How to Obtain a Tourist Rental License in Ibiza

If you want to invest in a property in Ibiza for tourism rental purposes, you must carefully carry out thorough research and plan. It is essential to take caution – as you will see, obtaining a tourist rental license is not easy. 

In 2012, a new law was passed, the ‘Ley de Arrendamientos Urbanos’, or LAU (Urban Leases Act). Under this law, short-term holiday rentals were allowed as long as you met the standard requirements. However, later in the summer of 2017, the law changed significantly and getting a permit got a lot tougher. Nowadays, many properties in Ibiza are not eligible for tourist rental licenses. 

To help you, we have created a short guide that provides all of the information you need to obtain a tourist rental license in Ibiza. However, seeking legal advice comes highly recommended as laws and regulations are constantly changing. Ensuring everything is correct and legal can save you hefty fines and unwanted situations.


Is my property eligible for a tourist rental license in Ibiza?

If you’re renting your place for less than a month, you need a tourist rental license. Ibiza’s tourist rental licenses tend to be for detached houses. However, it doesn’t mean all detached houses will get a tourist license. All requirements must be met, no matter what. 

If you want to buy an apartment to rent out for holidays, you should be aware that a tourist licence may not be accepted. Licenses were not previously allowed in shared buildings (therefore apartments), and even though this regulation has now changed and apartments are now theoretically permitted, in reality, they must first be approved by the local authorities’ board.


Ibiza has a set of minimum requirements that properties must meet to receive a tourist licence.  The following list outlines the main requirements, although there are other factors to consider related to any given property:

  1. There must be an occupancy certificate for the property, known as the ‘Cedula de Habitabilidad’.
  2. Residents’ quality of life is the primary concern. The property must be located within a "tourist zone". These zones are based on environmental data, population statistics, and planning criteria without compromising an area’s management capabilities or resources.
  3. When a previous sanction for a severe breach of a holiday rental licensing law exists, a home cannot be rented for vacations. Naturally, once the sanction is fulfilled and the property’s legality is restored, the property may again be considered for vacation rentals. Therefore, when looking for a tourist license, you should request a ‘certificado de inexistencia de infraccion urbanistica’’ to ensure no sanction exists.
  4. Before the house can obtain a touristic license, it must be at least five years old, and during those five years, it must have been used as a private residence.
  5. The property must also possess an energy certificate. Specifically, the construction of a house must meet the F rating for buildings constructed before 31/12/2007 and the D rating for buildings built after that date.

Rental licenses are now available for apartments, but only if the board of owners approves. Additionally:

  1. Licenses must be renewed every five years.
  2. Renters must be informed in writing about the house rules and must respect them.
  3. Renters who do not respect the regulations must vacate the property within 24 hours.
  4. Insurance must cover potential damage the clients may do to community property.
  5. The community must have a 24-hour service number.

How do I apply for a tourist rental license to rent my property in Ibiza?

To obtain a tourist license from the local council, applicants must submit the following documents: 

  1. A "responsible declaration" ("Declaración Responsable de Inicio de Actividad de comercialización de estancias Turísticas en viviendas") which meet the criteria for tourist rentals in Ibiza
  2. Plans and documents related to the property
  3. Ownership documentation
  4. The number of guest beds must not exceed the number of people legally allowed to occupy the property according to the certificate (cédula).
  5. The local council issued a certificate proving that the property is located in a holiday-letting area (tourist zone).
  6. Proof that the property meets the legal requirements for holiday rentals
  7. Once you have paid the application fee, you will receive a preliminary rental license number.

For more detailed information and to proceed with obtaining a rental licence, please visit Bufete Frau Legal Service and Specialist for Real Estate Law for more information, legal advice and support with filing your application.


How long will I need to wait before I can start renting my property in Ibiza?

Upon submitting your tourist rental license application, you confirm that your property meets all the required criteria. Once you have applied, you will receive a preliminary rental license number and you can immediately begin renting out the property. An inspector will carry out all the relevant checks at a later date. After this, if there are any inaccuracies, omissions, or falsifications in the application statement, the registration will be cancelled, and holiday rental activity will be suspended immediately. Once a rental license number (whether preliminary or final) has been allocated, it must be used for advertising on portals like Airbnb so that guests and authorities can check whether a holiday rental is legal.

IMPORTANT DISCLAIMER: Since February 2022 there is a 4-year moratorium on the "creation of new tourist beds" which effectively means a hold on all applications of new rental licences in the Balearics. This means that while you are free to submit the paperwork and fees, they will not be processed for (at least) the next 4 years and no preliminary numbers will be issued. You can read more on this subject in the following article:
Balearic Tourism Law: Moratorium of up to four years to build new tourist accommodation in the Balearic Islands (diariodemallorca.es)


What happens if my new property or villa in Ibiza already has a rental license or application at the point of purchase?

Those who wish to purchase a property with a current tourist license need not worry about reapplying. However, you should still check everything thoroughly. Approved licenses will always have an ETV certificate (Estancia Turistica en Viviendas). 


What costs are involved when obtaining a tourism rental license in Ibiza?

The price for a rental permit is currently €600 for the application plus the following per bed:

One bed: €4.300,00
2 beds: €8.643,00
3 beds: €13.029,40
4 beds: €17.459,70
5 beds: €21.934,30
6 beds: €26.453,70
7 beds: €31.018,20
8 beds: €35.628,40
9 beds: €40.284,70
10 beds: €44.987,50
11 beds: €49.737,40
12 beds: €54.534,80



Do you want to buy a property with a tourist license or rent your property for holidays in Ibiza? 

Before you embark on your buying journey, choose the right real estate agent and a legal team who can help you carry out your research and make an informed decision. If you require assistance in your search or you have any additional questions that you would like addressed, please feel free to 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 Through the Keyhole of Ibiza’s Top Rental Villas – Can Rocas

    Now that travel is back on everyone’s agenda, Ibiza is of course getting ready to enjoy another great season. If you’re still undecided about when or where to take your summer vacation, then take a look at our rental property – Can Rocas – which may be exactly what you are looking for!

    This modern property with typical Ibicencan architecture and state-of-the-art gardens offers nothing short of an oasis of relaxation. The perfect retreat for friends and family to spend a week or two under the heat of Ibiza’s sun.

    With easy access to many of the island’s best beaches (between Ibiza Town and San José), Can Rocas is ideal for those who want to stay in a highly cosmopolitan part of the island, but still want to be able to escape the hustle of tourism crowds.

    Sound appealing? Why not venture with us and take a look through the keyhole of one of our top Ibiza rental villas?

    Can Rocas: An Exclusive Ibiza Property to Rent with Stylish Designs

    On arrival, you will feel immediately assured that you have entered an exclusive Ibiza home, where every single detail has been meticulously crafted, in line with 5-star accommodation standards. This completely renovated villa combines modern interior design with a sober mix of ethnic touches throughout. Living spaces are bright and spacious woven with clean organic and neutral colours. Despite its minimalist style and approach to decor, this elegant Ibiza property is laced with luxury and high-spec fixtures and furnishings.

    With its floor-to-ceiling french patio doors and windows, the house offers a pleasant indoor/outdoor experience, with direct access to the large swimming pool and gardens from almost any room. In spite of its open-plan nature, Can Rocas has been thoughtfully designed with separate zones for quiet time and individual space. And that’s just the beginning.

    Can Rocas: Five Bedroom Ibiza Rental Property with Elegant En-Suite Bathrooms

    Each of the five bedrooms, which are designed in the same style as the main body of the house, has its own elegance and sophistication. The en-suite bathrooms in each bedroom have either a high-end bathtub or shower, and you may be left wondering whether the features of the en-suites rival the main aspects of the rooms themselves. It’s hard to deny that the Master Bedroom’s freestanding bathtub, located directly at the foot of the King-size bed andoverlooking the garden, is one of the most attractive features of the house.

    Can Rocas: An Ibiza Holiday Rental with Large Lush Mediterranean Gardens & an Elegant Swimming Pool

    Why would you book a holiday to Ibiza if not for the hot summer weather in the Mediterranean? And, for you to make the most of the great weather, you need to book a villa in Ibiza with large surrounding gardens, a big swimming pool, lots of chill-outs, and outdoor dining spaces. Well, Can Rocas ticks all these boxes and much more.

    You will certainly enjoy plenty of privacy and tranquillity on the grounds of Can Rocas. The garden itself is dotted with inspirational sculptures, including a large Buddha, an apple, and a stylish set of DJ headphones. In fact, there is something sensational about all its various features from the well-maintained lush lawns, tropical palm trees, pine trees, and the long, narrow pool that runs the length of the villa. Of course, there are also plenty of cushioned sun loungers, a relaxing hammock, and a large comfortable sofa chill-out zone, perfect for events. Similarly, the outdoor dining area boasts a solid wood-oak banquet table fully covered by a terrace canopy for all those wonderful outdoor dining occasions. A central courtyard with a feature olive tree is also noteworthy, which gathers the main bedrooms together, all opening through their sliding french doors offering direct access to an outside shaded chill-out space.

    Can Rocas: A Perfectly Located Rental Villa Close to Ibiza Town, San José and all the Top Beaches of the South

    All within a 15-minute radius to the most beautiful beaches of the south, the nightlife of Ibiza Town, Marina Botafoch, Las Salinas, and some of the island’s most renowned beach clubs like Blue Marlin, this wonderful holiday home sits close to all the action, yet quietly in a rural setting.

    What’s more, you don’t even need to lift a finger while you’re here. There are two housekeepers, a laundry and towel service, and a property manager to ensure that your stay is as comfortable as possible. And, if you wish to really indulge in an extra relaxing week, Can Rocas offers the right facilities so you can also hire a private chef and a hospitality team to cater to your every need. Our Prestige concierge agents will arrange all those extras required to make your stay as pleasant and memorable as possible.


    Book your Luxury Ibiza Holiday Rental Property with Prestige Properties Ibiza

    Vacation rentals at Can Rocas are an excellent choice for a relaxing getaway. Take a well-deserved break and spend time with your family and friends by booking today.

    The upmarket villa rentals we offer cover all of Ibiza’s municipalities, including Santa Eulalia, Santa Gertrudis, San José, San Antonio, Eivissa, and San Juan, which come in many sizes, styles, and budgets.

    Check out our website rental page or see our special offers for your perfect vacation in Ibiza.


    Prefer to chat with one of our agents to help you find the perfect holiday property in Ibiza? We would love to hear from you! 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!

      2021 Annual Ibiza Property Market Report and 2022 Forecast

      Based on both internal and external sources, this report presents information on the property market in Ibiza and the Balearic Islands for the year 2021, as well as its projected forecast for 2022. Based on data and figures received in 2020 and 2021, the analysis covers four main topics of discussion:

      1. The General Balearic Property Price Curve & Sales 
      2. The Ibiza Property Price Curve 2021 Summary
      3. The Ibiza Luxury Housing Market Report 2021 with Prestige Properties
      4. The Forecast for 2022 


      1. The General Balearic Property Price Curve and Sales

      Over the past decade, as discussed in our year-end property market review for 2020, both sales and house prices have shown continual and stable growth across the Balearic Islands. Here we can see, although the real estate market took an abrupt decline following the Spanish financial Crisis in 2007, the market has since stabilized and experienced a steady recovery, reaching a peak increase for both sales and price by 2017.  


      The first marked fall in prices and sales only occurred in late 2019 through until 2020, suggesting that the market as a whole was experiencing minor stagnation.  This minor stagnation was only exacerbated by the fact that the property market industry, like many other sectors, started to experience less movement due to the uncertain status of COVID-19 as well as three months of physical inactivity due to complete closure. 

      However, as early as the summer of 2020 and moving through until the end of 2021 we have been very pleased to see buyers’ activity quickly restart, and thriving again with property sales continuing to rise in all sectors of real estate across the Baleares. 


      There should be no doubt, however, that this growth has been influenced not just by the characteristics of the local market, but also by global interest in real estate as a whole.  

      According to Forbes, 2021, "In the wake of the lockdowns in March, Americans discovered that existing homes were not adequate for the new work, teach, exercise, cook and live at home reality. Based on realtor.com surveys of consumers, we learned that home shoppers are looking for more space, quieter neighborhoods, home offices, newer kitchens, and access to the outdoors, traits which have revived a strong interest in the suburbs and smaller metro areas." 

      This is further supported by Savills Global Real Estate Service who claim our changing priorities since Covid-19 are shifting global residential real estate. Here the international agents describe, "tastes shifted during the pandemic as home became the centre of the universe… We have (also) seen a step-change in second home ownership too. In Dubai, 2021 has seen an ‘unprecedented influx’ of international high net worth buyers looking for a second home and as Hugo Thistlethwayte, Head of Global Residential Operations, notes: ‘There has been a realisation that a second home doesn’t need to be an hour from the main city residence, but could be in Aspen, Jackson Hole or Switzerland. This trend could make places like the Algarve, Mallorca and the south of France 52-weeks-a-year locations." (2021)

      As we can see from the Balearic year-on-year variation in house prices (below), despite a temporary pause in buying activity, the interest in moving location, and seeking a new property has not only since recovered, but has quickly regained the highest pricing since 2007, supporting the argument that living priorities and significant interest in real estate have increased as a result of the pandemic.


      2. The Ibiza Property Price Curve 2021

      There is no doubt that the pandemic has altered our notion of home, finally allowing us to dare to create our dream life, working a city position amid a coastal or countryside second-home alternative, and, of course, complemented by the chance to also secure a strong investment.

      Here in Ibiza, it is evident that we are experiencing similar "unprecedented influxes" and a small boom in the luxury sector of Ibiza’s real estate market for second-home international buyers, brought on by Covid-19. The pandemic has motivated buyers with means to invest in properties located in safe and more natural surroundings, away from overcrowded so-called ‘hotspots". Ibiza’s high-end and upscale property market, therefore, continues to be a desirable location for second-home buyers particularly from Europe, and naturally, we continue to experience a situation of low supply versus high demand, which means that many villas and properties are seen as rare products, driving price booms, resulting in a strong and an unwavering price curve right here in Ibiza (see section ii price per square metre comparison below). 

      While prices and sales lowered during autumn 2019 and early 2020 in the Baleares as a whole (as seen from the graph above), it must be noted that Ibiza’s luxury real estate market has often shown to be more resilient than its neighbouring islands, and set-backs or downturns in the market and price curves never hit quite as strongly.


      3. The Ibiza Luxury Housing Market Report 2021 with Prestige Properties

      All data discussed below is a representation of our internal data related to the Luxury Housing Market in Ibiza and is solely taken from our internal database.


      i) Average Price per Square Meter

      Our internal statistics from our sales database with Prestige Properties Ibiza calculated an average increase in price per square metre, from 6.569 to 7.927€, approximately a 21% increase between 2019 and 2021.


      ii) Average Price & Price per m2 by Municipality

      On the whole, all areas on the island have experienced price-per-square-metre increases between 2019 and 2021.  

      N.B The price per square meter, per municipality, may need to be flexible as the figures depend solely on our internal sales, and weighty factors may apply, as noted in our analysis hereafter.

      201920202021
      Eivissa€6.437€6.076€7.418
      Sant Josep€6.755€7.931€7.998
      Santa Eularia€6.471€6.715€9.553
      Sant Antoni€4.876€5.273€5.442
      Sant Joan€9.048€8.644€9.604

      .

      Eivissa – Average Price & Price per m2 by %

      The entire city is in high demand and continues to demonstrate a strong market presence. Overall, Eivissa has something for everyone, like most cities in Europe, and has increased in popularity in line with the rest of the island. Eivissa has experienced a 15% increase in price per square metre since 2019.

      Average Property Size: 168m2 | Average Property Price in Euros: 1.3M 


      Sant Josep – Average Price & Price per m2 by %

      San José has always been high in demand among affluent luxury second-home buyers.  In 2021, if we segmented San José, areas such as Es Cubells and Ses Salines would still naturally appear at the very top of the island property portfolio, where many other San José developments and properties would now be on par with some of the properties and prices on offer in Santa Eulalia. Sant Josep has experienced an 18% increase in price per square metre since 2019.

      Average Property Size: 256m2 | Average Property Price in Euros: 2M


      Santa Eulalia – Average Price & Price per m2 by %

      In 2021, a particularly large property sale occurred in Santa Eulalia, leading to an unusual rise in the overall average price per square metre and as previously mentioned, some flexibility is required here. However, if we take the current average as gospel, Santa Eulalia would have experienced a 48% increase in price per square metre since 2019. It is clear that Santa Eulalia (despite margin for slight error) is catching up rapidly to the highly sought-after area of San José. 

      Average Property Size: 311m2 | Average Property Price in Euros: 3.5M


      Sant Antoni – Average Price & Price per m2 by %

      The area of San Antonio de Portmany is slowly making progress, becoming more sought-after than clients may first assume. Although the area is often in less demand than other areas, potential home buyers are often encouraged to look at the abundance of opportunities and great investment prospects here.  San Antonio has seen a 12% increase in price per square metre since 2019.

      Average Property Size: 299m2 | Average Property Price in Euros: 1.6M


      San Juan – Average Price & Price per m2 by %

      In the last couple of years, Sant Joan seems to be where the most prestigious and expensive villas are located, with a price tag that has almost doubled on average over the past few years. The new demand for properties in the municipality is a reflection of the property market’s high-end price valuation. San Juan has seen a 6% increase in price per square metre since 2019.

      Average Property Size: 344m2 | Average Property Price in Euros: 3.7M

      .

      According to Tinsa (2021) Living on the Coast Report, the market in Ibiza has exhibited different behavior depending on the segment. However, as per our internal analysis, the demand for detached homes for sale or long-term rental has increased. There have also been price increases, more notable in detached homes than in new developments.  They summarised:  

      Standard multi-family homes sit between 3,000 and 4,000 €/m2, with a surface area from 50 m2 to 140 m2, with one to three bedrooms. Single-family homes typically register between 6,000 and 7,000 €/m2 and those larger family homes value between €10,000 and €20,000/m2. These properties were mostly located on the seafront promenade of Ibiza or on the front line of a marina. The most expensive single-family home registered between 12,000 and 15,000 €/m2 for a detached house. This product was mostly located on the west coast of the island of Ibiza in the municipality of Sant Josep and around Ibiza in the neighbouring municipality of Santa Eulalia. 

      .

      iii) Sales per Year

      Our internal statistics from our sales database with Prestige Properties Ibiza between 2019 and 2021 calculated a very minor decrease of 4% in sales and only 3.5% in volume, which despite the 3-month closure of offices and ability to partake in property viewings is basically a non-existent comparison.

      Properties sold to date in 2021 (up until October 2021) have calculated an increase of 56% more sales than 2019 and a turnover of 95% increase in Euros related to direct sales.

      .

      iv) Enquiries per Year

      Even with pandemic news, lockdowns, and restricted movement, we still saw an ongoing and steady flow of users visiting the website and generating inquiries throughout the year 2020. During the year 2021, since restrictions began to ease, an increase of over 36% has been recorded as active inquiries conducted by individuals seeking an Ibiza property whether through sales or rentals.

      Conclusion: The Luxury Real Estate Market Ibiza 2021

      Even with the pandemic looming during 2020, luxury housing in Ibiza continued to make progress regardless. As we can see from the information and data above, the way we are changing and prioritising our home lifestyle has led to a definite increase in global (and island-wide) interest which has only resulted in a growing buyers market in 2021. As more and more clients seek out their ideal lifestyle in a more relaxed environment, away from the hassles of the big cities, it is evident that international buyers continue to dominate and strengthen the luxury real estate purchasing market.  In fact, "user behavior data shows Ibiza remains the most popular among the three main Balearic islands, achieving 22% more listing views than Mallorca (even though it has half the number of active listings)." – James Edition, October 2021

      .

      4. The Forecast for 2022

      It is expected that house prices will continue to rise steadily and consistently in the luxury property market in Ibiza as there are no signs of crisis at present, making for attractive investment opportunities. In general, this speaks of Ibiza’s upscale market, which not only survived but flourished during the pandemic, giving us confidence that the island will continue to be attractive on an international level for the foreseeable future 2022. However, we do not envision a continuation in the number of sales we have witnessed during 2021.  We anticipate the sales boom of 2021 will potentially slow down as the post-pandemic effect fades away, especially as we are increasingly seeing a case of low numbers of sellers in the market as we continue towards the end of 2021.

      Long-term rentals for larger properties have become increasingly popular, especially with families. Prestige Properties Ibiza was required to hire more staff by the summer of 2021 in order to deal with the influx of inquiries, especially for long-term rentals. This is also confirmed by Morna International School, which has received a record number of new student applicants, who are also seeking residency (James Edition, 2021), indicating a potential anticipated interest for families in 2022 who may be keen to stay in the rental market until the right property for sale arrives in the future, or on the opposite side of the coin, they may return back to the metropoles once the effects of the pandemic and lockdowns are both a distant memory, (which at the moment, seems like is not likely to happen anytime soon). Either way, it is still undeniably the international buyers and overseas investors who are still the main market for second luxury homes in Ibiza and are expected to be in 2022.

      Additionally, the island is exhibiting even greater growth in general, becoming an even more desirable and trendy place to live. Since small, local businesses have struggled to cope with lockdowns and business closures, we have also seen an influx of new, innovative bars and restaurants opening, and signs that continued investment is underway.



      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!

        2020 Annual Ibiza Property Market Report and 2021 Forecast

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

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

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

        The General Balearic Property Price Curve

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

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

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

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

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

        The Ibiza Property Price Curve

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

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

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

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

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

        The Ibiza 2020 Luxury Property Market Report with Prestige Properties

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

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

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

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

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

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

        The Luxury Real Estate Market

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

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

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

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

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

        Ibiza Prestige Properties - 2020 - Audience Geography

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

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

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

        Ibiza Property Market Forecast 2021

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

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

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

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

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

        Prestige Properties ‘Fun Facts’ 2020

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

        Penthouse Es Pouet – 17,488 views

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

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

        Villa Calypso Cala Salada – 12,807 views

        Asking Price: 2,350,000 € – SOLD

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

        Villa Estels San Mateo – 8,532 views

        Asking Price: 5,950,000 € – SOLD

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

        Looking to buy a property in Ibiza?

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

          The benefits of living in the countryside – why Ibiza is an ideal option

           

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

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

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

          COUNTRYSIDE OF IBIZA

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

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

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

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

          Living in the countryside: The village of Buscastell, Ibiza

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

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

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

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

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

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

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

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

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

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

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

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

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

            Inside Ibiza’s most Exclusive Villas and Luxury Homes

            A glance at Ibiza’s most exclusive villas and luxury homes

            Amid the turquoise waters of the Mediterranean, 300 days of glorious sunshine, the picturesque hills of the north, and super yachts adorning the harbours, Ibiza has become a world-renowned destination island for international buyers.

            Our magical white island, once most well-known for its bohemian vibe, natural wonders, and typical resort vacations, has gradually evolved into a place where rich and famous A-list celebrities and influencers come to vacation and permanently reside. This level of "elite island lifestylers" necessitates and demands lavish homes offering the highest standard of luxury. And so, naturally, the exclusive housing market in Ibiza has skyrocketed over the past decade.

            Discover what constitutes a truly exceptional property and confidently guarantee an exclusive home. No matter what is on offer, be it a rare architectural gem, an immaculate finca, impeccable interior design, rarity, or simply a divine location with breathtaking views – we’ve seen it all and covered it all.

            Villa Ibiza sea view

            The history of Ibiza’s luxury housing market

            Over the past 50 years, the property and tourism markets have snowballed. The late 1960s and early 1970s were a time when Ibiza was more rural and humble before real tourism started on the island. In the late 1970s and early 1980s, Ibiza saw an influx of celebrity visitors. Many famous artists, including Freddie Mercury, George Michael, Grace Jones, and Jimi Hendrix, frequented the island. As a result of this tourism development, cultural change, and high-profile celebrities visiting, the island reached a much higher standard than before.

            By the late 1980s, Ibiza became a reference point for the ‘disco tech’ culture, where people came from all over for the nightlife and clubs. Motorboats and super yacht chartering also became huge industries, pushing the travel economy into a high-class destination.

            In a short period, property development opportunities arose. These opportunities attracted famous architects, and investors, who renovated old fincas farmhouses into artisan vacation homes. They also started to build white complexes and contemporary exclusive homes.

            After Ibiza Old Town was declared a World Heritage Site by UNESCO in 1999, and much of Formentera was also declared a Natural Reserve, it only added to the island’s cultural and natural wealth. Since then, property prices and the travel economy have skyrocketed, but what does an exclusive or luxury property in Ibiza look like?


            The essence of exclusive and luxury properties in Ibiza

            There are many meanings to the terms ‘luxury’, ‘exclusive’, and ‘prestige’. Defining such terms, especially in the housing market, can vary greatly depending on the person in question. Depending on who you ask, luxury means different things!  

            On the white island of Ibiza, we tend to define luxury by those homes at the top of the property market, both for purchase and rental. Typically, these are villas and houses with price tags over a million, expansive grounds, high-end fixtures and furnishings, or spectacular island views. As a result of their exceptional sophistication, size, and location, they make an excellent investment for the right buyers.

            Some of the most exclusive homes come with full-service property managers and household staff, so their standard of luxury extends beyond the property itself. In other words, such homes aren’t just unique and unparalleled compared to the general market. In addition, they also require skilled and trained personnel for maintenance, care, and hosting their guests or owners.

            And, of course, there are some pretty spectacular properties out there. Take a look with us, region by region!


            Ibiza’s exclusive villas and homes by municipality

            As far as the location is concerned, Ibiza is divided into five municipalities, Eivissa, Santa Eularia, Sant Antoni, Sant Josep and Sant Joan. It is important to remember that each region offers a unique culture, which can also be reflected in the types of homes and the values of properties in each area. 

            Although each area has its own variety of luxury properties, most of the high-end properties on the market are mainly located in Sant Josep, which is renowned for its luxury and large-scale homes. Santa Eulalia follows swiftly behind, with San Juan displaying the highest value per square metre regarding sales. However, this is largely due to a very low supply versus demand scenario compared to an accumulation of properties.

            Sabina Estates Ibiza Cala Tarida

            There are also many private urbanisations and gated communities in San José and Santa Eulalia municipalities where you can find these status homes, like Roca Llisa, Can Rimbau, Vista Alegre, Can Furnet, Cala Conta 33, Sabina Estates, and The White Angel.

            Dalt Vila and Marina Botafoch are also very competitive for luxury apartments or triplex homes. Dalt Vila offers stunning authentic properties with interesting, novel-like architecture and interiors. 

            In contrast, Marina Botafoch provides high-class modern-contemporary luxury. These homes attract high-profile families and individuals seeking concierge and security services. Property prices here start at 1 million euros for penthouses.


            Take a look at our most recent exclusive and luxury villas and homes for sale in Ibiza 

            Our team is always ready to help you along your buyer’s journey and ensure you discover your dream home with Prestige Properties Ibiza – contact us today!

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

              This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. more information