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

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

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

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

Selling Property in Ibiza and Home Evaluation

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

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

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

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

Selling Property in Ibiza and Home Evaluation

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

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

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

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

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

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

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

Ideally, you will have: 

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

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

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


Getting a Realistic and Fair Evaluation for Your Ibiza Property

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


Are you ready to sell your Ibiza property?

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

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



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

    Exclusive Homes and Villas for Sale near the Most Popular Beaches in the South of Ibiza

    There is much to love about Ibiza, not just for its trendy tourism, cosmopolitan lifestyle, A-list hotspots, amazing restaurants, and beach clubs – but also due to its spectacular beaches and natural surroundings. It’s really no wonder that the real estate market and popularity of buying second homes on this Balearic Island, especially in the luxury housing sector, has skyrocketed in the past decade as Ibiza becomes one of Europe’s top destinations. 

    Having your dream home or villa in one of the island’s most sought-after areas and coveted locations could not be more appealing. We invite you to explore our premium locations and exclusive homes and villas for sale near some of the best beaches in the south of Ibiza –– read on to discover what’s on offer.


    What are the prime locations to buy a property near the beach in the south of Ibiza?

    Most people associate the south of the island with its vibrant Mediterranean culture and luxury lifestyle. The area is home to a stunning coastline, exciting nightlife, a vibrant capital, VIP celebrity hotspots, and Ibiza’s most extravagant port. So, what are some of the top prime locations to consider buying an exclusive home or villa near the beach in the south of Ibiza?

    Properties for Sale in Marina Botafoch and Ibiza Town near the Southern beaches, Talamanca and Es Figueretas.

    Living in the city centre, old town (Dalt Vila), its extension or in the Marina Botafoch and Paseo Maritimo area offers nothing less than being in the centre of it all with close proximity to some of the area’s best beaches, socialite spots and, of course, the airport. This area tends to attract buyers of all kinds –– particularly those who appreciate historical architecture and life in the centre of the city’s vibrant culture, especially during the height of summer. 

    Ibiza town Dalt Vila night view
    Living in Ibiza - Marina Botafoch and Talamanca aerial view

    Areas such as Marina Botafoch and the Old Town (Dalt Vila) are very popular but pricey, which tend to suit a higher-profile and cosmopolitan clientele, particularly second-home buyers and investors. Specifically, Marina Botafoch has become a highly sought-after socialite hotspot with an international nightlife scene and some of Ibiza’s most luxurious apartment buildings right in front of the island’s main Marina Port. Close to here is where you will also find residential communities like Vista Alegre, which is home to the most spectacular newly built villas on the island, designed by world-renowned architects.

    Ibiza Town’s and Marina Botafoch’s closest beaches are Talamanca and Ses Figueretes. Here, you get the best of both worlds: living close to the trendy city, the marina, beach life, and a family-friendly young community.

    Talamanca offers several contemporary Mediterranean villas and new apartments, while Figueretas caters more to young couples and families seeking more reasonably priced vacation homes.

    Read our recent blog here for more on buying a property in the area of Ibiza Town 

    Properties for Sale near the south’s best beaches in the area of Jesús, Ibiza

    Jesús offers an undeniably chic and cosmopolitan lifestyle in a convenient and refined island setting. Despite being in the municipality of Santa Eulària des Riu, the village is close to Eivissa, the main town, and the airport as the popular beach of Talamanca as well as the numerous tourist hotspots of Marina Botafoch, Destino, and Pacha. Jesús is an excellent location due to its direct access to several island destinations, a chic village and a sophisticated lifestyle. The properties available to buy and rent tend to be exclusive, modern, contemporary villas in the surrounding countryside or private urbanisations. This naturally offers its residents and visitors plenty of upscale living. 

    Jesús is conveniently located near all the best beach hotspots previously mentioned, and both Talamanca and Es Figueretas in the Ibiza Town and Marina Botafoch area.
    For more on the area, visit our blog life in Jesús.

    Properties for Sale near the south’s best beaches in Ibiza – Ses Salines, Es Cavellet and Cala Jondal

    The most popular area in the south for second-home international buyers to invest is undoubtedly Ses Salines, Es Cavellet and Cala Jondal. These up-market locations all offer easy access to the unspoiled countryside, Ibiza Town, and the island’s most popular beaches, as well as fashionable bars and restaurants frequented by A-list celebrities like Sa Trinxa and El Chiringuito, the famous Blue Marlin Ibiza Beach Club. These southern Ibiza spots are considered the finest and most attractive places for lifestyle vacationers to enjoy exclusive VIP status. 

    Las Salinas (Ses Salines) - buy a property in Sant Josep

    There are only a few villas present in Cala Jondal, Es Cavellet and Ses Salines, so finding a property for sale here is a rare commodity. Despite its low supply, this spot in the south is always in high demand – with a demand for spectacular cliff top villas and modern architecture. Those who find a home in these areas are incredibly lucky to reside in an unbeatable up-market and affluent area.


    Ibiza’s most popular tourist resort, Playa d’en Bossa is also one of the best beaches in the south, with its long sandy beach (3km!) and many fashionable beach clubs aimed at young and affluent guests. Although Playa d’en Bossa is primarily considered a summer destination, local residents often visit and reside in the area and is deemed a prime location for those looking to buy an exclusive home or villa near the beach in the south of Ibiza.


    Villas for Sale near the Best Beaches in the South of Ibiza, Es Cubells

    Es Cubells is one of Ibiza’s smallest villages. Besides its white Ibicencan church, which is beautifully located on the edge of the cliff, there are only a couple of local bars making up the entirety. Located at the foot of striking cliffs typical of this area are three little coves separated by rock formations. The pebbled beaches and crystal waters entice one to bathe among the rocky sea bottoms where divers can discover countless interesting corners. Es Cubells’ cliffs are renowned among hikers and nature lovers for its spectacular views from the top.

    Cala Llentrisca Ibiza

    Es Cubells offers miraculously peaceful and unparalleled surroundings combined with the most authentic local fishermen beaches and coves like Ses Boques, Cala Llentrisca, Es Torrent, Porroig, and Cala d’Hort Natural Park. Buying a property near the beach in Es Cubells is hard to come by –– but when found they tend to offer expansive landscapes and grounds with sweeping, south-facing sea views.

    For more on the area, visit our blogs, buying a property in San José.


    Let’s Help you Find your Perfect Property for Sale near the Beach in the South of Ibiza

    Let’s talk about finding the right investment property for you. We’d love to hear from you! 

    Whenever you see a property that meets your needs, we strongly recommend you contact us. Investing in Ibiza is a great option, and demand is almost always higher than supply, so properties often sell quickly –– especially for exclusive homes and villas for sale near the beach in the south of Ibiza.

    Take advantage of the opportunity to make an appointment to visit any of our properties mentioned above or others we currently have on the market with us today. We also offer virtual tours upon request. 



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

      The Costs of Owning a Property in Ibiza

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

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

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

      Costs of Buying and Owning Property in Ibiza - Prestige Properties

      The costs associated with Owning a Property in Ibiza 

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


      Understanding Property Taxes in Ibiza for Homeowners

      Your IBI (Property Tax)

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

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

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

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

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

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


      Your Basuras (Waste Collection Tax)

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

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


      An Overview of Maintenance Costs when Owning a Property in Ibiza

      General Maintenance Costs

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

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

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


      Home Improvements and Renovation Costs when Owning a Home in Ibiza

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

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


      Larger Renovation Projects

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

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


      Costs of with selling a property in Ibiza

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

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

      We would love to hear from you! 


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

        Exclusive Homes and Villas for Sale near the Beach in the North of Ibiza

        Ibiza is famed for its breathtaking beaches, azure waters, and charming fishermen’s coves. The natural beauty of our island and its impeccable coastal paths have made it one of Europe’s top vacation spots and places to buy second homes, especially for luxury beachfront and sea-view villas. 

        What could be better than watching the sun rise and set over the horizon of the Mediterranean Sea directly from your home? At Prestige Properties, we have a top-of-the-line portfolio of Ibiza homes and villas for sale near the beach in the most exclusive spots – and we would love to share them with you.

        Discover our top favourite properties and luxury homes in the north of the island with seafront views or within a short 15-minute drive from your local beach right here.


        Villas near the beach in the north of Ibiza 

        The north of the island, well-known for its outstanding countryside and untouched beauty, is home to some incredible beaches, nature reserves, and panoramic views. Here, you will find some of Ibiza’s most authentic and rustic beaches, much different from the usual A-list beach hotspots of the south. 

        Benirrás Ibiza

        Known for its authenticity of the 70s, Cala de Benirrás is a sunset dream. This beach in the north can get exceptionally busy during the summer –– especially on Sundays when locals play drums and fill the atmosphere with percussion as they bid farewell to the sun. Here, huge crowds dance and enjoy pleasant vibes, and this picturesque spot comes alive with the true Ibiza spirit. For people who like a little more eloquence and sophistication, Elements Ibiza is the perfect place to soak up the Benirrás atmosphere. As one of the most popular beach restaurants in the north, Elements Ibiza offers a welcoming environment and a spectacular breakfast, lunch, and dinner menu. 

        Xarraca Bay Ibiza

        With its crystal clear water and fine granulated sand, Xarraca Bay is gorgeous. This small beach will make you feel like you’ve stumbled onto your own patch of paradise. You’ll feel Ibiza’s true natural essence here with lush, green forests and rocky terrain surrounding you. When visiting Xarraca Bay, remember your snorkel gear, as the rocky terrains are also submerged underwater with exceptional wildlife and beautiful schools of fish. The area is home to only one typical local restaurant –– Restaurante Cala Xarraca, which serves a wide range of fresh fish and local seafood typical of the island. Locals, residents and fishermen regularly frequent this spot as a more authentic place to enjoy traditional gastronomy and sundown over a little Sangria.

        Portinatx Ibiza 

        On Ibiza’s northern shores, Portinatx is a beautiful resort surrounded by sparkling turquoise waters and gorgeous pine-covered hills. Due to its location on the island’s northeast tip, it has become very popular with both families and couples. A true great escape, Portinatx is blessed with three pale gold sandy beaches. Despite its location away from the buzz of the more crowded areas, this resort is still filled with vibrant nightlife, music bars, plenty of restaurants and even a few late-night clubs. Portinatx is another wonderful place to watch sunsets, which overlooks a peaceful, scenic view of an idyllic landscape.

        What’s Special about Buying a Home near the Beach in the North of Ibiza

        In the north of Ibiza, you will find some of the most impressive villas and homes on the property market. Many villas offer stunning sea views and sunsets or, as we’ve mentioned, are within close proximity to the beach. But, aside from the luxury of these famed beach spots. What else is unique about buying a home near the beaches of the north of Ibiza?

        In the north of Ibiza, home buyers can find authentic charm and modern villas in exclusive cliff-top locations. Property buyers in this area are typically attracted to the island’s less crowded villages and trending rural appeal. Compared to the South, life is more relaxed and slower in these communities, as residents are tight-knit, family-oriented, and enjoy their luxury lifestyle year-round.

        In this section, you’ll find some of our favourite luxury villas and homes near the beach in the north of the island.

        Let’s Help you Find your Perfect Property for Sale near the Beach in the North of Ibiza

        Let’s get talking about finding the right investment property for you. We’d love to hear from you! 

        Whenever you see a property that meets your needs, we strongly recommend you contact us. Investing in Ibiza is a great option, and demand is almost always higher than supply, so properties often sell quickly.

        Take advantage of the opportunity to make an appointment to visit any of our properties mentioned above or others we currently have on the market with us today. We also offer virtual tours upon request. 


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


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

          Is Ibiza a good place to buy a property?

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

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

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

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

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

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

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

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

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

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

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

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

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

          buying and selling of homes in the balearic islands 2022

          Ibiza Real Estate Properties for Tourism and Rentals

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

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

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


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

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

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


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

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

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

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





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

            Spanish Golden Visa 2023: Residency through Property Investment

            Spain continues to be a popular place for international buyers thanks to its world-class beaches, rich culture, and property investment opportunities. However, Ibiza’s residency and visa requirements often need to be clarified for non-EU residents. 

            Thanks to the Spanish Golden Visa program, international buyers who are not part of the European Union (EU), European Economic Area (EEA), or Switzerland can now financially invest in Spain and gain a legal permit – offering the opportunity to secure residency in Spain. 

            Read on for practical insight, the latest information on obtaining a Golden Visa in Spain, and how we can help you! 

            Cala Salada

            What is a Spanish Golden Visa 2023?

            Spanish Golden Visas are a residency-by-investment program launched by the Spanish government in 2013 as part of their national strategy to boost their economy and attract foreign investment. Often called Spanish Investor Visas or Spanish Residence Permit Programs, the Golden Visa requires property investors to spend a minimum of €500,000 to qualify.

            The Golden Visa allows holders and their families to live in Spain and become permanent residents after five years, with the possibility of becoming Spanish citizens after ten years.


            Am I Eligible for a Spanish Golden Visa and Permanent Residency in Ibiza, Spain?

            The Spanish government provides residence permits to non-EU, non-EEA, or non-Swiss citizens with a qualifying financial investment in the Spanish economy. Permanent residency is then later possible after five years of living in Spain. However, during those five years, you must show you spent less than eleven months outside Spain.

            General requirements for Golden Visa Spain:

            • Primary applicant must be over 18
            • You must make the required substantial investment
            • Criminal records must be clean
            • Applicants cannot appear on the nation’s undesirables list
            • Applicants must have valid medical insurance
            • No previous visa or Schengen entry refusal
            • Funds are required for applicants to sustain themselves in Spain

            How Do I Apply for a Spanish Golden Visa?

            Once you buy a property for at least €500,000, you’ll automatically qualify for a one-year Golden Visa. If your investment is still in place during that first year, you’ll have to apply in person for your two-year initial residence permit. 

            You can apply by following these steps:

            • Make a qualifying financial investment
            • Ensure your documents are translated into Spanish and English and legalised as per Spanish government regulations
            • File the initial application with the Spanish Consulate
            • Book an interview
            • Attend a biometric collection session in Spain and wait for final approval
            • Upon approval, pay the government permit issue fee.
            • Open a Spanish bank account and NIE
            • Your visa and residence permit will be issued and valid for one year
            • Renew your residence permit at the end of year two
            • Become a permanent resident in year five
            • Apply for citizenship and a Spanish passport after ten years

            What documentation and fees do I need for a Golden Visa application?

            You must submit the following documents to apply for a Golden Visa and renew it. It’s wise to check with your nearest Spanish Embassy or Consulate for more information about additional documents in each case.

            Here’s what you’ll need:

            1. Completed application
            2. Passport, valid for at least one year, with two blank pages (original and copy)
            3. Recent passport photo
            4. Valid medical insurance (original and copy)
            5. Photocopy and original translation of medical certificate
            6. Your country of origin’s criminal record certificate 
            7. Proof of visa fee payment in local currency
            8. Proof of legal residency in the consular district
            9. Proof of the legal representative’s identity and capacity

            Financial Guarantee

            A financial guarantee of €2,130 per month for two years and a further €532 for each dependent person under their charge is required for obtaining a residence visa. This can be done by submitting originals and copies of your bank statements for the past 12 months, showing deposits and transactions.

            Further Documentation for Applicants with Family

            All family members must sign the same general documents listed above. Additional marriage and birth certificates and a medical statement proving a child’s dependency if they are over 18 are also required.

            Buyers’ Documents

            You must include a Property Registry Filing certificate or notarised deeds verifying that the deeds have been submitted to the Property Registry with your visa application.

            Applicable Fees

            The Golden Visa application fee for real estate investments is currently €1,910. For added family members, the cost is an additional €1,202. After this, there are standard legal costs, typically around €8,000 for a single applicant, €10,500 for a family of four, and an extra €2,500 for each renewal.

            Additional Taxes to Consider 

            Foreign Income Tax, Personal Income Tax (PIT), Capital Gains Tax, and Property Tax are some taxes you must consider when applying for the Golden Visa in Spain.

            Sa Caleta Hills Exclusive Villa Ibiza with stunning sea view

            How Can I Start the Golden Visa Application and Property Search in Ibiza?

            With the proper assistance, your residency and relocation are more than possible on this beautiful White Isle. We at Prestige Properties would gladly assist you as an experienced, professional and reliable agency.

            If you want to speak with one of our agents about starting your Golden Visa application and the current investment opportunities, contact us today



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

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