Exclusive Homes and Villas for Sale near the Most Popular Beaches in the South of Ibiza
There is much to love about Ibiza, not just for its trendy tourism, cosmopolitan lifestyle, A-list hotspots, amazing restaurants, and beach clubs – but also due to its spectacular beaches and natural surroundings. It’s really no wonder that the real estate market and popularity of buying second homes on this Balearic Island, especially in the luxury housing sector, has skyrocketed in the past decade as Ibiza becomes one of Europe’s top destinations.
Having your dream home or villa in one of the island’s most sought-after areas and coveted locations could not be more appealing. We invite you to explore our premium locations and exclusive homes and villas for sale near some of the best beaches in the south of Ibiza –– read on to discover what’s on offer.
What are the prime locations to buy a property near the beach in the south of Ibiza?
Most people associate the south of the island with its vibrant Mediterranean culture and luxury lifestyle. The area is home to a stunning coastline, exciting nightlife, a vibrant capital, VIP celebrity hotspots, and Ibiza’s most extravagant port. So, what are some of the top prime locations to consider buying an exclusive home or villa near the beach in the south of Ibiza?
Properties for Sale in Marina Botafoch and Ibiza Town near the Southern beaches, Talamanca and Es Figueretas.
Living in the city centre, old town (Dalt Vila), its extension or in the Marina Botafoch and Paseo Maritimo area offers nothing less than being in the centre of it all with close proximity to some of the area’s best beaches, socialite spots and, of course, the airport. This area tends to attract buyers of all kinds –– particularly those who appreciate historical architecture and life in the centre of the city’s vibrant culture, especially during the height of summer.
Areas such as Marina Botafoch and the Old Town (Dalt Vila) are very popular but pricey, which tend to suit a higher-profile and cosmopolitan clientele, particularly second-home buyers and investors. Specifically, Marina Botafoch has become a highly sought-after socialite hotspot with an international nightlife scene and some of Ibiza’s most luxurious apartment buildings right in front of the island’s main Marina Port. Close to here is where you will also find residential communities like Vista Alegre, which is home to the most spectacular newly built villas on the island, designed by world-renowned architects.
Ibiza Town’s and Marina Botafoch’s closest beaches are Talamanca and Ses Figueretes. Here, you get the best of both worlds: living close to the trendy city, the marina, beach life, and a family-friendly young community.
Talamanca offers several contemporary Mediterranean villas and new apartments, while Figueretas caters more to young couples and families seeking more reasonably priced vacation homes.
Properties for Sale near the south’s best beaches in the area of Jesús, Ibiza
Jesús offers an undeniably chic and cosmopolitan lifestyle in a convenient and refined island setting. Despite being in the municipality of Santa Eulària des Riu, the village is close to Eivissa, the main town, and the airport as the popular beach of Talamanca as well as the numerous tourist hotspots of Marina Botafoch, Destino, and Pacha. Jesús is an excellent location due to its direct access to several island destinations, a chic village and a sophisticated lifestyle. The properties available to buy and rent tend to be exclusive, modern, contemporary villas in the surrounding countryside or private urbanisations. This naturally offers its residents and visitors plenty of upscale living.
Jesús is conveniently located near all the best beach hotspots previously mentioned, and both Talamanca and Es Figueretas in the Ibiza Town and Marina Botafoch area. For more on the area, visit our blog life in Jesús.
Properties for Sale near the south’s best beaches in Ibiza – Ses Salines, Es Cavellet and Cala Jondal
The most popular area in the south for second-home international buyers to invest is undoubtedly Ses Salines, Es Cavellet and Cala Jondal. These up-market locations all offer easy access to the unspoiled countryside, Ibiza Town, and the island’s most popular beaches, as well as fashionable bars and restaurants frequented by A-list celebrities like Sa Trinxa and El Chiringuito, the famous Blue Marlin Ibiza Beach Club. These southern Ibiza spots are considered the finest and most attractive places for lifestyle vacationers to enjoy exclusive VIP status.
There are only a few villas present in Cala Jondal, Es Cavellet and Ses Salines, so finding a property for sale here is a rare commodity. Despite its low supply, this spot in the south is always in high demand – with a demand for spectacular cliff top villas and modern architecture. Those who find a home in these areas are incredibly lucky to reside in an unbeatable up-market and affluent area.
Ibiza’s most popular tourist resort, Playa d’en Bossa is also one of the best beaches in the south, with its long sandy beach (3km!) and many fashionable beach clubs aimed at young and affluent guests. Although Playa d’en Bossa is primarily considered a summer destination, local residents often visit and reside in the area and is deemed a prime location for those looking to buy an exclusive home or villa near the beach in the south of Ibiza.
Villas for Sale near the Best Beaches in the South of Ibiza, Es Cubells
Es Cubells is one of Ibiza’s smallest villages. Besides its white Ibicencan church, which is beautifully located on the edge of the cliff, there are only a couple of local bars making up the entirety. Located at the foot of striking cliffs typical of this area are three little coves separated by rock formations. The pebbled beaches and crystal waters entice one to bathe among the rocky sea bottoms where divers can discover countless interesting corners. Es Cubells’ cliffs are renowned among hikers and nature lovers for its spectacular views from the top.
Es Cubells offers miraculously peaceful and unparalleled surroundings combined with the most authentic local fishermen beaches and coves like Ses Boques, Cala Llentrisca, Es Torrent, Porroig, and Cala d’Hort Natural Park. Buying a property near the beach in Es Cubells is hard to come by –– but when found they tend to offer expansive landscapes and grounds with sweeping, south-facing sea views.
Let’s Help you Find your Perfect Property for Sale near the Beach in the South of Ibiza
Let’s talk about finding the right investment property for you. We’d love to hear from you!
Whenever you see a property that meets your needs, we strongly recommend you contact us. Investing in Ibiza is a great option, and demand is almost always higher than supply, so properties often sell quickly –– especially for exclusive homes and villas for sale near the beach in the south of Ibiza.
Take advantage of the opportunity to make an appointment to visit any of our properties mentioned above or others we currently have on the market with us today. We also offer virtual tours upon request.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Is Ibiza a good place to buy a property?
Is Ibiza a good place to buy a property? The property market in Ibiza has always been reliable. There is no denying that our island’s real estate market has seen a significant influx of residents and foreign buyers, particularly in the luxury segment – and it has undoubtedly become one of the world’s top property hotspots.
Its idyllic location and high property demand have made Ibiza a safe investment for quite some time. As the current market stands, investing in a home in Ibiza makes for a secure return on investment, irrespective of whether it is residential, a second home, a villa for tourism rental purposes, or an early project phase property.
In light of Ibiza’s vibrant property market, we are excited to share our latest market update showing why Ibiza remains a great investment.
The island of Ibiza is not only an attractive investment but also one of the most sought-after locations in the world. Known for its pleasant climate year-round, natural environment, and extraordinary lifestyle, our island has much to offer. Our island’s picturesque beaches and sunsets, social networks, events, and laid-back lifestyle continue to attract many home buyers seeking a place in the sun where other international and cosmopolitan communities align.
Moreover, our island draws in many remote workers and entrepreneurs who can work from anywhere – including those with children due to its quality schools, natural surroundings and level of safety.
Many visitors from afar are impressed by its increasingly easy international connection (not only direct from London, but direct flights from New York to Mallorca are now available, allowing you to reach Ibiza in approximately 8 hours), making travelling to and from Ibiza much simpler and more enjoyable.
Soon, we will be taking a look at the housing market statistics once again as we enter the last quarter of 2023. Yet, as far as we can predict and according to our internal insights, we have continued to rise since our previous audit.
Our 2022 annual market report and 2023 forecast shows that Ibiza’s real estate market has always been more resilient than our neighbouring Islands and Spain’s mainland. Ibiza’s luxury sector has experienced a considerable upturn since 2020 compared to our peers.
Our Prestige Properties Ibiza’s sales data for 2022 show the following:
An overall 10% increase in price per square metre between 2020 and 2022 across all areas on the island
Our sales volume doubled between 2020 and 2021 – and remained stable throughout 2022
An 87% rise in enquiries over the past two years
A drop of around 50% in (published) listings (suggesting a high demand versus low supply market)
58% of our buyers purchased a property as a second home
Overall, following the main boom of 2021 (which saw even higher numbers than the pre-covid highs in 2017), the market remains steady and continues to rise. With fewer sellers on the market, property values are predicted to increase as the race against a low supply continues, making this a good time and Ibiza a good place to buy a property.
Ibiza Real Estate Properties for Tourism and Rentals
Ibiza generally continues to grow, especially in the hospitality and tourism sectors, making it a premium place to travel. Due to this growth, housing and infrastructure demand has also increased, making it a good destination for those looking to buy a property for tourism purposes.
Buying an Ibiza property with a current tourist licence is the ideal situation. The application process and legal certificate will already be completed, and, what’s more, regular tourism customers are likely to return to this same property and book their holidays year after year. Buying a property for tourism is a win-win situation. This type of investment will likely be fully booked year after year as the tourism industry is booming and its prestige VIP status continues upward.
Ibiza’s Real Estate Market for Long-Term Residents and Families
Our island’s relaxed lifestyle and tranquil environment make it a popular destination for long-term residents, families, and professionals (young and old) who can work remotely. Those who can afford it will naturally prefer a purchased home over long-term rentals (which are also challenging to find).
The island is experiencing a sensational rise in interest as internationals and families become more active in their purchasing journeys, resulting in an increase in prices, a decrease in supply, and an increase in demand.
So, is Ibiza a good place to buy a property and is now the right time?
Overall, one thing is for sure: You’ll have a better chance of getting a decent return if you buy a property in a highly valuable location, highly sought-after and in constant demand. And, yes, Ibiza is most certainly one of those places!
Are you looking to buy a property or luxury villa in Ibiza? Well, now is a perfect time!. If you want to view our Buyers Guide or speak with an agent about the current market and investment opportunities, contact us today!
We would be more than happy to talk you through Ibiza’s Real Estate potential.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Top 5 Authentic Ibiza Restaurants: A Gastronomic Journey of Flavours
Ibiza has many authentic and traditional restaurants that most certainly merit a visit. The quality of our local restaurant scene is greatly enhanced by our island’s fresh produce, daily seafood menus, and typical Ibicencan flair.
With a long list of family-friendly restaurants offering tasty menus and picture-perfect beachside locations overlooking the turquoise-blue Mediterranean Sea – we’re sure you’ll find something you like. Read on to explore our top-recommended gastronomic experiences and traditional Ibiza restaurants.
Balafia Restaurant – San Lorenzo, Ibiza
Balafia has been run by the Marí family since ‘Lina and Toni’ built this small establishment many decades ago. The restaurant is ideally located close to the quaint and charming village of San Lorenzo, alongside an orange tree orchard. These days Antonio Junior grills delicious food in an authentic wood oven while his sisters Lina, Toñi and Marita serve their customers. It is the perfect place to recover after a long beach day or have a delicious meal of grilled meats under the evening stars on their spacious Mediterranean terrace.
El Carmen – Cala d’Hort, Ibiza
In one of the most picturesque locations on the island of Ibiza, El Carmen Restaurant is situated in a place that can only be described as magical – facing the sea in front of the islets of Es Vedrà and Es Vedranell. Whether day or night, under the sun’s heat or in the evening before the breathtaking sunset, you can enjoy a feast full of typical specialities, especially fresh fish and seafood. Here you can enjoy a taste of one of these plates in an environment that is pleasant, familiar, surrounded by nature, and with spectacular views.
Cas Pagès – San Carlos, Ibiza
As one of the island’s oldest restaurants, Cas Pagès was established in 1972 by Carmen and Lucia Pagès. This small restaurant on San Carlos Road has served grilled meats and homemade dishes for over 50 years. They offer a variety of great rice dishes to their guests, including their famous "arroz de matanza", a delicious rice dish that contains the finest pork cuts available, and the "sofrit payès", which consists of lamb and chicken with sobrasada, potatoes, toasted almonds, and various herbs and spices. This menu is both wholesome and filling.
El Bigote – Cala Mastella, Ibiza
El Bigote is a beach-shack-style, no-frills restaurant with a view of Cala Mastella’s picturesque cove. The local restaurant is so popular that the King of Spain was allegedly turned away because he didn’t have a reservation. Reservations here are often months in advance, and there’s no answer on their mobile phone. It can take hours or even days to get through, so it is usually advised to drive there to reserve a table. Here’s where our Concierge Services can help you ensure your reservations are secured!
El Bigote only serves a minimal menu of authentic dishes – bullit de peix (fish cooked in saffron with potatoes) and rice cooked in fish broth. This authentic restaurant experience is worth the trek.
Restaurante Salvadó – Pou des Lleó, Ibiza
Salvadó Restaurante is a historical place on a boat dock where fishermen sold fresh fish. They’ve been running a family business for over 30 years with classic recipes passed down generations for you to enjoy from one of the island’s most authentic spots. This is a secret corner where you can experience the original flavour of the island in its purest form.
Salvadó Restaurante serves a wonderful array of seafood and fresh fish dishes, but we would highly recommend the traditional dish Bullit de Peix and Paella. It’s one of the best on the island!
Book your Ibiza Restaurant Reservations with Us
There is nothing quite like a great culinary experience to remember your Ibiza holiday. Remember, when you book your villa vacation stay with us, we’ll help you make restaurants and reservations in Ibiza. Many local and authentic restaurants have long waiting lists for a table, are walk-in only or have a no-card policy. Make sure you check in with our team to ensure that we can assist you with your reservations.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Top 5 Fine-Dining Restaurants in Ibiza | Explore Ibiza’s Culinary Experiences
There are many fine dining and chic restaurants in Ibiza that are well worth checking out. Due to the diversity of our culinary influences and top chefs pushing the boundaries of our restaurant scene, our island offers some amazing food.
With tasty menus and rooftop locations overlooking the Mediterranean, there is no shortage of elegant restaurants to choose from for a memorable night out. In every part of the island, there is something to please any palate and several fine dining eateries to experience.
Read on to explore our top-recommended gastronomic experiences and stylish restaurant guide.
Nobu Hotel Ibiza Bay: 5-Star Dining Experience on Talamanca Beach
Ibiza’s Nobu Hotel has a beautiful panoramic view of Talamanca Bay. Their dining facade offers a multitude of sexy, fun and immersive dining experiences. With five restaurants, you’ll certainly be spoilt for choice.
Nobu serves Japanese cuisine like no other, including Tiradito, Yellowtail Sashimi with Jalapeño, and Black Cod Miso –– all in an unpretentious yet captivating atmosphere.
Gusto, led by Michelin-starred chef Nieves Barragán Mohacho, takes you on a culinary journey through Spain. From the tapas bars of Andalucía to the seafood restaurants of Galicia, Gusto promises to be an unmissable, interactive feast for all the senses.
Chambao’s relaxed beachside chiringuito offers a laissez-faire seaside vibe. Ideal for long lunches and early dinners, with specialities such as freshly grilled fish, authentic Valencian paella, fresh salads, beautiful cocktails and a carefully selected wine list.
Next is the Bay Café and By the Pool Deck for healthy, wholesome cuisine choices and a perfect daily menu with freshly prepared sushi rolls, light dishes, and fruit platters.
Lastly, there is a beautiful rooftop terrace with a view of Talamanca Bay and Ibiza Town. This is certainly the place to be for hotel guests and locals looking for a distinctive night out after their evening meal.
Zuma Ibiza: Alluring Japanese Restaurant near Ibiza Town and Dalt Vila
Among Ibiza’s vibrant dining scene and luxury boutiques, Zuma’s rooftop restaurant provides an unforgettable panorama overlooking Dalt Vila and the historic old town of Ibiza. Zuma’s sushi counter, main kitchen, and robata grill offer an extraordinary Japanese menu that’s both authentic and modern. Zuma’s dishes emphasise simplicity and sophistication, using high-quality ingredients and bold flavours.
Juntos House Ibiza: Farm-to-Table Restaurant in the Tranquil North-West
Juntos House is a modern farm-to-table restaurant in the quaint village of Sant Mateu. With a modern twist, this kitchen sources delicious, locally grown food from its regenerative farm and local partners. With a strong emphasis on working hand in hand with the farm, they ensure fresh and delicious food! Juntos House is pure dining magic, with a restaurant, courtyard, garden, cocktail bar and boutique selling carefully selected products.
Amalur Ibiza: Iconic Dining Spot in Charming Santa Gertrudis
Ibiza’s iconic dining spot Amalur has been at the centre of gastronomy for four decades, housed in a blue-hued finca in Santa Gertrudis. Concerning its rich culinary and cultural heritage, the legendary establishment has recently undergone a masterful evolution.
Amalur was originally named after the Basque goddess of Mother Earth by former owners Juan Félix Lurrita and Emilio Zurbano. Today, Amalur is helmed by renowned restaurateur Francesco Manzoli. From the elegant furnishings and striking artwork on the walls to the creative, contemporary menu plus impeccable service, his unwavering passion for perfection and respect for the restaurant’s heritage is obvious at every turn. Using only local produce; the Ibiza fine dining restaurant creates high-end cuisine using creative, contemporary and colourful plates and dishes that taste as good as they look.
Nudo Ibiza: Mediterranean Beachside Kitchen in Scenic Es Figueral
At Es Figueral, there’s a surprising new restaurant spot along Ibiza’s shoreline this summer – Nudo. Following a gentle polish, a group of friends transformed an ageing beach bar into a fully-fledged Mediterranean kitchen with a hint of Mexico and Japan, merging flavours from Italy, Guatemala and the Nordics. It focuses on island-sourced ingredients with minimal intervention on the raw materials to offer something fresh, new, and different. The place specialises in serving natural wines mainly made by small producers from the Balearic, using organic grapes.
Book your Ibiza Restaurant and VIP reservations with us
There is nothing quite like a great culinary experience to remember your Ibiza holiday. Don’t forget, when you book your villa vacation stay with us, we’ll help you make restaurant and VIP reservations in Ibiza. Our goal is to ensure you enjoy the best Ibiza has to offer. Stay tuned for more insider local knowledge!
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Ibiza Retreat Villas: Relax and rejuvenate with a wellness program tailored to your Ibiza villa from our concierge service
Wouldn’t it be wonderful to have some much-needed time to recharge your batteries? We all know how stressful modern life can be, so it’s essential to take some time to rest, recover, reconnect, and just enjoy life. So, if you are looking for some extra ‘me-time’ without committing to an all-inclusive retreat package, we have the perfect solution for you.
Feel relaxed from the moment you walk through the door at your Ibiza retreat-style villa with everything you need from private yoga and fitness classes, massage treatments, meditation and healthy private chef catering.
If you want to disconnect in totality, you’ll love what our concierge service offers. Why settle for the ordinary when you can indulge in a little luxury?
Get pampered and re-energised with Ibiza’s wellness and retreat culture
There is no surprise that Ibiza has a thriving health and wellness community. Over the last few years, our island has become a hotspot for many entrepreneurs and industry professionals, bringing the health and wellness culture to a whole new level.
You can now find massage therapists, yoga instructors, meditation teachers, Reiki practitioners, ritual experts, reflexologists, and healthy vegan chefs who will come to your villa location for the ultimate private wellness retreat experience.
Discover what’s possible from our concierge team during your next Ibiza vacation.
Treat yourself to a relaxing massage at your Ibiza villa
A good massage is something we all enjoy from time to time. There are, of course, many benefits to massage that go beyond pampering and treating yourself. Besides promoting relaxation, massage also reduces muscle tension, improves circulation, stimulates the lymphatic system, reduces stress hormones, increases joint mobility and flexibility, improves skin tone, and promotes soft tissue recovery.
So why not have breakfast in bed, take a light swim, and book a well-deserved therapeutic massage whilst on your Ibiza holiday – your body will truly appreciate it.
Stay fit with one of Ibiza’s top personal fitness trainers or yoga instructors
If you are interested in staying fit and healthy during your holiday, we are more than happy to arrange a training or yoga program at your villa, outdoors at the beach, or even at a professional centre if that would be more preferential for you. Maintaining or improving your fitness while on vacation is more than possible. This can be done on a 1:1 basis, in a group, at your own pace, as much as needed. You can combine a personal training session with yoga and a massage for a complete wellness day.
Connect with yourself through an Ibiza sound bath and meditation ceremony
Get out your mat, blankets, and pillows and experience a transformational journey under the calming moonlight sky. Meditation and sound bath therapy can help you reset your mind and body, allowing you to completely disconnect and disengage from life’s pressures. Several experienced practitioners are offering guided meditations and sound baths here in Ibiza. Take a short journey into another world as you listen to the sounds of crystal bowls, tuning forks, shamanic drumming, and percussion instruments.
Keeping healthy in Ibiza is easy with a vegan caterer or private chef
You deserve the best food on your holiday, so why not hire your own private chef or have a catering team take care of everything for you? Our concierge team can help you plan the perfect culinary experience – whether you have dietary restrictions, are on a summer health kick, or enjoy vegan cuisine. We offer a wide choice of foods prepared by talented chefs, ensuring local sources and sustainable foods that will be the highlight of your stay.
Unwind in luxury at one of our Ibiza retreat villas
The Prestige holiday experience promises a world of luxury, comfort and infinite beauty. Whether you want a retreat-style vacation or a relaxed and simple holiday, we have everything you need. We’ll help you find the perfect Ibiza holiday property – be it a peaceful countryside setting, a traditional Finca or farmhouse, a modern white villa, or a property with sea and sunset views.
Why not take a look at Villa Love, one of our top recommended retreat-style villas – a quiet and private oasis in the middle of nature. Here, you can enjoy picturesque sunsets and stunning sea views from every room, the veranda, and the pool.
Located in the west of Ibiza, near Cala Carbó, this six-bedroom, seven-bathroom villa overlooks the sea with an elegant interior that blends beautiful Mediterranean elements with luxury furnishings. In a sleek modern style chosen with attention to detail, this property creates an ambience of luxury and contemporary design. The perfect relax-and-retreat villa for you to call home for the week.
It’s never been easier to escape
Getting away from the day-to-day has never been easier, especially since everything can be arranged from the comfort of your own holiday villa. Our concierge services can help you take care of the finer details when planning your perfect Ibiza-retreat holiday. You’ll get the highest quality service from the most reputable collaborators, whether you’re looking for hiking tours or watersports, in-house chefs and catering, wellness, yoga, personal training sessions, private massage treatments, or even a home cinema set-up.
See here some of our top Ibiza villas for retreats:
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 Alegria
Summer 2023 is just around the corner, and we’re ready to entice you with one of our top favourite rental properties here in Ibiza. Could Can Alegria be the perfect villa destination for you?
This countryside hideaway, nestled between Santa Gertrudis and San Mateo, offers relaxation like no other. Can Alegria is the perfect villa for friends and family who wish to spend a wonderful week or two under the heat of the Mediterranean sun.
We invite you to explore one of our most-loved Ibiza holiday villas.
Can Alegria – The Luxury Rental Villa with a Blakstad Design
With its stunning Blakstad design, Can Alegria hosts its original Ibizan architecture with outstanding modern features. This holiday home’s beautiful personal touches make for an impeccably styled and decorated must-visit.
Upon entry, you’re welcomed into an airy, stylish living room flooded with light. The high ceiling windows add energy as the bright blue sky showcases itself throughout – a feature unmistakably associated with traditional Ibiza architecture.
Can Alegria is filled with unique pieces collected from around the world, including sculptures, wall hangings, and a music-themed chandelier designed by the renowned Zermatt artist Heinz Julen.
In this home, you can gather to share food and conversation in a bright, functional and wonderfully styled space. Plenty of room exists for inclusion and hosting guests in this open-plan layout.
Can Alegria: A Large Holiday Villa with Five Bedrooms
Uniquely, each of Can Alegria’s five bedrooms has its own name, all decorated perfectly, creating an exclusive sense of home.
Located in a separate wing of the house, the master bedroom offers ultimate seclusion, space, and stunning sunrises. Here you can enjoy breathtaking views over the gardens and distant green hills from the huge private terrace.
Featuring neutral colours and natural materials, Marrakesh, Jardineta, Vista Hermosa, and Terraza are each bright, welcoming bedrooms. There is a good chance you’ll be debating which room to choose among the charming options available, especially the distinctive en-suite bathroom in Marrakesh, which features a narrow archway and leads into a luxurious round bathtub surrounded by Moroccan-style alcoves.
Can Alegria: An Ibiza Holiday Rental with Large Lush Mediterranean Gardens & Swimming Pool
The best way to take advantage of the beautiful weather in Ibiza is to book a villa with extensive surrounding gardens, a big swimming pool, and lots of outdoor chill-out zones. The answer is Can Alegria. This lovely garden and terraces are an idyllic spot to enjoy breakfast or an evening meal as the sun rises and falls, filling the space with warm, golden light – which overlooks the shimmering turquoise pool that runs the length of the house.
Although outdoors, there’s plenty of space to escape the summer sun under the numerous covered terraces, shaded thatch umbrellas and inviting gazebos. No doubt Can Alegria’s grounds will provide plenty of privacy and tranquillity.
The villa’s main living area offers large sliding glass doors directly outside, creating a dynamic space that seamlessly blends indoors and outdoors.
Can Alegria: A Perfectly Located Rental Villa Close to the centre of Ibiza, near San Miguel and Santa Gertrudis
Within twenty minutes of Ibiza Town and just six minutes from Santa Gertrudis, this wonderful, rural holiday home sits in the middle of it all, close to everything, but quiet enough to retreat to when you want. And, if you wish to really indulge in an extra relaxing week and stay a little more within your private setting, then Can Alegria offers the right facilities. Our concierge agents will be able to arrange any extras you might need to make your stay even more enjoyable and memorable.
Book your Luxury Ibiza Holiday Rental Property with us
Vacation rentals at Can Alegria 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.
The past four decades have been an incredible journey for everyone involved with Prestige Properties. Throughout the years we have had the privilege of helping thousands of people to find the home of their dreams. From local first-time buyers to high-profile celebrities seeking a summer villa, to young families beginning a new life on the island, all were served with the care and professionalism that has been at the heart of Prestige Properties since its very beginnings. We are delighted to take this opportunity to share with you the story of our company – its history, values, and vision for the future.
How It All Started
Our dear founder Pascale Dufournier was a native Parisian who as a young woman followed her dreams by coming to Ibiza in 1976. Even before arriving on the island, she knew that this would be the place she would call home for the rest of her life. Her passion for architecture, design and elegance led to a career in real estate, and it was a perfect match. In 1983 Pascale took a leap of faith and started her own company. Throughout the years she earned respect for the professionalism and style that she brought to both her business and her life.
These values have become the core of the company Pascale created, and they flow from her love of Ibiza. "I feel immensely fortunate to have been able to spend my life on this special island and surround myself daily with the most stunning properties, scenery and people. Prestige has never been work to me, it has been my family – to nurture and guide through the hard times and the good."
Inspired by Pascale’s passion and dedication, Prestige Properties prospered and became an important part of the island community. Our well-earned reputation for reliability and care for our clients was the key to the company’s success as it continued to grow from year to year… and then it faltered.
How It Evolved
The global financial crisis of 2007-2008 was a disaster for many businesses, and real estate on Ibiza was hit particularly hard. The housing market, which had soared to new heights in the previous decade, suddenly froze. The pressure was hard on Prestige, and the company teetered on the brink of collapse. Thankfully we were able to weather the storm with the help of timely investments from people who had faith in the strength of our company. Prosperity and growth eventually returned, but this scare was a warning that change was needed if Prestige was to remain at the forefront of the industry.
Pascale moved quickly to set a new course and one of the key turning points was hiring Victor Van den Driessche in 2009. Victor was born and raised on Ibiza. He went on to further his education in Paris, where he earned a degree in economics. Before returning to the island, he spent three years in Madrid working for the French multinational luxury conglomerate LVMH. Victor’s knowledge of modern business practices combined with his strong connection to Ibiza, made him an invaluable addition to the Prestige team.
Victor was a source of new energy and innovative ideas for the company, so it was no surprise that he was quickly on his way up the company ladder. Within just five years he had not only become Director of Sales, but also a company shareholder and partner. Victor’s strategic approach and personal drive complemented Pascale’s experience to give Prestige the change that it needed – a modern direction, without losing the essence and personal care that had made the company unique.
Where We Are Now
On Friday, April 1st, 2022, we said goodbye to Pascale Dufournier when she tragically lost her battle against cancer. Pascale’s beautiful qualities of presence, patience, passion, and style will always remain as the bedrock of the company that she founded. Victor has stepped into his natural role as Company Director. Under his leadership the business continues to grow and prosper while adding a new generation to the ‘family’ that will see Prestige into the future. We have a dynamic team of 20 multilingual professionals who are dedicated to upholding the company’s core values, as they strive to fulfill our clients’ dreams. The staff reflects a synergy of economics and ethics that Victor has brought to the company. He says that what makes Prestige special is, "the mix of experiences, our strong ethics, our love for the Island, and our long-term vision of the special relationship between the company and our clients".
Prestige Properties Team
Our Company Values
The values that Pascale established from the beginning have endured and evolved as the company has grown. In all aspects of our business – sales, rentals, listings, and concierge services – we provide personal service with integrity, style, and care. Our longstanding reputation for transparency and professionalism has been recognised by the major real estate associations in Ibiza: the PIMEEF and APIBIZA.
These values enable us to take excellent care of our clients in all aspects of real estate: finding the highest quality properties, organising unparalleled marketing, and having our finger on the pulse of local insights. Perhaps even more important is that we offer these services with grace and a smile. Clients of Prestige can still sense the French flair for elegance and ‘joie de vivre’ that Pascale brought to our lives and our work.
We Care About Ibiza
Our company strives to balance the pursuit of economic prosperity with support for the environment and social equity. Prestige has made green living a priority since 2017, and with the help of our tree planting offsets, we became a fully carbon neutral company this year. Prestige actively collaborates with local environmental organisations, and part of every commission for sale or rental is donated to IbizaPreservation in support of their wonderful work in protecting the island’s environment. We are particularly proud of our current campaign entitled ‘Campaña Escombro‘. In collaboration with the Novaforma construction company we aim to clean up illegal construction waste dumping sites on the island. Prestige also makes regular contributions to local charities that focus on promoting fairness and social justice.
Campaña Escombro
Prestige Properties has always been inspired by the love of Ibiza. Our vision for the future is to continue sharing our success in ways that help the island to evolve in a positive direction. We encourage our clients, collaborators, and all businesses on Ibiza, to join us by actively embracing the spirit of "Going Green & Giving Back".
The Prestige 40 Years Timeline
Victor with the Prestige Admin and Marketing Team
Victor with the Prestige Sales Team
Victor with the Prestige Rental and Concierge Team, including Pascale’s children Marie and Gabriel Dufournier
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
This report uses internal and external sources to present information on the property market in Ibiza and the Balearic Islands for 2022, along with its projected forecast for 2023.
According to the data and figures received, the analysis covers the following three topics of discussion:
The Balearic Islands Housing Market Summary 2022
The Ibiza Luxury Housing Market Report 2022 from Prestige Properties
Prestige Properties Ibiza 2023 Predicted Forecast
1) The Balearic Islands Housing Market Summary of 2022
Taking a glance at the Balearic Islands’ housing market over the past decade, we can see both sales and house prices continue to rise. In 2007, the market suffered a rapid decline due to the financial crisis. Even so, the real estate market has steadily recovered, reaching a peak in 2017, with similar figures appearing in sales throughout 2022.
Since 2017, there has been a slight drop in sales from late 2018 through to early 2020 (suggesting the market was experiencing minor stagnation); however, it must be noted that during this period, the property market sector, like many others, started to experience less movement due to the uncertainty of COVID-19 that inevitably contributed to the decline in sales. Despite this, since the summer of 2020, buyers’ activity has quickly rebounded and thrived again, with property sales continuing to rise across the Balearic Islands.
2) The Ibiza Luxury Housing Market Report 2022 from Prestige Properties
It should be noted that Ibiza’s luxury real estate market has always been more resilient than its neighbouring islands’ and Spain’s mainland, whereby setbacks or downturns have never been as severe.
Despite the real estate market dip across the Balearic, the pandemic demonstrated a continuous positive shift in Ibiza’s luxury market. For a more detailed analysis relating to the effects of the pandemic on the Ibiza real estate market, check out our end-of-year market reports for 2020 and 2021.
In fact, since the 2020 pandemic, Prestige Properties’ enquiries, sales, and revenue have almost doubled in numbers.
Source: Internal Data Prestige Properties Ibiza
Average Price per Square Metre per Municipality in Ibiza
Our internal statistics from our sales database at Prestige Properties Ibiza calculated an average increase in price per square metre, from 7.281€ to 8.028€, approximately a 10% rise between 2020 and 2022.
Source: Internal Data Prestige Properties Ibiza
In Ibiza’s luxury housing market, most municipalities have shown price increases per square metre between 2020 and 2022.
Source: Internal Data Prestige Properties Ibiza
Eivissa – Average Price & Price per m2
Overall, the city remains in high demand and demonstrates a strong market presence. As with most European cities, Eivissa offers something for everyone, and the city has gained popularity in line with the rest of the island. Eivissa has experienced a 1% increase in the price per square metre in the past year. Even though 7.503€/m2 is slightly below the island’s average, the area still accounted for the majority of all our sold properties (of which most were apartments) at 55%.
Average Property Size: 95 m2
Average Property Price in Euros: 620.000€
San José – Average Price & Price per m2
San José has always been high in demand among affluent luxury second-home buyers.Over the past few years, San José has been the municipality with the most stable prices, averaging 7.911€/m2. In addition, San José is the municipality with the greatest mix of types of properties sold this year, with Apartments, Fincas, Houses, Modern Villas, and Projects all being sold. Despite a 1% decrease in price per square metre since last year, San José has maintained a steady price per square metre overall.
Average Property Size: 172 m2
Average Property Price in Euros: 1.300.000€
Santa Eulalia – Average Price & Price per m2
In 2022, the average price per square metre in Santa Eulalia was 8.185€. This price is 14% lower than last year (2021: 9.553€/m2) but remains somewhat higher than the current average. However, even with this slight drop, Santa Eulalia has still seen an average of 34% increase in its price per square metre since 2020.
Average Property Size: 315 m2
Average Property Price in Euros: 2.600.000€
San Antonio – Average Price & Price per m2
Compared to previous years, San Antonio’s average square metre price has increased from 5.442€ in 2021 to 8.963€ – presenting a 65% increase year-on-year. There are two possible explanations for this. Most of the island’s high-end new builds and off-plan properties are in San Antonio. Although they generally have a small surface area, they still offer prime locations (sea-front, sunset views, etc.), increasing the overall property value and price per square metre of the area. In addition, the Municipality’s average square metre prices are significantly increased also by the sale of large Fincas in the northern parts of San Antonio (Santa Inés, San Mateo, Buscastell, etc.), which are far above the island average.
To give a more comprehensive view of this interesting development, the average square metre price in San Antonio can be broken down by property type giving a more accurate understanding of the average values: Apartment: 5,150€/m2 – Finca: 13,779€/m2 – House: 9,665€/m2.
Average Property Size: 225 m2
Average Property Price in Euros:1.800.000€
San Juan – Average Price & Price per m2
San Juan de Labritja in the north of the island has an average price per square metre of 9.167€/m2. This is largely due to sizable plots, usually situated on rustic (protected) land, and the scarcity of sales properties in the north of the island, which contributes to its high square metre price. The price per square metre in San Juan has seen a 5% increase over the past year.
Average Property Size: 600 m2
Average Property Price in Euros:3.000.000€
Average Sales Price of each Property Type in Ibiza
Besides a properties location, a property’s average price per m2 and its final sales price depends largely on its type (category). Generally, apartments are marginally below the average market sales price, while modern villas, Fincas, and houses tend to exceed average prices.
Source: Internal Data Prestige Properties Ibiza
In 2022 Ibiza’s average price of an apartment was around 566.000€, with a range in price from 320.000€ (low-end) to 620.000€ (high-end). While the average price of an authentic Finca in Ibiza was 3.000.000€, the state of a property and its location play a role in its final value. For example, San Juan de Labritja typically hosts a Finca value (around 5.5M) which is much higher than the average due to its natural habitat and surroundings. While Santa Eulalia has a lower typical Finca sales price (1.6M), considering that often the plots are smaller, areas are more urbanised, which means there may be more factors that affect the sales price, such as road noise.
The average sales price of a modern villa in 2022 was about 4.700.000€. However, those for sale in the municipality of Santa Eulalia were sold at around 6.000.000€, many of which are in fact situated in the most exclusive areas near Ibiza Town, namely in Can Rimbau, Can Pep Simó and Cap Martinet.
Average Sales Prices of Properties that are "as new" vs "to renovate"
As Ibiza is primarily a reseller market, it is beneficial to examine the average sales price of properties that classify "as new" or "to renovate". The average sales price for a large-scale property "as new" sits around 1.840.000€, while properties requiring a renovation are often priced at around 1.000.000€. A difference like this is even more evident in San José, where a property "to renovate" costs about half as much as buying one categorised "as new" (860.000€ vs 1.700.000€). The differences in other municipalities are not very notable, which indicates that investment potential via renovations is highly variable and needs to be reviewed individually.
Source: Internal Data Prestige Properties Ibiza
Reasons for Buying a Property in Ibiza
The reasons people choose to purchase a property in Ibiza can be divided into three main categories: first home, second home, and investment. It is noteworthy that first-home buyers purchase a property to serve as their primary residence, whereas second-home buyers will primarily use the property as a vacation home. Buyers who intend to use the property as a holiday rental property to generate a return on investment or who intend to renovate and resell the property have been categorised as investment buyers.
The luxury property market in Ibiza has become the preferred destination for many international buyers. This has resulted in nearly 58% of our buyers purchasing a property as a second home, over 27% buying a property primarily as an investment, and only 15% of the 2022 property sales were made by first home buyers. 40% of the first home buyers were Spanish nationals, and they generally invested in apartments.
Source: Internal Data Prestige Properties Ibiza
International Interest and Percentage of Nationalities Buying in Ibiza
UK buyers remained the largest group at Prestige Properties in 2022, followed by Italians, French, and Germans. These four nationalities together purchased approximately 60% of the total properties sold in 2022, whilst the Dutch, Spanish, and Swiss buyers comprise the second-largest buyer group (27%).
Interestingly, in 2022, we received more overseas enquiries than in previous years, resulting in purchases made by residents of the USA and Hong Kong.
Source: Internal Data Prestige Properties Ibiza
Popular Ibiza Municipalities by Buyer’s Nationalities
Spanish and Italian nationals generally invest mainly in Ibiza Town, while German, Belgian, French and Dutch nationals invest mainly in San José. UK buyers tended to spread across the entire island, with numbers being evenly distributed between San Antonio, Ibiza Town, and San José. Most properties sold during 2022 were in San José (38%), followed by Ibiza Town (28%).
Source: Internal Data Prestige Properties Ibiza
We can also observe an equal trend towards purchasing apartments (55%) and detached houses (41%, including Fincas and Modern Villas) during 2022, with construction projects accounting for only 4% of the properties sold. However, this is not surprising in light of the limited supply of development projects. In Ibiza, construction permits are difficult to obtain, and a great deal of protected land limits the authorisation of new builds and construction projects available for sale.
In contrast to the general trend of buying an apartment in Ibiza, our clients from the UK and Belgium have a clear tendency towards buying a house.
Prestige’s Top-Selling Locations of the Year 2022
Based on the Sales Volume, the top-selling municipality in 2022 was San José, followed by Santa Eulalia and San Antonio. However, if we consider the actual number of properties sold, the order changes to: San José de Sa Talaia (38% of properties sold), Ibiza Town (28% of properties sold), followed by San Antonio (15% of properties sold), Santa Eulalia (15% of properties sold) and San Juan (4% of properties sold).
Source: Internal Data Prestige Properties Ibiza
Long-Term Rental Interest: an indicator for potential buyers
Long-term rentals for larger properties have become increasingly popular, especially with families. People recognise that they can work efficiently from home, focusing on building their businesses and watching their families grow in an idyllic location is a real and achievable attraction and a noticeable change since the pandemic. While there is a high demand, the market in fact lacks long-term rental opportunities and therefore provides good investment possibilities for clients seeking buy-to-let properties in Ibiza.
High Demand vs. Low Supply: the trend continues
Throughout the past few years, the number of enquiries for properties has been continuously surging, with an 87% rise over the past 2 years. It is clear that demand is increasing, yet fewer properties are being placed on the market. Throughout 2022, Prestige Properties saw a drop of around 50% in (published) listings. As a result of Ibiza’s increasingly restrictive building regulations, the number of newly constructed properties is also declining year after year. In this Prestige portfolio, 182 new properties were listed for sale in total throughout 2022. The lack of supply is one of the main reasons why the Ibiza Real Estate Market remains stable and properties consistently increase in value.
Source: Internal Data Prestige Properties Ibiza
Conclusion: The Luxury Real Estate Market Ibiza 2022
The Balearic Islands are not only one of the most popular holiday destinations in Europe, but they are also among the leading real estate markets in Spain, especially Ibiza’s luxury housing market, which continues to grow steadily. From the information and data above, we can see that the international second-home and investment market continues to flourish, with an increasing island-wide interest, particularly in the San José area.
Home sales, overall prices, and price per square metre in Ibiza are generally higher than in other Balearic Islands or Spanish mainland. According to Idealista’s statistics, the average sales price per square metre in Spain is 1.929€/m2, whereas, in the Balearic Islands, it is around 3.690€/m2, and in Ibiza it is 4.879€/m2. Prices have slightly increased, quality supply dried up and demand has rocketed. International high net worth families continue to establish themselves on the island, diversity is expanding, and the infrastructure is gradually being improved.
3) Prestige Properties 2023 Predicted Forecast
According to the house price index (IPV) published by the National Institute of Statistics (INE), the Balearic Islands remained the Spanish region with the highest house prices in the third quarter of 2022. Prices here increased by 8.3% compared to the same quarter last year. The luxury property market in Ibiza is expected to rise steadily and consistently. In general, this speaks to Ibiza’s upscale market, which is likely to continue to be attractive internationally well into 2023. As we leave 2022 behind and have started 2023, we anticipate a minor decline in sales. This is based on a global sentiment of general stagnation, but is also especially true in Ibiza since we are increasingly seeing a shortage of sellers on the market. However, growing in popularity as a trendy and desirable place to live, the island is generally experiencing continuous growth. Amidst Ibiza’s boom in luxury and extravagance, Ibiza’s main challenge will be maintaining its local charm and authenticity.
N.B. All data discussed above represents our internal data related to the luxury housing market in Ibiza and is solely taken from our internal database.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
All you need to know about selling your property in Ibiza
Is it time to sell your Ibiza property? With the real estate market at a stable value, Prestige Properties Ibiza can help you sell your property at a great price and with ease.
Find out everything you need to know about selling your villa or apartment on the magical white island of Ibiza right here with us!
Is ‘now’ a good time to sell a property in Ibiza: an overview of the real estate market
Besides being a popular destination for tourists, Ibiza has also become a popular location for international buyers seeking a permanent family residence, a second home or an investment opportunity.
There are several reasons why internationals consider buying property in Ibiza, including the wonderfully mild all-year-round climate, beautiful beaches, a lively atmosphere, remarkable architecture, and a unique local flavour. Of course, we shouldn’t forget the great international schools, the high standard of living, and the buyer’s investment return. For these reasons, we see a constant high demand versus low supply for Ibiza real estate, making property values stable and a favourable time to sell your property.
Selling your property in Ibiza with a trusted and reputable agency: Ibiza Real Estate Agents
Real estate agents who understand the Ibiza market can help you buy or sell a home with excellent results. Your property is more likely to be sold or found quickly and efficiently if you use a reputable and experienced agency. Nevertheless, it is challenging to choose which real estate agent to trust on the island due to the vast number of agents available.
Choosing a reliable agent is essential. A real estate expert should have education, credentials, certifications, and insurance, just like any expert in any field. Look for well-trained agencies registered with a professional body in Ibiza.
How will my property be valued: understanding real estate prices in Ibiza
To sell property in Ibiza profitably, we would always advise you to follow the current market prices recommended by your trusted agent. Understanding the local market well from your agent’s expertise is very important. Valuations can vary greatly depending on the property, the town, proximity to the sea, and the area’s status, and the current market. Therefore, all these factors should be considered when selling real estate in Ibiza.
Wish to get a valuation from one of our experienced real estate agents? Look no further; contact us today!
Selling your property in Ibiza: legalities, taxes and procedures
Numerous policies, procedures and costs need to be considered when selling your Ibiza property. For example:
The contract must be signed in the presence of both parties and the public notary. If the buyer or seller cannot participate in the procedure, attorneys may act on your behalf. In particular, the notary checks:
certificates confirming the absence of encumbrances of the object;
the correctness of the contract;
the parties have bank accounts in local banks necessary for the conclusion of the transaction.
The subsequent transfer of ownership when selling a property in Spain is also controlled by a notary. To speed up and simplify the procedure, you can enlist the support of a lawyer who will help prepare documents and avoid several difficulties.
Like in other European countries, both parties must pay specific tax fees when selling real estate in Spain. From the seller’s point of view, when concluding a transaction, the following costs should be expected:
Municipal Capital Gains Tax.
Income tax.
Tax on changes in the cadastral value of an object.
In our guide on the property selling process, you’ll find all the information you need, in detail, including a thorough list of procedures, taxes, costs, and some handy tips and points of reference.
This guide can be used throughout your seller’s process, and if you need any additional advice, we will be happy to assist you.
Are you ready to put your Ibiza property on the housing market?
A professional real estate agency with the necessary skills, knowledge, and infrastructure makes selling a home much less stressful. You should always contact a few companies and ideally arrange to meet at their physical offices to better understand their markets, work ethic, and personal connections.
At Prestige Properties Ibiza, our extensive experience in the local market will help you find the right buyer in no time at all. We can confidently sell your home with great satisfaction. Need to know more, check out our website article, ‘15 reasons to sell your property with Prestige Properties Ibiza’.
Our team is always ready to help you with your seller’s journey and will ensure you get the best opportunities with us, so why not contact us today?
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
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:
The General Balearic Property Price Curve & Sales
The Ibiza Property Price Curve 2021 Summary
The Ibiza Luxury Housing Market Report 2021 with Prestige Properties
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.
2019
2020
2021
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.
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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
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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!
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