Is 2022 a Good Time to Buy a Property in Ibiza?

The Ibiza housing market significantly boomed during the Coronavirus pandemic, mainly due to a surge of interest from international buyers that were not economically or geographically restricted, and thus saw an opportunity to move away from the big cities and relocate somewhere quieter and more natural. This buyer interest inevitably created a high demand for properties on an island with a small supply.

In fact, this demand which began in the summer of 2020 and continued into the start of 2022, made Ibiza’s property prices reach a record high and the real estate sector experienced one of the most optimistic years in over a decade. This not only brought joy to sellers and the real estate industry in general, but also created a range of long-term investment opportunities for buyers.

So, is this boom anticipated to continue, is now still a good time to buy, and what are the 2022 predictions for Ibiza’s real estate?



What has the General Balearic Property Market looked like over the Past Decade?

If we rewind back, we can see from our recent article on the 2021 Annual Ibiza Property Market Report and 2022 Forecast that over the past decade (pre-pandemic), the Balearic Islands have shown continuous growth with sales and prices reaching a peak in 2017. These sales and price averages remained the norm, and it was not until late 2019 that these statistics mildly began to drop, suggesting that the market was experiencing minor stagnation. Naturally, it did not help that the real estate business around the same time started to experience less activity due to COVID-19’s uncertain status and subsequent global lockdowns.

This stagnation, however, must be noted as a reflection of the Balearic Islands as a whole, and when comparing the overall market to the Ibiza luxury property market, the impact was most certainly less significant.

Yet, despite a temporary pause in buying activity, the interest has since quickly recovered and now regained the highest pricing since 2007.

What has the General Balearic Property Market looked like over the Past Decade?
evolucion del precio de la vivienda en islas baleares

What did Ibiza’s Luxury Housing Market 2021 with Prestige Properties Look Like?

Using Prestige Properties Ibiza’s sales data, we calculated:

  • An overall 21% increase in price per square metre between 2019 and 2021 across all areas on the island
  • Up until October 2021, sales numbers have risen by 56% compared to 2019 and turnover has risen by 95% in Euros
  • The number of active enquiries and website visits increased by an overall 36%

For the Full Market Report and Statistics, please visit our 2021 Annual Ibiza Property Market Report and 2022 Forecast

2022 Forecast and is now a Good Time to Buy a Property in Ibiza?

Our statistics show Ibiza’s market potential, which not only survived but flourished during the pandemic, giving us confidence that the island will remain a top destination on an international scale for the foreseeable future 2022. House prices in Ibiza’s luxury property market are expected to keep rising steadily, making for an attractive investment. Despite this, we don’t think sales will continue to increase as they have in 2021. With the post-pandemic effect fading, we expect the sales boom of 2021 to slow down, especially as we are increasingly seeing fewer sellers as we move into a new year.  This continues the race against supply and demand, thus promising us a steady increase in property value.

As we move into 2022 and the island is exhibiting even more growth in general, especially in the hospitality and tourism sector, and is becoming a more desirable and trendy place to live, we are starting to see families hitting the long-term rental market in order to be close by and proactive in their buyers’ journey, even if that means waiting for the right property to come onto the market.


If you’re interested in viewing our Prestige Properties Annual 2021 Report or you would like to speak with an agent about the current market and investment opportunities then contact us today! We would be more than happy to talk you through Ibiza’s Real Estate potential.


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

    Ibiza COVID-19 News 2022

    Updated – May 6, 2022

    We are pleased to announce that the use of masks related to COVID-19 is now only mandatory in the following cases:

    • In all health centres, services, and establishments, whether by workers, visitors, or patients, with the exception of those who remain in their private rooms.
    • On all means of public transportation, whether by air, bus, or boat, where it is impossible to maintain a distance of 1.5 metres, except in cabins when they are shared by a number of occupants.

    It is still recommended that those who have been exposed to COVID-19 continue to wear masks in situations where prolonged contact with persons less than 1.5 metres away will occur.

    Further, using masks responsibly in enclosed public spaces where people pass through or remain for extended periods, as well as during mass events. Family gatherings, private meetings, or celebrations, are also encouraged to take responsible action depending on the vulnerability of the participants.

    Stay Updated Here – Spain Travel Health 

    For Travel Entry Requirements – https://www.spth.gob.es



    Updated – February 28, 2022

    Applicable to all of the Balearic Islands from February 28th, 2022:

    We’ve finally said goodbye to COVID-19 Full Vaccination Certificate (covid passport) and face masks in all outdoor areas including courtyards, terraces, and all educational facilities.

    All restrictions have been placed at a minimum, yet it is a requirement to follow the below four measurements:

    • Maintain a safe distance as much as possible
    • Wear a face mask (covering nose and mouth) in largely populated public indoor spaces when it is not possible to maintain a safe distance of 1.5m in overcrowded areas
    • Maintain personal hand hygiene 
    • Smoking remains prohibited on the terraces of establishments for public use or similar spaces

    In the case of hotels and restaurants, when indoors guests should always be seated and wearing a mask, except at the time of consumption. Hotel and catering employees must wear a mask at all times. 

    Within these establishments, 100% capacity is authorised with a minimum of 4 square metres per table to maintain the interpersonal safety distance and with hydroalcoholic gels and hand sanitisers available.

    Travelling to Ibiza? Please check out our Ibiza Travel Forecast 2022

    Stay Updated Here – http://safetourism.illesbalears.travel/en 


    Updated – February 15, 2022

    Applicable to all of the Balearics Islands from February 10th:

    We’ve finally said goodbye to COVID-19 Full Vaccination Certificate (covid passport) and face masks in all outdoor areas including courtyards, terraces, and all educational facilities.

    All restrictions have been placed at a minimum, yet it is a requirement to follow the below three measurements:

    • Maintain a safe distance as much as possible
    • Wear a face mask (covering nose and mouth) in largely populated public indoor spaces when it is not possible to maintain a safe distance in overcrowded areas
    • Maintain personal hand hygiene

    Travelling to Ibiza? Please check out our Ibiza Travel Forecast 2022

    Stay Updated Here – http://safetourism.illesbalears.travel/en 


    Updated – February 1, 2022

    Applicable to all of the Balearics Islands from January 10th:

    You may be required to present your COVID-19 Full Vaccination Certificate in the following places (it is at the discretion of each establishment to ask customers for the vaccination certificate): 

    • Restaurants, Bars, Cafeterias, Social Clubs, Night Clubs, or any venue where dancing is permitted 
    • Celebrations, Congresses, Seminars, or Similar
    • All Tourist Establishment or Premises with Shared Rooms
    • Cinemas and Other Cultural Spaces
    • Gyms or Similar
    • Competitions and Outdoor / Indoor Training (except for those under the age of 12 years)
    • Sport Events

    All restrictions have been placed at a minimum, yet it is a requirement to follow the below three measurements:

    • Maintain a safe distance as much as possible
    • Wear a face mask (covering nose and mouth) everywhere in populated public indoor spaces
    • Maintain personal hand hygiene 

    Travelling to Ibiza? Please check out our Ibiza Travel Forecast 2022

    Stay Updated Here – http://safetourism.illesbalears.travel/en 



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

      The Ibiza Travel Forecast 2022

      For the first time in almost two years, 2022 is appearing to be the very best year to date for travel. Naturally, travel and tourism still involve advance planning and remaining patient and flexible, but as countries are easing restrictions, and vaccination passports, passenger locator forms, and health testing are becoming the new normal, the vast majority of travellers are finally feeling confident to plan and take their next vacation as normal. 

      Gratefully, there was a lot of unexpected optimism in the tourism industry here in Ibiza over the past two seasons, particularly in the luxury travel sector. Although we all hoped that the optimism would continue, recent "good news" from the media and the nightclub industry have given us every reason to expect the summer of 2022 to be an even better year for Ibiza, attracting tourists from across the globe and bringing things back to how they once were.

      

      Ibiza Night Clubs are Due to Open for their First Full Season this 2022

      In addition to the nightclubs announcing their opening this year, they have also planned to open two weeks earlier than usual, from the end of April, through until October, or possibly November if all goes well.

      As part of the island’s nightlife season, all major operators are working hard to get ready. With a possible 65% capacity, a valid COVID passport, differentiated zones to ease into things safely, and a few necessary restrictions, the clubs will hopefully be fully operational in early Spring. 

      So far, Amnesia has announced their opening party for 2022 and it has not taken long to revolutionise clubbers around the world, who are already placing their bets on the lineup of the opening. On May 21 Amnesia opens its doors and tickets are already on sale too.

      General COVID-19 Restrictions and Measurements in Ibiza

      Even though we can’t predict what the season ahead holds, Ibiza adapted well both during the summer of 2020 and 2021, maintaining a very positive attitude and safety throughout, where the majority of activities and many social events continued to operate as usual. It is evident from the past two seasons, even during much uncertainty, that tourism and events in 2022 will continue to increase and thrive on the island. 

      We have not only seen an increase in culinary experiences, including the opening of numerous new restaurants, especially in the Santa Eulalia area, but tourists have also taken a deeper interest in a multitude of outdoor activities such as sunset charters, private yachts, and the discovery of the island’s hidden gems! All of which has led to many tourism sectors having reported experiencing their best summer seasons, even when compared to prior to the pandemic. 

      Over the winter period 2021/22 we saw a brief tightening of restrictions, whereby proof of ‘COVID Vaccination Passports’ was required for entering restaurants and attending large-scale events. However, these restrictions eased after 2 weeks as the social Christmas season returned back to normal. Like many European countries, mandatory masks are still required in busy urbanised areas and when attending public places like supermarkets and indoor venues, something that will likely continue and is preferred for the safety of us all. 

      So right now, apart from the above-mentioned mask-wearing, there are NO Covid-related RESTRICTIONS in Ibiza. 

      For more info, check out our Ibiza COVID-19 News 2022


      Travel to Ibiza Safely this Season 2022 – Entry Requirements to Enter Spain

      It is very important to stay up-to-date on both the requirements for entering Spain as well as the restrictions that may apply once you arrive in Spain.  

      In light of the fact that the Pandemic is constantly changing, here are a few links and information points to keep in mind.  You can take the majority of the stress out of your travel experience if you have a solid understanding of what to expect before you go and can effectively plan everything that you need. 

      

      Do I need a  Health Control or Passenger Locator Form to enter Ibiza?

      The safety of tourism is dependent on the health control measures taken. The Balearic Islands require that all visitors entering from other international countries, regardless of their nationality, age, or any other consideration, complete a health check or a passenger locator form. 

      It is important to note that the only travellers to whom this form does not apply to are international passengers in transit at a Spanish airport with a final destination in another country, provided that the transit lasts less than 24 hours and that the passengers do not leave the airport premises. It is imperative that each form is fully completed accurately on an individual basis in order to check-in and fly. Each form can only be associated with one trip at a time.Health Check Forms for all travel into Spain can be found here: https://spth.gob.es

      

      Do I need a Vaccination Certificate, Diagnostic Test or Recovery Certificate to enter Ibiza?

      All passengers arriving from another country must present one of the following documents in order to enter Spain:

      1. A certificate of Vaccination against COVID-19 

      Valid from 14 days after the complete vaccination schedule (x2) and for up to one year after the date of vaccination.

      1. A negative certification of an active infection diagnostic test

      Required 72h prior to arrival in the Balearic Islands or a rapid antigen test, 48h prior to arrival in the Balearic Islands. Currently, at the point of publishing this type of certificate is NOT accepted in the case of passengers arriving from the United Kingdom (UK).  A full Vaccination certificate is required.

      1. A certificate of recovery after having contracted the disease

      Corresponding to a test within a period not exceeding 180 days after the date of the first positive result of an active infection diagnostic test (NAAT) and no earlier than 11 days following the date of that positive result. Currently, at the point of publishing this type of certificate is NOT accepted in the case of passengers arriving from the United Kingdom (UK).  A full Vaccination certificate is required.

      These certificates (vaccination, diagnostic test, recovery) must be the original, written in either Spanish, English, French, or German, and may be presented in paper or electronic format.

      For regular updates and more information see Safe Tourism Illes Balears Travel.

      

      Find a COVID Test Centre in Ibiza 

      Tourists and residents of the Balearic Islands can take the rapid antigen test upon arrival without an appointment at the Balearic Islands Health Service’s COVID EXPRÉS testing centres.

      Here you can find your Covid Express Testing Centres 


      Thanks for staying updated with Prestige Properties Ibiza.  We are looking incredibly forward to another successful tourist season and the slow return of one of our main tourist attractions, Ibiza’s globally recognised Night Clubs.

      If you are considering travelling to Ibiza this season 2022 and are still yet to book accommodation, then why not check out our villas on offer.

      Alternatively, 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!

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

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