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!

      The Benefits of Owning a Luxury Property in Ibiza

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

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

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

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

      The Exclusive and Prestige Status of Ibiza  

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

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

      Owning a Luxury Property in Ibiza Offers a Great Investment Potential

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

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

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

      Owning a Luxury Property in Ibiza comes with Privacy and Security

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

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

      Owning a Luxury Property in Ibiza Offers Exclusive Services and Amenities

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

      Are You Looking to Buy a Luxury Property in Ibiza?

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

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

      We would love to hear from you! 

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

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

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

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

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

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

        Never Underestimate Professionalism and Experience

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

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

        Team Prestige Properties Ibiza

        An Established Real Estate Agent in Ibiza

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

        Online Presence and Marketing Strategies

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

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

        Choosing Your Luxury Real Estate Agency in Ibiza

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

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

        Are we the Right Luxury Real Estate Agent for You? 

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

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

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

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

          Our Best Luxury Properties for Sale in Ibiza in 2023

          This month we’re super excited to share some of our top-fave luxury villas and homes on the real estate market. We hope that by showing you these exclusive properties, you’ll remember why Ibiza remains a hot investment and living destination.

          Real estate in Ibiza has grown significantly in recent years, especially in the luxury segment. Consequently, the island is booming with interest, prices are increasing, quality supplies are dwindling, and demand is high. So, if you’re looking for that dream Ibiza pad, keep an eye on our regular blog posts with our current Ibiza properties for sale to ensure that your dream house doesn’t pass you by. 

          Read on to see some of our stunning homes ready for you to move into and enjoy immediately.

          Can Vista Vedra

          Fantastic finca with incredible Es Vedrá views

          Just 350 meters from the idyllic Cala Carbo bathing bay, one of Ibiza’s most beautiful coastal areas, Can Vista Vedra sits perfectly tucked away. 

          This beautiful three-double bedroom finca, all with en-suite bathrooms, enjoys complete tranquillity and privacy. All on one level, the living area perfectly adjoins the dining area, which directly overlooks the sea and the property’s magnificent pool terrace. From here, you can observe unobstructed views of Es Vedra, the passing boats and unforgettable sunsets. 

          In the separate casita, you will also find a living room, a kitchenette, a bedroom, and a comfortable bathroom. Additionally, there is a small terrace from which you can enjoy the surrounding views.

          With plenty of Mediterranean plants and colourful flowers, the garden offers plenty of places to relax and eat outside. The perfect place to enjoy a gentle breeze on a hot summer day.

          Can Vista Vedra is a unique setting within easy walking distance of the beach. This property also has a coveted ‘tourist rental licence’, which makes it a perfect investment.

          Apartamento de la luz

          A top-notch luxury apartment with amazing views of the old town 

          Located in the heart of the marina, just 350m from Talamanca Beach, Apartamento De La Luz has impressive views and is a sun trap location. It’s a first-line property with stunning views of the open sea and the old town of Ibiza. With a total built area of 174m2, three bedrooms, two bathrooms, and a big open kitchen overlooking Dalt Vila – this home is certainly worth considering. All three bedrooms at the back of the apartment also offer excellent views over Talamanca Beach.

          A truly modern-contemporary home, this apartment has been completely remodelled and cannot compare to any other apartment in the building. The owner has most certainly paid attention to every detail. Guests will be immediately drawn to the beautiful open kitchen with marble work surfaces and eye-catching natural wooden doors. 

          A large and luxe swimming pool within beautiful gardens can be found in the outdoor area of this community. What’s more, throughout the entire year, an exclusive concierge service is available.

          Villa Vistas Dalt Vila

          A Can Furnet villa with a rental licence and spectacular views of the old town.

          In the popular urbanisation of Can Furnet, close to Ibiza Town, Villa Vistas Dalt Vila is complete with a full rental licence. Located on 3060 m2 of land, the property has two plots. The owner bought the second plot to ensure spectacular sea and old town views. So it’s a great investment opportunity with the potential to build a second property.

          This three-storey villa has an open-plan designer kitchen, an open-air gym and an outdoor dining area on the main level. On this same level, we also find the first bedroom – ideal for children, with its little salon and bathroom en suite. There is also a luxurious master bedroom with a gorgeous en-suite bathroom and two additional double bedrooms with walk-in wardrobes. 

          You can access the garden and pool area from the ground or the first floor with a fantastic south-facing pool. Within the grounds, the property also has a lovely guest house, a covered chill-out area, a jacuzzi and an outdoor kitchen on the first floor near the outdoor dining area.

          Finding your Luxury Ibiza Home Has Never Been Easier

          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 can be great, but 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. 

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

            Top investment opportunities and villas in San José, Ibiza

            Whether you wish to call Ibiza your home or are interested in purchasing an exclusive property for investment purposes, you can rely on us, the island’s leading real estate agency, Prestige Properties Ibiza.

            Our portfolio inspires buyers with luxury, modern architecture and interiors, stunning swimming pools, exclusive sea and countryside views, penthouse apartments, and plenty of investment opportunities.

            This month’s blog will introduce you to a range of villas available in San José. San José (Sant Josep de sa Talaia), located in the south-west of Ibiza, is known for its natural beauty and international community of residents. Those interested in purchasing a home here will be pleasantly surprised – an ideal location for investing in a perfect ‘opportunity’ property.

            We invite you to look at our top three picks that might be just what you are looking for…

            Top investment properties in San José, Ibiza

            Villa Elegant San Agustin

            In addition to its privileged location, Villa Elegant San Agustin boasts an elegant contemporary design with four bedrooms and three bathrooms. This villa is located near some of the island’s most famous beaches, near San Agustin, within walking distance of the charming village of San José – and comes complete with a final tourist rental licence, which makes it an ideal investment property.

            This quiet residential community home features a master suite with an en-suite bathroom (with two sinks and a bathtub), three other bedrooms with twin beds, and two bathrooms, one of which is en-suite; the other two belong to the family bathroom.

            This home’s spacious open-plan living and dining room extends outside to a lovely covered terrace with garden and swimming pool views – perfect for al fresco dining and relaxing on sunny island days. The superior house features a minimalist design with pure white walls adorned with rich organic materials, reflecting and complementing its natural surroundings.

            On the rooftop terrace, two wraparound sofas, coffee tables and polished floors overlook the inviting swimming pool below. Exotic palms and mature trees also shade a sumptuously furnished sun terrace. In addition to breathtaking hills and green countryside views, this upper level also offers a glimpse of Ibiza’s legendary western sunsets.

            Ibiza tourist rental licences are becoming increasingly difficult to obtain. Laws have become stricter, and processes can take a long time. It is often considered a golden opportunity to find a property that has already been licensed and is ready to rent out. You can read more on obtaining a tourist license in Ibiza here.

            Villa Campo Cala Conta

            This property is ideal for investors or people looking to live in Ibiza all year round since it offers the possibility to add their own touch to the property, especially since it has all the paperwork in order, and obtaining a license to renovate will not be difficult for this property.

            Located near amenities and with distant sea views, Villa Campo Cala Conta is a charming 4-bedroom villa near Cala Tarida and Cala Conta beaches. There is a living room and dining area overlooking the swimming pool on the ground floor, a kitchen with a separate entrance, and 2 bedrooms with ensuite bathrooms. The third bedroom with an ensuite bathroom can be found in the annexe, only a few metres from the main house’s entrance.

            A fourth bedroom is located on the upper floor of this property, complete with an ensuite bathroom and access to its own private terrace, which provides distant sea views on a clear day. 

            Outside is a 60m2 swimming pool and superb gardens with mature plants.

            In addition, there is further access to a large rooftop terrace with beautiful views towards Cala Conta and San Antonio, which offers fabulous sunsets in summer.

            Lastly, in the basement, under the terrace, we have a garage and ample space to use as additional storage. Don’t miss this opportunity to purchase a home where everything is in place to obtain all necessary licences without a headache, a rarity in Ibiza. 

            Proyecto con Licencia San Agustin

            Proyecto con Licencia San Agustin has recently received planning permission for a rustic Mediterranean-style detached house with a private swimming pool. This 15.153 m2 plot is located in a quiet residential area in the west of Ibiza; just a few minutes’ walk from the beach and restaurants.

            The house is divided into two floors and an additional basement. Three double bedrooms and three bathrooms are on the first floor, along with a separate kitchen and dining area. A central courtyard faces south and is the centre of life in the house, which can serve as extra living space, combining indoors and outdoors during summer. There are many outdoor terraces, some with pergolas or solid roofs, plus a 24 m2 swimming pool. On the upper floor is the master bedroom, with a dressing room, private bathroom with bathtub and private terrace.

            The construction project is ideally suited to those who want to determine their own style and quality requirements from the outset, which can serve as a holiday home and a house for year-round use.

            When you buy a project with a building licence, you can define all finishes precisely to your liking. By having a licence ready, you don’t have to wait the usual 2 years + until you get one authorised, meaning construction can start immediately. With this particular house, after the investment in construction, you will have a finished house that costs ca. 2.100.000 € which is likely to sell for around 2.800.000€ (with the right finishes) if placed straight back on the market – so it’s an excellent investment opportunity all around.

            Buying a property in Ibiza

            When the right investment opportunity property that suits your requirements becomes available, you’re ready to start the process as quickly as possible. There are often some great investment opportunities here. But as the demand is almost always higher than the supply, if the perfect investment property still needs to be added to the market, then actively registering yourself with the right agent as early as possible comes highly recommended.

            Are you looking to buy a property here in Ibiza?

            Let’s chat with one of our agents to help you find a suitable property investment. We would love to hear from you! 

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

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

              All you need to know about selling your property in Ibiza

              Is it time to sell your Ibiza property? With the real estate market at a stable value, Prestige Properties Ibiza can help you sell your property at a great price and with ease.

              Find out everything you need to know about selling your villa or apartment on the magical white island of Ibiza right here with us!

              Is ‘now’ a good time to sell a property in Ibiza: an overview of the real estate market

              Besides being a popular destination for tourists, Ibiza has also become a popular location for international buyers seeking a permanent family residence, a second home or an investment opportunity. 

              There are several reasons why internationals consider buying property in Ibiza, including the wonderfully mild all-year-round climate, beautiful beaches, a lively atmosphere, remarkable architecture, and a unique local flavour. Of course, we shouldn’t forget the great international schools, the high standard of living, and the buyer’s investment return. For these reasons, we see a constant high demand versus low supply for Ibiza real estate, making property values stable and a favourable time to sell your property.

              For more information on the Ibiza property market in 2023, check our recent blog, Ibiza & Balearic Islands Real Estate Market Report 2022 & Forecast 2023.

              Selling your property in Ibiza with a trusted and reputable agency: Ibiza Real Estate Agents

              Real estate agents who understand the Ibiza market can help you buy or sell a home with excellent results. Your property is more likely to be sold or found quickly and efficiently if you use a reputable and experienced agency. Nevertheless, it is challenging to choose which real estate agent to trust on the island due to the vast number of agents available. 

              Choosing a reliable agent is essential. A real estate expert should have education, credentials, certifications, and insurance, just like any expert in any field. Look for well-trained agencies registered with a professional body in Ibiza.

              For more information on finding a reliable real estate agent, look at our guide, ‘How to find a reliable and professional real estate agent in Ibiza’.

              How will my property be valued: understanding real estate prices in Ibiza

              To sell property in Ibiza profitably, we would always advise you to follow the current market prices recommended by your trusted agent. Understanding the local market well from your agent’s expertise is very important. Valuations can vary greatly depending on the property, the town, proximity to the sea, and the area’s status, and the current market. Therefore, all these factors should be considered when selling real estate in Ibiza.

              Wish to get a valuation from one of our experienced real estate agents? Look no further; contact us today!

              Selling your property in Ibiza: legalities, taxes and procedures

              Numerous policies, procedures and costs need to be considered when selling your Ibiza property. For example: 

              The contract must be signed in the presence of both parties and the public notary. If the buyer or seller cannot participate in the procedure, attorneys may act on your behalf. In particular, the notary checks:

              • certificates confirming the absence of encumbrances of the object;
              • the correctness of the contract;
              • the parties have bank accounts in local banks necessary for the conclusion of the transaction.

              The subsequent transfer of ownership when selling a property in Spain is also controlled by a notary. To speed up and simplify the procedure, you can enlist the support of a lawyer who will help prepare documents and avoid several difficulties. 

              Like in other European countries, both parties must pay specific tax fees when selling real estate in Spain. From the seller’s point of view, when concluding a transaction, the following costs should be expected:

              1. Municipal Capital Gains Tax. 
              2. Income tax. 
              3. Tax on changes in the cadastral value of an object. 

              In our guide on the property selling process, you’ll find all the information you need, in detail,  including a thorough list of procedures, taxes, costs, and some handy tips and points of reference. 

              This guide can be used throughout your seller’s process, and if you need any additional advice, we will be happy to assist you.

              Sell a villa in Ibiza - legalities, taxes and procedures

              Are you ready to put your Ibiza property on the housing market?

              A professional real estate agency with the necessary skills, knowledge, and infrastructure makes selling a home much less stressful. You should always contact a few companies and ideally arrange to meet at their physical offices to better understand their markets, work ethic, and personal connections.

              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. Need to know more, check out our website article, ‘15 reasons to sell your property with Prestige Properties Ibiza’.

              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 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!

                Looking to buy a Villa in San Antonio (Ibiza) in 2023?

                San Antonio is the second largest city on the island of Ibiza, known for its beautiful beaches, magnificent sunsets, and vibrant nightlife. In this article, we’ll discover the areas surrounding this popular tourist destination, revealing the best areas to buy a property in the San Antonio, Ibiza municipality.

                The history of San Antonio Ibiza, tourism and real estate rise

                Until a few decades ago, San Antonio town was still a local fishing village dating back 2000 years. In the 1980s, many ex-pats, particularly from Britain, moved to San Antonio to experience the dreamy Mediterranean lifestyle. Eventually, the area became a leading holiday destination, increasing the value of local properties and villas. 

                As a result, San Antonio has become an increasingly popular residential area for islanders and ex-pats alike, creating a notable British culture. Recent years have seen the real estate market gain recognition for its exclusive property locations and incredible opportunities for luxury homes and penthouses at very reasonable prices compared to the rest of the island.

                Why buy a Villa in San Antonio Ibiza? 

                When considering a Villa in San Antonio de Portmany, it should be no surprise that this beautiful coastal town offers a wide range of local amenities and a community atmosphere. There will never be a dull moment for you.

                Mambo Cafe, Cafe del Mar, Savannah, and Mint Lounge are some of the well-known music venues in town, yet the area is also home to an array of vibrant and popular restaurants and possibilities; some of our favourites are:

                • Es Tragón. An awarded Michelin Star restaurant
                • Sa Capella. Great traditional cuisine from its 16th Century converted church.
                • Kumharas. Street food, cocktail bar and outdoor yoga with sea view
                • Amare Beach Hotel Ibiza. Spectacular sky bar 
                • Cine Regio. San Antonio’s historical and extravagant local cinema
                • Aquarium Cap Blanc. A natural aquarium inside an underwater cave with typical Ibiza marine species
                San Antonio de Portmany

                Debunking San Antonio’s bad reputation,

                Unfortunately, San Antonio has acquired the reputation of being a hedonistic and low-budget tourist destination. However, the party scene represents just a small portion of the town’s soul; other noteworthy points of interest include:

                • Spectacular beaches and coves 
                • A family-friendly atmosphere
                • Local Ibicencan culture and cuisine 
                • The best island sunset 
                • Proximity to Eivissa town and to the best clubs and chiringuitos on the island 

                The municipality of Sant Antoni de Portmany is guaranteed to leave a lasting impression and ultimately dispel any false notions about the area

                We promise you that if you’re considering buying a property in Ibiza, San Antonio is definitely one of the best and most underrated areas to consider. 

                San Antonio, Ibiza: one of the most reasonably priced areas on the island

                From some of the island’s best beaches to breathtaking sunsets and a vibrant, family-friendly atmosphere, San Antonio has so much to offer. Property prices in the island’s second-largest town remain relatively affordable, which is probably its best feature.

                For example, San Antonio is one of the few areas where it is possible to buy a 3-bedroom house for €500k, or a 6-bedroom villa for €1.5M (to be renovated).  While these prices can also be found in less popular neighbourhoods of Ibiza town and Santa Eularia, San Antonio offers the best deals. 

                Cala Saladeta, Ibiza - San Antonio Municipality
                properties and villas in San Antonio, Ibiza

                The beaches of San Antonio, Ibiza

                San Antonio’s beaches are a paradise of natural gems with white sand coves, coastal paths, glistening waters, and bewitching sunsets. Despite the difficulty in defining a top few, these three are certainly special:

                • Cala Gracio, 
                • Cala Salada & Cala Saladeta,
                • Punta Galera.  

                All these spots are popular with visitors, so if you are considering purchasing a property in Ibiza for investment and touristic rentals, they are highly recommended.

                Cala Salada & Cala Saladeta

                From Villas in Cala Salada, you can gaze at sunsets and sea views surrounded by nature. The town offers waters perfect for snorkelling and swimming. Residents in Cala Salada love the natural and hidden beauty but appreciate the convenience of being close to town and nearby villages within minutes.

                Via the rocky paths that lead down from Cala Salada, you can reach its smaller sister Cala Saladeta, an even more secluded cove with golden sand and crystal clear waters. 

                Aerial view of Cala Saladeta, Ibiza islands, Spain

                Punta Galera

                There is no other place on the island with a cliff edge that can offer such a picturesque beauty as Punta Galera. Beach lovers who love nature and appreciate fewer human gatherings will love this spot. 

                Cala Gracio

                Imagine an area filled with pine-clad hills and landscape views. Now add white sand and pool-like waters. It’s no wonder that Cala Gració is so appealing that many people rent a vacation villa or buy a property here.

                Countryside and Villages around San Antonio, Ibiza

                Exclusive villas in San Antonio’s countryside and villages feature views of rural landscapes and fascinating sunsets. The municipality comprises three picturesque villages characterised by traditional white churches: Santa Agnes, San Mateo and San Rafel.

                Santa Inés (Agnes), Ibiza

                Santa Inés’ beauty is well-known among tourists and photographers in Ibiza. They merely visit the area to marvel at its fields and landscape. 

                With acres of almond trees and cliff top walks overlooking the Islets of Ses Margalides, Santa Inés is a true haven. Also, while other major sunset spots like Es Vedra are often packed, this place is incredibly secluded and often overlooked.

                Last but not least, the almond trees bloom in February with pretty pink and white blossoms. 

                San Agnes Ibiza almonds

                San Mateo’s nature and hiking

                A small, picturesque village surrounded by almond trees, vineyards, and orchards: San Mateo is a beautiful place to seek a property for sale. The small village offers a calm and traditional atmosphere, perfect for nature lovers. From here, a steep rocky trail will lead you to Cala Aubarca (Cala d’Albarca), where many hikers travel to cross a stone bridge on the sea.

                San Rafael, restaurants and pottery

                San Rafael is a tiny but vibrant village with plenty of good restaurants to choose from, such as:

                San Rafael is also known as an "Area of Artisan Interest.". This village is home to some of the best potters on the island.  

                In conclusion, there’s something for everyone in the municipality of San Antonio: some of the best nightlife and beaches on the island, tranquil and traditional villages, and spectacular rural landscapes.

                Buying a villa in this area is a great investment with some of the lowest prices in Ibiza and properties of a diverse nature: ranging from modern contemporary architecture to traditional fincas, passing through luxury apartments with the best views.

                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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