As Ibiza’s housing market continues to prosper, we are delighted to share why owning a luxury property presents many benefits.
In recent years, Ibiza has seen a significant influx of new residents, international buyers, and tourists, particularly in the luxury market. As a result, the island has experienced a steady increase in property prices and a decrease of supply.
It is often the case that prestigious properties in Ibiza are highly resaleable, usually due to their location, surroundings, and typical state-of-the-art amenities –– which attract buyers worldwide. Aside from their exclusivity and limited availability, these homes are often located in gated communities with 24-hour security or remote private locations. Owners can also generate a more lucrative income by renting out such properties at a higher rate, providing a great return on investment.
Read on to learn what it means to own a luxury property on the magic white island of Ibiza.
The Exclusive and Prestige Status of Ibiza
Ibiza is considered one of the most prestigious tourist destinations in Europe for the elite. Our island is indeed renowned for its stunning landscapes, vibrant culture, and lively nightlife, but as time has passed, our A-list clientele has become more apparent. With world-class hotels, yacht charters, and VIP amenities and services –– Ibiza is now a hotspot location for those seeking a luxurious and exclusive lifestyle.
As a result, Ibiza has become a highly sought-after destination for celebrities, the wealthy, UAE travellers, ultra-high-net-worth individuals (UHNWI), and those with a prestigious status looking to rent luxury properties for both long-term and holiday use. In light of this, owning a luxury property here is becoming increasingly appealing.
Owning a Luxury Property in Ibiza Offers a Great Investment Potential
Given Ibiza’s thriving real estate market and demand for high-end properties, we cannot emphasise enough the potential for a strong return on investment. In an era of shortages, exclusive properties are constantly in high demand due to their rarity. The fact that Ibiza will remain one of the top destinations for buying property in 2023 (and the foreseeable future) is a fact that we can confidently state.
Generally speaking, the island continues to grow, especially in the hospitality and tourism sectors, and is becoming an excellent location to live in and invest in. Owning an exclusive home in Ibiza is still, and will continue to be, a sound investment that will bring financial rewards for many years.
Owning a Luxury Property in Ibiza comes with Privacy and Security
A luxury property in Ibiza often combines an ambience of privacy and security with top-of-the-line security systems and gated communities. These safety and security features ensure that island residents enjoy their homes and surroundings while feeling protected. In particular, wealthy UHNWIs and royalty from the United Arab Emirates are likely to find this an essential factor when renting owned properties for their holidays.
It is well known that Ibiza’s luxury properties are designed with the highest degree of attention to detail and security, providing an elite and secure experience for its guests.
Owning a Luxury Property in Ibiza Offers Exclusive Services and Amenities
The ownership of a luxury property is also usually accompanied by a wide range of bespoke services and amenities, such as concierge services, high-level security, and high-end property management services. These services can ease the burden on any owner (especially those living on international grounds) by providing exceptional assistance tailored to their specific needs on a 24-hour basis to make life much easier.
Are You Looking to Buy a Luxury Property in Ibiza?
There are often some great investment opportunities here in Ibiza. But as the demand is almost always higher than the supply, if the perfect investment property is out there for you, actively registering yourself with the right agent as early as possible is highly recommended.
Why not chat with one of our agents to help you find a suitable property investment?
We would love to hear from you!
For regular updates, recommendations, and experiences, keep up to date with our latest news via our social media pages and blog posts.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Why Working with a Top Luxury Real Estate Agency in Ibiza is Essential
Living and residing in Ibiza sounds like a dream, right? And, whilst that may be true, purchasing a luxury property on the island can be far from easy, especially when handled by the wrong agency.
With our help, you can navigate the multiple dynamics within the real estate industry and find an agent who understands the market, resulting in an outstanding and desirable outcome for your purchase or sale.
Read on to see our list of valuable tips to look out for when choosing a luxury real estate agency to assist you.
Never Underestimate Professionalism and Experience
Unfortunately, Ibiza has many amateurs at play-people who want to make big wins with little effort and no accountability. As a result, anyone with a website and some contacts can call themselves a realtor since educational training and certifications are optional for real estate agents in Spain.
Always be sure to select an experienced agent in every sense of the word. You should always be able to visit a physical office in person to see how they work. Just as an expert in any industry has education, credentials, professional body certifications, and insurance, real estate should be no different. Look out for well-trained agencies registered and associated with professional bodies like PIMEEF and APIBIZA.
An Established Real Estate Agent in Ibiza
An established real estate agent will be well connected: demonstrating a comprehensive portfolio of direct listings and shared listings with integrity partners. They will be able to provide a full range of services to clients in collaboration with property managers, builders, architects, lawyers, notaries, and gestorias, all in a variety of languages as well.
Online Presence and Marketing Strategies
A quick online search for ‘real estate agents in Ibiza’ is always essential. Real estate agencies that excel in their marketing and online presence will always rank higher in Google search results. Furthermore, their website will be user-friendly and feature a wide variety of nicely presented properties. Property descriptions should be detailed and well written, with professional photography and videos, and possibly even virtual 3D tours.
Real estate agents with authority will also have regularly printed publicity through billboard advertising, company cars, public relations, and magazines. Finding out your chosen agency’s online presence, presentation and marketing strategy is a clear way to determine its strength in the real estate sector. This is especially important when selling your home.
Choosing Your Luxury Real Estate Agency in Ibiza
You may wish to speak to those around you who have recently worked with an Ibiza real estate agency and ask for recommendations. A referral can be a precious resource when selecting a real estate agent. However, if you are new to Ibiza, you may have difficulty finding a reliable recommendation. In either case, any client who plans to buy or sell a property (with or without recommendations) should follow the advice outlined below to ensure they work with a reputable real estate agent.
Make sure you conduct thorough research, ask around and do not settle until you are confident you have found the right agency. Be sure to scan through testimonials and Google reviews to get a glimpse of the services and standards of your chosen agent.
Ask as many questions or request as much information as you need. Ensure that all fees, costs, and general agreements are clearly stated and that you are comfortable with them. You should always feel at ease throughout the entire process, that you are adequately informed, and that you can ask every question you have (regardless of how large or small it may seem).
Don’t hesitate to move on if you feel pressured to make a decision or if someone withholds information from you.
Are we the Right Luxury Real Estate Agent for You?
Buying and selling a home is considerably less stressful if you work with a professional real estate agency with the necessary skills, knowledge and infrastructure.
Thank you for staying updated with us at Prestige Properties. We hope to see you soon!
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Our Best Luxury Properties for Sale in Ibiza in 2023
This month we’re super excited to share some of our top-fave luxury villas and homes on the real estate market. We hope that by showing you these exclusive properties, you’ll remember why Ibiza remains a hot investment and living destination.
Real estate in Ibiza has grown significantly in recent years, especially in the luxury segment. Consequently, the island is booming with interest, prices are increasing, quality supplies are dwindling, and demand is high. So, if you’re looking for that dream Ibiza pad, keep an eye on our regular blog posts with our current Ibiza properties for sale to ensure that your dream house doesn’t pass you by.
Read on to see some of our stunning homes ready for you to move into and enjoy immediately.
Can Vista Vedra
Fantastic finca with incredible Es Vedrá views
Just 350 meters from the idyllic Cala Carbo bathing bay, one of Ibiza’s most beautiful coastal areas, Can Vista Vedra sits perfectly tucked away.
This beautiful three-double bedroom finca, all with en-suite bathrooms, enjoys complete tranquillity and privacy. All on one level, the living area perfectly adjoins the dining area, which directly overlooks the sea and the property’s magnificent pool terrace. From here, you can observe unobstructed views of Es Vedra, the passing boats and unforgettable sunsets.
In the separate casita, you will also find a living room, a kitchenette, a bedroom, and a comfortable bathroom. Additionally, there is a small terrace from which you can enjoy the surrounding views.
With plenty of Mediterranean plants and colourful flowers, the garden offers plenty of places to relax and eat outside. The perfect place to enjoy a gentle breeze on a hot summer day.
Can Vista Vedra is a unique setting within easy walking distance of the beach. This property also has a coveted ‘tourist rental licence’, which makes it a perfect investment.
Apartamento de la luz
A top-notch luxury apartment with amazing views of the old town
Located in the heart of the marina, just 350m from Talamanca Beach, Apartamento De La Luz has impressive views and is a sun trap location. It’s a first-line property with stunning views of the open sea and the old town of Ibiza. With a total built area of 174m2, three bedrooms, two bathrooms, and a big open kitchen overlooking Dalt Vila – this home is certainly worth considering. All three bedrooms at the back of the apartment also offer excellent views over Talamanca Beach.
A truly modern-contemporary home, this apartment has been completely remodelled and cannot compare to any other apartment in the building. The owner has most certainly paid attention to every detail. Guests will be immediately drawn to the beautiful open kitchen with marble work surfaces and eye-catching natural wooden doors.
A large and luxe swimming pool within beautiful gardens can be found in the outdoor area of this community. What’s more, throughout the entire year, an exclusive concierge service is available.
Villa Vistas Dalt Vila
A Can Furnet villa with a rental licence and spectacular views of the old town.
In the popular urbanisation of Can Furnet, close to Ibiza Town, Villa Vistas Dalt Vila is complete with a full rental licence. Located on 3060 m2 of land, the property has two plots. The owner bought the second plot to ensure spectacular sea and old town views. So it’s a great investment opportunity with the potential to build a second property.
This three-storey villa has an open-plan designer kitchen, an open-air gym and an outdoor dining area on the main level. On this same level, we also find the first bedroom – ideal for children, with its little salon and bathroom en suite. There is also a luxurious master bedroom with a gorgeous en-suite bathroom and two additional double bedrooms with walk-in wardrobes.
You can access the garden and pool area from the ground or the first floor with a fantastic south-facing pool. Within the grounds, the property also has a lovely guest house, a covered chill-out area, a jacuzzi and an outdoor kitchen on the first floor near the outdoor dining area.
Finding your Luxury Ibiza Home Has Never Been Easier
Let’s get talking about finding the right investment property for you. We’d love to hear from you!
Whenever you see a property that meets your needs, we strongly recommend you contact us. Investing in Ibiza can be great, but demand is almost always higher than supply, so properties often sell quickly.
Take advantage of the opportunity to make an appointment to visit any of our properties mentioned above or others we currently have on the market with us today. We also offer virtual tours upon request.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
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:
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!
We are now a 100% carbon-neutral company at Prestige Properties Ibiza
Together with the local community and outside environmental organisations, we set the bar high regarding our Corporate and Social Responsibility (CSR).
We recognise that our everyday work impacts our environment. Because of this, we decided to take action to fight for a safer and cleaner future by becoming a carbon-neutral company.
In 2019 we partnered with an external environmental organisation to begin calculating and reducing our carbon footprint in the workplace. Our carbon footprint strategy has recently extended into an off-setting plan through reforestation with Bosquia, and we’d love to show you our journey so far.
Workplace carbon emissions and the planetary problem
Over the past century, it has been estimated that global CO2 emissions have risen from 2 billion tons (recorded in 1900) to a staggering 36.8bn tonnes. (by 2022 – International Energy Agency (IEA)).
Energy usage is a part of every company and household. CO2 emissions and energy consumption occur because of natural gas, electricity, heating, propane, servers, employee travel, and daily commuters. However, businesses and households can reduce their carbon footprint by taking simple, intentional actions. Using renewable energy sources, adjusting thermostats, making sure all plugs are turned off at the end of the day, using a laptop instead of a desktop computer, opting for hybrid vehicles, and recycling can all help.
Reducing our CO2 emissions and calculating our carbon footprint as a company
Our company has been actively working with a specialised partner program since 2019. Our partnership with Ambialia has helped us calculate and reduce our carbon footprint – setting us on a path to protect the environment, fight climate change, and help work towards the transition to a clean energy future.
As part of our efforts to reduce our carbon footprint, we have implemented the following initiatives:
The use of hybrid company cars
Using recycled paper
Shifting from quarterly to annually printed magazines
Reducing our office thermostat and using low energy eco-settings
Offering our clients the service of live video visits of properties so that they do not need to take a flight to Ibiza every time
In the latter part of 2020, we calculated our current carbon footprint. Prestige Properties Ibiza emits approximately 18 tonnes of CO2 per year.
Off-setting with Bosquia – reforestation, actions and environmental policy
As part of our carbon footprint strategy, we’ve started reforestation with Bosquia. Their social enterprise educates companies like ourselves and individuals about the importance of forests. It encourages us to make a difference by increasing our planet’s green space. By funding them, we can compensate for our carbon footprint expenditure and enable them to reforest or create new native forests on our company’s behalf.
As the most significant regulators and balancers of climate, forests favour rainfall, generate oxygen, clean the air, and serve as an essential part of our planet’s ecosystem.As a company, we were particularly drawn to Bosquia as our off-setting non-profit organisation for their passion for nature, human progress and dedication to protecting forests on the Spanish mainland.
Be part of the solution.
Based on our internal statistics and general market trends across mainland Spain and the Balearic islands, we are confident that Ibiza will remain a top destination for buying property in 2023.
Ignoring the correlation between our CO2 emissions and climate change is easy. To address the problem at hand and work towards a clean energy future, we all need to consider offsetting and funding projects such as Bosquia that work to reduce carbon emissions.
In a world where climate change is becoming an increasingly urgent issue, we strive to be a sustainability role model within our industry, working with our specialised partners in innovative ways to combat the global issues at hand.
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!
Ibiza 2022: The end of a significant year here at Prestige Properties Ibiza
We at Prestige Properties Ibiza are proud to say that 2022 has been an exceptionally successful year, despite its unexpected hardships. Together as a team, we are stronger than ever and are proud to announce our company milestones and share our accomplishments with you.
Here is a brief summary of what the past year has brought us, our progress, and the new adventures we plan on taking on in 2023.
Tribute to Pascale – a truly exceptional woman
2022 kicked off with a very unexpected loss for Prestige Properties. Sadly, on Friday, April 1st 2022, we said goodbye and celebrated Pascale Dufournier’s life after losing her fight with cancer. We lost a wonderful person who was our beloved company’s very heart and soul. A young woman from Paris, Pascale came to Ibiza in 1976 to follow her dreams. Her passion for design, elegance, and the island she loved led to the creation of Prestige Properties in 1983.
The many beautiful qualities that Pascale brought to her life and work will never be forgotten – generosity, a caring way of being, exquisite style and humour, a joyful zest for life, and her love for the island of Ibiza. Throughout the course of her life, she was dedicated to sharing her joy with family, friends, and those of us who were thankful to be a part of her company. As Pascale often said, "Prestige has never been "work" to me; it has been my family." She will be so deeply missed, yet her presence remains with us in our lives and at Prestige. Read our full tribute to the wonderful Pascale here, a truly exceptional woman.
Social responsibility, community Initiatives and going green campaign Ibiza
Corporate Social Responsibility (CSR) is what we at Prestige Properties Ibiza consider a humble way of giving back to Ibiza. As a company and individuals, we are grateful for our home and opportunities, which motivates us to acknowledge our accountability through change.
Since 2017, we have prioritised green living and charitable giving as part of our company and lifestyle. These actions include:
Reducing Co2 Emissions through Calculation, Reduction & Recycling
Donating a portion of every sale and rental commission to IbizaPreservation
Regular Contributions to Local Charities Focusing on Social Equality
Supporting Local Sports and Youth Clubs via our UD Ibiza Sponsorship and others
Throughout 2022, we have invested in more hybrid cars, participated in beach clean-ups, and devised home guides for owners and tourists, ensuring energy efficiency and promoting sustainability in Ibiza. We have all the latest news, home guides, collaborations, and achievements on our going green page.
In an exciting development, we have recently launched our most recent green campaign as part of our commitment to the environment and love for the island.
Our recently launched campaign, ‘Campaña Escombro‘, was developed in collaboration with Novaforma construction company to clean up illegal construction dumping on the island. Contributing to solving problems caused by tourism, renovations, and the influx of ongoing construction projects. Here, we encourage everyone, from our clients, collaborators, local businesses and island residents, to actively participate and join forces with us in "Going Green & Giving Back".
You can read more here and learn how to get involved, be part of the solution, and make a difference for Ibiza’s optimal habitat.
Last but not least, in keeping with our green campaign and to ensure that our clients have the most enjoyable Ibiza experience, we now include the De Angel amenities line of organic hair care and body care in our rental welcome gift pack. De Angel makes natural body cleansing products that are 100% natural and derived from local sources. A little something to make your stay both sustainable and memorable.
New team members at Prestige Properties Ibiza
The island has certainly grown more than expected in general since the pandemic, becoming a much more desirable and trendy place to live, with both the selling of homes and long-term rentals, as well as tourism at an all-time high, especially among families and international buyers. The influx of inquiries was such that Prestige Properties Ibiza had to hire more staff by the summer of 2021 to handle the influx of inquiries. This trend continued directly into 2022 as well. So, with that said, a special warm welcome and thank you to our brand new team members from 2022, Edgar, Gabriel Dufournier, and Carlos.
Our new Prestige Properties Ibiza concierge service
Having built up reliable connections and collaborations on the island, we launched our brand new concierge services in 2022, ensuring the finest service on the island. Whatever you need, we can arrange it. Our services include airport pick-up and return, yacht charters and island boat tours, in-house chefs, event management referrals, grocery shopping, delivery and pre-stocking, wellness, yoga, personal training, spa and massage treatments, home cinema and entertainment, VIP reservations, and much more. We’ll do everything we can to ensure you experience the best of Ibiza.
With Prestige Properties, we offer multiple complimentary packages, or you can also choose from our paid packages for that extra memorable stay! Visit our concierge page or a recent blog for more information.
Almost time to celebrate our 40th anniversary at Prestige Properties Ibiza
The year 2023 will be an exceptional one for us at Prestige Properties Ibiza, as the year that will mark our 40th anniversary in business. It would be an understatement to say that the journey has inspired us all so far. We are proud of our role as one of the leading real estate agencies in the island’s luxury housing market. As part of celebrating this milestone, we have invested in renovating and reconstructing the Ibiza office to make it more energy-efficient and comfortable for our team members. Even though the process is still in its infancy, we look forward to revealing a redesigned and improved office that will also provide our clients with an inviting and exciting environment to do business.
Looking forward to a great year ahead in Ibiza 2023
Our company is grateful for the success we have experienced this year, and we are looking forward to the next year with great anticipation. You can keep up to date with all our latest news and updates here at Prestige Properties Ibiza!
With love, Team Prestige wishes you all a happy new year 2023!
The best Ibiza property is waiting for you, whether you’re just starting out on your buyer’s journey, considering selling your villa, or looking for your dream summer holiday home… let us help you with our exceptional service and the finest island portfolio! 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!
Plan your Ibiza Private Event with Prestige Concierge Services
Looking to Plan your Ibiza Private Event?
Our concierge services are here to help you organise the perfect private Ibiza event. From finding a perfect villa location, sourcing excellent vendors and suppliers, or providing the right event management teams for larger-scale events. We assure you of the highest quality service thanks to our reliable connections on the island.
Read on to find out how our concierge team can assist with your event planning at Prestige Properties Ibiza.
Let our concierge team arrange the perfect Ibiza private villa event
We have a wonderful array of enticing properties that can help you celebrate your special event with ultimate privacy in a sun-soaked location. Whether you want a modern villa with pools and chill-out zones, a peaceful country setting, a traditional farmhouse or Finca, sea views, or being close to the nightlife, we have everything you need! In addition to every municipality, we also cover Ibiza’s top hotspots, including Cala Jondal, Vista Alegre, Cala Tarida, San Carlos, Santa Gertrudis, San José, Cala Molí, Ses Salines, and Es Cubells.
Once you have booked your villa stay for a week or more for your celebration, birthday, wedding anniversary, Christmas, or New Year, we’ll start working on the finer details to make your event memorable.
Book your Ibiza event management team and catering service through us
If you’re staying with Prestige Properties and would like to host that ultimate birthday party, poolside BBQ or any other form of entertainment at your villa, then you’re in the right place. Our events team has built strong relationships with some of the island’s finest catering and hospitality teams, DJs, pop-up cocktail bars, and cinema nights under the stars. Just tell us what you have in mind, and we will work on making it happen for you!
A larger event requires excellent event management services, food choices, and menus. If you’re looking for a luxury wedding or a large-scale party, we will place you in contact with our experienced and highly recommended event management collaborations.
Go the extra mile with yacht and boat trips, health and wellness, and VIP reservations
Every trip to Ibiza usually accompanies a few days of extracurricular activities. We are happy to help arrange all those memorable moments during your stay. We can, of course, offer and suggest plenty of exciting activities in addition to those relaxing days by the poolside or beach so that you can make the most of your Ibiza stay.
We can arrange anything during any point of the year, from water sports and nature activities to a much-needed break from the stresses of life with one of our home wellness programs or massages, through to a luxury yacht trip to discover all the island’s hidden coves and beaches. We can also find the best nightclubs, dinner shows, VIP reservations and social scenes on the island of Ibiza so that you can party in style.
Don’t forget the kids…
Occasionally, even the most attentive parents need a brief break from time to time! With Prestige Properties, hiring a nanny, babysitter, or even children’s entertainment while you are on vacation is safe. No matter whether you’re taking a short break or celebrating a child’s birthday. Let us take care of the little ones during your vacation so that you can relax knowing they are in safe hands.
You can rest assured that our trusted services are both reputable and experienced. We have agency collaborations with qualified, multilingual staff committed to ensuring that your children are well cared for. This will take the pressure off so you can finally enjoy some alone time.
An overview of our Ibiza holiday concierge services
There is nothing like having your concierge service assist you with every step of your Ibiza holiday or event. Among the many services we can arrange are airport pick-ups, private driver services, yacht charters, boat tours, in-house chefs, catering, grocery shopping, food delivery, yoga, personal training, home spa treatments, massages, home cinema, entertainment, VIP reservations, childcare services and much, much more.
Our goal is to ensure that you enjoy all the best Ibiza has to offer for your event – and we will do everything we can to make that happen – so just get in touch with our team, give us your requirements, and we’ll do the rest.
Why not consider our exclusive Ibiza concierge packages
Do you suspect the complimentary package won’t meet all of your needs? Similarly to our special events concierge, we can create a custom package for you or discuss our concierge packages so that your vacation is stress-free while we handle all the details.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
2022 was the year for our ‘Going Green Debris Campaign’ at Prestige Properties Ibiza: Campaña Escombro
Our love for Ibiza knows no bounds. But, our love must exceed mere pleasure and enjoyment. Our commitment to the environment and love for the island has led to the rise of our GOING GREEN campaign, which we are very passionate about and strive to maintain.
Our role as a responsible company involves reducing our carbon footprint, participating in regular beach clean-ups, educating homeowners about energy efficiency, and supporting IbizaPreservation. In addition, it is a great honour and pleasure to announce that in 2022 we launched our brand-new initiative on the island – the first of its kind!
Our campaign, ‘Campaña Escombro’, has been developed in collaboration with Novaforma construction company to clean up illegal construction dumping on the island.
Read on to find out how to get involved, be part of the solution, and make a difference in keeping mother nature as she deserves.
Before | After
What is the ‘Campaña Escombro’ campaign?
Campaña Escombro aims to contribute to the solution of the problems caused by, the renovation of old properties, the influx of ongoing construction projects, and the explosion in tourism. We believe it was a logical step in the right direction for us to keep the illegal dumping of construction waste at bay and do our bit to try and preserve the island’s pristine natural beauty
Many of us have walked through the picturesque countryside only to be confronted with a pile of construction debris and rubbish waste materials. Together with Novaforma Constructions and Services Ibiza, we have introduced a process to clean-up some of these illegal dumping sites.
Anyone who sees one of these sites can report it to Prestige Properties Ibiza by contacting us with a photo and location pin. We will then work to remove the rubbish and separate it for proper disposal, with all costs covered and donated internally between the two companies.
To preserve Ibiza’s natural beauty, we encourage everyone, from our clients, collaborators, local businesses and island residents, to actively participate and join forces with us in "Going Green & Giving Back".
The scope of the problem: illegal dumping of construction materials in Ibiza
Unfortunately, the island has yet to have official statistics surrounding the illegal dumping of reconstruction waste materials. In addition, no action has been taken to prevent or clean up construction debris dumped in nature.
As well as being an eyesore, illegal dumping has severe impacts on wildlife and habitat. Chemicals and non-biodegradable materials contaminate groundwater and soil in the waste. It is also possible for domesticated animals and wildlife to die after consuming poisonous materials.
We need you to help us collect illegal dumping of construction waste in Ibiza.
Although it is still necessary to overcome bureaucratic obstacles (since we must move onto private land with permission), Prestige Properties Ibiza, alongside Novaforma, will collect construction waste from areas we are informed about by you, our fellow islanders.
Our first rubble heap was cleared near Cala Llenya in September. Along with Novaforma employees, we disposed of 9.5 tonnes of rubble. There is now a return to the natural state of the landscape, which is the most beautiful and rewarding experience.
People and families in Ibiza can benefit from social responsibility. Whether we donate to charitable causes, support environmental changes, or consider programs that help people from developing countries, our social responsibility as a community can make a difference in the lives, health, and environment of others.
Our goal is to change the future outcome for our local communities and the planet in the years to come by taking one small step at a time.
We believe in Giving Back!
We believe in Going Green!
We welcome you to join us in this pursuit!
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
