Renovating a property in Ibiza can be an incredibly rewarding experience. It offers the perfect opportunity to create a unique home full of character and personal style. With careful planning and management, a renovation can also result in significant returns on investment.
However, undertaking a major renovation is not without its challenges. A lack of preparation, analysis, and effective project management can lead to escalating costs and unwanted stress.
At Prestige Properties Ibiza, we believe that, with the right knowledge and team, the benefits far outweigh the risks. Whether you’re refurbishing a traditional finca or remodelling a modern villa, renovating a property in Ibiza is an exciting journey that is well worth the effort.If you’re considering purchasing a property in Ibiza with the intention of renovating it, read on for our comprehensive guide, Renovating a Property in Ibiza – Everything You Need to Know, which covers all the key steps to help you on your way.
What to Consider Before Renovating Property in Ibiza
"When considering any aspect of the property market in Ibiza, it is important to be fully informed. Renovating a home can be a complex process that can lead to unforeseen problems and costs, so being well prepared is key to any successful renovation project." – Robin van Den Driessche, Architect & Founder at Illot Studio
Renovations can be complex, often leading to unforeseen issues and expenses. Being well-prepared from the outset is crucial for a successful project.
Local real estate agencies typically have properties with renovation potential. However, securing a property through a trusted agent is only the first step. Finding one that meets your renovation ambitions and is in the right location is equally important.
If your project involves more than minor upgrades, such as installations or a new coat of paint, our top recommendation is to consult a qualified, local architect. Contrary to popular belief, an architect can help optimise costs, ensure high-quality workmanship, and manage contractors and suppliers efficiently. An architect also serves as the key figure in navigating legal and regulatory aspects, helping avoid costly pitfalls further down the line.
Key Steps for Successful Renovation in Ibiza
Legalities:
Analyse the property’s legal status: Ensure it has the proper original building licence from the Town Hall and that there are no unregistered sections. If there are, consult an expert architect to see what can be done based on their nature and construction year.
Assess the property’s potential within the local urban planning regulations: Determine the degree of intervention allowed, and identify whether and how much the property can be extended.
Effective Planning:
Assess the current state of the property, including its structure and installations.
Define the renovation scope and explore possible improvements.
Secure the necessary permits and licences from the local Town Hall.
Obtain an accurate estimate of total costs and project timelines.
Execution and Control:
Once works begin, ensure they are carried out to a satisfactory technical standard. More extensive renovations require on-site management to coordinate tradespeople and ensure deadlines are met.
Before After
1. Structuring Your Ibiza Home Renovation
Renovation & Construction Works and Construction Surveys
Before any physical work begins, having a clear, long-term vision is essential. Investing time upfront in a detailed and well-thought-out plan will allow you to secure accurate estimates and avoid rushed decisions, ultimately leading to a cohesive, well-executed home renovation.
Renovation & Construction Surveys
In many cases, the full scope of a renovation project cannot be determined until after the property has been purchased and a proper evaluation of its structural integrity has been carried out. A thorough building survey will help you identify both superficial and structural works that may be necessary.
This assessment will then guide architects and contractors as they carry out the work. Bear in mind that structural issues may increase your budget, but identifying them early allows for better planning and decision-making.
In Spain, construction surveys are typically conducted by architects or technical architects.
BeforeAfter
2. Choosing the Ideal Architects and Construction Team
As mentioned earlier, engaging an architect is not a luxury but a necessity. The absence of professional oversight can lead to legal and construction problems, cost overruns, and delays. An architect like Robin van Den Driessche from Illot Studio brings invaluable expertise, not only in design but also in project management and compliance with Spanish building regulations.
When selecting an architect or contractor, always ask for references and view their past projects. Before-and-after images provide a clear insight into their ability to transform spaces and the quality of their work. If they come recommended by someone you trust, all the better!
Extra Tip from Robin:
"Conduct a quantity survey of the work to compare quotes from different builders. Without it, unexpected costs may arise, increasing your final budget unnecessarily."
BeforeAfter
3. Crafting a Well-Structured Timeline
Renovation timelines in Ibiza can vary significantly depending on the project’s complexity and location.
Permits and Licences
Permit approval processes depend on the type of renovation and the land category. For example, simple interior works with a "Previous Communication" can start immediately. In contrast, structural changes or extensions may require an Urbanistic Licence, which could take anywhere from months to years depending on whether the land is urban or rustic.
Securing professional advice early on is crucial to avoid delays.
Design Time
If structural modifications are involved, the Town Hall requires an architect’s technical project before granting the relevant permits. For a comprehensive renovation of a 200-300m² house, it may take about a month for the architect to complete the design.
Execution Time
Execution time will depend on the project’s complexity. A full renovation of a 200-300m² home can take around 6 to 8 months.
4. Financial Considerations for Property Renovation
Renovations can be more costly than anticipated. In most cases, buying a second-hand home requires significant investment in essential areas like the structure, façades, and installations—costs that are often overlooked in favor of aesthetic upgrades.
Accurate Estimates
Getting an accurate cost estimate before work starts is crucial but challenging. Costs can only be fully understood once the project is underway and the property’s structural condition is thoroughly assessed.
Ongoing & Extra Costs
Regardless of your budget, always allow for a margin to cover unforeseen issues that arise once work begins. Consider costs such as site preparation, professional fees, installations, landscaping, and taxes. Clarify whether the quotes are fixed or estimates, as these could increase once the project is underway.
5. Legal Details: Local Legislation and Regulations
Before starting your renovation, it’s essential to understand Ibiza’s complex urbanistic laws and regulations. Small works may require a declaration or permit, and an architect will need to guide you through this process to ensure compliance with local legislation.
For example:
Simple renovations like covering replacements may only require a "Previous Communication."
Structural changes or façade modifications will need an Urbanistic Licence.
Since the COVID-19 pandemic, a "Declaration of Responsibility" (Declaración Responsable) allows renovations on urban land in legal buildings to begin immediately, provided an architect certifies the work complies with regulations.
Extra Tip from Robin:
"Ensure that both your architect and contractors have appropriate insurance coverage before starting the project. In Spain, only approved tradespeople can legally carry out construction work, and having the proper insurance in place is essential for your financial and legal protection."
Prestige Highlights: Ibiza Architect’s at Illot Studio
A special thanks to Robin, founder of Illot Studio, for sharing his expertise with us. Born and raised in Ibiza with Franco-Belgian roots, Robin graduated from the Val de Seine School of Architecture in Paris and founded his studio on the island in 2011. Specialising in renovations, new builds, and landscape design, he has worked on numerous successful projects for both local and international clients. The images featured here highlight some of his impressive work.
Are You Looking to Buy and Renovate a Property in Ibiza?
At Prestige Properties Ibiza, our experienced team is here to guide you through every step of the buying and renovation process. Contact us today to discover your dream home on the island – 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!
How to find the Best Real Estate Agency in Ibiza 2024
You can expect a great experience when buying or selling a home in Ibiza if you work with a real estate agency that knows and understands the market. A reputable and experienced agency is more likely to sell or find your property quickly and efficiently, at the best possible price. However, with the growing number of real estate agents on the island, finding the perfect match can be more challenging than expected.
Choosing the Right Real Estate Agency in Ibiza
Begin by asking for recommendations from people who have recently worked with Ibiza real estate agencies. Referrals are still valuable, but in 2024, you should also research online reviews on platforms like Google, Trustpilot, and specialised real estate forums. Personal referrals are still one of the best ways to find a trustworthy agent, but combining them with online research will give you a more comprehensive view of an agency’s reputation and customer satisfaction. Whether or not you have recommendations, follow the advice below to ensure you work with a trusted realtor.
Find a Reliable and Professional Real Estate Agent in Ibiza
Select an agent with a strong local presence. In 2024, many agents may operate online, but the best still have physical offices where you can meet in person. Ensure they are certified by official bodies like COAPI Baleares, which handles certifications, and are members of local professional associations such as PIMEEF or the APIBIZA (which we co-founded).
It’s crucial to work with agents who have a proven track record of successful transactions. Technologies like virtual tours and AI-driven property searches are valuable, since they focus on enhancing the search experience.
Well-Connected Real Estate Agents in Ibiza
The importance of an agent’s network has grown. Top agents in 2024 will not only have a wide portfolio but will also offer a full range of services through partnerships with other professionals like lawyers, architects, and notaries. A well-connected agent ensures that every part of your transaction, from legal matters to architectural assessments, is handled smoothly and efficiently.
Additionally, having a strong local network allows agents to stay informed about new properties, market trends, and opportunities that may not yet be publicly listed, increasing your chances of finding the ideal property or buyer. For more details, read our article on Why sign an exclusive mandate with Prestige.
Ibiza Property Agents with the Best Marketing Efficiency and Online Presence
Check the online visibility of the agency. In 2024 a strong online presence is essential. The best agencies will appear at the top of search results, have a well-designed, user-friendly website, and use professional photography and 3D virtual tours. To ensure your property reaches the widest audience, including international buyers, an agency’s online presence is critical. A well-functioning website, high-quality images, and virtual tours allow potential buyers from anywhere to explore your property, maximising exposure and increasing the chances of attracting serious, high-quality buyers.
In addition to a website, the use of social media and online advertising is vital. Platforms like Instagram, Facebook, and targeted online ads allow agents to reach a broader audience and engage directly with potential buyers. The right online advertising strategy ensures your property is seen by the right people, further increasing the chances of a quick and successful sale. Their offline presence through billboards, magazines, and PR also reflects their market strength. Client testimonials on social media and review platforms are crucial in assessing their reliability.
Transparency in the Ibiza Property Market
Transparency remains key. Ensure all fees, costs, and agreements are clearly stated and acceptable to you. In 2024, with more sophisticated scams and complexities in the market, it’s crucial to work with an agent who is fully transparent and keeps you informed at every step. Working with an honest and transparent agent helps avoid hidden costs and surprises, ensuring you’re fully informed throughout the process. This transparency builds trust and reduces the stress that often accompanies property transactions. Avoid agents who pressure you into decisions or withhold information.
Choose an Ibiza Agent who is Right for You Personally
Buying or selling a home in 2024 can be stressful, but a skilled agent will make the process smoother. After narrowing down your options, visit their offices to gauge their professionalism and see if their values align with yours. An agent who understands your personal needs will ensure a more comfortable experience. Building a strong personal connection helps establish trust, ensuring the agent represents your best interests. This relationship is as important as ever.
Sustainability Considerations
As sustainability becomes increasingly significant, consider agencies that advocate for green practices. Leading agencies not only promote eco-friendly properties but also engage in corporate social responsibility initiatives. If sustainability is important to you, ensure the agency shares your values by promoting energy-efficient homes, eco-friendly renovations, or community-based environmental efforts. Check out our Corporate Social Responsibility initiatives for more information.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Ibiza’s Autumn Escape 2024: Experiencing the Island’s Tranquil Side
When most people think of Ibiza, they imagine bustling beaches, lively nightlife, and the summer party scene. However, visiting Ibiza in autumn offers a completely different experience—one filled with tranquillity, natural beauty, and cultural richness. As the crowds thin out and temperatures cool, Ibiza transforms into a peaceful paradise perfect for exploration, outdoor activities, and relaxation. Here’s your guide to experiencing the best of Ibiza in autumn 2024.
Why Visit Ibiza in Autumn?
Autumn in Ibiza, spanning from late September to November, is a hidden gem for those looking to experience the island’s calmer side. The weather remains pleasantly warm, ranging from 20 to 25 degrees, making it ideal for outdoor activities. The island’s natural beauty is at its peak, with lush landscapes, clear skies, and the vibrant colours of autumn. Moreover, many of the island’s attractions remain open, providing ample opportunities to explore without the summer crowds.
Best Things to Do in Ibiza in Autumn
Explore Ibiza’s Scenic Hiking Trails
Autumn is the perfect time to explore Ibiza’s scenic hiking trails. With cooler temperatures and fewer tourists, you can enjoy the island’s natural beauty at a leisurely pace. Some of the best hiking spots include:
Sa Talaia: The highest point on the island, offering stunning panoramic views of the coastline and countryside. The trail is moderately challenging, making it suitable for most hikers.
Es Vedrà Nature Reserve: This trail provides breathtaking views of the mystical Es Vedrà rock formation. It’s a relatively easy hike, perfect for a relaxed afternoon adventure.
Cala d’Hort to Cala Carbó: A coastal hike that takes you along beautiful cliffs and secluded beaches. This trail is ideal for those who love photography, as it offers many picturesque spots.
Outdoor Sports and Activities
Ibiza in autumn is a paradise for outdoor sports enthusiasts. The cooler weather provides perfect conditions for various activities, from water sports to land-based adventures.
Kite Surfing: The autumn winds make Ibiza a prime location for kitesurfing, particularly around Playa d’en Bossa and Es Cavallet. For beginners or those looking to improve their skills.
Rock Climbing and Bouldering: The cooler temperatures make autumn an ideal time for rock climbing. The cliffs around San Antonio and Santa Inés offer some of the best spots.
Cycling: Enjoy the landscapes in a different way; through charming villages, olive groves, and vineyards.
Autumn is a fantastic time to visit Ibiza’s famous mercadillos, or markets, where you can find everything from handmade crafts to local produce.
Sant Jordi Market: Held every Saturday, this market is a local favourite. Located at the old horse racing track, you’ll find a mix of second-hand goods, antiques, and artisan crafts. It’s a great place to mingle with locals and find unique souvenirs.
San Juan Market: Taking place every Sunday in the charming village of San Juan, this market focuses on organic produce, crafts, and live music. It’s a vibrant and lively event where you can experience local culture, enjoy live performances, and sample fresh, locally grown products. The market’s bohemian atmosphere makes it a must-visit for those seeking a unique, authentic Ibiza experience.
Discover Ibiza’s Historical Sites
Autumn is the perfect time to delve into Ibiza’s rich history without the heat of summer. Some must-visit historical sites include:
Dalt Vila: Ibiza Town’s UNESCO World Heritage-listed Old Town is a maze of narrow streets, historical buildings, and stunning viewpoints. A leisurely walk through this area allows you to soak up the island’s history and enjoy some of the best views over the harbour.
Necropolis del Puig des Molins: This ancient burial site offers a fascinating glimpse into Ibiza’s Phoenician past. The on-site museum provides detailed insights into the island’s archaeological history.
Torre de Balansat (Torre des Molar): Located on a cliff 95 metres above sea level, between Punta de sa Creu and the Port of Sant Miquel, this 18th-century watchtower offers both historical intrigue and breathtaking views. Completed in 1763 as part of Ibiza’s coastal defence system, it never housed cannons but served as a key observation point. A great spot for a day trip, especially in the cooler autumn weather, where you can enjoy the panoramic views of the surrounding coastline and nearby islands.
Enjoy Ibiza’s Year-Round Restaurants
While many beach clubs and seasonal eateries close after the summer, several fantastic restaurants remain open year-round, offering delicious food and a warm atmosphere.
Yemanja: Nestled in the scenic Cala Jondal, Yemanja offers a beachfront dining experience with Mediterranean cuisine, specialising in rice dishes and seafood. Open year-round, it’s perfect for a relaxed autumn lunch by the sea.
Can Mimosa: Located in the charming village of Santa Gertrudis, Can Mimosa offers a farm-to-table experience with a focus on fresh, organic ingredients. This cosy spot is ideal for an autumn evening, with a menu that combines traditional Ibizan flavours with a modern twist.
Can Pilot: A favourite among locals, this rustic eatery in San Rafael is known for its grilled meats and traditional Ibizan dishes. It’s a great place to experience authentic island cuisine.
Es Torrent Restaurante: Situated on a secluded beach, Es Torrent is famous for its seafood dishes. Open throughout the year, it offers a more peaceful dining experience in autumn, away from the summer crowds.
Relax and Rejuvenate
Autumn is the perfect time to unwind and rejuvenate in Ibiza’s serene environment. With the crowds gone, you can truly relax and enjoy the island’s natural beauty.
Yoga and Wellness Retreats: Several yoga studios and wellness centres offer retreats and classes throughout autumn. A variety of yoga and meditation retreats set in tranquil locations across the island.
Spa Days: Treat yourself to a spa day at one of Ibiza’s luxury hotels, such as Atzaró or Hacienda Na Xamena. These spas offer everything from traditional massages to holistic therapies, perfect for a day of relaxation.
Planning Your Autumn Getaway to Ibiza
Visiting Ibiza in autumn allows you to experience the island in a completely new way. With its blend of natural beauty, cultural richness, and outdoor adventure, autumn is the perfect time to discover Ibiza’s quieter, more authentic side. Whether you’re hiking through scenic trails, browsing local markets, or enjoying a cosy dinner at a year-round restaurant, there’s something for everyone to enjoy.
For more details on planning your trip, including accommodation options, car hire, and bespoke boat experiences—among many other services—visit our Concierge Services to ensure you make the most of your autumn escape. Experience the tranquillity of Ibiza in autumn and discover why it is the perfect time to visit.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Our Comprehensive Guide to Legalising Rustic Land Constructions in Ibiza: Understanding Decree-Law 3/2024
Investing in real estate in Ibiza, particularly on rustic land, offers a unique opportunity to own a piece of this stunning Mediterranean paradise. However, if you’re considering such an investment, understanding the legal framework surrounding rustic land constructions is crucial. Recent developments, particularly the enactment of Decree-Law 3/2024, have introduced significant changes that could affect your property. This law offers a pathway to legalise buildings and installations constructed on rustic land under certain conditions.
Our guide will walk you through the key aspects of the law, providing a clear understanding of what can and cannot be legalised, the steps required to legalise a property, and the legal nuances you need to be aware of.
An Overview of Decree-Law 3/2024
Decree-Law 3/2024, formally titled the "Law on Urgent Measures for Administrative Simplification and Rationalisation in the Public Administrations of the Balearic Islands," was introduced to address the complexities of legalising certain constructions on rustic land. This decree specifically targets buildings, structures, and installations that predate certain critical years or whose urban infractions have since expired.
The law represents a significant shift in the legal landscape, as it simplifies the administrative procedures needed to bring older or non-compliant properties into legal compliance. For property owners and potential investors, understanding this law is essential to ensuring that their investments are protected and legally sound.
What Cannot Be Legalised?
While Decree-Law 3/2024 provides an avenue for legalising many constructions, it is important to recognise that there are clear limitations and exclusions. The law aims to maintain the integrity of protected areas and public domains, thus excluding certain properties and situations from legalisation.
Expropriation, Cession, or Demolition Zones:
Properties that are located in areas designated for expropriation, cession, or those scheduled for demolition are excluded from legalisation under this law. These areas are often earmarked for public projects or redevelopment and thus are protected from private legal claims.
Public Domain Properties:
Constructions that are situated on public land, which is land owned by the state or local government for public use, cannot be legalised. This includes properties on land designated for parks, public buildings, or other community uses.
Road Protection Zones:
Another critical exclusion involves properties located within road protection zones. These zones are established to maintain safe distances from public roads and highways, and the law excludes strips of 8m, 18m, or 25m, depending on the type of adjacent road, from being legalised. This is in line with the safety and environmental regulations stipulated in Law 5/1990.
Coastal Servitude Zones:
The Balearic Islands, including Ibiza, have stringent coastal area regulations to preserve the coastline’s natural beauty and environmental integrity. Properties located within 100 metres of the inner limit of the coastal riverbank, as defined by Law 22/1988, fall under the coastal servitude zones and are not eligible for legalisation.
Tourism-Related Properties:
If your property is used for tourism-related activities and requires a tourism exploitation licence, it cannot be legalised under this decree while retaining the ability to continue such activities. Legalisation is possible, but it comes with the condition that the property can no longer be used for tourism purposes. This restriction must be formally registered in the Property Registry within three months of legalisation.
Properties Requiring General Interest Declarations:
Certain properties or installations that are used for activities requiring a prior declaration of general interest, as per Law 6/1997, are generally not eligible for legalisation unless they are specifically declared of general interest under special provisions of the law.
What Can Be Legalised
Despite the exclusions, Decree-Law 3/2024 provides a broad scope for legalising many constructions on rustic land, particularly those where urban infractions have expired by a specific date. Understanding what can be legalised under this law is crucial for property owners and potential investors.
Infractions used to become prescribed (i.e., they expired) eight years after it can be definitively proven that the construction was completed. However, since 2018 infractions in rustic land are no longer prescribed. Also, the mere passage of eight years does not always mean that the infraction has been prescribed, as per the following sections.
The decree allows for the legalisation of buildings, constructions, and installations on rustic land, provided their urban infractions have expired by May 29, 2024. The eligibility for legalisation largely depends on the type of land and the date when the infraction occurred.
Natural Spaces Law (LEN) Zones:
For properties located in LEN zones (Natural Spaces Law 1991), the key date is March 10, 1991. If the infraction occurred before this date, the property may be eligible for legalisation. LEN zones are areas of significant environmental importance, and the law carefully controls development in these areas.
Protected Rustic Land:
For properties on protected rustic land, the infraction must have occurred before May 25, 2014, for the property to be eligible for legalisation. Protected rustic land is typically subject to stricter regulations to preserve its environmental and cultural value.
Common Rustic Land:
Properties on common rustic land may be legalised if the infraction occurred before June 28, 2016. Common rustic land is generally used for agricultural purposes, and the regulations here are slightly less stringent compared to protected rustic land.
Cultural Heritage Sites:
For properties classified as Cultural Interest or Cultural Heritage, the infraction must have occurred before November 18, 1990, to be considered for legalisation. These properties are of significant historical or cultural value, and any legalisation process will need to ensure that their character and integrity are preserved.
The Process of Legalising Your Property
If your property qualifies for legalisation under Decree-Law 3/2024, there is a clear process you must follow to achieve legal status. This process involves a series of steps designed to ensure that the property meets all legal and environmental requirements.
Request an Extraordinary Legalisation Licence:
The first step in the legalisation process is to apply for an extraordinary legalisation licence to the relevant town hall. This application formally initiates the legalisation process.
Submit a Technical Legalisation Project:
Along with your application, you will need to submit a detailed technical project that outlines the measures you will take to comply with environmental regulations. This includes plans to reduce light pollution, which is particularly important in rural and rustic areas, and to improve energy or water efficiency. These environmental measures are a key component of the legalisation process and reflect the broader goals of the Balearic Islands to promote sustainable development.
Adhere to Legislation Deadlines:
Time is of the essence in the legalisation process. Decree-Law 3/2024 provides a three-year window from the publication of the decree in the Balearic Official Gazette (BOIB) for property owners to apply for legalisation. It’s important to note that the cost of the application increases each year, so acting promptly can save you money.
Tax Reductions and Financial Considerations:
In addition to the regular licensing and ICIO fees, the process also involves an "economic contribution" equivalent to 10%, 12.5%, or 15% of the material execution cost (calculated at the date of application submission), depending on whether the application is registered during the first, second, or third year of the term, respectively.
The law also provides for tax reductions based on the average taxable income of the property owner over the last four fiscal years. Specifically:
A 50% reduction in legalisation costs is available if the individual’s income is below €33,000 or if joint income is below €52,800.
A 25% reduction is available if the individual’s income is below €52,800 or if joint income is below €84,480.
These financial incentives are designed to make the legalisation process more accessible to a wider range of property owners.
Navigating the Legalisation Process
Investing in rustic land in Ibiza offers a unique opportunity, but it comes with the responsibility of ensuring that any existing structures are legal and compliant with local regulations. Decree-Law 3/2024 provides a valuable framework for property owners to regularise their holdings, but it requires a thorough understanding of the law, adherence to strict deadlines, and a commitment to meeting environmental standards.
By following the steps outlined in this guide, you can navigate the legalisation process with confidence. Whether you’re looking to preserve a piece of Ibiza’s rustic charm or to develop your property further, ensuring legal compliance will protect your investment and contribute to the sustainable development of this beautiful island.
We would like to extend our thanks to Illot Studio for their expertise in breaking down the complexities of Decree-Law 3/2024 and assisting us in creating this comprehensive guide. If you need assistance in legalising any parts of your property, you can contact Illot Studio for professional advice and services.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Living in Ibiza: Life in Las Salinas
Las Salinas, with its breathtaking natural wonders, stunning scenery, UNESCO World Heritage sites, and trendy beaches, has become one of the most sought-after destinations in Ibiza. Known for its ecological significance and vibrant social scene, this area offers a unique blend of nature, culture, and luxury, making it a top choice for visitors and those looking to invest in property.
Explore with us the wonders of Ses Salines, where natural beauty, cultural heritage, and luxurious living come together in one of Ibiza’s most captivating destinations.
The Natural Park & Salt Flats: A Sanctuary of Biodiversity
The heart of Las Salinas lies in its renowned natural park, ‘‘The Natural Park of Ses Salines d’Eivissa and Formentera’.’ Recognised for its ecological importance, this UNESCO World Heritage site is a haven for marine life, rare bird species, and diverse plant life. The park, which was declared a natural reserve in 1995 and later a natural park in 2001, stretches from the southern tip of Ibiza to the northern reaches of Formentera, covering 3,000 hectares of land and 13,000 hectares of water.
The marine area of the park is particularly noteworthy, home to dense prairies of oceanic Posidonia (seagrass) meadows, a crucial habitat for endangered species found only in the Mediterranean. The park’s land area features salt flats, wetlands, dunes, and forests, offering a sanctuary for over 200 species of birds, including the iconic flamingos and black-necked storks.
For those eager to learn more about the park’s conservation efforts, a visit to the visitor centre in San Jose or a look into IbizaPreservation’s initiatives is highly recommended.
The Beaches: Las Salinas & Es Cavallet
Las Salinas is celebrated for its beaches, each offering a unique experience while sharing the common elements of pristine white sands and crystal-clear waters.
Las Salinas Beach
Las Salinas Beach is an iconic Ibiza destination, known for its golden-white sands, fragrant pine and Sabina trees, and shimmering turquoise waters. While it’s a perfect spot for a relaxing day under the sun, the beach comes alive during the summer with vibrant activity. Expect to see lively party parades, ticket sellers, and beach merchants mingling with the crowd, adding to the dynamic atmosphere.
The beach is lined with famous chiringuitos, where Balearic beats and DJ sets provide a soundtrack well into the night. Las Salinas seamlessly blends Ibiza’s signature glamour with a welcoming vibe, making it a favourite for everyone from families to nudists. For those who enjoy a quieter experience, the surrounding area is ideal for adventure walks, especially during the off-season when the natural beauty of the landscape shines through.
Es Cavallet Beach
Es Cavallet, another gem in Las Salinas, is particularly popular within the LGBTQ+ community and was one of the first beaches in Spain to embrace nudism. This long, narrow beach is characterised by its transparent waters, occasional patches of seagrass, and powdery white sand, all beautifully framed by protective dunes.
Although Es Cavallet is lively and bustling during the summer, it exudes a more sophisticated atmosphere compared to Las Salinas. The beach is dotted with upscale beach bars and restaurants, where you can savour gourmet cuisine and refreshing drinks in an elegant setting, all while enjoying stunning sea views.
The A-List VIP & Celebrity Attraction
Las Salinas and Es Cavallet are magnets for the jet-setting crowd, making them prime spots for celebrity sightings. It’s not uncommon to rub shoulders with well-known actors, football players, models, and influencers who are drawn to the area’s fun party vibe and luxurious lifestyle. However, despite its reputation as a playground for the rich and famous, Las Salinas remains accessible to everyone, attracting a diverse mix of visitors, from local Spanish families to free-spirited nudists, all united by their love for these beautiful beaches.
The Restaurants, Beach Clubs, and Hot Spots of Las Salinas
The Las Salinas area is home to some of Ibiza’s most famous beach clubs, including the legendary Sa Trinxa, Jockey Club, Beso Beach, and El Chiringuito. These venues are celebrated for their gourmet food, stylish clientele, and prime locations. During the summer months, these spots are a hive of activity, with top DJs spinning dance and Balearic music, creating an unforgettable beachside atmosphere that attracts international tourists and locals alike.
Cultural Spots in Las Salinas
For those interested in the cultural heritage of Las Salinas, a visit to the area’s historic sites is a must. Sant Francesc, an 18th-century church, was originally built for the salt workers and remains a simple yet charming place of worship. Located near the church is a striking bronze sculpture of a man carrying a basket, a tribute to the Ibizan saliners, crafted by the sculptor Pedro Hormigo.
Just before reaching the port of Sa Canal, you’ll find the Ship of the Salinera, a former salt storage ship now transformed into a modern art exhibition centre by collector and hotelier Lio Malca. This unique space hosts a variety of cultural events throughout the year, adding to the rich tapestry of experiences available in Las Salinas.
Property in Las Salinas, Ibiza
For those looking to invest in Ibiza real estate, Las Salinas offers a unique and highly desirable market. The area’s proximity to the renowned beaches of Las Salinas and Es Cavallet makes it especially attractive to second-home buyers. However, due to the numerous restrictions imposed by the nature reserve and the protected status of the area, properties here are in short supply, driving up demand and property values. As a result, owning a villa in Las Salinas is not only a prestigious investment but also a rare opportunity to own a piece of one of Ibiza’s most exclusive areas.
Whether you’re visiting or considering a permanent move, Las Salinas offers a captivating blend of natural beauty, vibrant culture, and luxurious living that is hard to match.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
The Future of Real Estate in Ibiza: Key Trends and Insights
Ibiza, famed for its stunning landscapes, vibrant nightlife, and idyllic beaches, has long been a coveted destination for luxury real estate. Its market has consistently demonstrated resilience and appeal, attracting investors and homeowners from around the globe. As global trends continue to evolve, Ibiza is not only keeping pace but also leading the way in several innovative aspects of real estate. Here’s a comprehensive look at the key trends and insights shaping the future of Ibiza’s real estate market.
Technological Advancements: Revolutionising the Buying and Selling Experience
The integration of technology in Ibiza’s real estate sector is transforming how properties are bought and sold. Tech innovations, such as virtual tours, 3D property scans, and augmented reality, are making property exploration more immersive and convenient. These technologies allow potential buyers to take virtual tours of homes from the comfort of their living rooms, significantly broadening the market to international buyers who may not be able to visit in person.
Online platforms are streamlining the buying process, offering detailed property information, virtual staging, and direct communication with agents. This digital transformation enhances transparency, reduces the time spent on transactions, and simplifies the entire process, making it more accessible and efficient for both buyers and sellers.
Sustainability and Eco-Friendly Developments: Responding to Global Environmental Concerns
Sustainability has become a cornerstone of modern real estate, and Ibiza is no exception. There is a growing demand for properties that incorporate green technologies and sustainable practices. Buyers are increasingly seeking homes with energy-efficient features such as solar panels, high-performance insulation, rainwater harvesting systems, and sustainable building materials. This shift is driven by a broader global trend towards environmental responsibility, with many buyers prioritising properties that reduce their carbon footprint and promote energy conservation.
Developers in Ibiza are responding by designing homes that not only meet but exceed sustainability standards, integrating renewable energy solutions and green technologies to create environmentally friendly living spaces that are both luxurious and eco-conscious.
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Impact of Tourism and Remote Work: Embracing New Lifestyles
Ibiza’s economy has long been bolstered by tourism and its appeal as a vacation destination remains strong, with visitors drawn to its beaches, nightlife, and cultural attractions. However, more recently, the rise of remote work has created a new demand for long-term residential properties that cater to digital nomads and professionals.
Many are now seeking homes that offer a blend of work and leisure, with dedicated office spaces, high-speed internet, and tranquil settings conducive to productivity. This trend is transforming Ibiza from a seasonal hotspot to a year-round destination, attracting a diverse range of residents who value its lifestyle and climate. Developers and real estate agents are increasingly focusing on creating properties that cater to this demographic, offering amenities that support both work and leisure, enhancing the island’s appeal as a year-round destination.
International Investment: Sustaining Market Growth
Ibiza continues to attract significant international investment, particularly from high-net-worth individuals seeking luxury vacation homes or investment properties. This international interest is a crucial factor in maintaining property values and driving market growth. Investors are drawn to Ibiza’s unique blend of natural beauty, cultural richness, and exclusivity.
The island’s real estate market benefits from a steady influx of capital, supporting demand for prime properties and ensuring that the market remains vibrant and resilient. This international investment not only boosts the local economy but also enhances the island’s reputation as a premier destination for luxury real estate.
Navigate Ibiza’s Dynamic Real Estate Landscape With Us
The future of real estate in Ibiza is being shaped by a confluence of technological advancements, sustainability trends, shifting market dynamics, and evolving demographics. As the island continues to attract international investors and adapt to new economic and cultural trends, it remains a prime destination for those looking to invest in luxury real estate.
Whether you are a prospective buyer, an investor, or simply an admirer of Ibiza’s timeless charm, understanding these trends is essential for navigating and capitalising on the opportunities in this vibrant market.
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Discover Ibiza’s Exclusive Villas: Hidden Gems with Unmatched Privacy for Discerning Buyers
Ibiza is an island synonymous with luxury, beauty, and exclusivity — and a sanctuary for discerning buyers seeking unparalleled privacy in one of Europe’s most coveted destinations. Ibiza’s luxury real estate market is a treasure trove of unique properties, from historic palaces steeped in rich heritage to contemporary villas offering cutting-edge amenities. Whether you’re drawn to the serene countryside, the vibrant energy of Ibiza Town, or the idyllic coastal vistas, our island offers a diverse array of exclusive villas that promise an extraordinary living experience.
Join us as we explore some of Ibiza’s most remarkable hidden gems, where luxury meets privacy in perfect harmony.
We love Villa Amalfi for its unparalleled privacy and stunning sea views. Located in the gated urbanisation of Can Furnet, Villa Amalfi is a prestigious property that boasts a sprawling 22,000 square metres plot and a built surface of 1,088 square metres –– featuring seven double bedrooms, each with an en-suite bathroom, a spacious living and dining area, and a large private swimming pool. With its proximity to Ibiza Town and Talamanca Beach, Villa Amalfi strikes the perfect balance between seclusion and vibrancy. With its ample space and top-notch amenities, it’s perfect for entertaining and relaxing in style.
Situated in the heart of Ibiza’s historic Marina, Palacio Orfeo captivates us with its magnificent palace that exudes timeless elegance and historical significance. This Ibizangem, built at the end of the 19th century and meticulously restored by architect Pascal Djavadi, offers a unique blend of luxury and modern comfort. The palace stands out with its grand entrance, historical significance, and spectacular views of the Dalt Vila cathedral.
Originally commissioned by a Spanish Navy minister and designed by Joan Gómez Ripoll, Palacio Orfeo is a piece of Ibiza’s history. The current owner, who acquired it in 2017, has restored it with exquisite attention to detail, maintaining its historical charm while incorporating modern amenities.
Every detail has been considered to provide an unmatched residential experience. This property is perfect for those seeking a refined and exclusive lifestyle. Whether as a private residence or an event venue, its timeless beauty and prime location make it a unique retreat for discerning buyers.
Finca Fruitera is one of our favourites due to its serene escape blending traditional charm with modern comforts, set on a vast 20,000 square metre plot with panoramic countryside views, ideal for those seeking tranquillity, privacy and authentic Ibiza living. Recently refurbished, this property combines traditional charm with modern comforts, making it an ideal retreat for those seeking tranquillity in Ibiza’s countryside.
The main house features two levels, with the ground floor housing three double bedrooms, a large living-dining room, and a separate kitchen. The first floor is dedicated to the master bedroom, with a large bathroom, dressing room, and terrace. The exterior includes terraces of fruit trees, gardens, and a 35 m2 swimming pool, perfect for outdoor relaxation and al fresco dining.
Finca Fruitera ensures modern comfort while maintaining its traditional charm. Ideal for those craving peace with easy access to main towns and beaches, Finca Fruitera is perfect for anyone looking for a renovated finca-style home with complete privacy.
Close to the village of San José, Finca Gallo charms us with its expansive layout and rustic elegance, featuring a main house, guest accommodations, and extensive leisure facilities including a swimming pool and tennis court, perfect for families looking to enjoy space and privacy near San José.
The main house features a large entrance area with a high wooden-beamed ceiling, a spacious kitchen, dining room, and bar. The upper floors house four bedrooms, each with a bathroom, and the master bedroom includes a sun terrace. The guest house offers an outstanding four double bedrooms with private bathrooms and a common room, while the guest apartment includes a kitchen, bedroom, and bathroom.
The expansive 15,024 m2 plot includes a 60 m2 swimming pool, dining area with barbecue, and private tennis court, offering ample space for relaxation and entertainment. Finca Gallo is ideal for large families or multiple families, providing plenty of space and privacy. Its proximity to San Jose and various amenities makes it perfect for a pleasant vacation or year-round residence.
Villa Boix Island stands out to us as the ultimate private oasis, located on a secluded peninsula, boasting a double-winged villa, two swimming pools, multiple terraces, and direct access to a serene cove, offering unmatched luxury and exclusivity with breathtaking sea views.
The villa is divided into two wings, each with three bedrooms overlooking the Mediterranean Sea. A separate housekeeper’s building includes additional bedrooms and living spaces. The exterior boasts ten terraces, two swimming pools (one infinity pool), and a sports court. This property is perfect for nature lovers and those seeking a private, luxurious retreat with stunning sea views. It also offers a unique business opportunity for those interested in an exclusive location on the island.
Villa Lucky epitomises modern luxury with its sleek design and panoramic sea vistas in Es Cubells, featuring spacious living areas, stylish interiors, and expansive outdoor spaces including a private pool, this property is perfect for enjoying the Ibiza lifestyle in comfort and style. This elegant villa features five bedrooms, six bathrooms, and ample outdoor spaces for relaxation and entertainment. The spacious living room offers stunning sea views, while the open-plan kitchen and five en-suite bedrooms provide modern comfort. The exterior includes a pool, chill-out area, and various trees providing shade and privacy. This property is perfect for those seeking a renovated, charming home in a prime location with breathtaking views.
Villa Turquoise offers contemporary elegance and stunning sea views near Es Figueral and Aguas Blancas, boasting seven bedrooms, two pools, and upscale amenities. In our opinion, it is an ideal choice for buyers seeking a stylish retreat in a prime location.
The villa is divided into two floors, with the main floor featuring a spacious living room, dining room, and master bedroom. The lower level includes three bedrooms, a gymnasium, and a laundry room. The exterior boasts a large swimming pool, outdoor kitchen, and multiple terraces. Equipped with underfloor heating, central air conditioning, an alarm system, and domotics, Villa Turquoise ensures modern comfort. Ideal for those seeking a ready-to-move-in house with stunning sea views and proximity to beaches.
Can Maor is for us, a dream home located on the West Coast of Ibiza, offering privacy, sea views, and modern amenities. Completely renovated with Ibizencan style, this villa includes seven bedrooms and ample outdoor spaces. The villa features a spacious living room, open-plan kitchen, and master bedroom with stunning views. The exterior includes a swimming pool, terraces, and beautiful gardens. Equipped with underfloor heating, air conditioning, and an alarm system, Can Maor ensures modern comfort. Ideal for those seeking a renovated, charming home in a prime location with breathtaking views.
Nestled in a serene enclave with breathtaking views of Dalt Vila, Can Nadal is an exceptional Ibiza mansion available exclusively through Prestige Properties. This grand estate offers a harmonious blend of luxury and privacy, surrounded by tranquil surroundings. Enhanced by a private tennis court, Can Nadal provides a prestigious retreat with convenient access to the vibrant energy of Ibiza.
This villa boasts magnificent panoramic views over a picturesque valley and the stunning coastline. From the historic old castle to Playa d’en Bossa and Ses Salines, the vistas are truly mesmerising. The tranquil setting ensures peace and privacy, making it an ideal retreat while still being close to the island’s attractions.
The mansion’s spacious gardens, large terraces, fish pond, and waterfalls create a captivating outdoor environment.
The property is thoughtfully divided into a main house and two annexes. The main house includes three generous double bedrooms, each with an en-suite bathroom. The first annexe houses two more bedrooms with en-suite bathrooms and a connecting living room, while the second annexe provides two additional suites for staff or guests.
The exterior of Can Nadal is equally impressive, featuring lush Mediterranean gardens and a 13x5m infinity pool. The expansive terrace offers both sun-drenched areas and shaded spots, perfect for lounging with a book or enjoying a glass of sangria. With supermarkets, restaurants, schools, and other amenities close by, Can Nadal is not only ideal for summer holidays but also as a second home. Its exceptional features and prime location make it a perfect choice for spending several months a year on the enchanting island of Ibiza.
Experience the ultimate in luxury and privacy at Can Nadal, where every detail is designed to provide an extraordinary living experience.
Don’t Miss Out on Our Top Exclusive Villas for Discerning Buyers
Ibiza’s exclusive luxury villas offer discerning buyers the ultimate blend of privacy, comfort, and breathtaking views. From historic palaces to modern estates, each property provides a unique living experience in one of the world’s most sought-after destinations. Whether for a primary residence, vacation home, or investment, Ibiza’s luxury real estate market presents an array of opportunities for those seeking a prestigious and tranquil retreat.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Buying a Property in San José (Sant Josep de sa Talaia), Ibiza 2024
San José (Sant Josep de sa Talaia) is a treasure trove of beautiful beaches, stunning natural scenery, charming villages, and celebrity hotspots. This vibrant area offers a diverse range of property opportunities and lifestyle options, all within proximity to the island’s capital, Eivissa. Whether you’re seeking a luxury vacation villa, an investment property, or a serene countryside retreat, San José has something for everyone.
Read on to discover which area of San José is right for you to buy a property in Ibiza this 2024.
Es Cubells, Ibiza
Life and Buying a Property in San José Villages, Ibiza
San José, San Agustin, and Es Cubells are the heart and soul of the municipality, each village offering its own unique charm and vibrant lifestyle. From the bustling streets and friendly atmosphere of San José to the serene, picturesque countryside of San Agustin, and the enchanting, traditional allure of Es Cubells, these villages are brimming with character and offer something special for everyone.
San José Village
This popular village is known for its family-friendly atmosphere, unique charm, and vibrant local community. The typical Ibicencan town offers year-round amenities, including plenty of up-scale restaurants, supermarkets, souvenir shops, boutiques, and unique fashion stores.
This main village attracts families and those looking for second homes during the summer. The village’s authenticity is reflected in its property styles, drawing buyers who appreciate its charm.
Renowned for its endless views and serene countryside, Sant Agustí is an architecturally impressive and peaceful village. It lies on the border between San Antonio and San José, providing easy access to local shops, supermarkets, and restaurants, despite having only a few stores within the village itself. The surrounding Benimussa countryside is a highly desirable area for those seeking a secluded and authentic lifestyle.
Families and younger couples often seek traditional fincas and Mediterranean-style villas with expansive grounds and outdoor living opportunities here. Some even cultivate their land.
As Ibiza’s smallest village, Es Cubells offers a unique traditional culture and the most stunning panoramic sea views. The village consists of a white Ibicencan church and two nearby bars. Its proximity to little coves and beaches, such as Ses Boques, Cala Llentrisca, Es Torrent, Porroig, and the Cala d’Hort Natural Park with its famous Es Vedra island, makes it a magical and extraordinary spot.
Despite its small size, Es Cubells offers exclusive modern villas with spectacular sea views. The Cala d’Hort beach area and its views of Es Vedrà are highly sought after by luxury home buyers.
Life and Properties for Sale in the South of San José, Ibiza
The south of San José, including Ses Salines, Cala Jondal, and Es Cubells, is a hotspot for buyers with money to invest. These up-market locations offer easy access to unspoiled countryside, Ibiza Town, and the island’s most popular beaches. Fashionable bars and restaurants, like Sa Trinxa, El Chiringuito, and the famous Blue Marlin Ibiza Beach Club, attract A-list celebrities. These spots are ideal for those seeking an exclusive VIP lifestyle.
Properties in the south are typically luxury second homes or investment rentals. The area of Ses Salines is particularly known for its panoramic sea views. Due to its low supply and protected nature reserve status, properties here are in high demand and difficult to acquire, making it an affluent and exclusive area.
El Chiringuito, Ibiza
Life and Properties to Buy in the West of San José, Ibiza
The west coast of San José features popular beach resort areas like Cala Tarida and Cala Conta. These beautiful spots are known for their white sand beaches, turquoise waters, and breathtaking sunset views. The area is lively during peak season, with numerous hotels, restaurants, bars, and tourist attractions, such as the Cotton Beach Club Ibiza, Sunset Ashram Beach Bar, and Cala Escondida.
For those interested in tourism rentals or a second vacation home, the West is an excellent choice. This family-friendly area offers renovated and modern villas and apartments with stunning landscapes, sea views, and some of the best sunsets on the island.
Villa Cala Conta, Ibiza | SOLD PROPERTY
Buying a Property in San San José with us at Prestige Properties
If you’re considering buying a property in the San José area, browse our current properties for sale and rent. Our team at Prestige Properties Ibiza is ready to help you find your dream home.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Ibiza & Balearic Island Real Estate Market Report 2023 & Forecast 2024
As anticipated in our 2022 Market Report and forecast for 2023, the Ibiza real estate market experienced a modest decline in sales over the past year. This decrease can be attributed to various factors, including the global economic slowdown, geopolitical tensions such as the conflicts in Ukraine and the Middle East, and financial uncertainties stemming from inflation and rising interest rates. Despite these challenges, it’s important to note that the market has demonstrated resilience and stability.
Even with a slight dip in demand, the market has maintained a balanced outlook. While asking prices have shown an increase across the Balearics (according to data provided by Idealista), actual sales prices here at Prestige Properties Ibiza have demonstrated a decrease compared to the previous year, as evidenced by municipality prices per square metre where 4 out of 5 municipalities have experienced a decline. This suggests a potential adjustment in asking prices in the upcoming year to align with market trends observed in 2023. However, overall the Ibiza real estate sector remains robust and adaptable. Looking ahead, let’s take a closer look at our 2023 Ibiza real estate market report and predictions for 2024. Please note that this report uses internal and external data to present information on the property market in Ibiza and the Balearic Islands for 2023, along with its projected forecast for 2024.
The analysis covers the following three topics of discussion:
The Balearic Islands’ Housing Market Report for 2023
The Ibiza Luxury Housing Market Report 2023 by Prestige Properties
Predicted Forecast for 2024 by Prestige Properties Ibiza
1) The General Balearic Islands’ Housing Market Summary of 2023
The Balearic Islands have shown impressive resilience over time, as depicted in the graph below. Despite experiencing slight declines in buying / selling and property prices in 2023, the consistent pattern of rebounding after each crisis offers reassurance for long-term investors. This trend underscores the Balearics’ reputation as a secure and enduring investment destination, with the market consistently surpassing pre-crisis levels over the past decade.
2) The Ibiza Luxury Housing Market Report 2023 by Prestige Properties
As anticipated towards the end of 2022, the beginning of 2023 saw a decrease in sales, primarily due to the prevailing global economic sentiment of stagnation and a limited availability of sellers in the market.
As we can see from the graph above, the sales volumes over the past five years seem to mirror broader global economic trends: a decline in the pre-COVID years, followed by a significant surge in the post-COVID years of 2021 and 2022, and now a slight downturn. It remains to be seen whether the 2023 downturn will stabilise or if it will lead to a prolonged downward trend, or whether it is just a short-lived dip. Monitoring the market closely will provide clarity on its trajectory moving forward, but nevertheless, in comparison to 2018, the past year still has a 36% increase in sales volume. Even with a dip in sales volume over 2023, the average asking price per m2 across the whole of Spain, the Balearic Islands and Ibiza has demonstrated a steady increase.
The graph above illustrates an overall significant price increase in Spain, the Balearic Islands, and Ibiza from 2022 to 2023. However, it’s essential to clarify that these prices are based solely on advertised asking prices from the national Idealista property platform, not actual sales prices. For real sales price development in Ibiza, please refer to the graph further down in the report.
The two graphs above illustrate a slight decrease in sales inquiries (demand) alongside a significant increase in the number of properties listed for sale (supply). This indicates a gradual transition from a low supply/high demand market in 2022 to a higher supply/lower demand scenario. Despite this shift, we are still currently in a sellers’ market. The developments in the coming year will determine whether a shift towards a buyers’ market is occurring, if this trend will stabilise, or if it is merely a temporary dip. Although the 2023 data suggests the beginning of a new trend, the next two years will be pivotal in providing more insight and certainty. Monitoring and understanding the market during this period will be crucial in determining whether this shift is permanent or temporary.
Average Price per Square Metre per Municipality in Ibiza in 2023
As mentioned earlier, the change in the balance between supply and demand signals a shift in the market. Furthermore, there has been a decrease in the average price per square metre on the island, indicating a move away from a seller’s market. These figures differ from those presented by Idealista, which primarily focused on asking prices. In essence, property owners may need to reconsider their price expectations. However, this could also present an opportune moment for them to sell their property and capitalise on the evolving market conditions, potentially transitioning towards a buyer’s market.
In general, even with a decrease year-on-year we still can see an overall increase of 17% within a 5 year period (2018-2023). We have noticed a dramatic increase in demand for the municipality of San Antonio, where the average price per square metre has increased over the last few years, although it remains the most affordable municipality on the island, with many rewarding opportunities for buyers.
Eivissa (Ibiza Town) – Average Price & Price per m2 in 2023
Ibiza Town accounted for around 13.4% of our sales volume in 2023. Although the capital’s average price per square metre of 6.268,97 € was slightly lower than in 2021 and 2022, it was still significantly higher than five years ago (20% higher). The most important type of property in the capital was the apartment. In 2023, the average size of an apartment was 73 m2. The houses sold by Prestige Properties in Eivissa in 2023 had an average size of 456 m2 and an average price per m2 of 5,498€.
Sales Volume: 13,41 %
Average Price: 919.700,00 €
Average Price/m2: 6.268,97 €
Average Property Size: 149,75 m2
Typical Property Types: Apartment and House
Municipality
Avg. Sales Price
Avg. PRICE X M2
Eivissa
919.700,00 €
6.268,97 €
Apartment
532.100,00 €
6.526,10 €
House
2.082.500,00 €
5.497,59 €
San José – Average Price & Price per m2 in 2023
As in previous years, San José is the municipality with the greatest interest and volume of sales, high in demand among affluent luxury second-home buyers. It is one of the few municipalities where the average price per square metre is still increasing, even slightly higher than in 2022, with an average of 8023.74 € per square metre. This area accounts for 41.62% of the Prestige Properties’ sales volume in 2023. In addition, it has the greatest mix of properties sold on the island. With apartments, houses and modern villas being the most prominent.
Sales Volume: 41,62%
Average Price: 1.869.230,77 €
Average Price/m2: 8.023,74 €
Average Property Size: 246,62 m2
Typical Property Types: Apartment, Finca, House, Modern Villa, Plot with licence
Municipality
Avg. Sales Price
Avg. PRICE X M2
San Jose
1.869.230,77 €
8.023,74 €
Apartment
466.250,00 €
5.394,53 €
Finca
2.750.000,00 €
13.033,18 €
House
2.227.500,00 €
11.275,61 €
Modern Villa
3.058.333,33 €
6.913,14 €
Plot with licence
1.600.000,00 €
3.855,42 €
Santa Eulalia – Average Price & Price per m2 in 2023
In 2023, the average price per square metre in Santa Eulalia was €6,293 . This price is 23% lower than last year (2022: 8.185 €). However, even with this drop, Santa Eulalia has seen an average of 1.7% increase in its price per square metre since 2018, returning to stable pre-covid and pre-boom levels. Santa Eulalia accounted for almost 30% of our total sales volume in 2023, placing it at second place after San José.
Sales Volume: 29,78%
Average Price: 2.173.350,00 €
Average Price/m2: 6.293, 28 €
Average Property Size: 297,63 m2
Typical Property Types: Apartment, House, Modern Villa
Municipality
Avg. Sales Price
Avg. PRICE X M2
Santa Eulalia
2.173.350,00 €
6.293,28 €
Apartment
824.200,00 €
4.562,94 €
House
995.000,00 €
3.934,89 €
Modern Villa
6.000.000,00 €
9.803,92 €
San Antonio – Average Price & Price per m2 in 2023
At Prestige Properties we have seen the interest in the municipality of San Antonio grow over the years. It is still the most affordable municipality in Ibiza, with many rewarding buyer opportunities. While in 2018, Prestige Properties sold no properties here, in 2023 it represented 9.21% of our sales volume. The average price per square metre is €5,202 which represents a 20% increase from 2019 figures.
Sales Volume: 9,21%
Average Price: 767.928 €
Average Price/m2: 5.202 €
Average Property Size: 137,57 m2
Typical Property Types: Apartment, House
Municipality
Avg. Sales Price
Avg. PRICE X M2
San Antonio
767.928,57 €
5.202,92 €
Apartment
455.100,00 €
4.207,89 €
House
1.550.000,00 €
7.690,48 €
San Juan – Average Price & Price per m2 in 2023
In the municipality of San Juan, the average price per square metre is €10,472, the highest on the island and one of the few municipalities where the price per square metre has been rising steadily over the years. The average price/m2 in San Juan has seen a staggering 42% increase since 2018. It should be noted that properties in the north are scarce. Typical properties in the north are houses with large plots and protected land, with few neighbours, which is one of the reasons for the high prices. The municipality of San Juan accounted for around 6% of our total sales volume in 2023.
Sales Volume: 6%
Average Price: 1.625.000,00 €
Average Price/m2: 10.472 €
Average Property Size: 137,57m2
Typical Property Types: House, Finca
Average Sales Price of each Property Type in Ibiza
Avg. Price
Property Type
2018
2019
2020
2021
2022
2023
Apartment
344.250 €
608.333 €
427.500 €
628.755 €
589.778 €
559.468 €
Finca
1.500.000 €
2.950.000 €
ND
3.153.000 €
2.915.714 €
2.750.000 €
House
1.558.809 €
1.712.647 €
1.650.596 €
2.323.569 €
1.555.384 €
1.784.583 €
Modern Villa
5.400.000 €
2.200.000 €
3.841.666 €
2.970.000 €
4.683.750 €
3.793.750 €
Plot with licence
ND
ND
800.000 €
445.000 €
1.425.000 €
3.850.000 €
Plot without licence
570.000 €
1.100.000 €
ND
871.666 €
ND
ND
Avg. Price
1.342.468€
1.616.956 €
1.793.291 €
1.979.464€
1.474.321 €
1.517.628 €
Deep Dive: Average Sales Prices of Properties that are "as new" vs "to renovate"
In 2023, Prestige Properties sold more new properties than those slated for renovation. Naturally, renovated properties typically command lower average selling prices; however, the difference per square metre between new and renovated properties is modest.
New properties are scarce in Ibiza due to limited space, stringent building regulations, and laws limiting new construction on the island. Consequently, Ibiza is appealing to buyers and investors seeking properties to renovate and resell.
Deep Dive: Reasons for Buying a Property in Ibiza
Ibiza has consistently proven itself as an exceptional investment destination, drawing interest from numerous international investors in recent years. The predominant choice among these investors has been acquiring second homes, either for leisurely holidays or as a respite from the chilly northern winters. In the year of 2023, this trend persisted, with an overwhelming majority—nearly 75%—of our clients opting for properties earmarked as their secondary (holiday) residences.
A noteworthy 14.7% of investors have strategically chosen properties for pure investment purposes, underlining the island’s allure for those seeking financial returns. Equally compelling is the fact that approximately 12% of Prestige’s clientele has chosen to invest in their primary homes, reflecting a genuine commitment to relocating, residing, and engaging in year-round endeavours within the vibrant and captivating landscape of Ibiza. The diverse preferences of our clients continue to underscore the island’s multifaceted appeal and enduring investment potential.
Deep Dive: International Interest and Percentage of Nationalities Buying in Ibiza
Ibiza attracts a diverse mix of cultures, with a significant portion of buyers hailing from European backgrounds. While the United Kingdom has traditionally been a major source, the event of Brexit saw a sharp decline in UK buyers during a period of time, however, in 2023 we see the UK buyers reclaiming their traditionally strong market share in Ibiza’s international clientele, comprising 24.4% of our buyers. However, we have also seen a shift in spending amongst UK buyers, with an increased preference for apartments as opposed to larger properties. This is reflected in the fact that UK buyers represented only 15.05% of our total sales volume.
There has been a notable increase in Spanish and Italian buyers in recent years, signalling a changing dynamic. Spanish nationals emerged as the second-largest group of buyers in 2023, accounting for 19.03% of the annual sales volume across houses, apartments, and plots with licences.
Belgian buyers, constituting 9.8% of our clientele, demonstrated the highest average spending in 2023. This discerning group contributed 18.65% of the total sales volume, showing a preference for larger properties intended as second homes. The evolving demographics of our buyers underscore the broad appeal of Ibiza and the diverse preferences shaping their investment decisions.
Deep Dive: Popular Ibiza Municipalities by Buyer’s Nationalities
In 2023, San José emerged as the top performer in terms of sales volume, accounting for 41.62% of total sales. This area has become a magnet for people of various nationalities. At Prestige, we’ve observed that it’s the most sought-after location on the island, particularly drawing the interest of investors. Meanwhile, San Antonio’s popularity has been steadily increasing over the years. Similar to 2022, in 2023, the majority of buyers were from the UK. San Antonio has become a favoured destination for UK nationals, particularly those who enjoy spending their summer vacations in Ibiza.
Deep Dive: Prestige’s Top-Selling Locations of the Year 2023
Based on the Sales Transaction Volume, the top-selling municipality in 2023 was San José, followed by Santa Eulalia and Eivissa (Ibiza Town). Considering the actual number of properties sold in each municipality, the order changes to San José (31%), Ibiza Town (24%), Santa Eulalia (19%), San Antonio (17%) and San Juan (8%).
Long-Term Rental Interest: an indicator for potential buyers
Amidst limited availability and heightened demand for long-term rental properties, Ibiza persists as a lucrative investment destination for clients pursuing buy-to-let opportunities. Furthermore, for people interested in living here all year round or relocating to Ibiza, buying a property will be more attractive and, with the right budget, easier to find than a suitable long-term rental property.
High Demand vs. increasing supply – is the market changing?
In contrast to previous years, where there was a decline in property supply, Prestige Properties has seen a significant shift in supply dynamics in 2023. The number of new properties listed with Prestige Properties increased notably by 38% compared to 2022. This trend is expected to continue into 2024, indicating a growing trend among sellers to take advantage of favourable market conditions. Amid increasing financial uncertainty and a slight decrease in sales prices, sellers are encouraged to consider selling their property now to capitalise on the current high price levels. At the same time, for prospective buyers, the expanding supply of properties offers a wider range of options to choose from, making the Ibiza real estate market more attractive.
Conclusion: The Luxury Real Estate Market Ibiza 2023
Amidst global challenges, geo-political developments and financial uncertainty, the Ibiza luxury housing market is still flourishing. As one of Europe’s most popular holiday destinations, there is a high level of interest in investing in a property here. It is well known that the Balearic Islands have a very stable real estate market with the tendency to increase prices and rebound even stronger after a global economic crisis.
We can also see that the trend continues, and Ibiza’s average price per square metre is still higher than the overall price per square metre of the Balearic Islands or the Spanish mainland.. Furthermore, the property supply is gradually increasing again, leaving the impression that the market might shift from a buyer’s to a seller’s market in the future.
3) Prestige Properties 2024 Predicted Forecast
As we cast our gaze toward 2024, the landscape of Ibiza’s real estate market points towards a potential shift to a buyer’s market, but a confirmation remains elusive due to incomplete data. The uncertainty is further fueled by geopolitical circumstances and financial insecurities, which may influence property purchases in the coming year.
Sales in the Ibiza real estate market for the year 2024 are anticipated to stabilise, with an observable increase in the number of properties available on the market. This trend may persist, leading to a greater inventory of properties in the following year. Despite this, the current market conditions suggest that it remains a favourable time to sell properties in Ibiza, as prices are currently high. However, the trajectory of future prices is still uncertain, and whether they will stabilise or experience a decline cannot be confirmed yet.
Historically, Ibiza’s real estate market has exhibited resilience, with prices recovering and often surpassing previous levels after experiencing a drop. This characteristic makes the market in Ibiza intriguing for long-term investors who may view potential downturns as opportunities for future gains.
For those considering buying property in Ibiza, the island’s real estate market has demonstrated its ability to bounce back after crises, distinguishing itself from mainland Spain and other real estate markets. Ibiza’s multicultural environment, coupled with a high demand for luxury properties and holiday homes, further enhances its attractiveness for both sellers and buyers.
It is currently a favourable time to sell due to high prices, and potential buyers may find opportunities, given the increase in available property, the historical resilience of the market and the island’s unique appeal.
To navigate this dynamic market successfully, staying informed with real-time updates, seeking guidance from local experts, and considering global economic conditions are essential practices. As the journey into 2024 unfolds, the Ibiza real estate market beckons with both challenges and prospects for those ready to explore its intricacies.
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Living in Ibiza: Life in Es Cubells
Es Cubells is an extraordinary spot with a unique history, authenticity and breathtaking scenery. Even though the quaint village might be the smallest on the island, it remains a leader in vacation villa rentals and luxury property sales in Ibiza. In the sphere of exclusivity, Es Cubells is unbeatable, offering some of the most impressive and sweeping panoramic views.
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One of the Most Traditional and Authentic Villages in Ibiza, Es Cubells
Es Cubells is a small novel-like village that unfolds around a central traditional white Ibicencan church –– gracefully perched on the cliffside. Here, just in front, a charming square takes position and embraces the essence of a typical Ibizan living. There are only two cosy local bars with genuine character and an authentic menu, a modest grocery store, and a humble cultural centre that reflects the village’s heritage. Adding a small children’s park completes the scene, creating a harmonious blend of tradition and community.
The Central White Chapel and Convent, Es Cubells Ibiza
As the only landmark in the village, the Church of Sant Francesc de Paola is commonly known as the Chapel of Es Cubells. This small, white chapel upholds many of its original and authentic traditions, including The Teresa Sisters Convent, and offers a tranquil place for visitors to explore and appreciate.
Es Cubells Panoramic Sea Views and Secluded Beaches
Es Cubells village has been least likely affected by seasonal tourism and still remains relatively quiet even in the height of the season. However, with stunning cliff-top panoramic sea views running from Cap Llentrisca to Formentera, Es Cubells is becoming increasingly popular for regular visitors –– especially for luxury weddings and secluded tourism.
The coastline of Es Cubells is minimalist, with a few small fishermen’s coves, including Es Cubells Beach, Ses Boques, Cala Llentrisca, Es Torrent and Porroig. Due to the typical cliff edge, these tiny cobbled beaches are completely natural, with gravel sands and crystal waters that are as inviting for warm summer swims as they are for deep-water snorkelling.
Restaurants and Attractions Close By to Es Cubells, Ibiza
Es Cubells has plenty of culinary delights and plenty of attractions close by! Ses Boques is a must-visit for seafood lovers. Nestled in a picturesque cove, this restaurant promises a seafood extravaganza and creates the perfect atmosphere for a laid-back and delightful meal. If you like traditional Ibizan flavours, head to Cana Sofia. This family-run spot is known for its authentic cuisine, and its picturesque terrace adds charm to your meal. You can relax in luxury at Blue Marlin if you’re in the mood for a beach club day. During the day, this venue serves as the most luxurious beach spot; at night, it transforms into an energetic party venue. You’ll also find El Chiringuito Beach Club on Es Cavallet Beach nearby. Here, you can soak up the sun and eat some of the finest food on the island.
For scenic views, Mirador Sa Talaia is your destination. You’ll be mesmerised by Ibiza’s breathtaking views, including Es Cubells. And if you’re up for a beach day with mystery, Cala d’Hort overlooking Es Vedra awaits. Here, you can explore beachside restaurants for a delightful culinary experience with your toes in the sand.
Insider’s Knowledge: Cala Llentrisca, Ibiza
Cala Llentrisca is one of Ibiza’s best-kept secrets, a secluded beach hidden from the masses and known to only a few discerning travellers. You can discover a mesmerising coastal path here, a haven for those looking for tranquillity and panoramic views of the Mediterranean Sea.
Despite being safe, this path isn’t for the faint of heart. With varying terrain, including some steep stretches, it requires moderate to difficult hiking ability. This adventure requires sturdy walking shoes! It’s worth it, though, when you see unparalleled views and a secluded waterfront at the journey’s end.
The process of undertaking this exploration demands thoughtful preparation. Pack ample food and beverages and slather on sunscreen to ensure a comfortable journey. The two-hour trek (each journey) to reach the beach promises an experience like no other, but be mindful that there are no amenities or services until you ascend back to Es Cubells.
For those willing to venture off the beaten path, Cala Llentrisca reveals itself as a hidden oasis, offering a serene escape and an adventure etched with breathtaking vistas, all tucked away from typical tourist trails.
How to get to Cala Llentrisca Ibiza!
The walk starts out from the viewing point from Es Cubells church square, making your way to the left of the viewing point, you will find some stairs that lead down to Cueva de la Fuente cave. Follow the path until you reach the tarmacked road and continue past the Vista Alegre residential area until you reach Ses Boques Beach. When you get to the turn-off to the beach, continue along the small rocky path until you reach the very beautiful Cala Llentrisca Bay.
Es Cubells Real Estate Property and Rental Villas
Inviting those seeking a more traditional and quieter Ibiza lifestyle, the village stands out as a rare commodity in Ibiza. The properties here extend beyond mere accommodation to embody luxury villas and extravagant homes. Es Cubells seamlessly weaves natural beauty, cultural richness, and exclusivity together, carving out its distinct identity within Ibiza’s vibrant culture. Known for its exclusive and upscale ambience, Es Cubells charms a sophisticated crowd seeking a more private, serene and secluded setting.
