge against currency fluctuations.
Ibiza compares favourably with luxury markets in the U.S. and Europe.
A $1 million investment secures approximately 50 square metres of premium space, often with access to exclusive leisure facilities.
Lifestyle Perks & Personal Use
Unlike stocks or bonds, a home in Ibiza is a tangible asset you can enjoy.
For U.S. buyers:
A holiday home and a smart investment in one.
The potential to transition into a retirement base or ongoing residence.
Access to Mediterranean living, wellness culture, and advanced health care provision.
Prestige & Global Network
Owning property in Ibiza places you among a globally connected, influential community:
Ibiza is home to celebrities, creatives, and entrepreneurs.
The island furnishes social and networking opportunities beyond financial returns.
Property ownership here carries global prestige and opens social doors.
Tax & Financial Advantages
Spain offers a favourable tax environment for foreign buyers when compared to other EU countries and many U.S. states, with several financial incentives.
Key benefits:
No wealth tax on properties under €3 million (post-reform).
Modest annual property tax (IBI), often lower than in many U.S. states.
Double tax treaties help avoid being taxed in both countries.
Access to Spanish mortgages up to 60–70% Loan-to-Value (LTV) for non-residents.
Financing tips:
Interest rates in Spain are often lower than in the U.S.
Some buyers pay in cash or use U.S. based equity loans to manage currency risk.
No Restrictions for U.S. Buyers
Spain imposes no restrictions on American buyers, the process is straightforward and transparent:
Secure a Spanish tax number (NIE) and bank account.
Complete standard legal checks with local professionals.
Americans now make up a record number of property transactions in Spain.
Visas and Residency:
While the Golden Visa programme has ended, other extended residence alternatives are available:
Passive Income Visa
Digital Nomad Visa
No visa needed for stays under 90 days in the Schengen Zone.
Ideal for Retirees and Lifestyle Seekers
Ibiza offers a compelling option for American retirees or those planning ahead for a Mediterranean lifestyle enriched by comfort, belonging, and culture.
Outstanding Quality of Life
Spain consistently ranks highly in global standards of living reports, and Ibiza embodies many of its best qualities: a mild climate, Mediterranean cuisine, a relaxed pace of life, and a strong sense of community. With long outdoor meals, vibrant local markets, and a culture that prioritises health and leisure, the island naturally resonates with those seeking a slower, more fulfilling lifestyle.
Healthcare in Ibiza is both excellent and affordable. Residents have access to private clinics and modern medical facilities, and may also benefit from public healthcare through a contributory scheme. This makes Ibiza a reassuringly affordable option for those mindful of medical expenses.
Welcoming International Community
Retirees are greeted by an inclusive, globally minded circle of residents. English is widely spoken, and there are active expatriate networks made up of Americans, British, Germans, Dutch, and others. These communities provide social events, support, and shared cultural activities, making it easy to integrate and feel at home. Whether you prefer a peaceful rural setting or a lively coastal village, Ibiza offers diverse options to suit individual preferences.
Active and Enriching Lifestyle
Far from a passive retirement destination, Ibiza encourages an active and engaging lifestyle. Swimming, hiking, sailing, and yoga are all popular, and the island has developed a reputation as a wellness hub. Spas, organic farms, and holistic retreats provide countless opportunities for physical wellbeing and peace of mind. In addition, Ibiza’s cultural calendar is rich with art exhibitions, music events, and traditional festivities that keep life vibrant throughout the year.
A Haven for Digital Nomads and Remote Workers
Ibiza has become an increasingly attractive base for American remote professionals, offering the perfect blend of daily rhythm, infrastructure, and legal accessibility:
Digital Nomad Visa
Spain introduced the Digital Nomad Visa in 2023, allowing U.S. citizens who work remotely for foreign clients or employers to reside legally in Ibiza. The visa offers an initial one year stay, often extendable, and provides a pathway to longer term residency. With a moderate income threshold, it is accessible to a broad range of freelancers, entrepreneurs, and remote employees.
Practical Infrastructure for Work
While known for its natural beauty, it is also equipped for productivity. The island offers widespread high speed internet, including fibre connections in rural areas, and reaffirming its role as refuge for investment working spaces in hubs like Ibiza Town and Santa Eulària. Even cafés and coastal venues often provide reliable Wi-Fi.
Thanks to the time zone difference between Spain and the United States, living in Ibiza offers a particularly appealing rhythm for those working remotely or managing business across the Atlantic. Depending on which part of the U.S. they’re based in, many Americans find their working day begins in the mid to late afternoon local time, allowing for relaxed, productive mornings, school runs, or time outdoors before starting work.
This natural offset makes the island an ideal base for balancing professional commitments with a Mediterranean lifestyle, and enhances its reputation as a truly liveable location throughout the year.
The Culture of Creation
Ibiza offers more than functionality, it inspires. Surrounded by nature and a diverse international community, many remote workers report increased wellbeing and creative energy. Daily life includes swims in turquoise waters or peaceful walks through pine forests instead of urban commutes, helping spark innovation and self-development.
A Family Friendly Setting
For remote workers with families, Ibiza is notably accommodating. The island hosts respected international schools and safe, welcoming neighbourhoods like Santa Gertrudis and Santa Eulària. Children benefit from an active outdoor lifestyle and clean environment, while parents find a supportive, like minded community.
Practical Considerations for Buying in Ibiza as a U.S. Citizen
If the idea of owning property in Ibiza as an American sounds tempting, it’s helpful to understand the useful steps involved and what to expect from the process:
Prices vary widely by location and property type. As a general guide, flats (apartments) might start from €300,000, with luxury units exceeding €1 million. Villas typically begin at around €1.5 million and can exceed several million euros for premium estates. American buyers are known to pay top euro for luxury properties, a clear signal of their confidence in Ibiza’s value.
The Buying Process
Purchasing property in Spain is relatively straightforward. Key steps include:
NIE Number: You’ll need a Número de Identificación de Extranjero (NIE), which serves as a tax ID for foreign nationals and is essential for any property transaction.
Bank Account: Opening a Spanish bank account is advised to facilitate the transaction and manage ongoing expenses.
Reservation and Contract: Once you’ve chosen a property and agreed on a price, a deposit (typically 10%) is paid to reserve the property. This is followed by a private purchase contract, during which due diligence is carried out.
Legal Checks and Notary: A Spanish solicitor proficient in English should review all documents, ensure no debts or liens are attached to the property, and confirm that licences (such as a tourist rental licence) are in order if applicable. Completion of the sale occurs in front of a notary, where the title deed is signed and the balance paid.
Expect closing costs of approximately 10–13% of the purchase price, including transfer tax (8–10% for resales, or 10% VAT for new builds), notary and registry fees, and legal services.
Financing vs. Cash
Spanish banks do offer mortgages to non-residents, usually covering 60–70% of the property’s value. Borrowers must demonstrate income and creditworthiness. Interest rates fluctuate, but may still be competitive with U.S. lending rates. Some American buyers choose to pay in cash or utilize equity from U.S. assets to avoid exchange rate risk.
The strong dollar in recent years has enhanced American purchasing power, making now an especially favourable time to acquire property in euros.
Rentals and Management
Renting out your Ibiza property can be lucrative, especially during the summer season. However, tourist rentals require a licence, typically granted to detached homes or villas rather than flats (apartments) in shared buildings. It’s important to confirm licence eligibility before purchase if temporary letting is part of your plan.
Many owners enlist local property managers to oversee bookings, guest relations, and maintenance. Management fees are usually 20% of rental income but are often offset by strong yields during peak months.
Tax Obligations
As a non-resident, you’ll pay local property tax (IBI) and tax on any rental income, net of deductible expenses. Additionally, there is a nominal imputed income tax on second homes not let out. Thanks to the U.S.–Spain double taxation treaty, most investors can offset Spanish taxes against their U.S. obligations, minimising exposure.
International tax advice is recommended, especially in the first year. But generally, owners find Spanish property taxes reasonable compared to jurisdictions in the U.S. with higher tax rates.
Buying property in Ibiza as a U.S. citizen is entirely achievable and increasingly common. With expert guidance and sound preparation, the process is smooth and transparent, allowing you to focus on enjoying your Mediterranean home and maximising its potential.
Why Now Is the Time to Invest in Ibiza
In today’s climate of economic and political volatility, expanding into international property is more than a smart decision, it’s a strategic one. Ibiza stands out as a rare market that combines strong financial potential, extended security, and an enviable quality of life.
For U.S. citizens, investing in Ibiza offers more than just ownership abroad. It provides access to the European lifestyle, protection from domestic market volatility, and a stake in one of the world’s most desirable real estate markets.
The island’s premium property segment continues to thrive, fuelled by limited supply, consistent global demand, and a rising international profile. Whether you’re planning for retirement, working remotely, or seeking a family home with income potential, Ibiza stands out as a versatile destination that continues to attract interest thanks to its upscale property landscape.
Favourable tax structures, accessible visa options, and the strong U.S. dollar further enhance the opportunity, making this an ideal time to act.
Before making a purchase, it’s essential to have a clear understanding of your investment goals, timeframe, and risk tolerance. Whether you’re seeking a second home, a pure investment, or a blend of rental income and personal use, defining your objectives will help guide smart decisions.
Partnering with a trusted local real estate agency like Prestige Properties ensures you’re connected to the right network of experts (lawyers, mortgage brokers, and legal advisors) who can guide you through every step. Local professionals will help confirm legal compliance, funding options, and property suitability to match your investment strategy.
Key factors to consider include:
Location and type: Target areas with high demand, good rental potential, or long-term appreciation. Decide between residential and commercial use based on your goals.
Legal compliance: Always ensure the property has the proper licences and follows zoning and planning regulations.
Financing and paperwork: Local mortgage availability, funding strategy, and ensuring all documentation is in order are key to a smooth transaction.
By approaching your property search with a structured plan and the right professional support, you’ll be well positioned to make a confident investment in Ibiza.
With expert guidance, legal clarity, and a strategy tailored to your goals, your purchase can be both financially rewarding and personally fulfilling, whether it’s a lifestyle choice, a lasting asset, or a combination of both.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Ibiza’s Real Estate Tax Guide for 2025: What Buyers and Sellers Should Know
Buying or selling property in Ibiza involves several taxes and legal procedures. As of 2025, significant changes to Balearic tax laws have been introduced to ease the burden on local residents and young buyers, while Spain has also implemented new measures affecting high-net-worth property owners and foreign investors.
Whether you are a Spanish resident or an international investor, understanding the local tax landscape is essential for making informed decisions. This guide offers a comprehensive overview of property transfer taxes, ongoing ownership costs, and key regulations in Ibiza.
Buying Property in Ibiza: Resale or New Build?
Resale Properties – Transfer Tax (ITP)
When buying a second-hand property in Ibiza, you’ll pay ITP, a regional tax with progressive rates:
8% on value up to €400,000
9% on €400,000–€600,000
10% on €600,000–€1,000,000
12% on €1,000,000–€3,000,000
13% on value above €3,000,000
For a resale home priced at €800,000, the total Transfer Tax (ITP) would be approximately €70,000, which equates to an effective rate of around 8.75%.
The tax must be paid by the buyer within 30 days of the purchase date, using Form Modelo 600, and submitted to the Balearic Tax Agency (ATIB). The amount is calculated based on the higher of the declared purchase price or the official appraised value of the property.
ITP Discounts (2025):
4% ITP: First home ≤ €270,151, used as primary residence
2% ITP: Young buyers (under 36) or people with disabilities, for first homes ≤ €270,151
100% exemption: Local residents under 35 with modest income (≤ €52,800), buying a first home ≤ €270,000 (set to rise to €350,000), and financing at least 60% with a mortgage
To retain these benefits, the buyer must live in the property and maintain ownership for a minimum of three years; otherwise, the tax savings must be repaid.
New Properties – VAT (IVA) & Stamp Duty (AJD)
For new builds bought from a developer:
VAT (IVA): 10% of the purchase price (residential)
Stamp Duty (AJD):
1.5% standard rate
1.2% for first homes ≤ €270,151
2% for properties ≥ €1 million
2.5% for company-to-company sales waiving VAT exemption (rare)
Purchasing a newly built villa priced at €800,000 would incur €80,000 in VAT (IVA) and an additional €12,000 in Stamp Duty (AJD).
Both taxes are the responsibility of the buyer. IVA is paid directly to the seller as part of the transaction, while AJD must be filed separately with the Balearic Tax Office once the sale is completed.
It is also worth noting that, under current regulations, banks are required to cover the AJD associated with mortgage deeds, meaning buyers are only liable for the AJD on the property deed itself.
For a step-by-step overview tailored to Ibiza’s property market, take a look at our detailed Buyer´s Guide, where you’ll find expert insights tailored to purchasing property in Ibiza.
Selling Property in Ibiza: Taxes and Key Rules
If you’re selling property in Ibiza, you’ll face two main taxes: Capital Gains Tax (CGT) and the Plusvalía Municipal (municipal land tax). Your residency status—Spanish resident or non-resident—will determine how CGT is calculated.
Capital Gains Tax (CGT)
Spanish Residents:
CGT is applied progressively based on the profit:
19% on the first €6,000
21% on €6,001–€50,000
23% on €50,001–€200,000
27% on €200,001–€300,000
30% on gains over €300,000
Exemptions apply if the seller is over 65 and selling their primary home, or if the proceeds are reinvested into another main residence in Spain.
Non-Residents:
A flat CGT rate of 19% applies to the entire gain.
Non-residents must file using Model 210 and pay within a few months after the sale.
Under the 3% withholding rule, the buyer is legally required to retain 3% of the property’s sale price and pay it directly to the Spanish Tax Agency on behalf of the seller. This amount serves as an advance payment towards the seller’s Capital Gains Tax liability.
Plusvalía Municipal (Municipal Land Tax)
Charged by the local council based on the increase in land value over the ownership period.
Calculated using either the cadastral land value or the actual profit—whichever results in a lower tax.
Typically paid by the seller within 30 days of the sale.
No tax is due if the property is sold at a loss.
The tax caps after 20 years of ownership; it does not increase beyond that point.
Thinking of selling? Our Seller´s Guide makes the process easy to understand and simple to follow.
Annual Property Taxes & Ongoing Obligations in Ibiza
Owning property in Ibiza involves several annual tax obligations for both residents and non-residents. The most common is the "Impuesto sobre Bienes Inmuebles" (IBI) — a local tax based on the cadastral value, with rates typically ranging from 0.4% to 1.1%. It is paid by the registered owner as of 1 January, and bills are usually issued mid-year.
For high-value holdings, Wealth Tax may apply. As of 2025, the first €3 million per person is exempt in the Balearic Islands. Residents are taxed on worldwide assets, while non-residents are taxed only on Spanish assets. Rates start at 0.28%, rising for wealth above €10 million. In addition, a Solidarity Tax applies nationwide to net assets over €3 million, with rates of up to 3.5%, although any local Wealth Tax paid may be offset
Non-resident owners must also declare an imputed income tax if the property is not rented out. This assumes a notional rental value based on the cadastral figure, taxed at 19% for EU/EEA residents and 24% for others, and filed annually using Modelo 210.
Other Regulations for Property Owners in Ibiza
No Restrictions on Foreign Buyers
As of 2025, foreigners—both EU and non-EU nationals—are free to purchase property in Ibiza, enjoying the same rights as Spanish citizens. Although restrictions on non-resident buyers have been considered, no such measures have been implemented. Foreign buyers are required to obtain an NIE (Foreigner Identification Number) and must declare the origin of funds in compliance with anti-money laundering regulations.
End of the Golden Visa
As of 2025, Spain has officially ended its ‘Golden Visa’ scheme for property investment. Non-EU citizens can no longer obtain residency by purchasing real estate worth €500,000 or more. Existing visa holders retain their status, and alternative residency routes such as business or government bond investment—may still be available.
Buyer and Seller Obligations Recap
Buyers
Budget 10–13% of the property price for taxes (ITP or IVA + AJD, depending on property type).
Withhold 3% of the purchase price when buying from a non-resident seller and pay it to the Spanish Tax Agency (legal requirement).
Obtain an NIE (Foreigner Identification Number) before purchase.
Plan currency exchange and international transfers well in advance.
Hire a local lawyer to check for any outstanding debts tied to the property (e.g. unpaid IBI or community fees), as these may transfer with ownership.
Sellers
Prepare to pay Capital Gains Tax (CGT) and plusvalía (local land tax).
If non-resident, inform the buyer of the 3% withholding and file Form 210 within 3 months of the sale to claim a refund or pay any difference.
Consider working with a tax advisor to calculate deductions and reduce taxable gain.
Residents selling their primary residence must reinvest the proceeds within two years to qualify for CGT exemption.
Ensure plusvalía is paid to the town hall within 30 days of the sale; notaries typically include reminders in the sale deed.
Regional Nuances in the Balearic Islands
While Spanish property law is largely consistent across the country, Ibiza and the wider Balearic Islands have a few regional regulations that property owners should be aware of:
Tourist Rental Licences: Short-term rentals (e.g. Airbnb-style lets) are strictly regulated. A licence is required, and not all properties are eligible due to zoning laws and community restrictions. Letting a property without a licence can result in significant fines.
Protected Rural Land: Certain areas are designated as "rustic" or protected land, subject to more restrictive building regulations. Buyers should always check local planning rules before purchasing land intended for development.
Inheritance and Gift Tax: The Balearic Islands have their own inheritance tax regulations, offering favourable exemptions for close relatives. Foreign owners are advised to seek estate planning advice, as Spanish inheritance laws — including forced heirship — may still apply.
Making Smart Moves in Ibiza’s Property Market
Owning or investing in property in Ibiza offers exceptional opportunities, but it also comes with important tax and legal responsibilities. Understanding the full scope of costs is essential for making informed decisions and avoiding unexpected expenses.
For peace of mind, it’s always best to consult official guidance or a trusted advisor. The Prestige Properties Team is here to support you every step of the way, offering expert advice to help you navigate the process smoothly and confidently.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Ibiza & Balearic Island Real Estate Market Report 2024 & Forecast 2025
In 2024 Ibiza’s luxury real estate market has once again proven its resilience and an ability to adapt, reinforcing its reputation as one of the world’s most sought-after investment destinations. In line with our predictions in last year’s market forecast, 2024 marked a slight transition towards a buyer’s market —while prices remained high, the supply of available properties increased, and demand showed signs of stabilising.
On the other hand, our prediction of stabilising sales numbers were met with a surprise increase in sales numbers and volume, at least here at Prestige Properties. Despite global economic uncertainties, shifting geopolitical landscapes, and financial market fluctuations, the island, perhaps not surprisingly, continues to attract high-net-worth investors, international buyers, families, and lifestyle-driven homeowners seeking this perfect mix of security, exclusivity, and high-value assets not many places offer.
Balearic Islands’ Housing Market 2024
The Balearic Islands—particularly Ibiza—have consistently demonstrated their strength in overcoming market downturns, emerging stronger with each cycle. A combination of relative market stability, evolving buyer preferences, and sustained demand has shaped the property industry in recent years, making the Balearic Islands, and specifically Ibiza, a prime location for real estate investment.
2024 marked a year of stabilisation for property sales in the Balearic Islands. Graph (I) below, shows that after the post-COVID peak in 2022, 2023 saw a decline in property sales, which then stabilised in 2024, returning to pre-COVID levels.
Who buys property in Ibiza?
The Ibiza market presents exciting opportunities for investors and other types of buyers alike. With a limited yet highly desirable property supply, Ibiza remains a safe haven for both short and long-term investment. As Ibiza further solidifies its global position as a premier real estate destination, new possibilities await those looking to secure a stake in this thriving market. Whether as a second home, a secure long-term asset, or a high-yield investment, Ibiza offers unparalleled opportunities in 2025 and beyond.
As our internal statistics show, in 2024 over half our clients were buyers of "Second homes" ( or holiday homes) to enjoy with their family and friends. A new trend this year was a significant increase in "First Home" buyers, which in this context refers to buyers buying property which they will use as their primary residence and not just a holiday home. This is in line with Ibiza attracting an ever increasing clientele of international families choosing to permanently settle on the island, and seeing their children grow up in nature, sun and beach proximity.
Clients whose sole reason for buying is for "Investment Purposes" keep strong at over 20% of all buyers.
As mentioned above, Ibiza’s property market has consistently showcased exceptional durability and flexibility, elevating its profile as a hotspot investment center. This enduring robustness stems from several elements that collectively uphold the island’s real estate sector.
Luxury and lifestyle properties remain in high demand, attracting affluent buyers from Europe and beyond, drawn to Ibiza’s natural beauty, high-end amenities, and vibrant cultural scene. At the same time, strict urban planning regulations and limited land availability help control excessive growth and prevent market over-saturation.
Some Stats & Figures for 2024 – by Prestige Properties Ibiza
Analysing the properties Prestige Properties sold in 2024, we calculated the following:
Island-wide average price per m² in 2024: €7,333
Price range per m²: €5,000 – €17,000, depending on property type, condition, and location.
A breakdown of average price per m² by property type further highlights how different segments of the market performed in 2024:
Apartments: €6,515 per m², average price: €647,721
Houses: €7,558 per m², average price: €1,556,264
Fincas: €10,100 per m², average price: €5,758,333
Luxury Villas: €10,212 per m², average price: €7,118,750
Below a breakdown of Prestige Properties’ buyer nationalities in 2024:
Internally, we celebrated a record-year with regards to the Sales Volumes achieved in 2024:
We also achieved our goal of reducing the average time to find an ideal buyer for a property, beating the island’s historical average of 9 months:
Average time to sell a property in 2024: 7 months.
More than 50% of our properties were sold in under 3 months
Most of our properties found a buyer within 2 months of entering the market
A Market in Transition: Moving Toward a Buyer’s Market?
Following a sustained period of high demand and restricted property accessibility, Ibiza’s real estate landscape is undergoing a noticeable shift. While it remains a stronghold for luxury property investments, 2025 is shaping up to be a turning point, moving away from an extreme seller’s market towards a more balanced perspective.
Though high prices still define the market, the supply of available properties has increased, and demand has slightly declined. Although not yet fully a buyer’s market, emerging trends indicate that change is on the horizon while the scene is evolving:
Buyer Leads in 2024: 2,300 (compared to 2,800 in 2023), indicating a slight drop in demand.
Increased Listings: More properties entered the market in 2024 compared to 2023, contributing to greater buyer options.
But what does this mean for Ibiza buyers and sellers alike?
For sellers, Ibiza’s housing scene still presents significant advantages. Prices remain historically high, making now an ideal time to sell before further market adjustments take effect. Properties in prime locations and excellent condition continue to attract potential new owners quickly, with many deals closing in under three months. While demand has slightly softened compared to previous years, high-value properties remain desirable, particularly among investors seeking exclusive assets.
For buyers, 2025 introduces new opportunities as increasing inventory brings greater choice. Unlike the highly competitive seller’s market of 2022–2024, enthusiasts now hold more negotiating power, offering them better flexibility in securing favorable deals. With the ongoing increase in availability, investors and homebuyers alike may find more diverse options and improved conditions in the coming year.
Looking ahead, Ibiza’s property industry remains dynamic and full of potential. Whereas sellers can still capitalise on high prices, buyers are gaining leverage, creating a healthier equilibrium between supply and demand. As the real estate sector experiences steady growth, it will be necessary for both parties to stay adaptable as we move through this transition.
Looking Ahead: What to Expect in 2025?
Ibiza has long been recognised as one of Europe’s most desirable real estate industries, attracting those seeking exclusive properties, high-end living, and a vibrant lifestyle.
As we move into 2025, the housing trade is evolving with new trends shaping the future of the market. While uncertainty remains in global economic and political spheres, Ibiza’s reputation as a premium housing sector destination remains steadfast. The aforementioned shifting dynamics will have a significant impact on home seekers, capital investors and real estate agents in the year ahead.
Although predicting the future is never an exact science, current field data provides valuable insights. The key trends from 2024 indicate a stabilising market with a slight turn toward increased stock and more opportunities for prospective clients. However, external factors will play a crucial role in shaping the real estate overview for 2025 and beyond:
Economic and geopolitical influences: Interest rates fluctuations, ongoing global conflicts, and international policies will play a role.
Increased stock availability: More listings mean more options for buyers, potentially softening prices.
Increased recognition of Ibiza as a key player in global real estate, uniquely combining political stability, natural beauty, and expanding infrastructure to attract families and discerning international clients.
What remains certain is that Ibiza’s real estate spectrum has a long history of persistence. Even during economic transitions, property values have demonstrated a strong ability to rebound, often surpassing previous highs. This makes the island a desirable, multicultural, and highly sought-after location for investors looking for long-term stability and expansion.
A Thriving Market with Enduring Opportunities
As 2025 unfolds, the island remains a place where real estate dreams become reality—and with us by your side, those opportunities are closer than ever. With the right strategy and expert guidance, exploring this intricate environment becomes easier and more rewarding.
At Prestige Properties, we understand that navigating Ibiza’s evolving real estate market requires expertise and insight. Whether you are looking to sell at the right moment or to identify the optimal conditions to invest, our dedicated team is here to guide you every step of the way. With a deep understanding of the market and a commitment to personalised service, we help our clients make well-informed decisions that align with their financial and lifestyle goals.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Why buy a property in Ibiza (Eivissa Municipality)?
Ibiza Town, otherwise known as Eivissa, is the smallest of the five municipalities on the island, situated on the south-eastern coast. It shares borders with Sant Antoni de Portmany, Santa Eulària and Sant Josep de Talaia. The capital city spans 11.14 km², with an estimated population of 49,727 out of the island ‘s total population of 147,914.
The municipality of Ibiza Town is divided into two main sections: ‘The Old Town’, known as Dalt Vila (literally meaning ‘upper part’), which sits atop a small hill overlooking the sea, and the modern extension, "Eixample" (meaning ‘extension’). Among local Ibicencans, the city is often referred to as Vila d’Eivissa or simply Vila (meaning ‘town’).
Dalt Vila (The Old Town) is a designated UNESCO World Heritage Site, renowned for its stunning historical architecture, monumental castle grounds and a central Roman Catholic Cathedral, Santa Maria d’Eivissa. The Old Town is a labyrinth of charming cobbled streets, offering an abundance of cultural sites, including boutique shops, bars and restaurants. It also features beautifully restored homes alongside authentic, historic residences that have been passed down through generations of Ibicencan families.
The modern extension of Ibiza Town features a picturesque main square, Vara de Rey, as well as a vibrant harbour-front promenade, traditional whitewashed buildings and cobbled streets lined with a variety of retail shops, restaurants, cafés and bars. This area attracts a diverse mix of residents and visitors. A more contemporary high street extends from the port, offering a range of well-known European retail chains, banks, pharmacies, food markets, homeware stores and all the necessities for modern-day living.
The streets of Ibiza Town remain lively and energetic throughout the year, with most retail and dining establishments open in all seasons. However, when summer arrives and tourists begin to flood in, the city takes on a dynamic and exhilarating atmosphere. The nightlife becomes a hub for clubbers, celebrities, high-profile clientele, yacht enthusiasts and fashion influencers from across the globe.
Just a short drive away is Marina Botafoch, an exclusive VIP area home to an array of luxury motor yachts, superyachts, and an opulent collection of high-end apartments and penthouses overlooking the waterfront.
Additionally, Ibiza Town boasts two main beaches—Talamanca and Figueretas. Both are stunning and highly sought-after destinations, frequented by both tourists and residents alike. These areas offer a broad selection of hotels, from local boutique stays to luxurious resorts, as well as a variety of rental villas, making them attractive to visitors year-round.
With its rich Mediterranean history, ancient architecture, picturesque seafront, beautiful beaches and cosmopolitan nightlife—including some of the island’s most iconic nightclubs—Eivissa offers an unparalleled and versatile lifestyle.
Purchasing property in Ibiza Town presents an array of opportunities for families, holiday home buyers, young and retired couples, individuals, buy-to-let investors, and those seeking high-profile, secure residences.
Prospective buyers in Eivissa typically explore six distinct areas: Dalt Vila and the surrounding city centre, including Ibiza Marina, Marina Botafoch (Paseo Marítimo), Talamanca (Illa Plana), Figueretas (Los Molinos) and Can Misses.
Dalt Vila (Old Town), City Centre and La Marina
Dalt Vila, situated atop a small hill known as Puig de Vila, is undoubtedly Ibiza’s most significant cultural and tourist attraction. This spectacular walled city stands as a living archive of the various civilisations that have shaped the island’s history, crowned by its distinctive hilltop cathedral.
Dalt Vila is the only fully preserved Renaissance fortress in all of Europe, alongside Valletta on the island of Malta, earning its designation as a UNESCO World Heritage Site in 1999.
There are two main entrances to the Old Town, the most frequently used being a historic stone drawbridge that ascends a steep incline through the Portal de Ses Taules, leading directly to Plaza de Vila.
This central square is beautifully paved with cobbled streets and lined with charming al fresco restaurants, unique boutiques, and artisan shops. The second entrance provides access to The Contemporary Art Museum, where visitors can explore the underground remains of an ancient Phoenician dwelling.
The city tells a story of its own. A journey to the hilltop unveils exhibitions of historical architecture, memorial statues, and relics from the island’s Phoenician past, now seamlessly integrated into a modern, picturesque cityscape.
At the summit, breathtaking panoramic views stretch across the town below, the marina, Ses Salines, the island’s vast landscapes, and even as far as Formentera. Although the climb is steep and demanding, the experience is truly unforgettable and a must-see when visiting Ibiza.
Properties for sale in the Old Town and the lower city centre include modern converted apartments and 20th-century townhouses, particularly along Vara de Rey’s main boulevard. Prices for apartments in this area typically start at €6,000 per m², with an average property price of €700,000. Compared to the city centre, real estate in Dalt Vila is valued at nearly twice the market price. However, the area is steeped in history, boasts unique architectural charm, and offers spectacular sea and city views, making it highly desirable. The neighbourhood primarily attracts high-profile buyers, including those seeking luxury holiday homes or investment properties for rental purposes.
Marina Botafoch (Paseo Marítimo)
One of the most frequented areas of the city is Paseo Marítimo, a long waterfront promenade where both locals and tourists alike enjoy leisurely strolls, skating, running, cycling, or simply passing through en route to Marina Botafoch.
This vibrant strip is lined with prestigious establishments, including the luxury five-star Ibiza Ibiza Gran Hotel, Ibiza´s Casino, Hotel Pacha (adjacent to the iconic Pacha Ibiza nightclub), and the renowned Heart Ibiza. These venues are set against a stunning backdrop, with breathtaking views of Dalt Vila across the shimmering Mediterranean Sea.
Marina Botafoch is a hotspot for VIP clientele, home to an array of upmarket restaurants, cafés, and bars, including La Gaia by Óscar Molina, Novikov Ibiza, Lío and IT Restaurant. This area boasts some of the most stunning luxury apartment buildings on the island, offering spectacular views over Dalt Vila and the harbour. Situated within walking distance of Ibiza Town and Talamanca Bay, Marina Botafoch appeals to a broad range of buyers and renters, particularly high-profile individuals, families, and lifestyle holiday home seekers who prioritise secure residences with concierge services.
Properties for sale in Marina Botafoch typically command around €7,000 per m², with the average property price reaching €950,000.
Over the past few decades, Marina Botafoch has evolved into one of the island’s most exclusive destinations, hosting some of the most prestigious social hotspots and globally renowned nightlife venues. With a wealth of luxury rental apartments available for long-term stays, this sought-after area continues to attract affluent residents and investors from around the world.
Talamanca
The stunning resort of Talamanca is home to Ibiza Town’s most popular beach. Located just a short fifteen-minute walk from the city centre and Marina Botafoch, Talamanca offers a tranquil retreat away from the hustle and bustle.
The bay of Talamanca boasts a long, wide beach with shallow, calm, crystal-clear waters and soft white sand, making it a versatile and much-loved spot for both visitors and locals alike.
During the peak summer months, Talamanca Beach becomes a lively haven for sun-seekers and cosmopolitan visitors. However, despite its popularity, the area retains its authentic bohemian charm, with surprisingly few high-rise developments overlooking the coastline.
Talamanca is also home to a diverse selection of excellent bars and restaurants, scattered along the beach. Many of these establishments remain open throughout the year, making the area a popular residential hub during the winter months as well. From traditional Mediterranean eateries to laid-back beach shacks, visitors can expect high-quality menus, great variety, and a vibrant atmosphere.
One of the most iconic spots in Talamanca is The Fish Shack, a small yet famous rustic "chiringuito", offering a simple yet authentic Ibizan dining experience. With its no-frills approach, this charming beachside eatery serves freshly caught fish of the day, making it a favourite among both locals and international DJs, who claim it serves some of the best seafood on the island.
The incredible Nobu Hotel Ibiza, which overlooks Talamanca Bay, has been elegantly designed to complement its surroundings. Featuring natural wood finishes and artisan ceramics, the luxury resort perfectly embodies the island’s aesthetic. This stylish retreat attracts high-profile guests and extends the exclusive reputation of the Marina Botafoch area.
Illa Plana – A Unique Part of Talamanca
Within the Talamanca area lies Illa Plana, a former island that was once separated from Ibiza’s mainland but later became naturally connected. Illa Plana acts as a divide between the port of Ibiza and Talamanca Beach.
After merging with Ibiza, Illa Plana became more accessible, and during the latter half of the 20th century, residential development began. Today, Illa Plana is a fully urbanised neighbourhood, renowned for its exclusive cliff top villas and luxury rental properties in the Talamanca area.
Talamanca is a highly desirable location for those looking to purchase property near Ibiza Town, offering easy access to unspoilt countryside, picturesque beauty spots, and stunning beaches. The area strikes a perfect balance between a family-friendly atmosphere and a stylish summer destination, complete with a welcoming local community.
Talamanca boasts an impressive selection of modern Mediterranean-style villas, as well as a growing number of new apartment developments currently under construction.
Many of the larger villas in Talamanca feature breathtaking sea views, making them particularly attractive to lifestyle holiday home buyers and buy-to-let investors. In comparison to other parts of Ibiza Town, this area is especially popular among singles and retired buyers seeking a tranquil yet trendy place to call home.
Apartments in Talamanca are priced at approximately €6,500 per m², with average property prices ranging between €700,000 and €1 million.
Figueretas (Los Molinos)
Figueretas Beach (Ses Figueretas) is considered the second most popular beach in Ibiza Town. This lively resort area features a recently renovated promenade and enjoys a prime location close to the city centre, as well as the sought-after areas of Talamanca Bay and Playa d’en Bossa.
The beachfront promenade offers spectacular views of the Dalt Vila mountainside and Ibiza Old Town, with a variety of hotels, bars, and restaurants along its length. Visitors can also take advantage of water sports activities and regular ferry services, providing easy access to the town during the summer months.
At the height of the season, Figueretas becomes a vibrant hub, with artisan market stalls and a welcoming, family-friendly atmosphere. The area has everything needed to create the perfect small resort experience, catering to both tourists and residents alike.
Figueretas is especially popular among young couples, families, and buy-to-let investors, thanks to its local community feel and convenient location.
Property prices in Figueretas are typically around €5,500 per m², with apartments averaging between €500,000 and €700,000.
Ibiza Town
The main city centre is predominantly home to couples and single buyers, many of whom are already local residents on the island. This area attracts working professionals seeking affordable, accessible, and convenient properties in a highly cosmopolitan environment.
Most properties sold in Ibiza Town’s city centre are apartment complexes, ranging from older buildings to newly built residences. Compared to other districts of the city, the city centre typically offers a wider selection of properties, especially within older buildings, making it an attractive option for prospective buyers.
Apartments in Ibiza Town are priced at approximately €4,500 per m², with average property prices around €350,000.
Can Misses
Can Misses is effectively part of Ibiza Town’s city centre, or more specifically, the north-western outskirts that extend beyond the main urban area, situated next to the main highway. This location is ideal for those who wish to be within walking distance of the city centre while avoiding traffic congestion and benefiting from quick and convenient access to the rest of the island, including unspoilt countryside, scenic beauty spots, renowned restaurants, and stunning beaches
The local community and buy-to-let investors make up the majority of buyers in Can Misses. Apartments in this area are priced at approximately €6,200 per m², with an average value of €700,000. Villas typically range between €1.5 million and €2 million. At present, Prestige Properties has only one property available on the market in Can Misses.
Thinking About Purchasing a Villa in Ibiza?
The city centre of Ibiza Town, along with Can Misses and Figueretas, presents excellent opportunities for young couples and local residents looking for affordable apartments. However, property prices are rising steadily, reflecting the island’s increasing demand.
Both Marina Botafoch and Dalt Vila (the Old Town) are highly sought-after and more expensive areas, attracting a cosmopolitan and high-profile clientele, particularly luxury second-home buyers and buy-to-let investors.
Many families are drawn to Talamanca, an area known for its spacious, family-friendly apartments close to the beach. Talamanca also offers easy access to nurseries, schools, and a range of cafés and restaurants, all while allowing residents to enjoy the perks of city life.
Although demand is high across the city, the city centre offers slightly more flexibility. However, it may not suit everyone’s preferences. In general, much like other European cities, Eivissa caters to a wide range of lifestyles and property needs.
If you’re thinking about buying a property in Ibiza Town, why not explore our exclusive listings? Ibiza Exclusive Properties.
Our team is always on hand to guide you through your buying journey, ensuring you find your dream home with Prestige Properties Ibiza. Get in touch with us today!
Finding a Holiday Rental While Checking Out Ibiza Properties?
We have recently expanded our portfolio of luxury holiday villas. Book your Ibiza holiday villa with us, and we’ll be delighted to arrange property viewings for you during your stay.
If you’d like to experience one of our stunning villas in Ibiza Town during your 2025 Ibiza holiday, take a look at what’s on offer below:
Can Savina
Can Savina is a charming finca nestled in the peaceful countryside between Santa Gertrudis and Ibiza. Renovated in 2023, it blends authentic character with modern comfort, featuring five elegant bedrooms, including a master suite with a private living area and outdoor shower.
Set on 8,000 m² of lush gardens with lemon, olive, and orange trees, the finca offers multiple terraces, a large pool, a jacuzzi, and a covered dining area with a barbecue. Its first-floor views stretch over the countryside to Ibiza’s old town and the distant sea.
Ideally located just minutes from Ibiza Town, the port, and nearby villages, Can Savina also provides easy access to scenic walks, a horse-riding center, and the island’s best beaches. With daily cleaning included, it’s a perfect retreat for a relaxing yet well-connected holiday.
Wave
Wave is an extraordinary luxury villa, built in 2019, that offers breathtaking sea views and a modern design near Ibiza Town and the marina. Constructed with top-quality materials and state-of-the-art technology, it provides a refined and secure living experience, with an automatic gate, illuminated driveway, and full CCTV surveillance. Floor-to-ceiling sliding doors flood the living spaces with natural light and showcase panoramic views of Formentera and Ibiza Town.
The villa features five elegant bedrooms, including two master suites, all with high-end box spring beds, air conditioning, underfloor heating, and Netflix access. A designer kitchen is fully equipped with premium appliances, while the outdoor area boasts an infinity pool with a heating option, a chill-out zone with a fireplace, and al fresco dining for up to 16 guests.
For added comfort, the villa includes a professional gym, an independent office, Sonos sound system, e-bikes, and SUP boards. With a dedicated house manager and extra staff, plus easy access to Ibiza’s best beaches, Cap Martinet, and Santa Gertrudis, this villa is the perfect retreat for those seeking luxury, privacy, and exclusivity.
Villa Elefante
Villa Elefante is a modern villa with stunning views, a private pool, and minimalistic interiors, offering both tranquility and proximity to Ibiza Town. Featuring a sleek Porcelanosa kitchen, spacious living areas, and four elegant bedrooms, including a luxurious master suite, it is designed for ultimate comfort and style.
Each bedroom has an en-suite bathroom, with the master suite offering a lavish bathtub, walk-in closet, and breathtaking views. The outdoor area is perfect for relaxation, with a 10×4-meter saltwater pool, sun loungers, a chill-out space, and a Genesis Weber BBQ for al fresco dining. The villa is fully fenced and secured with CCTV and smart home technology.
Ideally located, Villa Elefante is minutes from Ibiza Town, Talamanca Beach, and Marina Botafoch, with easy access to top dining, nightlife, and nature spots. A perfect retreat for those seeking luxury, privacy, and convenience.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Top 5 Luxury Properties for Sale in Ibiza 2025
If you’re seeking a unique and luxurious villa or property in Ibiza, you’ve come to the ideal place. This enchanting island boasts homes with elegant interiors, breathtaking swimming pools, panoramic sea and countryside views, and a wealth of natural beauty to create your own slice of paradise. Intrigued? Discover our top luxury properties for sale in Ibiza below.
Exclusive Ibiza: Top 5 Premium Properties for Sale
Explore the pinnacle of luxury living with our thoughtfully curated collection, featuring everything from hilltop villas and newly refurbished residences to breathtaking sea-view penthouses. Whether you prioritise expansive spaces, ultimate privacy, or a prime location, your ideal home awaits.
A luxurious villa seamlessly blending with nature, featuring a pool, lush green roofs, and breathtaking sea views
Can Bosc is an exquisite property that blends modern luxury with natural beauty, featuring a main residence and an annex. Thoughtfully designed with sustainability and advanced technology, it offers privacy, comfort, and breathtaking views of three nearby beaches. A discreet entrance is accessed through a beautifully landscaped path surrounded by lush vegetation, leading to a parking area that integrates harmoniously with the surroundings.
The main house includes three ensuite bedrooms, with the master suite boasting a spacious dressing area. A cozy living room serves as a welcoming space for relaxation, while the high-end kitchen is equipped with premium appliances. The annex provides two additional ensuite double bedrooms, and the basement offers an extra room with windows, along with ample storage.
Outdoors, the design embraces nature with green roofs, natural stone facades, and Mediterranean landscaping. A stunning pool serves as a focal point for leisure, while an outdoor kitchen enhances the al fresco dining experience. The home includes underfloor heating powered by an aerothermal system, an integrated Sonos sound system, and an advanced home automation system. The green roofs contribute to energy efficiency and insulation, and a private water well adds to its self-sufficiency.
Positioned in a privileged location, the house is oriented to maximise panoramic views of three pristine beaches. It strikes the perfect balance between tranquility and accessibility, with natural surroundings ensuring privacy while remaining close to essential amenities. The strategic orientation allows for abundant natural light throughout the day, making this property a truly exceptional retreat.
Stunning Villa with 2 annexes and tennis court between Sa Caleta and Cala Jondal
Villa Terracota is a beautifully renovated property in the sought-after Southeast region of Ibiza, just minutes from popular beaches like Sa Caleta and Cala Jondal. Surrounded by top restaurants and beach clubs, this villa offers an exceptional blend of luxury and lifestyle. The fully fenced estate features a main house with two bedrooms and two separate annexes, bringing the total to four bedrooms. The main house is thoughtfully designed with a modern kitchen, a living room with terrace and pool views, and en-suite bedrooms with private outdoor showers. The first annex includes a double bedroom, bathroom, living room, and fully equipped kitchen, offering stylish guest accommodations.
The villa’s outdoor spaces are perfect for relaxation and entertainment, featuring an outdoor kitchen and bar, spacious dining and living areas, a poolside sundeck with sea views, and a rooftop chill-out area overlooking the Mediterranean. For active living, the property includes a private tennis court and an indoor/outdoor gym. Modern amenities such as hot and cold air conditioning, mains water, electricity, and fibre optic internet ensure year-round comfort and connectivity.
Located in San José de Sa Talaia, Villa Terracota enjoys a south-facing orientation, guaranteeing sun on the pool and terraces throughout the day. Its proximity to Ibiza Town, the airport, and vibrant attractions makes it an excellent choice for a holiday retreat, investment property, or peaceful retirement home.
Exceptional property near Santa Gertrudis and Morna college with rental license
Can Estel, exclusively offered by Prestige Properties Ibiza, is an exceptional estate blending traditional Ibizan architecture with modern elegance. Located just five minutes from Santa Gertrudis, this tranquil property offers privacy and ample space for year-round living or holiday retreats. The estate includes a renovated main house with three bedrooms, an annex with three additional bedrooms, and a separate studio, totalling seven bedrooms and five bathrooms. Its tourist rental license adds excellent investment potential.
The property features convenient access via a well-maintained road, two gated entrances for privacy, and a carport for two vehicles with additional parking. The main house retains its traditional finca charm while offering modern updates, including stone walls, an open-plan living area, and a modern kitchen with a patio and BBQ. The annex provides two double bedrooms, a single bedroom, a cosy living room with a chimney, and a kitchen, while the studio adds versatility for extra accommodation or workspace.
Surrounded by lush gardens, the estate boasts a swimming pool, vegetable garden, orchard, and winter garden. Its expansive grounds can also accommodate recreational spaces like a playground or tennis court. Modern amenities such as air conditioning, pellet heaters, and a private well ensure year-round comfort. Close to Santa Gertrudis and the Morna Valley School, Can Estel enjoys stunning countryside views and proximity to beaches, restaurants, and other attractions, making it ideal for families or as a rental property.
Exceptional finca with heated saltwater pool in the tranquil Benimussa valley
Finca Can Verdeis an exceptional property for sale exclusively through Prestige Properties Ibiza, blending traditional Ibizan architecture with modern touches. Located in the tranquil Benimussa Valley, this 35,000 m² estate ensures privacy and offers plenty of outdoor space for relaxation or activities. The property spans 400 m², featuring 5 bedrooms, a heated saltwater pool, and several annexes, making it ideal for year-round living or holiday retreats.
The finca is easily accessible via a well-maintained road, with two gated entrances. On-site, a carport accommodates two cars, with additional parking available. The house is divided into two sections: the original finca, with high ceilings, a dining room, a fully equipped kitchen, and a main bedroom with a walk-in wardrobe, and the modern extension built in 2009, which houses a living room, three double bedrooms, and three bathrooms. An additional annex can serve as an office, art studio, or extra bedroom, while another annex provides a storage room, laundry facilities, and a solar battery room.
The exterior reflects the natural beauty of Ibiza, with ancient olive, almond, and citrus trees, as well as a tropical landscaped pool area featuring a 4x14m heated saltwater pool with an electric cover. The finca is designed for sustainability, with solar panels, a private water well, a large cistern, underfloor heating powered by gas, and a septic system.
Located just 15 minutes from Ibiza Town and 25 minutes from the airport and beaches like Cala Bassa, the finca enjoys stunning countryside views and sun exposure throughout the day. Ideal for nature lovers, this off-grid retreat is perfect for year-round living or as a serene holiday escape. Contact us today to schedule a viewing or request a virtual tour.
A sophisticated modern villa featuring a pool and breathtaking sea views
Villa Elegance is a stunning seafront residence in southwest Ibiza, featuring direct sea access and breathtaking views of the coastline, nearby islands, and spectacular sunsets. Set on a 700 m² fenced plot with 300 m² of living space, this stylish villa offers five ensuite bedrooms, a beautiful pool, and seamless indoor-outdoor living. Designed on a single level for convenience, it includes a spacious living area, a fully equipped kitchen with a dining space, and a master suite with a private lounge, dressing room, and pool terrace access. Three additional bedrooms are reached through a charming courtyard, while a fifth room doubles as a laundry area.
The outdoor spaces are thoughtfully landscaped with Mediterranean gardens, a large pool terrace, a covered dining area, and an upper-level solarium for stunning panoramic views. Equipped with air conditioning, double-glazed windows, and a recently renovated electrical and plumbing system, the villa ensures modern comfort.
Located in the exclusive gated community of Caló d’en Real, it offers privacy, two private sea access points just minutes away, and proximity to San José (10 minutes) and Ibiza town (25 minutes). Perfect for families, groups, or investors seeking a luxurious retreat, this villa combines style, comfort, and some of the island’s most spectacular sea views and sunsets.
Explore More Luxury Properties in Ibiza
We hope you’ve enjoyed exploring our top 5 Ibiza properties currently on the market! To discover our full range of exclusive homes in Ibiza just follow the link below!
Take advantage of this opportunity and schedule your viewing today. Virtual tours are also available upon request. Reach out to us for further details.
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Reflecting on Ibiza’s Real Estate Market
Ibiza’s real estate market continues to attract global attention. Renowned for its stunning natural landscapes, cosmopolitan lifestyle, and vibrant cultural scene, it has long been a magnet for investors seeking luxury properties. As Ibiza’s property market reflects evolving trends, regulations, and economic shifts in 2025, a reevaluation of its trajectory is compelling.
A Resilient Market Despite Global Challenges
The global economy in 2024 faced ongoing uncertainties, including fluctuating interest rates and lingering supply chain disruptions. Yet, Ibiza’s real estate market has demonstrated remarkable resilience. Demand for high-end properties remains robust, driven by international buyers seeking both investment opportunities and lifestyle enhancements. In particular, northern European buyers and expatriates continue to dominate the market, drawn by Ibiza’s unique blend of natural beauty and exclusivity.
Sustainability Takes Centre Stage
Sustainability has emerged as a defining theme in Ibiza’s real estate development. The Balearic Islands’ government has implemented stricter environmental regulations, encouraging energy-efficient building practices and sustainable architectural designs. Developers are increasingly incorporating renewable energy sources, such as solar panels, and prioritising green certifications for new constructions. Buyers, too, are showing heightened interest in eco-friendly homes, reflecting a broader cultural shift towards responsible living. For a deeper dive into sustainable development in Ibiza’s real estate market, visit Ibiza Prestige’s Sustainability Guide.
Regulatory Landscape: Balancing Growth and Preservation
The Balearic government has introduced measures to preserve the island’s unique character and natural environment. In 2024, regulations surrounding property development have tightened, particularly in rural and coastal areas. To learn more about preservation efforts and green initiatives, including Prestige Properties’ Going Green Debris Campaign. Restrictions on short-term holiday rentals, for example, have been expanded to address over-tourism and its impact on local communities. While these changes may challenge investors focused on rental yields, they also help ensure long-term sustainability and exclusivity in the market.
The Rise of Digital Nomads and Year-Round Living
Ibiza’s appeal as a destination for digital nomads continues to grow. Enhanced broadband infrastructure and flexible work arrangements have enabled more professionals to relocate to the island. This trend is shifting the market towards year-round living rather than seasonal demand. Properties with home offices, reliable internet connectivity, and proximity to amenities are particularly sought after by this demographic. To learn more about why Ibiza is becoming a hub for digital nomads and year-round holidays, visit Ibiza Prestige’s Digital Nomad Guide.
Key Neighbourhoods and Market Trends
Certain areas of Ibiza remain perennial favourites, with Santa Eulalia del Rio and San José de Sa Talaia continuing to attract families and luxury buyers. Meanwhile, up-and-coming neighbourhoods such as Sant Joan de Labritja and Portinatx are experiencing renewed interest, thanks to their tranquil settings and relative affordability compared to the south.
The ultra-luxury segment remains buoyant, with villas boasting panoramic sea views, private pools, and extensive grounds commanding premium prices. However, 2024 also sees an increase in demand for boutique apartments and smaller, well-designed homes, reflecting a shift in buyer priorities towards manageable, energy-efficient properties.
Future Prospects: A Balanced Outlook
Looking ahead, Ibiza’s real estate market is poised to balance growth with preservation. The island’s enduring appeal as a luxury destination ensures continued interest from international buyers. However, developers and investors must navigate an increasingly complex regulatory environment while aligning with global trends in sustainability and digital transformation.
For prospective buyers and investors, 2025 offers opportunities to enter a market that is not only resilient but also forward-looking. Whether seeking a holiday home, a permanent residence, or a sound investment, Ibiza remains a destination where quality of life meets timeless allure.
As the island evolves, so too does its real estate market, promising a dynamic and exciting future for all stakeholders involved. For more information on purchasing property in Ibiza, visit Ibiza Prestige’s Buyer’s Guide.
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Why buy a property in Santa Eulalia del Río (Santa Eulària des Riu)?
Santa Eulalia boasts a culturally diverse and vibrant community that appeals to both locals and international residents. It offers a range of property opportunities for families, couples, and high-profile individuals, as well as investors interested in rental properties.
The area, known for tranquil tourism and all-year-round living, combines authentic charm with modern, trendy lifestyles. It also attracts those seeking exclusive villas and homes in secure, luxury neighbourhoods due to its array of high-end private urbanisations.
A Guide to the Area and Exclusive Properties for Sale in Santa Eulalia del Río (Santa Eulària des Riu)
Santa Eulalia del Río, located on the east coast of Ibiza, shares borders with Sant Joan de Labritja, Sant Antoni de Portmany, and Eivissa. Covering an area of 153.48 km², it is home to approximately 41,608 people, contributing to the island’s total population of about 150,000.
Renowned for its family-friendly and youthful environment, Santa Eulalia boasts pristine, smoke-free beaches, lush forests, agricultural lands, quaint villages, a Marina Port, the island’s only golf course, and vibrant amenities available year-round.
The municipality comprises the town of Santa Eulalia, the island’s third-largest, and three trending villages: Santa Gertrudis, Jesús, and San Carlos. It offers a mix of authentic charm and modern living – both in and out of season.
Potential homebuyers are drawn to four main areas:
The Southeast: Including Jesús, Cap Martinet, and surrounding areas.
The Town Centre and Siesta.
The Northeast: Including Cala Martina and adjacent beaches.
The Rustic Countryside and Villages: Like San Carlos and Santa Gertrudis.
Let’s explore each area’s unique qualities to understand why buying property in Santa Eulalia del Río is a smart investment.
The Southeast of Santa Eulalia del Río
The southeastern region of Santa Eulalia del Río appeals to a wide spectrum of property buyers, each with distinct preferences.
One significant group comprises individuals and investors drawn to the area’s luxurious lifestyle offerings. These discerning buyers gravitate towards secure, gated communities that boast contemporary, high-end properties. With expansive landscapes, breathtaking views of the Mediterranean Sea, and unparalleled privacy, key locations such as Jesús, Cap Martinet, Can Rimbau, Can Pep Simó, Can Furnet, and Roca Llisa remain highly sought-after. The area’s exclusive neighbourhoods offer the perfect combination of modern amenities and tranquillity, making them ideal for those seeking a high-end lifestyle.
Conversely, another group, though smaller, is attracted to the southeast for its suitability for family-oriented living. Many of these buyers prefer the family-friendly environment of Cala Llonga or the town of Santa Eulalia itself. These areas provide a harmonious balance of community charm and essential modern conveniences, appealing particularly to families and young couples seeking a permanent residence. The southeast’s proximity to other family-centric locations and its welcoming atmosphere enhance its reputation as a top choice for those prioritising community-focused living.
In conclusion, the southeastern part of Santa Eulalia del Río provides an appealing blend of exclusivity and community living, catering both to those pursuing a luxurious lifestyle and to families looking for a welcoming, permanent residence.
Exploring Jesús, Ibiza in Depth
Purchasing a property in Jesús offers the perfect balance of convenience and beauty. This charming village provides easy access to untouched countryside, stunning natural landscapes, top-tier dining establishments, and pristine beaches. Situated within the Santa Eulalia municipality, Jesús benefits from its close proximity to Ibiza Town and Talamanca Beach, making it an ideal choice for those desiring quick access to vibrant city life and elite hotspots like Destino, Marina Botafoch, and Pacha.
Real estate in Jesús is defined by exclusivity and luxury. The area is renowned for its cliff-top homes, perched high above the mountains, offering panoramic views of Talamanca Bay, Dalt Vila, and Eivissa. These premium properties, often located in private communities such as Cap Martinet, Can Rimbau, and Can Pep Simó, represent some of the most desirable real estate options in the Ibiza market, frequently commanding premium prices.
Cap Martinet stands as one of Ibiza’s most exclusive areas, attracting VIPs and high-profile buyers from across the globe. This area is characterised by luxurious villas and apartments with breathtaking frontline sea views, offering both privacy and proximity to Ibiza Town’s nightlife and attractions. Residents can access the secluded Cala Roja beach via a private path, ensuring a tranquil retreat away from tourist crowds.
Located in the Jesús countryside, Can Pep Simó is known for its stunning homes, many designed in the 1970s by acclaimed architects like Erwin Broner. These properties offer unparalleled views of Puig Manyá, San Rafael, and Formentera, making them highly sought-after. The area combines a peaceful, family-friendly atmosphere with easy access to Ibiza’s Old Town.
Can Rimbau, a gated community near Ibiza Town, epitomises exclusivity. The area features a mix of grand mansions, modern luxury villas, and architectural masterpieces, all boasting spectacular views of Eivissa, the Dalt Vila World Heritage Site, and the Mediterranean. Due to its prestige and high demand, Can Rimbau remains a prime location for discerning buyers, with properties often exceeding €4,000,000.
Can Furnet offers a secure, tranquil lifestyle with 24-hour surveillance and fully fenced properties. This community, located in the mountainous countryside, is just minutes from Roca Llisa Golf Course, Jesús, Talamanca Beach, and both Santa Eulalia and Ibiza Town. Buyers here enjoy extensive sea and landscape views, along with access to a tennis club and unparalleled serenity.
Nestled between Jesús and Cala Llonga, Roca Llisa is celebrated for its private golf course and picturesque gated community. Property options include south-facing hillside villas with views of the Balearic Sea and Formentera, as well as lush golf-side residences. Buyers often find opportunities for exclusive villas or buy-to-rent investments, making Roca Llisa a versatile choice for both lifestyle and investment.
Cala Llonga’s family-oriented atmosphere and scenic bay make it a popular choice for buyers seeking a peaceful lifestyle. Properties here range from apartments and detached homes to exclusive villas, all within walking distance of the beach. The village offers a range of dining options, including the renowned Amante Ibiza Beach Club, and provides easy access to water sports, local amenities, and the tranquil Mediterranean lifestyle at an attractive price point.
Santa Eulalia, the third-largest town in Ibiza, thrives with a vibrant community throughout the year. Its iconic white church, "Puig de Missa," perched 52 metres above sea level, is a defining landmark that offers breathtaking views of the town and the nearby mountainside village of Siesta.
Owning a property in Santa Eulalia provides a unique blend of traditional whitewashed homes, contemporary villas, and highly sought-after modern apartments. The Santa Eulalia Marina Port, brimming with impressive yachts, complements the scenic seafront promenade, which is lined with luxurious five-star hotels such as Aguas de Ibiza and the W Hotel. The area’s two expansive beaches add to the appeal, offering golden sands, crystal-clear waters, and stylish bars and restaurants with stunning views of the Siesta mountainside.
Investing in property in Santa Eulalia or the adjacent village of Siesta offers a welcoming, family-oriented community that is steadily gaining its own sophisticated charm. Though not yet as fashionable as areas like San José, recent developments are transforming the town into an upscale destination, attracting more affluent buyers.
Situated on the hillside adjacent to Santa Eulalia, Siesta offers properties with spectacular views of the town, Marina Port, and the shimmering Balearic Sea. Buyers are particularly drawn to Siesta for its tranquil setting and picturesque landscapes.
This serene locale is a prime choice for clients seeking properties with panoramic sea views, making it ideal for investment purposes or tourism licensing. Many properties in Siesta cater to buyers looking for opportunities in the growing Ibiza rental market or as a peaceful retreat amidst natural beauty.
Stretching along the 300-metre white sandy beach of Santa Eulalia lies a stunning collection of nearby beaches on the northeast coast. These include Cala Pada, Playa Niu Blau, Cala Martina, Es Canar, Cala Nova, Cala Llenya, Es Figueral, and Aguas Blancas. Renowned for their serene and family-friendly atmosphere, these beaches showcase natural beauty and tranquillity that make them ideal for both relaxation and recreation.
The northeast of Santa Eulalia attracts various types of property buyers. Families often seek permanent or seasonal residences in this area, while young couples and investors look for holiday homes or buy-to-rent opportunities. The appeal lies in the charming coastal landscapes, authentic local resorts, and panoramic Mediterranean Sea views offered by locations such as Cala Pada, Cala Martina, and Cala Nova.
Despite retaining much of their vintage charm from the 1960s and 1970s, the northeast coast has witnessed a wave of modern developments and upscale hotels in recent years. This blend of nostalgic beauty and chic upgrades has drawn increasing interest from visitors and homebuyers alike.
Notably, the opening of the Bless Hotel in Cala Nova in 2019, a luxurious five-star property overlooking the Mediterranean, perfectly complements the area’s rustic and bohemian allure. Popular spots like Aiyanna Beach Club and Atzaró Beach Restaurant add further sophistication, making the northeast a rising star for exclusive lifestyle and property demand.
Countryside & Villages: San Carlos and Santa Gertrudis
San Carlos, Santa Eulalia
San Carlos, located in the northern part of the Santa Eulalia region, is a charming village steeped in cultural history and a vibrant community spirit. Once a hub for the hippie movement of the 1960s and 1970s, San Carlos has evolved into a picturesque destination while maintaining its authentic roots. Properties here range from terrace houses and apartments to expansive villas and renovated farmhouses, catering to a diverse clientele including families, retirees, and high-profile buyers seeking secluded estates.
At the heart of the village lies Bar Anita, a beloved gathering spot since the 1960s, and the iconic Las Dalias Hippy Market, where locals and tourists enjoy artisanal goods, street food, and live music throughout the year. The village’s relaxed and safe environment, coupled with its proximity to the beaches of the east coast, makes it a perfect choice for families and those seeking tranquil countryside living.
San Carlos is known for its striking agricultural landscapes and organic farmlands, offering properties with expansive open spaces and breathtaking views. This makes it highly desirable for those yearning for rustic yet luxurious living in a natural setting.
In the heart of the island, Santa Gertrudis stands out as one of Ibiza’s most picturesque and charming villages. It enjoys a central location with easy access to Ibiza Town, Santa Eulalia, and the island’s stunning beaches. The village’s recently renovated plaza, lined with traditional bars, restaurants like Bar Costa, Restaurante Santa Gertrudis and Can Mimosa, and boutique shops, exudes a warm and inviting ambiance.
Santa Gertrudis offers an eclectic mix of housing options, including Mediterranean-style villas, modernised fincas, and contemporary homes nestled amidst the surrounding farmland. Buyers are often drawn to the area for its artistic and bohemian lifestyle, supported by unique establishments like SLUIZ, a quirky warehouse offering unconventional home decor, clothing, and dining experiences.
Families particularly appreciate Santa Gertrudis for its proximity to renowned schools like Morna International College and the family-friendly atmosphere. The area’s year-round appeal and community spirit make it a desirable choice for both permanent residents and holiday home seekers.
Whether it’s the boho-chic northeast coast or the serene countryside of San Carlos and Santa Gertrudis, Santa Eulalia offers an unparalleled blend of beauty, culture, and lifestyle opportunities. Each location presents a unique investment potential, catering to diverse tastes and preferences.
Santa Eulalia del Río is steadily gaining recognition as a prime location, with growing demand for luxury properties within the exclusive gated communities of the southeast and the charming village of Santa Gertrudis.
Prospective buyers are often advised to explore beyond the most sought-after areas. Nearby locations present exceptional opportunities to secure properties that offer excellent value for money while remaining in close proximity to the emerging hotspots of the northeast and the central town of Santa Eulalia. These neighbouring areas boast a wide array of exclusive and high-quality luxury properties, ensuring buyers can still access the top-tier living experience Ibiza is known for.
Explore exclusive properties for sale during your Ibiza holiday. Stunning villas in the Santa Eulalia area are ready to welcome you for an unforgettable getaway.
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Everything you need to know about buying a property in Ibiza post-Brexit
Is it a good idea to invest in a property after Brexit?
Is buying property in Ibiza a safe investment? Is it a smart choice? Can you visit frequently, rent out your new home, or even relocate to the island permanently? Will you need a visa? These are some of the most common questions we hear from our UK-based clients eager to invest in Ibiza’s property market. To address these concerns, we’ve created this comprehensive guide to help you navigate the process of buying property in Ibiza post-Brexit.
Buying Property in Ibiza Post-Brexit: Is It Still Possible?
Yes, absolutely! The Spanish government continues to actively encourage international buyers, including British citizens, to invest in Spain. While some rights for expats have changed since Brexit, these changes have not significantly affected international property purchases, especially for second-home buyers.
When it comes to buying a property in Ibiza or anywhere in Spain, the process remains largely the same. However, living in Spain or spending extended periods of time on the island as a non-EU resident now comes with certain regulations and limitations. That said, there are practical solutions to these issues, and if you decide to relocate permanently, there are pathways to full-time residency – which we’ll explore later.
Does Ibiza’s Property Market Remain Resilient Post-Brexit?
Definitely! Ibiza has proven to be a prime destination for second-home buyers and those seeking to relocate, cementing its reputation in recent years. During the pandemic, a surge in property sales highlighted the growing demand for lifestyle investments, and this momentum has continued into 2024. With property prices remaining resilient and demand consistently outstripping supply, Ibiza offers a stable and secure investment environment.
Taxes and Costs to Consider When Buying Property in Ibiza Post-Brexit
Your nationality does not impact the purchase price of a property in Ibiza, and UK citizens are not subject to additional fees post-Brexit. However, the process of buying property in Spain differs from that in the UK and involves specific taxes and fees applicable to both residents and non-residents. These include:
Purchase Tax (Impuesto de Transmisiones Patrimoniales or VAT for new builds)
Notary Fees
Property Registry Fees
Miscellaneous Administrative Expenses
A Spanish notary oversees the process to ensure the property is correctly registered in your name. Notary fees, regulated by the government, vary depending on the property’s value and the complexity of the transaction.
Can I Visit My Ibiza Property Without Issues Post-Brexit?
Travelling between the UK and the EU has become less seamless post-Brexit, but it remains manageable. If you plan to spend considerable time each year at your second home in Ibiza, it’s essential to understand the new limitations.
These restrictions apply across the entire EU but allow you to move freely within the Schengen Area without border control. For UK citizens, the short-stay rules are consistent with those for other non-EU nationals. Generally, these limitations mirror the pre-Brexit travel rules, ensuring short-term visits are still straightforward.
Understanding the 90/180-Day Short-Stay Rule
UK citizens can stay in Spain and the Schengen Area for up to 90 days within any 180-day period. This rule allows you to travel freely across participating Schengen countries, including Spain, without border checks.
For instance:
If you arrive in Ibiza on 1st May, you could stay continuously until 29th July (90 days).
After this, you’d need to leave the Schengen Area until 1st November to reset the 180-day cycle.
For short-term visits like weekend breaks or summer holidays, the rules remain largely unchanged. To help you effectively plan and manage your stays within the Schengen Area, you can use theSchengen Visa Calculator. This tool allows you to track your days and ensure you comply with the 90/180-day short-stay rule.
Can I Stay Long-Term or Become a Permanent Resident in Ibiza?
Yes, it’s possible! The Spanish government has designed visa pathways specifically for non-EU residents who want to stay longer.
Popular Visa Options
Non-Lucrative Visa: Ideal for retirees or individuals not seeking employment in Spain. Applicants must demonstrate a bank balance of at least €34,000 (for six months) and have private health insurance. The visa is valid for one year and can be renewed.
Golden Visa: For those investing €500,000 or more in Spanish property. This visa allows you and your family to live in Spain and offers a pathway to permanent residency after five years. Citizenship is possible after ten years.
Learn more about visa options and residency requirements in our Immigration Guide!
What Are My Options for Renting Out My Property for Tourism?
You can rent out your Ibiza property to tourists, but there are a few considerations:
Tourist Licences: Not all properties in Ibiza qualify for short-term tourist rentals. The application process is stringent and requires compliance with local regulations.
Tax Rates: Non-EU residents are subject to a 24% rental income tax, higher than the 19% rate for EU citizens.
Where to Begin Your Property Search in Ibiza and Find the Right Support
In Ibiza, the White Isle of endless possibilities, finding your dream property becomes a reality with the right guidance and support. Partnering with a trusted, experienced real estate agent is essential to navigating the market smoothly and effectively. At Prestige Properties, we pride ourselves on delivering expert service tailored to your needs.
We are proud to be affiliated with theAPI Ibiza Association, collaborating closely with over 20 of the island’s most professional agencies. This partnership ensures that we stay informed, up-to-date, and compliant with all legal standards throughout your property journey.
Are you interested in discussing the current Ibiza property market or exploring investment opportunities?
Feel free tocontact us today. Our team is here to guide you through every step of your property journey and provide valuable insights into Ibiza’s real estate potential.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Sustainable Development in Ibiza’s Real Estate Market
With Ibiza’s natural charm and booming real estate, sustainable development has become essential for preserving its unique environment while catering to increasing demand. As a prominent agency, Prestige Properties Ibiza has integrated eco-friendly practices to meet the evolving demands of a green-conscious clientele and regulatory frameworks focusing on sustainability.
Embracing Green Architecture
Modern buyers are prioritising properties with eco-friendly architecture. Energy-efficient designs, natural ventilation, and rainwater collection systems are rising in popularity. Ibiza Prestige, for example, champions properties that align with low-impact construction and conservation efforts, promoting homes that reduce energy waste and utilise renewable resources.
Energy Efficiency
Being mindful of energy consumption is essential for both the environment and long-term savings. Property owners can reduce energy usage by installing solar panels, using energy-efficient appliances, and making use of natural light and ventilation. Many homes are opting for natural air-cooling techniques, such as shaded areas and cross-ventilation, to reduce reliance on air conditioning. Small habits, like turning off lights in unoccupied rooms, further contribute to a sustainable and comfortable living space.
The Shift Toward Carbon-Neutral Properties
With a commitment to sustainability, Prestige Properties now operates as a 100% carbon-neutral company. This achievement reflects a broader trend across Ibiza’s market, where builders and agents increasingly adopt carbon-offset initiatives. These efforts involve reducing emissions, often through green energy sources and offset programs, creating a holistic approach to sustainability that resonates deeply with eco-minded buyers and renters.
Enhancing the Appeal of Local Materials and Craftsmanship
Ibiza’s real estate industry is increasingly valuing local craftsmanship and sustainable materials, recognising their vital role in eco-friendly construction. By using locally sourced stone, timber, and clay, developers significantly reduce the carbon footprint associated with material transport. This focus on local resources not only supports Ibiza’s natural landscape but also appeals to buyers seeking authenticity and environmental responsibility. Prestige Properties’s "Going Green Debris Campaign" promotes sustainable practices in construction and waste reduction, further demonstrating a commitment to preserving Ibiza’s unique beauty.
Government Laws and Incentives
Ibiza’s regulations have introduced stricter rules to combat overbuilding and protect the island’s ecosystem. From protected zones to restrictions on water usage, new policies encourage responsible development. These measures not only preserve Ibiza’s landscapes but also enhance property value by maintaining exclusivity and environmental responsibility.
Sustainable Ibiza: A Guide for Eco-Conscious Property Owners
Every decision we make—from the food we consume to our energy use at home—impacts the environment. In Ibiza, a growing community of residents and homeowners is embracing sustainable practices to protect the island’s natural beauty. Organisations like IbizaPreservation play a key role, managing initiatives such as Plastic Free Ibiza, Ibiza Produce, and the Marine Forum. Prestige Properties Ibiza supports these projects through donations and a commitment to reducing its own carbon footprint.
If you’re considering purchasing property and living in Ibiza, integrating eco-conscious practices into your lifestyle and home management can have a significant impact. Our guide offers detailed recommendations for sustainable living on the island, empowering residents and visitors to preserve Ibiza’s unique environment.
Water Conservation
Sustainable water use is especially important given Ibiza’s hot climate. Simple habits—like turning off taps when not in use or using efficient water systems—can save litres daily. Many homes in Ibiza are now incorporating water-saving technologies, such as low-flow fixtures and greywater recycling, to minimise impact and conserve resources.
Future Perspectives: Tech-Driven Sustainability
As we move into 2024 and beyond, technology will continue to shape Ibiza’s real estate market. Smart home systems that monitor energy usage, eco-friendly property management apps, and electric vehicle infrastructure are becoming more common. Buyers increasingly value these innovations, which allow them to contribute actively to the environment without compromising luxury.
In summary, Ibiza’s real estate market is evolving towards sustainability, balancing luxury with environmental responsibility. With eco-conscious buyers shaping market demand, companies like Ibiza Prestige Properties lead the way in promoting a greener, more sustainable Ibiza.
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