[Interview] Ibiza 2020 and Property Market Update with Prestige Properties Ibiza

A new interview with Victor, Partner & Sales Director of Prestige Properties Ibiza, about Covid-19 in Ibiza and the effect on the Island’s Property Market

What is open and available for tourists visiting the island this summer 2020?

The summer of 2020 has certainly encountered a slow start due to recent global events. However, with national flights between the Balearics and mainland Spain occurring from late June and international flights from July 1st, Ibiza is now officially open for the majority and enjoying a different, yet remarkable tourism season considering the circumstances.

The good news is, all of the island’s outdoor spaces are now open for public use which includes all the beaches, marinas, outdoor activity spaces such as tennis clubs, golfing, water sports and diving clubs, general group water activities like paddle boarding and kayak excursions, boating as well as land leisure activities such as hiking and cycling.

Most restaurants, bars and shops are back to business with more places opening each and every day. We have been pleasantly surprised at the atmospheric vibrancy of the food and beverage industry and could not be happier for businesses to be flourishing again. The only main difference when compared to previously, is the night clubs still remain closed.

Victor, Partner & Sales Director of Prestige Properties Ibiza

What activities would you recommend for tourists visiting this season and why?

Ibiza is the ideal island to explore and get acquainted with the beautiful hidden gems on offer. During July, August and most of September the island is usually extremely busy, which often leaves many visitors reluctant to hire a car and hit the road with the intense traffic and lack of parking in so many spots.

This year is an optimal summer to take a touring opportunity and adventure around different beach coves, restaurants and towns, which may otherwise be less desirable during the height of the season for most.

We would highly recommend any kind of outdoor leisure activities. Ibiza is an ideal place for cycling, playing tennis, snorkeling, night canoeing and taking a fun day with paddle boards out to sea. There are so many great opportunities and activities across the island to engage in and enjoy Ibiza’s natural side.

With fewer people this year, these activities feel all the more special and gain an extra sense of wide open space and quiet retreat. There are many companies that specialize in offering tours and activities for visitors to enjoy.

Formentera is an absolute must visit. With its crystalline waters and white sands, this small sister island of Ibiza will feel very much like a personal tropical island this season. Whether renting a boat or catching the ferry from Ibiza’s Marina or Santa Eulalia, spending the day in Formentera with its spectacular beaches, luxury seafront restaurants and seeing it’s glorious sunsets is nothing short of a perfect summer day in our opinion.

Cala Saladeta Summer 2020

What is new in Ibiza this year?

Every year in Ibiza new and exciting venues open and join the lively social aspect of the island. Here are the top latest additions to our home which we are sure are worth a visit during your next Ibiza holiday!

Hotel W – Santa Eulalia

W Ibiza is a much anticipated brand new 5-star seafront hotel boasting of luxury suites, fine dining restaurant, regular nightlife music and Dj sets as well as a stunning health, wellness and spa centre. W Ibiza strikes a pose on the palm-fringed, sand-drenched beachfront of Santa Eulalia. This is where you get to stay and play with a brand that was made for the White Isle. The hotel comes complete with its very own yet separate seafront Chiringuito Blue Restaurant and a Vegan VE Cafe.

Alma Beach Bar and Restaurant – Port des Torrent

Alma Beach Ibiza is a brand new boho chic styled beach bar and restaurant situated directly on the beach of Port des Torrent, who are committed to an ibizan lifestyle concept in hospitality. The restaurant offers three different restaurant proposals, sunset, brasas and wellness, with one common denominator: to promote healthy cuisine with top quality ingredients.

Alma Beach Ibiza is a unique place in which to enjoy the magical moments that the Pitiusa island has to offer.

Alma Beach Ibiza 2020

Bam-Bu-Ku – San Antonio

Bam-Bu-Ku brought to Ibiza by the famous west end O Beach, a new family friendly day experience to San Antonio. A perfect opportunity for anyone looking for a lazy day under the Mediterranean sunshine, overlooking the pool whilst sprawled out on the luxury venue beds, complete with a personal waiter service. Here you can enjoy breakfast, lunch or dinner in a paradisiacal restaurant featuring a wanderlust menu of tropical fusion cuisine.

Bam-Bu-Ku-Ibiza 2020

Es Birra – Es Cana

Es Birra Ibiza is Es Canar’s new socialite place to be if you’re located in the Santa Eulalia area. The old original night club of the 90’s has been taken over by a group of young and innovative individuals where craft beer, a typical gastronomical matching menu and a variety of live music genres exists. Es Birra brings forth a brand new trendy venue with plenty of indoor and outdoor space and an authentic Ibizan tribe.

ES Birra Es Cana Ibiza 2020

WOW – San Rafel

WOW is a house for people to meet, gather and enjoy tantalising cocktails, pure, honest, raw and refined food combined with vintage furniture and retro interiors. It’s everything from a co-working space, to brunches at the weekend, art exhibitions and an array of seating areas to suit any mood.

How do you think the island will be different without the nightclub tourism scene this season?

The island is definitely much quieter than usual for this time of the year and we hope this knowledge encourages visitors and potential visitors of tourism, that quieter is in fact safer, with less overcrowding.

This means we are encountering more families, couples and low key groups of friends from across Europe as a result of the nightclub scene remaining closed and also many of the big tour operator hotels, which is setting a very different tone to the island.

With less extremes over the summer, the overall atmosphere and vibe has to date been more relaxed and demonstrates a similar collective of tourists, which would normally be seen during low season in Ibiza.

Formentera beach summer 2020

What measurements and regulations have been set in Ibiza for health and safety management that tourists and visitors need to be aware of?

If you are visiting or considering visiting Ibiza in the coming months, we would like everybody to feel reassured that Ibiza tourism and lifestyle is continuing on a positive path and is open for your enjoyment.

Certain regulations and safety measures are set to keep everyone feeling welcomed and able to enjoy their surroundings whilst still minimising overcrowding. Social distancing measures of 2m and facial masks continue in all indoor public spaces such as shops and supermarkets etc.

The Balearic Islands recently made an extra adjustment to their current measurements in relation to the health and safety standards for all citizens and tourists who are visiting this season 2020. On Monday 13th July, a minor addition was made, similar to other European countries, whereby facial protective masks must be worn in all open spaces within urban areas, instead of only in closed public spaces.

Outdoor living and social events such as relaxing on beaches, swimming, sporting activities, eateries, walking and exploring the countryside can continue as normal, mask free!

The general expectation of the public within these outdoor settings is to maintain respect for one another and uphold social distancing between smaller groups and others as well as reducing overcrowding as much as possible.

All public businesses including food and beverage industries have been advised on strict health and safety standards including all members of staff checking temperatures before each working shift and the utilisation of masks at all times when serving customers.

For more information on our current safety measurements please see our recent publication "Summer 2020: The Use of Face Masks in Ibiza" !

Formentera paradise - pic taken from formentera.es

Winter in Ibiza

Do you envision a shift in seasonal tourism or an extension of the summer this year?

We hope the latter part of the summer season will be stronger compared to the beginning of the main season and for this to continue into the early part of the winter also.

The main season has started slowly so we hope to see September and October as good months for the local economy. We don’t envision big changes, but ultimately it will all depend on the evolution of the health and well being of the current COVID-19 circumstances and the public here in Ibiza.

What is the meaning of "Veroño"?

Veroño is a term made up of two Spanish words, Verano (meaning Summer) and Otoño (meaning Autumn). The term is the way we express the continuation of summer into the autumn months, and the beautiful spring-like after seasons we experience here on the Island from October through to early December.

The sea remains warm long after the big crowds leave and the weather usually stays warm and pleasant well into November. Most restaurants and businesses stay open until Christmas and for islanders, Veroño is almost like a quiet, tranquil spring setting with the majority of low-season opportunities and social events, including a few authentic parties to mark the end of the season and celebrate with each other. Winter for us starts officially in January.

Have you ever been to Ibiza during Veroño? Check out our latest blog.

sunset in Ibiza

What is exciting about the winter time in Ibiza?

Peace and rest. For most of us it is time to regenerate and spend quality time with our families, friends and among nature. Work is always quieter, but it allows the opportunity to prepare and get creative with new fresh ideas for the following season.

What secret hidden gems would you recommend to discover in Ibiza during the off-season?

During the summer season, many of us are busy working and are unable to find time to take on extra activities, especially under the heat, overcrowding and traffic on the island.

Winter offers the perfect space and weather to remember why we live here. There are so many beautiful spots to explore, hills to hike and local all-year round restaurants to visit. Ibiza is never short of a beautiful day out and there’s always something new and undiscovered, even for those that have been here as locals for many years.

Sa Talaia, the highest point on the island offers a fantastic hike with outstanding mountain top views. The hills in San Juan are also of incredible value for nature lovers. To simply experience a coffee in a local Ibizan bar among locals or to visit the natural springs of San Mateo, near Can Suleyetas, and then grab a tasty bocadillo, are simply priceless experiences that residents treasure during the winter time.

Current Ibiza Property Market

Are clients’ still actively seeking to buy property in Ibiza and have there been any significant changes in the Ibiza Property Market since the announcement of the Global Pandemic?

What we have evidently seen to date has been very encouraging. The online interest and activity has remained very strong with an increase in interactions (requests, website visits) from potential and future clients during the lockdown period. It appears many were utilising their quarantine to research and pursue buying their desired property in Ibiza.

Buyers are far from changing their mind. Since July, viewings have resumed and many clients are arriving on the island to continue their property search now that the flights have reopened. So we can say that all is very active, yes!

We are generally not expecting the property market to have a drop, mainly because the demand is high and the supply is always very low in Ibiza.

We would simply advise anyone looking to buy a property in Ibiza to follow their projects and make sure you continue to work with experienced professionals and remain fully informed and updated.

It is still very early to predict the level of impact in the long-term. There will inevitably be changes and marked impressions on a global scale. However, Ibiza has always proven to be a solid market, so if you are well informed, you will be sure to make a good profitable decision.

Cana Xica villa Ibiza

What is the best advice you could offer those considering or currently with a buy to rent property in Ibiza ?

Individual situations for those looking for buy-to-rent properties and tourism licenses will very much depend on the individual needs, their mortgages, general income and their dependency on tourism rentals as a main source of income.

However, we would highly recommend any client to consider the long term prospects, have a good strategy about pricing and think about beginning to build a good client base (which can be done by selecting a strong agent). Ibiza is a very desirable tourism hotspot across the globe and is guaranteed to drive revenue in the long-term.

Future Outlook 

How has Prestige Properties Ibiza as a business and a team had to adapt to recent events and how do you perceive the near future to look like as a company?

We all had to adapt during the past few months. Working from home, working part time and taking care of our families. Gaining a new work-life balance has not been an easy time for any of us.

Proudly, we as a team have worked closely together and hard to improve every part of the business and the service we offer to the island and our clients, which makes us positive about the future. We are ready to work our way whatever comes our way.

We have stayed open throughout. All our agents have been active. We have been spending more time than ever finalising our website and the presentation of our properties, as well as setting up our new virtual viewings service.

Potential buyers have still been able to get a closer feel for properties on the market and have been able to fully continue with their buyers journey.

Do you think the tourism industry will be strongly affected in the upcoming season 2021?

We will all have to continue to adapt to the circumstances and our ‘new normality’. Many agents have offered 2021 secure risk free bookings and more last minute deals for 2020.

The important thing to remember is to keep all safety measures and the well-being of the public as our main priority as an island and in business. Ultimately 2021 will depend on the evolution of the virus. We hope 2021 will resume back to normal and see a much improved tourism season, as a company we will be prepared as much as possible in advance for both the best and worst case scenario.

What can the local community, businesses and visitors do to ensure we are all supporting one another positively?

As previously mentioned, the general expectation of the public within both indoor and outdoor settings is to maintain respect for one another and uphold social distancing and safety measures.

It is of utmost importance all visitors respect the beauty of the island and dispose of masks correctly into the recycling bins and not leave for others to clean up, especially on the beaches.

Lastly, if individuals do not feel fit to travel or feel unwell on arrival, then please follow the guidelines and ensure everyone is kept safe.

Thanks for staying updated with Prestige Properties Ibiza. We hope you enjoy your stay in Ibiza this season 2020.

If you are considering travelling to Ibiza this year and are still yet to book accommodation, then why not check out our Ibiza holiday villas on offer.

Our team members are always ready to help you with your travel opportunities and are happy to assist you with any of your questions, so get in touch with us today!

Are you considering 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!

    A Prestige Buyer’s Journey: Meet Joanne and Martin Davison

    Meet Prestige clients Joanne and Martin Davison!

    Both are British nationals and live and work in London. Martin is a Chief Financial Officer and Joanne works as a Sports Nutritionist. In 2019 they purchased a renovated Finca in the centre of the island, Can Coll, which they now share with their two teenage children and their extended family. Read on to find out more about their personal journey of finding their dream home in Ibiza…

    Tell us a little bit about your first experiences in Ibiza…

    Our first trip was a beautifully peaceful experience which was a surprise as Ibiza is renowned as the party place. We fell in love immediately with the beautiful beaches, stunning turquoise water and the positive energy we felt.

    What made you want to buy a property in Ibiza?

    It reminded us of California with its relaxed, international vibe and with lots of trees and vegetation. It has good quality restaurants and beaches, and the whole island is easily accessible.

    What kind of property were you looking for and why?

    We wanted a refurbished property with character and in a rural area that would suit our growing family.

    What points were you willing to compromise on and where did you draw the line?

    We were open-minded about the location and the age of the property but would not compromise on it having character and the general ‘feel’ of the house. We had made a list of our "must-haves" several years previously, and Inge at Prestige Properties worked with us to find the most suitable fit.

    Tell us a bit about your general experience of searching for a home in Ibiza?

    We had been looking abroad for at least ten years for a new home, but when we visited Ibiza, we knew that is where we wanted to settle. Like many people, we had been keeping an eye on properties available via the internet. Still, when we visited Prestige Properties and met Inge, we felt we were in good hands with a high-quality agent and a good range of properties on their website.

    What were the biggest challenges you faced during the search process, and was Prestige able to help you overcome some of these?

    It was difficult to reduce the search to a specific area as you can have fantastic properties in areas you might not think about – you need to be open-minded. You have to trust the agent to guide you. We felt Inge got to know us as a family and directed us to areas and houses that best suited our needs.

    What would your main advice to other home buyers, about to embark on a similar journey, be?

    Use a good local lawyer. Also, think carefully about who you are going to use to exchange your money into euros. There are lots of brokers, but do you trust them with your money? We already had an overseas bank with a euro account, and this certainly helped.

    Overall, what difference do you think working with Prestige made in your journey of finding and buying your dream property in Ibiza?

    Inge at Prestige was incredibly helpful and so cheerful, it was great to work with her.

    Finca in Ibiza
    Prestige Properties IBIZA clients

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

      Land for sale in Ibiza: Realize your mediterranean dream!

      Your Project in the Mediterranean

      Realize your mediterranean dream!

      Imaging building your own style house in the middle of the authentic "campo" (countryside) of the charming island of Ibiza.

      Appreciate the beauty of this nature surrounded by orange, almond and olive trees. Find the small and white villages close by with its local markets.

      Take a deep breath of the pure air, feel the sun on your skin, listen to the silence and enjoy your property!

      Can Juan D’en Serra

      Terreno con Licencia Buscastells

      Proyecto con Licencia San Carlos

      Proyecto Olivo

      Terreno Rovira Cala Salada

      Proyecto con Licencia Cala Moli

      If you don’t want to miss our future videos, feel free to subscribe to
      Prestige Properties Ibiza’s YouTube channel.

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

        Ibiza Property Market Report and Forecast 2020

        This Ibiza Property Market Report has been researched and provided by Prestige Properties Ibiza summarising trends over the past 15 years, utilising statistics and impressions from both external and internal sources.

        The analysis draws upon data and figures of property sales and pricing received between 2004 and 2019, and covers house pricing monitored over the course of 2019.

        Home sales Ibiza and Formentera 2004 - 2019

        Ibiza Property Market Price Curve

        The real estate market in Ibiza has demonstrated a durable and stable rhythm in both consumers and house prices over the past 10 years. Following the 2008 financial crisis, Ibiza by comparison to anywhere else in Spain and much of Europe, has exhibited an impressive recovery and a steady increase of both sales and prices.

        However, over the past two years, Ibiza has observed a slight decline in sales. This decline is reflective of recent developments within the newly established planning permission laws here on the island.

        Regulations are now set to ensure all new properties are built under 320sqm in non-urban areas with new build licenses often proving quite hard to obtain and processes being lengthy. Previously built properties on the market can often present legal issues and similar restrictions. While these developments are very positive for the preservation and beauty of Ibiza, it generally leaves a lack of available products. With the strengthening demand for properties, we inevitably find an occurrence of a low supply versus a high demand.

        Opposed to any real estate crisis emerging, the Ibiza Property Market is seeing the value of existing luxury homes stamped as a rare product and even with a dip in sales, the unwavering price curve continues to rise. Therefore, a more mature and sustainable market with long term stability, growth and strength is notable, which indicates a positive future market to come.

        Sales Average Price M2 Ibiza 2005-2019

        Nationalities in the Ibiza Property Market – 2019

        The island of Ibiza has an exceptionally diverse culture attracting many communities predominantly from across Europe as residents, businesses, tourists and investors. International visitors accounted for almost 80% of the total guests in Ibiza during 2019.

        The continuation of international visitors and buyers is the driving demand in Ibiza real estate, proving to raise property values overtime and inevitably improve the overall infrastructure and stability of the property market both in Ibiza and Spain.

        Although statistics for exact nationalities in the Ibiza Property Market are hard to assess, inevitably the British, French and German are incredibly strong, with a marked increase in Belgium and Dutch nationals investing more in property over the past 10 years.

        Ibiza Nationality of Visitors 2019

        Prestige Properties Market 2019

        Ibiza is distinguished by many exclusive and high-end properties. In 2019 the Ibiza Property Market with Prestige Properties Ibiza calculated an average price per sqm of 6.665€.

        The housing market between each municipality naturally varies depending on the style and size of the property, the facilities, surrounding land, panoramic views and the cultural environment of the area.

        The area of San Jose demonstrates the highest demand with a multitude of modern, contemporary and luxurious villas which fulfils many property requirements from international buyers with an average house price of 2.200.000€.

        Eivissa and San Antonio attracts buyers looking for apartments and terrace style housing which can range between 500.000€ – 1.000.000€, whereas in the north, a largely ecological area with a very specific housing style average a price of 2.900.000€. The family friendly area of Santa Eulalia, would average 1.700.000€ for a 250m2 villa with a pool.

        Ibiza Property Market - Prestige Properties Ibiza - Average price per m2 2019

        Typical Properties Per Municipality

        AreaM2Average PriceType
        San Jose3002.200.000€Villa
        Ibiza Town100500.000€ – 1.000.000€Apartment
        Santa Eulalia2501.700.000€Villa
        San Antonio150660.000€.Town House
        North5002.900.000€Country Home

        Conclusion and forecast

        The observed international interest on the island has resulted in an occurrence of a low ‘supply versus high demand’, rendering the Ibiza property market incredibly safe with extremely attractive values on a global scale.

        Following the recent international outbreak of COVID-19, global markets may adopt a ‘wait and see’ approach in the short term. However, although it is difficult to make predictions for the future at this early stage, demand has remained stable during this unprecedented crisis and clients remain positive.

        Recent studies have predicted a potential drop in the Spanish Real Estate market between 5 and 10%. Some areas in the Spanish property market will inevitably be strongly affected by the current crisis.

        However, exclusive locations like Ibiza, are least likely to be moved and we expect to see a year with increased opportunities, some swift sales, yet stable prices for the market in general.

        During the Covid-19 period, we have noticed an overall increase of enquiries and demand for properties on the island via our adapted digital e-working system and new website.

        Here’s an interview with Victor, Partner & Sales Director of Prestige Properties Ibiza, regarding the impact of Covid-19 on the Ibiza Property Market

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

          A Prestige Buyer’s Journey: Meet Tobias Punga

          Tobias Punga is German living in London where he works in finance. In 2019, with the help of Prestige’s agent Juliette, he purchased a magnificent villa up the hills in San José which he refurbished. Find out more about Tobias’s personal journey in the below interview:

          Tell us a little bit about your first experiences in Ibiza…

          Every island or destination I’ve been to had a unique signature experience… the party place, the spiritual retreat, the family oriented environment etc…. Ibiza struck me that it encompassed it all. Everyone found something that made them fall in love with the island… to each his own and Ibiza owned it all.

          What made you want to buy a property in Ibiza?

          The idea was to have a place that can be shared by my family and friends. An open hang out for who is important to me already and who might be in the future. A place for all sort of talent to mingle; exchange thoughts, and having a fun time.

          What kind of property were you looking for and why?

          A spacious place that can be changed in a way so I can have an impact, but still respecting the style and rules on the island, and still leaving my own personal touch. Big enough to host a decent sized group, close enough to the airport, but not getting disturbed by the noise, and having nice beaches and Ibiza town in close reach.

          What points were you willing to compromise on and where did you draw the line?

          Enough rooms, sea view, not too far from the airport, and south facing were points I did not want to compromise on.

          Tell us a bit about your general experience of searching for a home in Ibiza?

          The offers I saw in Ibiza were either overpriced or the quality I found wasn’t satisfying. It took me more than 3 years to find the perfect set up.

          What were the biggest challenges you faced during the search process, and was Prestige able to help you overcome some of these?

          They key is to look at as many opportunities as possible and sharing with the agent in detail what you are looking for to make the search process as efficient as possible – important for seller, buyer and agent in the end to not waste anybody’s time.

          Once you found your ideal property, how smooth (or turbulent) was the process until finally signing at notary and making it your own.

          It was a rather turbulent process, as the seller was more than 10 individuals that resided in three different countries. Any negotiation was therefore a little longer than in any usual sales process.

          What would your main advice to other home buyers, about to embark on a similar journey, be?

          Use a qualified agent, a talented architect, interior designer & construction companies, a knowledgeable lawyer, and spend enough time searching.

          Overall, what difference do you think working with Prestige made in your journey of finding and buying your dream property in Ibiza?

          Showing the profile I asked for ;).

          Can Xica villa in san jose ibiza
          Can Xica villa in san jose ibiza
          Can Xica villa in san jose ibiza

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

            A Prestige Buyer’s Journey: Meet Jeroen

            Jeroen is Dutch and lives in Amsterdam where he owns his own Media Agency. In 2018, with the help of Prestige’s agent Inge, he purchased a lovely terraced house in Roca Llisa, near the golf course. Find out more about Jeroen’s personal journey in the below interview:

            Tell us a little bit about your first experiences in Ibiza…

            1988 was the year that I came to the island for the first time. I remember that Sa Trinxa was booming at the time: they were the first to translate house music to the club scene. Parties would just start because a bunch of people came together and there was music, the vibe was truly miraculous. Of course, more people realized.

            What made you want to buy a property in Ibiza?

            First of all because I was looking for a location abroad with a steady, warm climate which wasn’t too far by plane. More importantly the beauty of the island mesmerized me. I love the fact that you can find places where there is much to do, but also can find peace and solitude. And everything within a relatively small island.

            What kind of property were you looking for and why?

            To be honest, I wasn’t looking for a place where lots of renovation would be involved. I wanted something easy, accessible and of course something which made me feel at home right away. Ah, and of course something with a view.

            What points were you willing to compromise on and where did you draw the line?

            Sea view was something I’d love, but wasn’t a hard requirement. However, I really did want a swimming pool (private or shared) so you can cool off during the hot summers. I also wasn’t too keen on having property in Ibiza town.

            Tell us a bit about your general experience of searching for a home in Ibiza?

            You really need to clear time in your agenda as properties move fast and you have to be flexible to visit the island in order to view the house. It’s also difficult not to make too many compromises and find the home you really want, so patience is key.

            What were the biggest challenges you faced during the search process, and was Prestige able to help you overcome some of these?

            It’s important to make your wishes as clear as possible, however it’s also nice when they come with an ‘out-of-the-box’ property which you wouldn’t have thought of right away. As it was my first experience with buying abroad, I thought it was rather challenging to keep an eye on the different rules and laws. For me it was super important that for this reason I was doing business with people who I could trust, as I wasn’t familiar with many of the local laws.

            Once you found your ideal property, how smooth (or turbulent) was the process until finally signing at notary and making it your own.

            To be fair: everything went pretty easy. Of course, it’s completely different compared to buying something here in the Netherlands, in terms of viewings and checks of the property. I remember myself thinking when I signed a few weeks later at the notary: "Okay so that’s it, I own a house now".

            What would your main advice to other home buyers, about to embark on a similar journey, be?

            If it is something you really want to do, do it. But don’t forget that you will probably have a lot of struggles too. But that comes pretty much with every house. You need to find your way around, get to understand how things works, and the only way of doing so is by just diving into it.

            Overall, what difference do you think working with Prestige made in your journey of finding and buying your dream property in Ibiza?

            Their kind and personal approach was very helpful. Finding a property takes time, so you need to have a good relationship with your real estate agent.

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

              A Prestige Buyer’s Journey: Meet Melissa

              In the Spring of 2014 Melissa Spero and her husband walked out of the notary with the keys to their dream home in their hands. At last, after 12 months of searching, visiting, deliberating, etc. they were ready to finally realise their dream of a second home in Ibiza. After the purchase they embarked on the journey of transforming the property into a place that corresponded even more with their vision and after 12 months of a full renovation they were finally able to spend their first summer in their new home Los Olivos. Read here the unique journey of Melissa and her husband…

              Prestige Properties: Tell us a little bit about your first experiences in Ibiza…

              Melissa Spero: I first came to Ibiza in my 20s and was immediately struck by its energy, light and stunning natural beauty. From that moment on, I knew I wanted to live here at some point in my life.  It took another twenty years of solid graft to get here but I made it in the end!

              What made you want to buy a property in Ibiza?

              I wanted a sanctuary from the hard life of working in London, but I also wanted to have a place where I was surrounded by open minded people from all walks of life. Ibiza is unique in that sense – to be able to live in such beautiful natural surroundings with such a diverse and ever-changing community of people is what makes it so special.  Also, the dramatic difference to life on the island in different seasons means that it is like living in four different places every year so that ensures things stay interesting.  It is also super easy to hop on a flight back to the UK whenever you need to.

              What kind of property were you looking for and why?

              We started off by wanting a property in the campo where we had a view of the sea and sunsets.  Mid-way through the search we got seduced by some lovely houses which had neither of those things and thank god the house we eventually bought had both.

              What points were you willing to compromise on and where did you draw the line?

              I thought I had been willing to compromise on a sea view, but eventually I realised I wasn’t: what’s the point of living on an island if you can’t see the sea?  I’m also so glad that the house is located centrally – great for beaches but also really convenient for Ibiza town (which I love), schools and the airport.

              Tell us a bit about your general experience of searching for a home in Ibiza?

              Hard work – along with Prestige I spent hours scouring the internet for suitable places. I got totally carried away at one point and got way out of my budget.  Luckily the place that Prestige found for us ticked every box.

              What were the biggest challenges you faced during the searching process, and was Prestige able to help you overcome some of these?

              We wanted to cast our net really wide and Prestige told me that in addition to their own properties they work with other agents on the island so if I saw something, Prestige would organise it all for me and make it as pain-free as possible with the other agency.  When you don’t have the luxury of time, this approach is fantastic.

              Once you found your ideal property, how smooth (or turbulent) was the process until finally signing at notary and making it your own.

              Prestige made the process super easy and efficient – they talked us through the necessary steps we had to take and it was went extremely smoothly.

              If you have experience buying property in other countries, is there something that makes the process in Ibiza stand out in a particular way?

              You have to forget your experience of buying a house in your home country – lots of old properties here don’t have the correct papers but that is the norm here so keep your nerve.  As long as you have a good lawyer and are working with a good agency you will be fine!

              What would your main advice to other home buyers, about to embark on a similar journey, be?

              I’d say, explore every inch of the island. Because it’s in mode at the moment, people automatically look for properties in the north of the island, but the areas like Buscastell and Benimussa, near San Rafael where our house is located have everything – breathtakingly beautiful countryside, the best sunsets and beaches, as well as being close to amazing Ibiza town and Dalt Vila – where life remains during the winter months.

              Overall, what difference do you think working with Prestige made in your journey of finding and buying your dream property in Ibiza?

              Without Victor at Prestige, we wouldn’t have brought our dream house and I would probably still be taking the tube to work every day in London – so I’d say the difference was life changing!

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

                THE APIBIZA PROPOSES A REGULATION OF THE REAL ESTATE SECTOR IN THE BALEARICS

                In recent real estate industry news, the Association of Real Estate Professionals of Ibiza (APIBIZA), a member of  the PIMEEF, presented several proposals for the regulation of the real estate sector in the islands before the Conselleria d’Habitatge i Mobilitat, that is, regulating the requirements to carry out the activity of  real estate agent in the Balearic Islands.

                One of the proposals was to establish a sanctioning regime with fines of not less than € 20,000 for those agencies and / or persons without the adequate qualification.

                They also argued that demonstrable malpractice should result in immediate expulsion from the registry.

                In addition, it has requested to be able to report through simple tools and that real estate agents should be required to have at least university studies related to the sector or training in accredited centers or at least 5 years of proven experience in the sector.

                On the other hand, it has requested that the sale and purchase transactions, the registration of real estate agents and the obligation to publish on their websites the real estate agent registration number have to be notarized beforehand.

                The Association of Real Estate Professionals of Ibiza has shown its satisfaction for this proposal to regulate the real estate sector of the islands in defense of this highly invaded sector and to protect consumer rights.

                Read more on this in an article recently published in the Diario de Ibiza.

                Find out more about the APIBIZA click here.

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

                  Prestige Properties: your best real estate option in Ibiza

                  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!

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