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

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

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

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

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

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

Victor, Partner & Sales Director of Prestige Properties Ibiza

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

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

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

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

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

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

Cala Saladeta Summer 2020

What is new in Ibiza this year?

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

Hotel W – Santa Eulalia

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

Alma Beach Bar and Restaurant – Port des Torrent

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

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

Alma Beach Ibiza 2020

Bam-Bu-Ku – San Antonio

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

Bam-Bu-Ku-Ibiza 2020

Es Birra – Es Cana

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

ES Birra Es Cana Ibiza 2020

WOW – San Rafel

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

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

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

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

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

Formentera beach summer 2020

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

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

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

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

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

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

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

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

Formentera paradise - pic taken from formentera.es

Winter in Ibiza

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

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

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

What is the meaning of "Veroño"?

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

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

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

sunset in Ibiza

What is exciting about the winter time in Ibiza?

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

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

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

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

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

Current Ibiza Property Market

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

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

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

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

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

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

Cana Xica villa Ibiza

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

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

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

Future Outlook 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Are you considering to buy a property in Ibiza?

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

    The Use of Face Masks in Ibiza | Summer 2020

    Face masks are now compulsory in Ibiza. Here’s all you need to know…

    If you are visiting or considering to visit Ibiza in the coming months, we would like all of our clients to be fully informed of the current regulations set, yet feel reassured that Ibiza tourism and lifestyle is continuing on a positive path and is open for your enjoyment.

    The Balearic Islands have recently made an extra adjustment to their current measurements in relation to the health and safety standards of all citizens and tourists who are visiting this season 2020.

    On Monday 13th July, a minor addition was made, similar to other European countries, whereby facial protective face masks must be worn in all open spaces within urban areas, instead of only in closed public spaces.

    However, exceptions apply, which makes outdoors living and usual social events such relaxing on beaches, swimming, sporting activities, eateries, walking and exploring the countryside can continue as normal, mask free!

    Face Mask in Ibiza – Legislation to keep in mind:

    1) When the use of face masks is mandatory:

    • The use of face masks is mandatory for those over the age of 6 years old only when in urban populated areas.
    • The uses of protective face masks include walking in the street, queuing outside stores, inside shops and supermarkets, in closed spaces for public use (e.g. airports), as well as more populated outdoor areas, such as parks.
    • It will also be necessary during weddings, ceremonies, and larger events, where social distancing of 2m is difficult to maintain, except at the time of consumption of food and drink.

    2) When the use of the face mask is not mandatory:

    • The use of face masks may be excused during sporting activities, when eating or drinking with friends and family at restaurants, or for justified health reasons (medical certificates may be required).
    • Children under the 16 years of age whilst engaging in leisure activities with groups of stable residents are also exempt.
    • Restrictions do not apply on beaches, in swimming pools, on sea voyages, at work centers* and in the open air outside of the populated village and towns.

    *In the workplace, the obligation to wear a mask will depend on the type of premises where the activity takes place. Staff working in public areas such as restaurants and bars are always required to use protective facial masks for the protection of others and does not mean staff pose any risk to customers.

    • In a private households and cars (except taxis and public transport) it is not compulsory to wear the mask unless you are travelling with others in which occupants do not inhabit together.

    If you are planning your holiday in Ibiza, these measurements are designed to ensure you have a healthy and safe holiday! Ibiza has been open for tourism for the past month, is free of overcrowding and is incredibly enjoyable at a relaxed pace with plenty of peace and tranquility.

    Please remember these standards are set to ensure your safety is guaranteed and we work together to ensure travel can continue and be enjoyed despite the current changes to our normality.

    We wish you all a very happy season in Ibiza and we are sure you will have a pleasant experience this summer.

    In short…. I am currently in Ibiza, where do I have to wear a face mask?

    YES

    • Street
    • Shops
    • Closed spaces for public use
    • Spaces of attention to the public
    • Open air in population centers

    NO

    • Beaches and pools
    • Sea Walks
    • Practice of sport
    • Workplaces
    • Consumption situations (eating-drinking)
    • Use of wind instruments
    • Justified health reasons
    • Open air outside the town
    • Children under 16 years of age in leisure activities with a stable group
    • as long as you keep your distance

    Face masks must be worn correctly, always covering your nose and mouth. Please note, failure to comply is likely to result in a fine of 100 euros at any given time.

    Are you planning a holiday in Ibiza? Here are a few options for your stay:

    Can Flores, lovely dream vacation house with sea and sunset views in Cala Salada

    Stunning Villa with some of the best views in Ibiza

    Villa Everland, stunning holiday villa with some of the best views located on a hill, in the Sant Josep de Talaia area. 

    Beautiful holiday villa in Es Cubells, above the sea

    Villa Perla, beautiful holiday house located in Es Cubells, above the sea.

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

      Land for sale in Ibiza: Realise your mediterranean dream!

      Shape Your Vision Beneath the Balearic Sun

      Have you ever dreamt of finding land for sale in Ibiza and building your own hideaway amidst the rustic beauty of the island’s countryside?

      Picture your future home nestled among ancient olive groves, almond blossoms, and the vibrant orange trees that dot the landscape. Wake up to the scent of wild herbs in the breeze, take strolls to nearby whitewashed villages, and enjoy the charm of bustling local markets just minutes away.

      Your own piece of Ibiza awaits: tranquil, sun-drenched, and ready to become the home you’ve always imagined.


      Terreno Martina

      Nestled just moments from the sea in the peaceful area of Cala Martina, this expansive 3,359 m² plot offers a rare opportunity to develop three bespoke luxury villas. With direct access from the main road and an ideal orientation for all-day sunlight, the land is perfectly suited for the creation of modern homes with private pools, gardens, and sun-drenched terraces. The tranquil surroundings, combined with easy access to Santa Eulalia’s services and coastal charm, make Terreno Martina an exceptional choice for investors or families seeking to build a high-end residential retreat by the Mediterranean.

      Land for sale Ibiza Terreno Martina

      Terreno con Licencia Sansara

      Set in the serene countryside just five minutes from Santa Eulalia, this remarkable 17,557 m² plot comes with an approved building licence for a luxury villa with annex and pool. The project includes a 242 m² modern home with clean architectural lines, sun-soaked terraces, a rooftop chill-out area, and a separate guest annex—all surrounded by red earth, fruit trees, and woodland. Designed for outdoor living, the property features a 35 m² pool and ample shaded areas for relaxation. With views of rolling hills, south-facing sun exposure, and easy access to the island’s best beaches and villages, this plot offers the rare privilege of immediate development in one of Ibiza’s most peaceful rural enclaves.

      Land for sale Ibiza : Terreno con Licencia Sansara

      Terreno con Licencia Roca Llisa

      Perched in the exclusive gated enclave of Roca Llisa, this premium 1,511 m² plot comes with a granted licence to build a striking 5-bedroom villa with panoramic sea views. The contemporary project includes over 800 m² of living space across three levels, complete with a grand 75 m² infinity pool, open-plan interiors, a private garage for four vehicles, and a 650 m² landscaped garden. Designed to maximise the south-facing views across the Mediterranean, every bedroom enjoys a sea-facing outlook, with the master suite opening to a private terrace. Just minutes from the golf course and a short drive to both Ibiza Town and Santa Eulalia, this is a rare opportunity to create a dream coastal residence in one of Ibiza’s most secure and sought-after communities.

      Land for sale Ibiza: Parcela con licencia Roca Llisa

      Proyecto San Mateo

      Tucked away in the tranquil countryside of Ibiza’s northwest, just a short stroll from the charming village of San Mateo, this expansive 63,000 m² plot offers an exciting opportunity to build a rustic Mediterranean-style villa with pool. The approved project envisions a 493 m² home—including a spacious basement—designed around modern comfort and outdoor living. Each of the three en-suite bedrooms opens onto private terraces, while the exterior invites relaxation with al fresco dining areas and a pool shaded by mature trees. Whether you dream of growing your own garden, designing a private gym, or simply enjoying the peace of rural Ibiza, Proyecto San Mateo is a canvas for those who want to shape a true island retreat from the ground up.

      Land for sale Ibiza Proyecto San Mateo

      Terreno Simó

      Ideally located between Cap Martinet and Can Pep Simó—two of Ibiza’s most desirable residential areas—this 835 m² flat plot offers the perfect foundation for a tailor-made villa project. Just five minutes from Talamanca beach and ten from the heart of Ibiza Town, the setting is both exclusive and convenient. With no existing project or licence, buyers have full freedom to design a bespoke home, guided by current urban land regulations. Whether you’re dreaming of a personalised retreat or seeking a strategic investment in a premium location, Terreno Simó presents an exciting blank canvas in a quiet yet prestigious neighbourhood.

      Land for sale Ibiza Terreno Simó


      An exceptional opportunity to design a bespoke residence in one of the most sought-after locations in Ibiza, where natural beauty, privacy, and long-term value come together.

      With a selection of exclusive land for sale in Ibiza, our specialised team is here to guide you every step of the way, from initial vision to final construction.

      Get in touch with Prestige Properties Ibiza today and take the first step toward building your dream home on the island.

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

        Ibiza Property Market Report and Forecast 2020

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

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

        Home sales Ibiza and Formentera 2004 - 2019

        Ibiza Property Market Price Curve

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

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

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

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

        Sales Average Price M2 Ibiza 2005-2019

        Nationalities in the Ibiza Property Market – 2019

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

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

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

        Ibiza Nationality of Visitors 2019

        Prestige Properties Market 2019

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

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

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

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

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

        Typical Properties Per Municipality

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

        Conclusion and forecast

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

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

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

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

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

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

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

          Covid-19 in Ibiza – Interview with Prestige Properties Ibiza

          Interview with Victor, Partner & Sales Director of Prestige Properties Ibiza about Covid-19 and the effect on the Property Market

          What has been the overall impact of Covid-19 in Ibiza?

          Ibiza has seen relatively low figures of Covid-19 in comparison to the rest of Spain and Europe.  The healthcare system on the island has been stable and we are very thankful to all our health care and key workers during this difficult time.   Their impressive work and dedication towards the public is sincerely appreciated and acknowledged by all.  Without their passionate commitment the outcomes of ill-health could have been quite different.

          At the point of publication, a total of 163 positive cases have been recorded in Ibiza and Formentera for Covid-19, with 120 fully recovered and 31 active cases, of which 24 are still in hospital.

          There have been few new cases reported in recent weeks and zero positive cases over the past 5 days.

          Ibiza is a small island.  This fact alone has helped the government implement closures and restrictions at a quick and smooth pace. Since the state of alarm was declared on March 14th travelling by air and sea has been fully restricted to essential activity only.

          Unfortunately, the crisis has had an impact both socially and economically for the residents of Ibiza.  However, the recent plan of deconfinement and the current low risk of infection, hopefully means we will soon be able to ease restrictions and welcome tourists for the summer season 2020. 

          4-steps-deconfinament covid ibiza 2020

          We think it is fair to say, many feel the island and mother nature has received a well deserved rest and we are only reminded to be truly grateful for the paradise we live in.

          Global Property Market

          Has Covid-19 had an impact on Global Real Estate and what changes are we seeing so far?

          Whilst some buyers are adopting a wait and see approach, many others have maintained the same drive to buy with some even increasing in their pursuit during this period.

          Sales numbers on a global scale are down due to social distancing, travel restrictions and closures of businesses, where viewings are not able take place as usual.   However, we have noticed client interactions are consistent and have even increased in Ibiza. Many are aware of the level of competition within the Ibiza property market and want to take full advantage of using every opportunity to buy now or as soon as the restrictions will be lifted.

          One thing is for certain, the new adaptation of virtual viewings are very current.  Aside from professionally produced virtual tours of housing, many agents are adapting and attracting buyers with real-time video tours. In turn, this is leading to on-going interest and even offers and sales still being made.

          Poolside View of Villa in Ibiza

          Ibiza Property Market

          Has Covid-19 had an impact on the Ibiza Real Estate to date?

          It is still too early to fully measure and calculate the impact of Covid-19 in the real estate market in Ibiza.  There is always a delay between the event of any crisis and subsequent economic and industry related statistics emerging.

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

          Buyers are far from changing their mind, they want a place in the sun more now than ever before.

          As with any crisis, there will always be new opportunities that follow.  Sadly, some are foreseeing they may be obligated to put their property on the market in order to recuperate financial losses and face some personal situations.

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

          How is tourism in Ibiza being affected and how do we anticipate it will affect those with tourism licenses throughout the season?

          Spring season has unfortunately been lost.  Small businesses in Ibiza are perhaps at the highest risk of being affected by the pandemic due to the restrictions that have taken place.

          We hope the Summer will receive international clients from July onwards and clients from mainland Spain will be able to travel for tourism from the end of June (22nd if all goes as per deconfinement plan).

          Individual situations for those with tourism licenses will very much depend on the needs of each owner, their mortgages, general income and their dependency on tourism rentals as a main source of income.

          Important Information for Property Sellers in Ibiza

          What is the best advice you could offer sellers during this important time?

          Remain calm and ask your agent for advice.  Depending on each individual situation, we can plan a good strategy to succeed in the sale of your property in Ibiza

          Should sellers keep their property on the market and take a ‘wait and see’ approach? or should clients wait until this pandemic is over?

          Keep your property on the market. We are all working remotely from home with up to date technology. The notable rise in online activity we are currently experiencing means now is the perfect time to catch the attention of clients ready for their future visits.

          Ibiza Prestige Properties office

          What is Prestige incorporating as an agency to ensure the marketing and sales are maximised during these uncertain times?

          We have stayed open throughout. All our agents are active. We have been spending more time than ever preparing our website and the presentation of our properties, as well as setting up our new virtual viewings service.  Potential buyers are still able to get a closer feel for properties on the market and can continue with their buyers journey.

          We have also been closing a few deals over the past weeks, mostly with clients who have been looking with us for some time, where we already really understood what they required.

          Important Information for Property Buyers in Ibiza

          What is the best advice you could offer buyers during this important time?

          Use this time to effectively research the current property market in Ibiza.  We are here to help you with your buyer’s journey.  Take the time to get to know your agent and allow for your agent to better understand your vision and goals in purchasing your dream property.

          There’s plenty to focus on in the meantime before you can visit the island to set up viewings.  Learn about finance, legalities, be fully prepared for the purchase.  When the time is right you will be ahead of all the finer details and can start viewings immediately, ready for the perfect opportunity.

          Should buyers continue to seek a property on the market and take a ‘wait and see’ approach? or should clients be more cautious?

          Now is the time, everyone is available. Learn as much as possible and plan a good selection of properties to see for your next visit.   Be sure that your agent is ready and understands your requirements and contacts you as soon as a new suitable deal comes up.

          Are international buyers able to proceed with purchasing a property during this time?

          Yes, we have been able to work with the help of lawyers and other advisors. Notaries are open, and we can sign everything from a distance with POA.

          Important Information on Mortgages in Ibiza

          Will applying for a mortgage be affected by Covid-19?  Will current mortgage applications be delayed for processing until the pandemic is over?

          Initially banks were required to hold off processing new mortgage applications during the beginning of the state of alarm.  However everything is back running again as normal. Processes might be a little delayed but everything is back on track and operating like before.

          Ever since Ibiza entered the first phase of deconfinement, viewings to properties are available again and experts can continue with valuations as well.

          If your personal financial situation is not affected then you should be able to proceed with your mortgage application.

          Mortgage approvals

          I have a mortgage offer but will it expire if I don’t proceed to buy during this crisis?

          The state of alarm normally postpones contract deadlines.  However, each case should be reviewed and confirmed with your lending bank.  To proceed at a later date should be possible due to the unusual circumstances.

          Will there be any long-term consequences of coronavirus on getting an international mortgage?

          This question is difficult to answer at the present time.  We need to see the overall outcome in a couple of months relating to the financial world. Interest rates might vary. However, everyone is eager and intending to restart the economy as soon as possible.  We will pass this crisis as we have done in the past.

          Banks like many other businesses will need to adjust their working protocols to ensure mortgage applications are effectively being processed during such uncertain times.  We expect to see better and improved technology and more online flexibility in this industry, just as much as we will see in Real Estate, where systems and e-working will become faster and more efficient to apply for mortgages.

          Future Outlook

          Do you think Covid-19 will have an impact on European and Ibiza’s Real Estate in the long-term?

          It is still very early to predict the level of impact in the long-term. There will inevitably be changes and marked impressions on a global scale.  However, until we understand the length of time it will take to return to ‘the new normal’, we are unable to further analyse the future of the property market. 

          It ultimately depends how clients are financially affected and their capacity to spend. This crisis is multifaceted and will affect the economy and individuals in many different ways.

          General expectations foresee a drop between 5 and 10%.  However, this is a variable figure and the impact will vary from one area to another. Recent studies show clients are now looking for more space instead of proximity to city center. This can affect the property market in cities. From this study alone, you can see some markets will suffer whereas others are more likely to benefit.

          In Ibiza, as we have shown in our 2020 Market Report, the low supply versus high demand can predominantly predict sales on the island are less likely to be affected.

          We are also noticing an increased interest for quieter and safer environments.  It would appear the crisis has only reminded people that it might be time for a change and the island can offer their desired environment.

          Exclusive places will always remain strong in difficult times. There will be some likely opportunities for buyers in the short-term, but in the long term we expect the market to recover quickly.

          When will the property and tourism market start to truly see its effect of the pandemic?

          We have only recently started deconfinement.  The next weeks determine how quickly we return to normality. This is an unprecedented situation and we can only see in the short term at this time.

          The European Union is currently discussing how to proceed with the reopening of the frontiers. Tourism accounts for about 10% of the European economy and about 25 million jobs and is therefore the interest of all parties to reactivate tourism as soon as possible.

          We hope to be able to welcome you again in July, but until we know for certain let’s stay safe and keep positive. While we wait, we have adapted our way of working and you can see this on our new web page: Real Estate Virtual Technology.

          Zoom Video Meeting - Virtual Viewing

          We are available to advise you anytime, whether you are curious to learn more about Ibiza and its market or if you would like to do a virtual tour of one of our villas.

          Here at Prestige the whole team is working everyday in preparation for when we can meet our clients. We are really impressed and motivated by the amount of messages that we receive from all of you, full of positivity and the will to pursue the dream holiday or the perfect new home in the sun.

          If you are considering buying a property in Ibiza, then why not take a browse at our current Ibiza exclusive properties available.  

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

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

            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



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

              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



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

                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



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

                  Ibiza’s Gourmet Cuisine

                  Ibiza’s gourmet cuisine is one of the reasons why those who know how to live well visit the island. From the most sophisticated and original avant-garde to intimate and romantic restaurants, Ibiza offers the most refined possibilities.

                  Gourmet Gastronomy in Ibiza

                  In this article, we’ll tell you about a number of restaurants on the island that are included in the Michelin guide, and why they deserve this distinction.

                  Ca n’Alfredo

                  A traditional family establishment that has been offering traditional yet refined Mediterranean and Ibizan dishes since 1934. Its creations are presented perfectly paired with local wines. One of its most famous dishes is its fish stew.

                  Re.Art

                  This tapas tavern is run by the Catalan chef David Reartes, whose mission is to make the island’s products more well-known and appreciated. He’s committed to the "Ibiza’s Flavour" brand, promoted by the Consell d’Eivissa.

                  From the irreverent and lively atmosphere of his open kitchen, he serves traditional tapas and unique creations such as Café de París smoked pork loin.

                  The Gaia

                  This establishment features japeruvian cuisine or a blend of Japanese and Peruvian cooking, and is headed by the chef Henrique Sá Pessoa.

                  With absolute respect for local Mediterranean produce, he has incorporated its virtues into this trend to offer patrons creations such as lobster anticucho with mojo, coriander and lime or nikkei chocolates.

                  Mar a Vila

                  Located in the center of Eivissa (Ibiza Town), this is the place where Pablo del Castillo prepares a cuisine that is varied but focused on Ibizan and Spanish gourmet gastronomy. Among its specialties are ravioli foie and tuna glazed with soy.





                  They also offer signature tapas and pinchos prepared with creativity that reflects the team’s youthful approach. Tuck into some violet potatoes with mustard and toasted garlic, or black pudding and apple rolls with almond sauce.

                  It

                  With a highly creative Mediterranean style and headed by chef Massimo Larosa, it is located in Marina Botafoch.

                  Here they work with a blend of local products and Italian specialities such as pizzas, pasta, and starters, in creations with superb results.





                  In addition to an international wine list, you’ll be delighted with dishes such as beef sirloin with hazelnut, crunchy cod cannolis or cuttlefish with black olives and cauliflower.

                  El Cigarral

                  Run by the Ortiz family, this restaurant specialising in homemade Spanish cuisine with a touch of versatility offers a variety of options. Locally caught fish, game from Toledo, and Asturian livestock shine in their creations.

                  These include asparagus stuffed with seafood au gratin with alioli, red partridge a la Toledo-like mother-made, and Asturian T-bone steak.

                  You have to eat in Ibiza, and this is the moment to do so. If you’d like to experience the delights of gastronomic tourism in Ibiza and sample Ibiza’s gourmet cuisine, be sure to plan a visit soon.


                  Ibiza, January 2019



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