Benefits of leaflets made with recycled paper 

Compostable leaflets

Aware of the importance of using recycled paper and considering our love for Ibiza and for preserving our island, several years ago we began considering how we could reduce the use of paper at our company. We wanted to implement a responsible use that was commensurate with our environmental awareness and where respect for the environment is one of the main objectives in our daily operations.

In July 2018 we launched our first leaflets made using 100% recyclable paper, chlorine-free and biodegradable. We are the first to do so in our sector and would like for more companies to begin using recycled paper. We understand that conserving our resources is a global issue and therefore, in the following post we would like to show you this technique and introduce some of the most commonly used methods.

Water based inks

Inks are usually made using petroleum based solvents. When these are exposed to water, they contaminate the groundwater and the soil. These inks can also emit volatile organic compounds VOCs that are toxic to humans. These compounds are also ozone precursors and are therefore harmful to health, crops and fields.

The water-based inks that are used for our leaflets notably decrease the emission of VOCs. This reduces the environmental impact and improves the working conditions of employees tasked with printing the leaflets. Another consequence of using inks made using petroleum-based solvents is that the process of cleaning the machines and equipment generate a large amount of VOCs and hazardous waste such as rags. This can be prevented by using water-based inks for printing.

Bleaching of paper

Three methods are used for bleaching the paste during the paper manufacturing process. The method that was previously used and which use has been drastically reduced since 1990 is a method that uses elemental chlorine. This method of bleaching is currently prohibited by the European Union. Another method based on this element is one that uses chlorine dioxide, which is applied to 84% of the paste in the paper that is currently being produced in the world. This component is much less toxic that elemental chlorine but it is not completely safe and its level of toxicity is subject to controversy.

The third method for bleaching the paper paste is one used for producing recycled products. In this case the paste is either not bleached or sodium hydrosulphite is used, which is a completely chlorine-free chemical.

This method, although not widely used since it is only used in 5% of the paper that is produced, provides some advantages. The first advantage is that the paper does not absorb chlorine and therefore is completely bio-compostable. The second advantage is that less water is used for bleaching and a large percentage of it can be reused. The third advantage is that the residual water is much easier to treat when this bleaching method is used.

Leaflets made using recycled paper must naturally degrade without harming the environment. This is why we also need to use water-based and non-toxic inks for printing. Another requirement is that the paper must be bleached using chlorine-free products.

Protecting the environment

Trees are a source of raw materials; the so-called virgin paper paste, for paper producing industries. At least 4000 million trees are felled on the planet each year and the species that are most often subjected to this process are the eucalyptus and the pine.

A suitable collection and separation of paper and cardboard allows for proper recycling these as well as other recyclable materials such as plastic, glass, metal and bio-waste collected in bio-compostable bags; the composting process may be industrial or domestic. The separating of materials in blue containers prevents the paper and cardboard from becoming stained or contaminated, which would make them harder to recycle.

Recycling process

Recycled paper and cardboard may be reused almost entirely considering that 1000 kilograms will generate 900 kilograms of products made with recycled paper. After collecting and separating, the recycled paper paste is cleansed of possible foreign elements and it is separated from the ink. Then, it is subjected to a drying and pressing process to make the paper. You must know that the complete process may be carried out several times but nearly 15% is lost each cycle due to cellulose fibres that are too short.

Benefits of recycled paper

The use of recycled paper plays a major role in preserving the natural resource constituted by cellulose fibres, extending its service life for several cycles. Also, the following positive effects are generated by conducting a good recycling through a proper separation of the collected materials.

1. The use of cardboard and paper waste closes a cycle where new products are produced. You may be surprised to know that 69% of the supplies required by the paper and cardboard industries could be satisfied if all the paper and cardboard waste that is generated was recycled. These materials replace virgin paper paste, thus preventing felling and deforestation.

For every 1000 kilograms of recycled paper, 12 to 14 trees are saved, which equates to 4 cubic metres of wood. We calculate that one tree is saved for each person that recycles or reuses the paper they use in a year.

2. The amount of biodegradable materials that are deposited in waste dumps is notably reduced, thus limiting the emissions of Greenhouse Gases or GHG. A ton of recycled paper saves 2.3 tons of CO2, which would otherwise be emitted to the atmosphere. CO2 is a greenhouse gas and one of the main contributors to climate change.

3. The amount of space required for this purpose is also reduced, thus limiting the degradation of the land. A ton of recycled cardboard and paper reduces the waste reaching the dumps by 3.5 cubic metres.

4. The processes that use recycled paper instead of virgin paper consume 80% less water, which, as you may suppose, results in a substantial savings. One ton of recycled paper saves 26 cubic metres of water. On the other hand, the use of chemical products required in these industrial processes is also reduced.

5. A 70% energy savings is generated when recycled paper and cardboard are used. Recycling 1000 kilograms of paper and cardboard saves 4,000 kilowatts of power per hour. This is due to the cost of the industrial treatment of virgin wood, which is much higher.

6. The atmospheric pollution resulting from gas emissions has been reduced by 74% and water pollution is reduced by 35%. This is the best example of how recycling helps the environment.

7. The development of paper and cardboard waste collection and treatment sectors has a positive impact on the economies by creating new jobs.

8. Conifer or eucalyptus trees that are planted to supply the paper production industry replace the forests comprised of other species of trees, which harms biodiversity.

9. The separate collection of waste at home and at the workplace generate awareness in people regarding preserving the environment and in using renewable resources.

Deforestation

Recycling paper and cardboard prevents deforestation in areas where trees used by the paper production industry grow. For several reasons, deforestation is occurring more frequently in many areas of the planet. One of these reasons is the clearing of forests to produce paper.

Deforestation contributes to accelerating climate change since it decreases the absorption of CO2 by part of the trees. As you well know, another negative effect of deforestation is that it destroys the habitat of the fauna and flora, thus affecting and diminishing the biodiversity of the region.

On the other hand, deforestation leads to a loss of topsoil, since the leaves that fall from the trees degrade by the effect of micro-organisms, which fertilises the ground. Also, the loss of trees alters the rain cycle, decreasing the amount of precipitation. A loss of fertility of the soil and less rain leads to a desertification process, a consequence of which fertile lands become barren and hard to recover.

With this explanation we understand how the use of leaflets made with recycled paper has a positive impact on our planet. You must know that nearly 20% of the waste generated by cities is cardboard and similar type wrapping materials as well as paper used for printing documents, magazines and newspapers. Of this waste, 70% is recoverable.

Different decrees, laws and provisions in Spain as well as the European Union are aimed at setting goals for reducing waste that is recyclable and which unfortunately end up in waste dumps.

At Prestige Properties we are committed to protecting the environment and have implemented the newest and safest processes to preserve it.

A Prestige Buyer’s Journey: Meet Jeroen

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

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

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

What made you want to buy a property in Ibiza?

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

What kind of property were you looking for and why?

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

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

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

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

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

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

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

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

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

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

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

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

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

Everything you need to know about getting a mortgage in Ibiza

How easy is it to get a Spanish mortgage to buy a property in Ibiza?

Ibiza’s real estate differs slightly compared to the rest of the Spanish property market. Partly due to the island’s level of exclusivity, but also additional factors may apply, such as the particularities of inscription within the property registry or legalities tied up within the property – which is key information when asking a bank for finance. Sometimes such legalities may make it more difficult to gain a mortgage compared to other parts of Spain. However, with the help of a good adviser or an experienced broker, such matters can be solved, and it is not an impediment to getting finance.

Spanish banks are open to lending to non-resident clients, but they would need to make proof of solvency together with the compliance aspects.

Credit policies will of course vary slightly from one bank to another, and they will inevitably make changes to their credit policies over time.

It is often necessary to get help from an external professional broker, separate from the bank to help overcome these types of issues/obstacles and to better understand which mortgage application suits which bank at what time.

Nowadays it is indispensable not to limit your search for financing to Spanish banks, since some applications can only be financed through international banks for the reasons mentioned above. Access to this kind of funding is only possible through a broker.

Can I get a mortgage in Ibiza?

The short answer is: Yes, you can. Like anywhere else, you will have to fulfil certain criteria regarding income and fluidity, and the legalities of the property you wish to take the mortgage out over also play an important part. However, there are generally few obstacles to asking for a mortgage in Ibiza. Below are some more details in different scenarios:

Can a non-resident get a mortgage in Ibiza?

It is more than possible for a non-resident to get a mortgage in Ibiza. However, generally speaking, the mortgage process is a lot more complex than it used to be since the new Spanish mortgage laws were put in place in June 2019.

If I’m self-employed can I get a mortgage in Ibiza?

Spanish banks will always consider self-employed clients. However, proof of income (solvency) is fundamental to the risk assessment and approval. A non-resident client would need to be prepared to send proof of their financial history and employment information. These can be submitted through company balance sheets and an explanatory letter from their tax advisor or chartered accountant for the bank to understand an individual’s income situation and yearly net income over the last 3 years.

Is it possible to get a non-status mortgage in Ibiza?

No, non-status mortgages do not exist in Spain. Spanish banks must prove the income of every mortgage applicant to assure the repayment of the mortgage is guaranteed. Due to the new Spanish mortgage law, everyone must adhere to these strict calculation rules. The guarantee (in this case the property) is additionally necessary, but not the only decisive factor. As you can´t get a non-status mortgage in Spain, an inquiry with international banks would be advisable.

Is it possible to get an Equity Release with Spanish banks?

No, in Spain, equity release is not accepted for taking liquidity from the property. This is usually possible when applying at an international bank and a heavily used funding opportunity by corporate customers who want to use this liquidity for other purposes. However, a mortgage over an existing property, free of charge (not for purchase reasons) is possible to get from Spanish banks for some specific purposes such as renovation or purchase of further land or another property, etc.

Will my age affect my getting a mortgage in Ibiza?

Spanish banks generally lend up to 25 (exceptionally 30) years with final payments finishing by age 70. For older clients (over 60 years) options and solutions can be discussed with your bank or mortgage broker.

Will staff at banks speak my language when applying for a mortgage in Ibiza?

Generally, the staff at banks in Ibiza do speak various languages, however, the level of fluency might vary and this might be one of the reasons you feel more comfortable dealing with a mortgage broker who speaks your language fluently and who can represent you and negotiate on your behalf.

Can foreigners get a mortgage in Ibiza?

Yes, they can get a mortgage from either a Spanish bank or from an international bank.

How much deposit do I need for a mortgage in Ibiza?

Most Spanish banks offer 60% LTV (Loan to Value) to non-resident buyers, meaning the client would need a 40% deposit + about 10% expenses. Some non-resident clients could also be offered up to 70% depending on the bank. (This would be one of the most important factors to take into consideration when applying for finance with a bank.) Private banking clients have access to mortgages from international banks up to 100% LTV while making investments. This specific financing can be very interesting from a tax point of view and can only be arranged through an official broker.

What is the maximum amount I can borrow to buy a property in Ibiza?

There is no maximum amount, it’s within the limits of the LTV and the income limitation.

How do I apply for a mortgage in Ibiza?

The easiest way is by contacting the lending bank(s) and/or mortgage broker for advice and help with the mortgage application (with up to 1-3 banks).

Which documents do I need to apply for a mortgage?

It depends on your purchase proposal (existing property, property under construction, etc.) and on your personal income situation.

Some basics would include a NIE (Número de Identificación Extranjero), passport, proof of income, credit report from the corresponding Credit Bureau, bank statements, proof of own funds, etc. Banks and brokers will provide you, from the first contact, with a full list of documents according to your situation.

Things I need to consider before applying for a mortgage in Ibiza:

How much can I borrow for a mortgage in Ibiza based on my income?

Spanish banks consider your yearly net income as the basis of their calculation; especially if you are self-employed.

Any credit and loan commitments should only account for 30-35% of your yearly net income. This percentage will also consider the percentage of any monthly credit commitments you have outstanding in your home country and will influence your credit facility in Spain.

How long does it take to get a Spanish mortgage to buy a property in Ibiza?

Since the application of the new mortgage law in Spain (June 2019), Spanish banks can be quite slow. Here, the work of a mortgage broker is to assist in making these processes faster, easier, and a lot smoother.

Principally, it depends on how extensive the work is for the bank to complete checks and calculate their client’s income. The more proactive clients are submitting and completing their documents the quicker the process becomes.
Once all documents have been submitted to the bank and, if necessary, any further requested documentation has been received, the fastest scenario is approximately 5-6 weeks.

The process deadline can certainly be extended considerably if there are discrepancies with the valuation report or if the financing must be carried out by an international bank. It is advisable to ask the property seller for a reasonable period in order to get the mortgage arranged without pressure.

In which currency can I repay my mortgage in Ibiza?

Since the new mortgage law, some banks offer mortgages in the client’s national currency and euros or one or the other. Certain banks have strict policies about currency options depending on your nationality and the currency in which you receive your income. It is advisable to ask for advice depending on your personal circumstances.

What is the cost of getting a Spanish mortgage?

The costs of getting a Spanish mortgage include things like insurance, opening fees, property valuation report, and potentially a broker’s fee. Read on for more details on each of these subjects.

What insurance do I need when I start a mortgage in Ibiza?

The banks require at least home insurance to ensure the mortgage guarantee (the property). Most banks also require life insurance in order to offer the client a better interest rate. Please ask for comparisons of different bank offers.

What other optional insurances are there?

You can opt for life insurance as an alternative option. Some banks offer health insurance or even alarm systems for your holiday home in order to be able to offer you combined sales products, better interest rates, and conditions.

Are there any extra costs of applying for a mortgage?

It is always required to have a property valuation report of the property you wish to purchase, as it contains a legal report of the property. Usually, this must be paid by the client.

One bank, in particular, will actually offer to pay the valuation report on the condition the client signs the mortgage loan with them, however; it is advised that clients should always compare a few different mortgages on offer.

Most banks charge an opening fee of about 1% over the mortgage amount. Some partner banks offer mortgages free of an opening fee, but clients should compare the overall cost consisting of the total interest rate, total term, LTV offered, and benefits of the combined sales products.

A mortgage broker will also charge a commission. (Balearic Mortgage Services is one of the fairest providers with a 0,5% commission since most other providers charge the customer 1% after completing the mortgage).

How do I get a mortgage from my home country to buy a property in Ibiza?

You can apply in your home country for a mortgage, but there are a lot of advantages of mortgaging in Spain, where your property is located. It could mean tax advantages, more liquidity, and have little effect on your credit facilities in your home country.

In very special cases and depending on your nationality, we could possibly utilize a mortgage from a client’s home country and take the Spanish property as a guarantee. It is a matter of individual case study.

Can I get a UK mortgage for Spanish property?

Generally, this is not advisable and, in most cases, not possible. In exceptional circumstances, gaining a UK mortgage is an option, but in very rare cases. Usually, a client would need to use a guarantee over their UK assets.

Can I get a Spanish mortgage with bad credit?

It depends on the type of "bad credit" (incidence). In most cases, this would not be an obstacle. Each case is individual and would need to be assessed. Such issues need to be clarified in the early stages or during the initial contact with your bank or mortgage broker.

Why should I get a Spanish mortgage even if I can get one back home?

It could have tax advantages, mean more liquidity, possibly better interest rates or conditions, and at the same time it doesn’t affect your credit facilities in your home country.

What types of Spanish mortgages are there?

Fixed-rate, variable rate, mixed rate, individual or joint mortgage, construction mortgage, holiday home mortgage, primary residence mortgage, investment mortgage, commercial mortgage, and many more. Read on for more detail about some of them.

Can I get a fixed-rate mortgage?

Since the implementation of the new mortgage law, a fixed interest rate is no longer available to all non-resident clients. It does however depend on the nationality, place of residence, currency of the income etc. The bank or a mortgage advisor can advise clients on all these questions.

What is a "Euribor- tied" mortgage?

This means a type of mortgage in which the interest rate is not fixed. Instead, interest payments will be adjusted yearly at a level above a specific reference rate (such as EURIBOR + 1,25) over the whole life of the mortgage.

Can I get a joint mortgage in Ibiza?

Yes, absolutely, and there are a lot of different mortgages available such as fixed rate, variable rate, mixed rate, individual or joint mortgage, construction mortgage, holiday home mortgage, primary residence mortgage, investment mortgage, commercial mortgage, etc.

Where can I find a mortgage calculator for Ibiza?

To help simulate and calculate a mortgage you can find a mortgage calculator at the bottom of this homepage: https://balearic.mortgage

What are the Spanish mortgage rates for 2023?

The mortgage rates a bank offers to a specific client depend on the financial potential of the customer and solvency. The higher the potential of a client, the better the rate.

The best rate I have signed recently was with a very specific, non-resident client with a variable EUR + 1,1%; with other clients, I have signed EUR + 1,25% which is still a very good interest rate and in fixed interest rates, depending on the local term, there are still available in some special banks at 2,75% (Status of information: May 2023). In today’s interest rate market, this information can change very quickly.

The fixed-rate offer depends on the total term, the longer the term, the higher the interest rate. Only with the help of a mortgage broker can the banks offer their best interest rates, as we often have a special agreement with our partner banks.

Should I use a mortgage broker when applying for a mortgage in Ibiza?

There are many benefits to using a mortgage broker when applying for a mortgage in Ibiza, some of which are detailed below. Also, the whole process of finance is supervised by a professional who can help with other items such as the valuation, etc. However, it is by no means necessary. Those who have time and patience can apply for a mortgage by going straight to a local bank of their choosing.

Will I save money with a mortgage broker?

The commission of 0,5% is worth having a mortgage broker as you can save a lot of money by getting the best available mortgage on offer for you at the moment of your application.

A broker will take your specific situation and requirements into account and will choose the bank best suited for your application. A better interest rate may save thousands of euros over the total term of the mortgage.

Is using a mortgage broker faster?

Definitely! A mortgage broker will help you to get the mortgage approval as quickly as possible. From the first contact, a mortgage broker will list all the (initial) required documents and follow up with the bank regularly to monitor the process. This is incredibly important as Spanish banks are often overloaded with work and normally do not actively return to clients with updates and outcomes of the application. Clients are often used to banks being more interactive in their home country, but the experience can be very different in Spain.

What other benefits are there when using a mortgage broker in Ibiza?

A broker will help you understand all the documents that need to be submitted and will explain the different processes and legalities of the mortgage in your own language.

Mortgage brokers will also assist with the formal procedure with the bank, notary, lawyers, and real estate agents where necessary, e.g. for the property valuation report.

All conditions and terms will be negotiated on a client’s behalf with a professional mortgage broker. They will save you from any unwanted surprises along the way and help you over the entire mortgage process and even accompany you to the notary appointment.

A broker’s relationship with different banks guarantees very special terms and treatments that might not be possible if you approached the bank as someone "unknown" to them.

What effect does the new mortgage law have on the course of a mortgage?

The primary reason behind the new legislation based on the Mortgage Credit – Directive 2014/17/EU is increased consumer protection. This is to be achieved through a greater level of information for the future borrower by providing FEIN and FIAE. These standardized documents are designed to give the best possible overview of the terms and conditions.

The new law makes the bank pay all the mortgage-related costs except the property valuation report. It makes the early repayment cheaper and limits the selling of the attached products ("vinculaciones"). But the entry into force of the new law not only brought benefits for the customer this year.

The notary of Formentera Javier González Granado explained in the "Diario de Ibiza" recently:

The new legislation introduced "a system of telematic processing whose adaptation cost quite a few entities." In addition, it establishes a processing of the mortgage loan "more complex than before, although it gives more security to the consumer." Before, the law established as a voluntary the previous visit of the consumer to the notary before the signing of the mortgage: «Now it is mandatory. And also very strict deadlines are marked that cannot be skipped in any way. That, without a doubt, has meant a paralysis of the procedures until it has entered into force, from spring to early summer, times when they were absolutely stagnant".

To read the full article go here "Cae un 39% el importe de las hipotecas constituidas en las Pitiusas este año"

Thank you to Bettina Lorenz, CEO & Founder of BMS (Balearic Mortgage Services), for taking the time to speak with us. For more information on how to successfully apply for a mortgage in Ibiza, visit Bettina’s website.

Check out the 18 Great Reasons to buy with Prestige Properties

A Prestige Buyer’s Journey: Meet Melissa

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

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

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

What made you want to buy a property in Ibiza?

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

What kind of property were you looking for and why?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Find out more about the APIBIZA click here.

Campos de Ibiza Your Free Gift Pack

When you rent with Prestige Properties: We want you to feel at home! And use products that are natural, sustainable and environmental friendly. Therefore, as part of our wide range of rental services you will receive the gift of a broad range of body and hair amenities, free of parabens and not tested on animals, from Ibiza’s Campos de Ibiza.

From Prestige Properties we are in tune with the policies implemented by this family company and therefore we are happy to provide you with authentic natural products originating from our fruitful island.

The welcome kit created for our clients includes a shampoo and conditioner with a fresh Mandarin aroma for hair care. The kit also includes a gel and moisturising body milk with an Almond Flower aroma. The collection is completed with several display trays and a 30 gr. almond bar of soap.

Are you familiar with Campos de Ibiza? This post will bring you a little bit closer to its history.

Campos de Ibiza is a family owned company located in Ibiza and with more than 40 years of history producing perfumes using the best natural essences and products from the island.

The creation of this popular brand has a history that is based on freedom and love for Ibiza… It all began when a young soldier named Maurice Stora was fighting for the freedom of his country when the Nazis invaded France during World War II. During this fight, he attempted to travel to London by boat to join the troops lead by General De Gaulle.

On his way to England the young soldier was captured and jailed in Spain. Once in prison, Maurice became close friends with his translator Baroness Ilaria of Romania. One day, this exquisite lady made him a promise: "If we survive, I will take you and your family to discover paradise".

True to her word, when the war ended, the Baroness brought the young Frenchman to Ibiza in the 50s with help from her cousin, painter Mariano Tur Montis.

Thus began a friendship that would last forever. Maurice quickly fell in love with Ibiza and returned frequently throughout his lifetime, always accompanied by his family.

His daughter Camila came to Ibiza for the first time when she was two years old. Her love for Ibiza began with this first visit to the island, resulting in the creation of her brand of perfumes at the end of the 70s. She created aromas using fruits and flowers from the garden of her home; a paradise suspended over the cliffs of Es Cubells.

Nowadays her daughter Aurélie Kahn runs the company and has provided it with a wider and international projection, including her own creations and placing Campos de Ibiza as a benchmark in Spanish author perfumes.

With the same love for the Island instilled by her mother and her passion for high-end perfumes has enabled the brand to overcome barriers. Her products are produced 100% in Spain using formulas supported by years of experience in the natural cosmetics field, dermatologically tested and free of parabens.

All of this without forgetting that the containers are recyclable and are manufactured in a manner that is sustainable, generating minimal waste.

We hope you enjoy this little welcome gift!

Your Prestige Rental Team

Gay tourism in Ibiza: a growing trend of colour and freedom

The rise of gay tourism in Ibiza is thanks to the tolerant environment on the island. The members of the hippie culture who made their home there in the 60s began the "live and let live" attitude. Later, in the 80s, the LGBT community was incorporated into the cultural environment of the island.

Photo by El Confidencial

LGBT attractions in Ibiza

The growing supply of tourist attractions covers all kinds of services oriented to the gay community. Therefore, the scene establishments are not confined to certain areas, as in many cities: the whole island is gay friendly.

Beaches

Some very beautiful sandy areas are gay tourism favourites. Es Cavallet, a nudist beach, is also known throughout the Mediterranean for its gay scene, with signs of tolerance that can be seen even in establishments such it’s famous Chiringay.

Photo by Chiringay.com

The part of Ses Salines known as Sa Trinxa has the most transparent water and is also a gay-friendly and nudist area.

Bars

Another great LGBT attraction is the bars, which are usually painted with the colours of the gay pride flag. They are located mainly in Calle Alfonso and Calle de la Virgen, in Ibiza city. Unbridled hedonism is the norm in these areas of extreme freedom and tolerance. Mad Bar, Dado, Bar 22 and Mona Lisa are some of them.

Clubs

In these places there are legendary meetings of beautiful people, full of creativity and debauchery with impressive shows. Great artists, dancers, Drag Queens and lots of skin are some of the attractions of the theme parties held in these places.

The only gay club on the island is Lola’s. There are also polysexual clubs like the famous ones Anfora, Babylon, Amnesia and Privilege. The latter has hosted SuperMartXé, an incredible show with dazzling special effects, choreography and crazy fashion shows.

Photo by Spotlight

Hotels

The Purple is an exclusively gay hotel which has a fantastic bar with the same name. It is located in San Antonio and focused exclusively on this segment of the market. With its bold but elegant colouring, and designed to offer a sensation of space, it also has an excellent restaurant service with a select sample of Ibizan cuisine.

There are many other gay-friendly establishments like Cenit, Boutique Hostal Salinas and Marigna.

Ibiza Gay Pride

This "full colour" event takes place in different spaces where theatrical performances, cultural events, conferences, book presentations and musical performances are held, involving well-known personalities. In 2019 it will take place between 12 and 15 June. On the closing night of the event there are theme parties in the most famous gay clubs.

Photo by Welcometoibiza.es

The development of gay tourism in Ibiza makes this island a successful place to offer the growing gay market an alternative accommodation option. Contact us for more information.

Ibiza, June 2019

Rural tourism and agrotourism in Ibiza

Agrotourism in Ibiza is an example of how touristic activities continuously introduce innovations to extend traditional ‘sun and beach’ tourism.

Agrotourism and rural tourism in Ibiza

Agrotourism refers to leisure and recreation activities that take place in ecological production centres dedicated to agricultural and livestock pursuits. This service is managed by the local workers themselves.

Rural tourism develops in small and isolated communities. The accommodation usually consists of old houses adapted to receive visitors, and they are attended to by families.

Both activities are framed within the principles of sustainable tourism of the World Tourism Organization. They include respect for nature, support for communities, sustainable use of resources and the use of biodegradable products.

Rural tourism areas in Ibiza

With the help of real estate in Ibiza, you can find accommodation for rural tourism there. Near the heights of Els Amunts and Pla de Corona, the almond trees bloom during the spring, which is a spectacle that’s worthy of being photographed.

Photo by Prestige Properties

In the most secluded area of the island, the northeast, lie Sant Joan de Labritja and Santa Eulària des Riu. It is also an ideal region for hiking or cycling.

Sant Rafel de Sa Creu is full of artisan ceramic workshops that produce unique pieces inspired by ancient Carthage.

San Juan, to the north, is the municipality that has benefited most from rural tourism. On Sundays, the people there bring the usually tranquil place to life with their artisan market.

The Mercada de Forada, open during Saturdays on Sant Rafel-Santa Agnes road, sells locally sourced agricultural products. You will find nuts, preserves, honey, oil, wine and even perfumes and natural cosmetics.

Countryside activities in Ibiza

In Ibiza you can find farms, plantations and vegetable gardens that all follow the agrotourism trend. Some of them grow fruits like watermelons, melons and peaches. The vegetable gardens produce tomatoes, courgettes, aubergines, cucumbers, lettuce and peppers.

Some of the most famous agrotourism establishments are Talaia, Can Curreu, Atzaró, Can Arabí and Can Jaume.

The animal breeding activities are based on animals recognised as indigenous, such as the Ibizan hen, the sheep and the goat. The porc negre, a breed of pig, and the Ibizan rabbit are in the process of being approved.

Photo by Can Curreu

Ibiza’s natural side

Far from the beaches, coves and the bustle of nightlife, there is another Ibiza: that of the small towns in the island’s interior. Country houses, in addition to their unique architectural features, are dotted around the fields and are sometimes grouped into small communities. This quiet and rustic region maintains its ancestral way of life.

Agrotourism in Ibiza is an alternative that gives you new experiences, very different from the ones you already know. Get going and try them!

Photo by Prestige Properties

Ibiza, May 2019

Celebrity villas in Ibiza

Celebrities in Ibiza are already legends. Millionaires, actors, footballers and aristocrats have chosen Ibiza as the ideal place. Many come to visit Ibiza frequently, live here permanently or spend a season here every year to relax as couples or families.

The great offers and high quality of the real estate market in Ibiza allows luxury homes to be obtained at (comparatively) affordable prices.

Celebrity villas in Ibiza

The luxury celebrity homes, with their comfort, their many rooms, their swimming pools and large gardens are wonderful. In them the artists, millionaires and footballers seek privacy and all the comforts imaginable.

Each celebrity looks for different styles according to his or her tastes. Antonio Banderas and Juio Iglesias prefer more complex architecture. Guti or Fernando Hierro prefer mansions designed with cutting-edge trends in mind. Kate Moss and Jade Jagger, on the other hand, prefer the traditional Finca style home in the bohemian North of the island.

Other football players who have made the island their sanctuary are Zidane, Gerard Piqué, Carles Puyol, David Villa and Pepe Reina.

Other celebrities with properties in Ibiza include Pepe Martínez, Eugenia Martínez de Irujo, the Goyanes-Lapique family and Blanca and Borja Thyssen. Vladimir Doronin, the Russian millionaire ex-husband of Naomi Campbell has a mansion in San Jose.

Areas with more Ibiza mansions

Many of those seeking luxury homes in Ibiza are interested in constructions with local and traditional architectural features that are unique to the island. These houses are rare and distinctive, and they are often located in the countryside.

These homes are mostly in the north of Ibiza, such as Santa Eulalia and San Miguel, where there are a large number of mansions, as well as San Juan.

The south and southeast areas of the island also offer luxury homes. There are two main styles of Ibiza mansions in the north of the island: avant-garde villas or traditional buildings.

Where to buy a house in Ibiza and at what price

The purchase of houses on the island is booming and that has determined some of the prices as we’ll explain below.

A detached house facing the sea in Santa Eulalia can have a value of up to 12,000 euros per square meter. On the seafront, the price of a two-bedroom apartment fluctuates around 7,000 euros p/m2.

There are luxury homes for 10 million euros or more, but the vast majority of them are around 2 or 3 million.

The redevelopment of the old town has given a new rising value to luxury villas and the proximity of VIP beach clubs has raised the average cost of a luxury home around Ibiza Town to more than 3.5 million euros.

Celebrities in Ibiza add another touch of glamour to island life, enjoying their Ibiza villas with style. However, Ibiza is not just for the rich and famous; anyone with a dream can come here and try their luck. We would be more than happy to help you in fulfilling your dream of a new home in Ibiza.

Ibiza, April 2019

Take a look at some of the most spectacular holiday villas to rent in Ibiza

Renting a luxury villa in Ibiza is synonymous with success. More and more people are choosing the island as an ideal setting to relax and disconnect from their daily routines. With a wide variety of luxury homes to rent, Ibiza is guaranteed to satisfy those who want to enjoy the island’s leisure and luxury.

The top 5 luxury villas to rent in Ibiza

Whether you want to enjoy the nightlife or prefer peace and quiet, the island offers an unlimited variety of options. All over the world Magazines specialising in real estate and decoration regularly put together lists of the best luxury homes to rent in Ibiza. In this post we’ll highlight just a few of the most luxurious villas from the range of our portfolio properties.

1. Villa Jumali. From 23.400 euros per week you can enjoy this stunning modern 6 en suite bedroom villa located near Vista Alegre and Es Cubells. Here you will enjoy spectacular views of the sea, Formentera island and Porroig. You will find several terraces and 2 Swimming pools: 1 of 15×5 m with a ‘beach area’ for children and another one of 3x 4.5m.

2. Can Oasi. This is a truly stunning luxury holiday rental villa with views towards Cala Jondal. With 6 en suite double bedrooms (4 in the main house and 2 more in the guest house) this villa is equipped with an amphitheater cinema set around a private lake, an oasis spa set within tropical gardens and a heated 24 metre pool. Price per week on request.

3. Can Vistas. Can Vistas is a luxury holiday villa rental in a prime location in Ibiza. With 6 double bedrooms, this Gaudi inspired villa is surrounded by 3 hectares of lush Mediterranean gardens where fruit trees and colourful bougainvilleas grow. Each of the outdoor areas of the house are ideal for different moments and times of the day. The magnificent infinity pool merges with the sea in the distance and with the panoramic views of Las Salinas and Formentera island. Price per week on request.

4. Villa Noemi. This modern villa is located in Roca Llisa, near Ibiza’s only golf course, facing the sea. From almost every room this luxury rental villa enjoys views of the sea and Formentera. It comprises 6 double bedrooms, 6 bathrooms and shower rooms, a 19 metre swimming pool and a private gym with Spa. From 15.000€ per week you can book this stunning Ibiza villa.

5. Casa Sun. This spectacular 6 bedroom minimalist style villa with seaviews is located about 5 minutes from the popular beaches of Cala Yundal and Es Xarcu. The exterior spaces are ideal for long summer days and nights, where you can enjoy a large 25 x 5 metre swimming pool surrounded by various terraces and an outdoor dining area for 12 people. This villa is yours from 23.400€ per week.

If what you’re after is renting a luxury villa in Ibiza, get in touch with us. At Prestige Properties Ibiza we know the island and it’s real estate landscape perfectly, and we can give you all the advice you need to make sure you find the house of your dreams next summer.

Ibiza, February 2019

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LGBT attractions in Ibiza

Beaches

Bars

Clubs

Hotels

Ibiza Gay Pride

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Agrotourism and rural tourism in Ibiza

Rural tourism areas in Ibiza

Photo by Prestige Properties

Countryside activities in Ibiza

Photo by Can Curreu

Ibiza’s natural side

Photo by Prestige Properties

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Celebrity villas in Ibiza

Areas with more Ibiza mansions

Where to buy a house in Ibiza and at what price

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