Exclusivity in Ibiza Real Estate: Seller’s Advantage, Buyer’s Disadvantage
In real estate, exclusivity refers to entering into a contract with a single agent or agency. While this arrangement can mean different things for sellers and buyers, its adoption varies across markets. In some countries, it is common for buyers to sign exclusive agreements with one agent. In Spain, and particularly in Ibiza, this has traditionally been less common, although the practice is gradually becoming more widespread.
At Prestige Properties Ibiza, we believe a single agency agreement is a powerful advantage for sellers but can often be a drawback for buyers. In this article, we explain why exclusivity can work in a seller’s favour yet prove counterproductive for buyers in the Ibiza property market.
Buyer Commitments Abroad vs. Flexibility in Ibiza and Spain
In many international markets, buyers often work with a dedicated agent under an exclusive contract. In the Netherlands, for instance, it is standard practice for buyers to sign with a single agent, with transactions typically involving both a buyer’s and a seller’s representative, each paid separately. In the United States and elsewhere, exclusive buyer’s agents have access to multiple listing services (MLS), enabling them to show virtually all properties on the market. In those systems, relying on one agent makes sense: they can find every listing and act fully in the buyer’s interest.
Spain, however, is different. Buyers rarely sign exclusive contracts because the market is fragmented: there is no universal MLS, and sellers often list the same property with several agencies at once. A villa in Ibiza might appear with five or ten agents simultaneously. This means buyers usually browse multiple websites and work with several agents in parallel.
Dual representation is also common, where one agent may act for both buyer and seller. The seller typically pays the commission (around 5%, split if two agents are involved), and there is no requirement for buyers to have their own agent. Instead, most buyers contact various agencies freely, without signing any contract.
That said, Ibiza’s market has recently seen the introduction of property finder services, encouraging buyers to commit to one agent to handle the search. While these packages may sound convenient, they remain uncommon in Spain and, as we will explore, are not always in the buyer’s best interest.
The Benefits of Staying Adaptable as a Buyer in Ibiza
For anyone looking to buy property in Ibiza, maintaining the freedom to work with multiple agencies can be highly beneficial in the Ibiza real estate market. Here are some key advantages of keeping it non-exclusive:
Broader access to listings: No single agency in Ibiza covers the whole market. By speaking with several agents, you’ll see more properties, including private listings or new arrivals that one agent might miss.
Deeper market insight: Each agent has different expertise, from rustic fincas to stylish town apartments. Consulting multiple professionals gives you a fuller picture of the market and helps you make wiser decisions.
Negotiating leverage: When agents know you’re exploring options, they compete for your business. This often means stronger deals, honest advice, and even better prices.
Transparency and accountability: With several agents involved, you reduce the risk of missing details or being misled. Cross-checking ensures nothing important is overlooked.
Freedom of choice: You’re not tied to one contract. If an agent isn’t the right fit, you can walk away without penalty, ensuring you remain in control.
Want to dive deeper into the buying process?
Explore our Buyer’s Guide for a complete walkthrough, insider tips, and everything you need to know before making your move.
The Uncommon Role of Buyer Agreements in Ibiza
In Ibiza’s property market, exclusivity often puts buyers at a disadvantage. Without a centralised system and with properties listed across many agencies, tying yourself to just one agent can limit your options and even add unnecessary risks, which comes down to a few key factors:
No full market access: With no centralised listings, one agent can’t show you everything. Working with several ensures more choice and less chance of missing out.
Stronger motivation: Open arrangements keep agents competitive, pushing them to work harder and negotiate better deals.
Avoid extra costs: If a listing agent won’t share commission, exclusivity could leave you paying fees out of your pocket.
Cultural preference: In Spain, buyers value freedom and trust. Good agents earn loyalty through service, not contracts.
In Spain, and particularly Ibiza, buyers value freedom. The market is built on trust, where agents must earn loyalty through results and service rather than paperwork. This open approach gives buyers greater choice, transparency, and confidence, which is precisely why exclusive buyer mandates have never been the norm here.
Exclusive Mandates in Ibiza Real Estate: A Win for Sellers
For property sellers in Ibiza, an exclusive mandate in Ibiza is a clear advantage. A single agency sales contract designates one agency as your sole representative, and unlike on the buyer’s side, it can make the selling process smoother, more effective, and more profitable:
Personalised service: With exclusivity, your agent can commit full resources to your property. That often means premium marketing, professional photography, drone videos, virtual tours, and prominent placement on websites and social media.
Maximum exposure: Far from limiting reach, exclusive agents collaborate with other agencies through professional networks like APIBIZA. This gives your property access to the widest pool of buyers, while you enjoy the simplicity of dealing with just one point of contact.
Protecting your property’s image: Multiple listings across different agencies often lead to conflicting prices, outdated photos, or duplicate adverts which can make a home look overexposed. Exclusivity ensures one clear, consistent presentation that preserves value.
Clear accountability: With a single agent in charge, there’s no confusion about who manages enquiries, viewings, or keys. You know exactly who is responsible for strategy and results, which also reduces risk and hassle.
Higher sale prices and faster deals: Exclusive listings in the Ibiza property market typically sell closer to the asking price and in less time. Since all offers flow through one channel, the agent can negotiate effectively with a full overview of buyer interest.
Avoiding disputes: Non-exclusive arrangements can lead to double commissions or legal disputes if more than one agency claims the same buyer. With exclusivity, that risk disappears.
An exclusive representation agreement streamlines the sale in your favour. You gain full market reach with tailored, premium marketing and one accountable point of contact. Far from limiting exposure, this approach creates an efficient, trust-based process where both seller and agent are motivated to achieve the best result.
Thinking about selling your property in Ibiza?
Take a look at our Seller’s Guide for expert guidance, market knowledge, and a clear overview of how to achieve a successful sale.
Exclusivity in Ibiza Real Estate: A Balanced Perspective
Going exclusive in Ibiza real estate has very different implications for buyers and sellers. Buyers benefit most from staying flexible, exploring options through several agents and letting competition drive better service. Sellers, however, are better served by granting a sole mandate in Ibiza to a trusted agency, ensuring maximum exposure, consistent marketing, and one clear point of accountability.
At Prestige Properties Ibiza, we offer the best of both worlds, combining a service-driven approach with island-wide collaboration. Sellers benefit from the focus of one dedicated team, while buyers enjoy the freedom to access the broadest range of opportunities. Whether you’re looking to purchase or sell, our goal is to make your Ibiza property journey smooth, transparent, and successful.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Spain’s New Single Rental Registry: Everything You Need to Know
As of 1 July 2025, a major change is arriving for property owners in Spain. The Single Rental Registry becomes mandatory for all individuals or companies renting out residential units on a temporary rental basis. The initiative seeks to bring structure and legal clarity to the expanding market of properties offered for short stays. It also ensures that online listings comply with local and national regulations, protecting both property owners and tenants alike.
Why Has the Single Rental Registry Been Introduced?
The rise of holiday rentals across Spain, particularly in tourist heavy cities and coastal areas, and the Balearic and Canary Islands, has outpaced traditional regulation. Many residences are listed on platforms without the proper paperwork, licenses, or tax declarations.
This registry allows authorities to:
Track which properties are being rented out and under what terms
Identify non compliant listings
Prevent fraud, illegal subletting, and tax evasion
Better manage housing supply in saturated regions
Ultimately, the registry empowers public administrations to make better informed decisions regarding housing policy and urban development.
Who Needs to Register in Spain’s Single Rental Registry?
All individuals or entities providing temporary or holiday accommodation.
The new requirement applies to all landlords, regardless of whether they are private individuals or part of a larger rental business.
Specifically, you must register if:
You rent out entire flats (not permitted in Ibiza) or houses for short periods
You rent individual rooms within a property
You provide temporary housing (not primary residences) on any platform, including Airbnb, Booking, Vrbo and others
Even occasional rentals fall under the scope of this law. If you advertise a property for short stays, you must be registered.
What Happens If You Do Not Register?
Failure to register means:
Your property cannot be legally advertised on rental platforms
Your listing may be suspended or removed by the platfor
You could face administrative sanctions, including fine
You may be flagged for tax investigations or face legal action
The goal is not to punish honest landlords, but to create a fair and level playing field.
How to Register Your Property
The process has been designed to be accessible and user friendly.
Property owners may choose between two methods:
Online Registration
Visit the Electronic Office of the College of Registrars
Log in using a recognised digital certificate
Complete and submit the online form
Upload any required documents
In-Person Registration
Locate the Property Registry office that corresponds to your property’s geographical location
Present your documents physically
Complete the application with the assistance of a registrar
Once validated, you will receive an identification code that must be included in all listings and advertisements.
What Information and Documents Are Required?
Full address of the property
Cadastral reference number (from the land registry)
Identity information of the owner or legal representative
Clarification on whether the rental applies to the entire property or specific rooms
The maximum number of occupants allowed
Proof of relevant municipal licenses, where applicable
In some cases, documentation regarding community regulations or tourism authorisations may be required
These records ensure that your property meets local safety, zoning and tourism criteria.
Why This Registry Matters for Property Owners
While it might feel like an additional administrative burden, the registry comes with clear advantages:
Legitimises your rental business and protects it from sanctions
Ensures your listings stay visible on the largest platforms
Demonstrates transparency and builds trust with tenants
Reduces unfair competition from unregistered or non compliant landlords
Helps avoid legal disputes by clearly defining usage terms
For professional landlords, it is also a tool to consolidate their portfolios and maintain accurate records.
Avoid Hassle by Taking Early Action
The implementation of the Single Rental Registry is not simply administrative, it is a cultural shift in how Spain manages its seasonal rental sector. The earlier you begin the registration process, the smoother the transition will be. Delays in compliance could result in missed income opportunities and potential penalties.
Make sure your property is listed legally and securely.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Ibiza Summer Vehicle Access Regulations: What Tourists Need to Know
New Seasonal Vehicle Limits Introduced
Ibiza now enforces strict summer vehicle access rules from 1 June to 30 September each year. These measures, first introduced in 2025, aim to alleviate traffic and promote environmental sustainability.
Bringing Your Own Vehicle: Permit Required
All tourists wishing to bring a vehicle, such as a car or campervan, must obtain a vehicle access pass in advance. Permits cost one euro per day and are available via the official platform Ibiza Circular. This pass links to the vehicle’s registration and is mandatory for disembarking at Ibiza’s port.
Integration with Ferry Bookings
Most ferry companies now integrate the permit into the booking process, but if yours does not, you must apply via IbizaCircular.es in advance.
Confirmation: Tourists receive a digital certificate or sticker to prove vehicle authorisation.
Limited availability: If the quota is full, additional permits will not be issued. Early planning is strongly recommended.
Vehicle Quota Breakdown
Rental cars: Up to 16,000 permitted. The local rental fleet cannot expand beyond this number.
Private tourist vehicles: Approximately 4,100 spots for cars brought by tourists.
Formentera residents: Around 120 permits allocated specifically for these individuals.
Motorcycles and mopeds: Exempt from the permit system.
Exemptions
The following categories are exempt from the new permit system:
Ibiza residents: Vehicles registered on the island are not subject to limitations.
Second homeowners: Permitted one vehicle, with proof of ownership required.
Workers from other Balearic Islands: Must provide employment documentation.
Essential services and freight: Includes public service, emergency, and delivery vehicles.
Disabled travellers: Vehicles serving individuals with reduced mobility.
Transit to Formentera: Vehicles using Ibiza as a transit point.
Car Rental Policies
Rental agencies must comply with the 16,000 vehicle limit. Tourists hiring a car do not need to manage permits themselves. Availability could be tight during peak periods, so advance booking is advisable.
Campervan Regulations
Travellers bringing campervans must:
Obtain a permit as required for other vehicles.
Provide proof of a confirmed camping site reservation.
Wild camping is strictly prohibited, and failure to comply may result in denied entry at the port.
Driving Within Ibiza
Once on the island with an authorised vehicle, tourists may drive freely. There are no specific restrictions on road access, but:
Parking zones in towns are regulated and may require special passes.
Beach access may be limited when parking areas are full.
Enforcement and Penalties
Fines of up to thirty thousand euros may apply for failing to follow the regulations. Oversight will be conducted through ferry controls and on island monitoring. Rental agencies also face sanctions for exceeding their vehicle allocations.
Purpose of the Regulations
These changes respond to growing concerns over traffic congestion, overtourism, and environmental degradation. Ibiza is seeking a more sustainable tourism model by encouraging public transport and environmentally friendly travel methods.
Plan Ahead and Travel Responsibly
Visitors planning to drive in Ibiza this summer should secure a permit in advance via IbizaCircular.es. They are also encouraged to consider alternative transport options such as buses, bicycles or scooters, which provide a more relaxed way to explore the island. Those who do not meet exemption criteria or are unable to obtain a permit should avoid bringing a vehicle altogether.
Ibiza’s efforts aim to balance the island’s natural beauty with its popularity as a top destination. Responsible travel will help preserve the island for years to come.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Is 2025 a Good Time to Buy a Property in Ibiza?
The Ibiza property market demonstrated remarkable resilience through 2024, maintaining its status as one of Spain’s most robust and premium real estate destinations. Property prices on the White Isle reached record highs last year, even as transaction volumes showed a slight cooldown.
This subtle shift has many prospective buyers wondering: is 2025 a favourable time to invest in Ibiza property? In this updated analysis, we review the latest sales trends, price developments, buyer profiles, and expert forecasts to determine if current conditions make 2025 a good time to buy a home in Ibiza..
The General Balearic and Spanish Property Market Over the Past Decade and in 2025
The Balearic Islands and broader Spanish property market have shown impressive resilience and sustained growth over the past decade. After reaching a post crisis peak in 2017, prices and sales remained relatively steady, only dipping slightly in 2019–2020 amid broader global uncertainties. Subsequent to the pandemic, there was a renewed surge in buying activity, with 2021–2022 marking a boom in sales and price acceleration.
In 2024, however, the market began to recalibrate. Sales volumes across the Balearics declined by approximately 2.5%, even as prices continued to rise, with average home prices in the region climbing by 9.4% on an annual basis, the highest increase in all of Spain. This indicates a market in transition: less frenzied than before, but still robust. Experts suggest that this shift allows for a healthier and more sustainable pace moving into 2025.
Although the volume of transactions has softened, demand for property, especially in upscale areas like Ibiza, remains high, driven by low supply, lifestyle appeal, and international investment interest. For buyers and sellers alike, 2025 presents a more balanced environment than recent years, where thoughtful deliberation and market awareness can offer real advantages.
Ibiza’s Luxury Housing Market 2025 with Prestige Properties
Amidst ongoing geopolitical and economic uncertainty, Ibiza’s luxury housing market continues to demonstrate impressive strength. As one of Europe’s most desirable destinations, Ibiza continues to see strong demand from international buyers seeking a lifestyle investment with proven durability.
The market is progressing at a more measured rate, with values continuing to increase and buyer interest remaining strong. The average price per square metre now exceeds €7,000, with prime luxury villas in standout locations commanding well over €10,000 per m². Compared to 2018, this represents an overall price growth of approximately 17%, reflecting both the island’s exclusivity and the enduring appeal of its real estate market.
While transaction volumes dipped slightly in 2024 compared to the recovery upswing of 2021–2022, the market remains stable. Buyers have become more discerning, and many sellers have responded by adjusting their asking prices. The result is a shift towards a more balanced market, with greater room for negotiation and more realistic pricing strategies emerging across the board.
Our Prestige Properties Ibiza’s sales data from 2024 calculated:
Around 18% of buyers in 2024 purchased a first home, reflecting Ibiza’s shift from seasonal retreat to primary residence.
Over 50% of purchases in 2024 were second homes, continuing the island’s tradition as a holiday haven for global buyers.
Buyer enquiries declined by 17% annually, from 2,800 in 2023 to 2,300 in 2024, indicating a normalisation following record demand.
Despite these shifts, the luxury segment is still thriving, especially in exclusive locations where scarcity of supply and strong rental yields support prices. Our specialists report that attractive, competitively priced homes continue to sell quickly, with more than half of their listings closing in under three months in 2024.
Our 2025 Forecast: Is Now a Good Time to Buy a Property in Ibiza?
As we move further into 2025, Ibiza’s real estate market appears more balanced and mature than in recent years. While the strongly seller-focused conditions of 2020 to 2022 have eased, the island remains one of Europe’s most stable and appealing property markets, particularly for lifestyle buyers and enduring investors.
Current trends point towards continued price stability with moderate growth, particularly in the prime segment. Experts anticipate a five to ten percent price increase over the remainder of 2025, supported by sustained international demand, extremely limited supply, and Ibiza’s sustained lifestyle appeal.
Although sales volumes have softened slightly, this recalibration is widely viewed as a healthy correction, allowing both buyers and sellers to reconnect with more clarity and flexibility. Buyers are no longer facing the competitive rush of previous years, and sellers who price their properties realistically are still achieving strong outcomes.
Its consistent performance over time continues to set Ibiza apart. Even during broader economic slowdowns, the island’s property values have steadily rebounded, often surpassing previous peaks. For patient capital investors, this pattern offers reassurance that any temporary market fluctuations are unlikely to undermine Ibiza’s fundamental value.
Whether you are planning for retirement, a second residence, or an investment with strong rental potential, 2025 presents a compelling opportunity. Buyers now benefit from greater negotiating power, a wider selection of properties, and a market environment that has moved away from unsustainable intensity. At the same time, they gain access to one of Europe’s most coveted property destinations.
As always, we recommend keeping up with current market developments, working alongside knowledgeable local experts, and aligning your decisions with your personal goals and prolonged strategic outlook. With the right preparation, 2025 could be the ideal year to secure your place in Ibiza’s thriving property market.
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 & Balearic Island Real Estate Market Report 2024 & Forecast 2025
In 2024 Ibiza’s luxury real estate market has once again proven its resilience and an ability to adapt, reinforcing its reputation as one of the world’s most sought-after investment destinations. In line with our predictions in last year’s market forecast, 2024 marked a slight transition towards a buyer’s market —while prices remained high, the supply of available properties increased, and demand showed signs of stabilising.
On the other hand, our prediction of stabilising sales numbers were met with a surprise increase in sales numbers and volume, at least here at Prestige Properties. Despite global economic uncertainties, shifting geopolitical landscapes, and financial market fluctuations, the island, perhaps not surprisingly, continues to attract high-net-worth investors, international buyers, families, and lifestyle-driven homeowners seeking this perfect mix of security, exclusivity, and high-value assets not many places offer.
Balearic Islands’ Housing Market 2024
The Balearic Islands—particularly Ibiza—have consistently demonstrated their strength in overcoming market downturns, emerging stronger with each cycle. A combination of relative market stability, evolving buyer preferences, and sustained demand has shaped the property industry in recent years, making the Balearic Islands, and specifically Ibiza, a prime location for real estate investment.
2024 marked a year of stabilisation for property sales in the Balearic Islands. Graph (I) below, shows that after the post-COVID peak in 2022, 2023 saw a decline in property sales, which then stabilised in 2024, returning to pre-COVID levels.
Who buys property in Ibiza?
The Ibiza market presents exciting opportunities for investors and other types of buyers alike. With a limited yet highly desirable property supply, Ibiza remains a safe haven for both short and long-term investment. As Ibiza further solidifies its global position as a premier real estate destination, new possibilities await those looking to secure a stake in this thriving market. Whether as a second home, a secure long-term asset, or a high-yield investment, Ibiza offers unparalleled opportunities in 2025 and beyond.
As our internal statistics show, in 2024 over half our clients were buyers of "Second homes" ( or holiday homes) to enjoy with their family and friends. A new trend this year was a significant increase in "First Home" buyers, which in this context refers to buyers buying property which they will use as their primary residence and not just a holiday home. This is in line with Ibiza attracting an ever increasing clientele of international families choosing to permanently settle on the island, and seeing their children grow up in nature, sun and beach proximity.
Clients whose sole reason for buying is for "Investment Purposes" keep strong at over 20% of all buyers.
As mentioned above, Ibiza’s property market has consistently showcased exceptional durability and flexibility, elevating its profile as a hotspot investment center. This enduring robustness stems from several elements that collectively uphold the island’s real estate sector.
Luxury and lifestyle properties remain in high demand, attracting affluent buyers from Europe and beyond, drawn to Ibiza’s natural beauty, high-end amenities, and vibrant cultural scene. At the same time, strict urban planning regulations and limited land availability help control excessive growth and prevent market over-saturation.
Some Stats & Figures for 2024 – by Prestige Properties Ibiza
Analysing the properties Prestige Properties sold in 2024, we calculated the following:
Island-wide average price per m² in 2024: €7,333
Price range per m²: €5,000 – €17,000, depending on property type, condition, and location.
A breakdown of average price per m² by property type further highlights how different segments of the market performed in 2024:
Apartments: €6,515 per m², average price: €647,721
Houses: €7,558 per m², average price: €1,556,264
Fincas: €10,100 per m², average price: €5,758,333
Luxury Villas: €10,212 per m², average price: €7,118,750
Below a breakdown of Prestige Properties’ buyer nationalities in 2024:
Internally, we celebrated a record-year with regards to the Sales Volumes achieved in 2024:
We also achieved our goal of reducing the average time to find an ideal buyer for a property, beating the island’s historical average of 9 months:
Average time to sell a property in 2024: 7 months.
More than 50% of our properties were sold in under 3 months
Most of our properties found a buyer within 2 months of entering the market
A Market in Transition: Moving Toward a Buyer’s Market?
Following a sustained period of high demand and restricted property accessibility, Ibiza’s real estate landscape is undergoing a noticeable shift. While it remains a stronghold for luxury property investments, 2025 is shaping up to be a turning point, moving away from an extreme seller’s market towards a more balanced perspective.
Though high prices still define the market, the supply of available properties has increased, and demand has slightly declined. Although not yet fully a buyer’s market, emerging trends indicate that change is on the horizon while the scene is evolving:
Buyer Leads in 2024: 2,300 (compared to 2,800 in 2023), indicating a slight drop in demand.
Increased Listings: More properties entered the market in 2024 compared to 2023, contributing to greater buyer options.
But what does this mean for Ibiza buyers and sellers alike?
For sellers, Ibiza’s housing scene still presents significant advantages. Prices remain historically high, making now an ideal time to sell before further market adjustments take effect. Properties in prime locations and excellent condition continue to attract potential new owners quickly, with many deals closing in under three months. While demand has slightly softened compared to previous years, high-value properties remain desirable, particularly among investors seeking exclusive assets.
For buyers, 2025 introduces new opportunities as increasing inventory brings greater choice. Unlike the highly competitive seller’s market of 2022–2024, enthusiasts now hold more negotiating power, offering them better flexibility in securing favorable deals. With the ongoing increase in availability, investors and homebuyers alike may find more diverse options and improved conditions in the coming year.
Looking ahead, Ibiza’s property industry remains dynamic and full of potential. Whereas sellers can still capitalise on high prices, buyers are gaining leverage, creating a healthier equilibrium between supply and demand. As the real estate sector experiences steady growth, it will be necessary for both parties to stay adaptable as we move through this transition.
Looking Ahead: What to Expect in 2025?
Ibiza has long been recognised as one of Europe’s most desirable real estate industries, attracting those seeking exclusive properties, high-end living, and a vibrant lifestyle.
As we move into 2025, the housing trade is evolving with new trends shaping the future of the market. While uncertainty remains in global economic and political spheres, Ibiza’s reputation as a premium housing sector destination remains steadfast. The aforementioned shifting dynamics will have a significant impact on home seekers, capital investors and real estate agents in the year ahead.
Although predicting the future is never an exact science, current field data provides valuable insights. The key trends from 2024 indicate a stabilising market with a slight turn toward increased stock and more opportunities for prospective clients. However, external factors will play a crucial role in shaping the real estate overview for 2025 and beyond:
Economic and geopolitical influences: Interest rates fluctuations, ongoing global conflicts, and international policies will play a role.
Increased stock availability: More listings mean more options for buyers, potentially softening prices.
Increased recognition of Ibiza as a key player in global real estate, uniquely combining political stability, natural beauty, and expanding infrastructure to attract families and discerning international clients.
What remains certain is that Ibiza’s real estate spectrum has a long history of persistence. Even during economic transitions, property values have demonstrated a strong ability to rebound, often surpassing previous highs. This makes the island a desirable, multicultural, and highly sought-after location for investors looking for long-term stability and expansion.
A Thriving Market with Enduring Opportunities
As 2025 unfolds, the island remains a place where real estate dreams become reality—and with us by your side, those opportunities are closer than ever. With the right strategy and expert guidance, exploring this intricate environment becomes easier and more rewarding.
At Prestige Properties, we understand that navigating Ibiza’s evolving real estate market requires expertise and insight. Whether you are looking to sell at the right moment or to identify the optimal conditions to invest, our dedicated team is here to guide you every step of the way. With a deep understanding of the market and a commitment to personalised service, we help our clients make well-informed decisions that align with their financial and lifestyle goals.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Your Ultimate Guide to Ibiza’s 2024 Summer Season: The 5 Top Unforgettable Experiences!
Get a taste of Ibiza’s 2024 season as we reveal some top experiences ranging from classic to extraordinary. With the island buzzing with activity, narrowing the list to just a few highlights is no easy feat. Nonetheless, we’ve meticulously handpicked the most captivating events and activities guaranteed to take your Ibiza experience to the next level.
From the iconic International Music Summit and the legendary opening parties to immersing yourself in modern contemporary art, each experience offers a taste of Ibiza’s signature charm. But we didn’t stop there. We’ve also included some unexpected gems, such as Bingo Nights at The Standard and the culinary journey from Ibiza Food Tour.
A unique adventure awaits you in Ibiza this season, 2024, whether you’re looking for thrills, swing-dance fun, or something more relaxing. Discover your Ultimate Guide to Ibiza’s 2024 Summer Season: The 6 Top Unforgettable Experiences!
International Music Summit, Ibiza 2024
The International Music Summit (IMS) is a beacon of thought leadership in electronic music, embracing industry, culture, education, and technology. Founded in 2007 by a visionary team including Pete Tong, IMS was born to foster sustainable growth and inspire positive change across the global music landscape, transcending boundaries from the boardroom to the dancefloor.
At the heart of IMS lies its flagship event, IMS Ibiza, an annual gathering held every April. Here, innovators, creators, visionaries, and disruptors dive deep into the crucial topics and issues shaping the electronic music community. From dissecting industry best practices to exploring technological innovations, diversity and inclusion, education, and health and wellness, IMS Ibiza provides a platform for meaningful dialogue and exploration.
IMS Ibiza is a precursor to the legendary nightclub opening parties that begin Ibiza’s summer season. This iconic event sets the stage for the months ahead. It ignites the island with pulsating beats and electrifying energy as revellers come together to celebrate the start of another unforgettable summer of music and dance. And, of course, it ends its 3-day event with one big party within the walls of Dalt Vila.
The 2024 Ibiza Opening Parties
It goes without saying that one of Ibiza’s most renowned attractions is its legendary nightclub scene. The island transforms into a pulsating hub of music, energy, and euphoria as the sun sets over the Mediterranean.
Ibiza’s opening parties, in particular, herald the arrival of summer with a bang, drawing partygoers from every corner of the globe to experience the electrifying atmosphere firsthand. Each nightclub, from iconic venues to hidden gems, offers a unique ambience and musical journey.
Whether dancing under the stars at an open-air venue or losing yourself in the underground beats of a cavernous club, Ibiza’s nightlife promises an unforgettable experience for every reveller. Keep up to date with all the Ibiza party calendars here.
Can Art Fair, Ibiza
Prepare to be immersed in the pulsating heartbeat of contemporary art at the highly anticipated third edition of Contemporary Art Now, set to dazzle from June 26th to June 30th, 2024, at the vibrant FECOEV (Fairs, Congresses, and Events of Ibiza). This dynamic event isn’t just a showcase; it’s a celebration of the cutting edge, a journey into the realms of the fresh and the avant-garde. Here, art transcends boundaries and emerges as a force of constant reinvention, drawing in art collectors and enthusiasts from every corner of the globe.
In the electrifying universe of contemporary art, Contemporary Art Now, or Can Art Fair Ibiza, shines brightly as a beacon of innovation and creativity. With a steadfast dedication to pushing the boundaries of what’s current and exciting, this event embraces the philosophy that there’s only one more current than today: the now. The CAN Art Fair promises an immersive experience like no other, featuring over thirty national and international galleries.
Ibiza Food Tour – Original & Premier
In love with food? Why not go on a culinary adventure with Ibiza Food Tours and experience the rich gastronomic history of the island? The tour is led by knowledgeable guides to discover hidden culinary gems known only to locals, sampling traditional tapas, locally sourced delicacies, and Ibiza’s renowned jamón de Iberico. From Michelin-class tapas restaurants to visits to the island’s premier jamón supplier, each tour promises an immersive experience filled with unforgettable flavours and fascinating tales.
With options for both private and group tours, guests can choose between the Original Food Tour or the Premium Food Tour, tailored to suit their preferences and group size. Book now and prepare to indulge in the culinary delights of Ibiza!
Bingo Nights at The Standard Hotel, Ibiza
Located on the ground floor of The Standard Hotel, Ibiza, Jara’s restaurant sets the stage for a vibrant dining experience that beckons both guests and locals alike. Every Wednesday evening, Jara hosts a special event, ‘Not Your Standard Bingo’, starting at 9:00 PM, promising an unexpected twist to your dining experience.
Amidst the buzz of the bingo game, patrons can indulge in a delectable spread of farm-to-table cuisine and refreshing cocktails served with casual flair. The menu showcases dishes that celebrate the island’s agricultural roots, like the vine-ripened tomato tartare, allowing the quality of ingredients to shine through. With its inviting ambience and enticing offerings, Jara transforms into a lively social hub, inviting guests to savour the excitement and endless possibilities of the evening ahead.
Let us organise your unforgettable Ibiza summer vacation this 2024
During your stay in Ibiza, there are plenty of events, markets, and activities to keep you entertained. We’ve just touched the surface. From wellness retreats to tantra workshops and exhilarating hikes to exploring the island’s hidden gems, there truly is something for everyone. And if you find yourself overwhelmed or short on time, fear not—our concierge team is here to handle all the organising and planning for you. So whether you’re craving a night of VIP dancing fun, eager to explore the vibrant contemporary art scene, or simply seeking a culinary adventure, we’ve got you covered. Get in touch today!
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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.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Ibiza’s Luxury Real Estate Market in 2024 – Our Forecast and Predictions
In the face of global challenges, geopolitical shifts, and economic uncertainties, Ibiza’s luxury real estate market has remained resilient throughout 2023. Renowned as one of Europe’s premier holiday destinations, Ibiza continues to attract considerable interest from investors seeking a slice of its luxury property offerings. The Balearic Islands, moreover Ibiza, are well-known for maintaining a stable real estate market, often demonstrating the capacity to weather economic storms and emerge stronger.
So, what’s been happening in the Ibiza property market? Resilience, growth, and evolving dynamics. What’s in store for 2024? Those who keep an eye on Ibiza’s ever-changing property landscape can explore some interesting prospects teeming with possibilities for a new potential buyers market.
A Glance at the Ibiza Property Market in 2023 with Prestige
Significant trends emerged in our analysis of Prestige Properties Ibiza’s sales data for 2018-2023. The price per square metre has witnessed a commendable 17% increase since 2018, underlining the enduring appeal of Ibiza’s real estate. Notably, our sales volume displayed remarkable growth, doubling between 2020 and 2021, maintaining stability throughout 2022, but registering a slight dip in 2023, marking the first decline since 2019.
An 87% surge in enquiries over the past two years reflects sustained interest in the market, though there’s a gradual shift from a low supply/high demand scenario in 2022 to a higher supply/lower demand market in 2023. Interestingly, 75% of our buyers in 2023 opted for a property as their second/holiday home.
For a comprehensive overview, including our Full Market Report and additional statistics, we invite you to explore our detailed 2023 Annual Ibiza Property Market Report and 2024 Forecast.
Ibiza’s Real Estate Market is Flourishing, But Are Dynamics Shifting?
As we assess the current state of Ibiza’s real estate market, one can observe a sustained upward trajectory in the price per square metre. This trend, surpassing figures from 2022, showcases the enduring allure of Ibiza’s properties. The island’s popularity remains a driving force, with its real estate market outpacing both other Balearic Islands and the Spanish mainland.
For the first time in many years, the market is experiencing a gradual increase in property supply, suggesting a potential transition from a seller’s to a buyer’s market in the future. While there are indications that the market may shift towards a buyer’s market, it’s important to note that this cannot be confirmed yet, we will have to wait until at least the completion of the second quarter of the year to have a clearer indication. However, as we reach the end of January, it’s delightful to note that the year has begun exceptionally promising, with January setting a very positive tone for sales in 2024.
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.
Anticipated trends suggest a deceleration in sales for the Ibiza real estate market in 2024, accompanied by a noticeable surge in available properties. This trend may persist, resulting in an increased inventory in the subsequent years. Despite these projections, the current market conditions position it as now as an opportune time for sellers, given the prevailing high prices.
However, the future trajectory of prices remains anticipatory, and whether they will stabilise or witness a decline is yet to be confirmed. Ibiza’s real estate market has historically exhibited resilience, with prices bouncing back and often surpassing previous levels after a downturn. This characteristic makes Ibiza an intriguing prospect for long-term investors who see potential opportunities in market fluctuations.
The Ibiza Real estate Market in 2024
For prospective buyers contemplating an investment in Ibiza’s real estate market, the island’s historical resilience distinguishes it from mainland Spain and other markets. The multicultural environment, coupled with a persistent demand for luxury properties and holiday homes, enhances Ibiza’s allure for both sellers and buyers.
In conclusion, the Ibiza real estate market in 2024 is yet to be determined, but it currently presents a favourable climate for sellers due to high prices. The island’s history of resilience and its distinctive appeal suggest potential opportunities for savvy investors. 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.
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Ibiza Spring and Easter 2024 – Mediterranean Scents & Springtime Activities in Ibiza
Welcome to our Ibiza Spring break 2024 activities and events guide! In Spring, Ibiza offers an exclusive experience. Tourism hasn’t hit its peak yet, businesses are gearing up for the season, and the weather is warm and pleasant. The white island takes on shades of yellow and purple due to blooming flowers, contrasting with the predominant green landscape.
Heading north, away from the capital and Sant Antoni de Portmany, the lively nightlife fades into tranquility. Rural areas take over, offering a quieter, traffic-free Ibizan experience. Uncrowded beaches in spring provide a sense of privilege, with colourful lizards on the sand. It’s a quiet retreat, perfect for enjoying the birdsong away from the urban buzz.
Enjoy nature and crystal clear waters without overcrowding of tourists
In this article we will share with you some of our absolute favourite activities to do during your Ibiza Spring and Easter break 2024. If you’re still looking for your ideal Ibiza villa for your stay, we’ve got you covered too; check out the best Ibiza Spring Villa deals below:
Enjoy an exclusive picnic in Ibiza this spring with panoramic views of the Mediterranean. Total privacy, basket with local delicacies, from cheeses to wines, all carefully selected. Personalized attention for a unique experience on the beautiful island.
Outdoor activities & Produce Markets
Spring in Ibiza is ideal for enjoying water sports such as kayaking and paddle surfing in clear, calm waters. Fewer tourists offer a serene atmosphere on beaches and coves, allowing you to explore the coast without the crowds. Additionally, the season is conducive to hiking, with pleasant weather conditions and lush landscapes, creating a unique experience that combines water sports and exploration of the island’s natural beauty.
The Produce Markets are the perfect choice to explore a wide range of unique items, carefully grown, made or locally sourced on the beautiful island of Ibiza. These ones stand out:
The Forada Market, which opens its doors every Saturday of the year from 10:00 a.m. to 4:00 p.m., located in the Buscastell area.
The Sa Coperativa Market is located at the beginning of Camí de Sa Vorera, in Sant Antoni de Portmany, and opens its doors on Fridays from 9:00 a.m. to 2:00 p.m.
The stalls at Mercat Nou, Mercat Pagès (on Vicent Serra i Orvay Street, 21-13) and Mercat Vell (in the La Marina area) continue to offer fresh products. These markets are open every day of the week in the morning, except Sundays.
The Sant Josep de sa Talaia Market, which opens its doors every Saturday from 9:30 a.m. to 1:30 p.m. in the heart of the town, in front of the Town Hall, and the Sant Antoni de Portmany Market, which offers its products every Friday from 10:00 a.m. to 4:00 p.m. in the square behind the town church.
Santa Eulària des Riu also has its traditional Market, located on Calle del Sol, open every day of the week in the mornings, except Sundays.
On the other hand, we have the markets, called "Hippymarkets or second-hand markets"
The vibrant Sant Jordi market takes place at the Sant Jordi racecourse and offers handmade and secondhand items. Hours: Every Saturday from 8:00 a.m. to 3:00 p.m.
Las Dalias, located in Sant Carles, north of Ibiza, open every Saturday (all year round). Las Dalias’ Ibiza Spring 2024 Schedule: April and May: Saturdays from 10 a.m. to 8 p.m. and Sundays from 10 a.m. to 7 p.m.
The Punta Arabí Hippy Market, the oldest and largest in Ibiza, is held on Wednesdays from 10:00 a.m. to 7:00 p.m. at the Punta Arabí hotel complex, Es Canar. Opens on the first Wednesday in April!
Enjoy traditional Ibizan food in restaurants where it is often impossible to get a table in the middle of summer
Make your Ibiza Spring 2024 the time you finally get to try out some of Ibiza’s most delicious dishes in the most unique and inspiring settings:
S’illot des Renclí, an iconic beach bar with 33 years of history in Ibiza. They stand out for bullit de peix, a fish stew with soupy rice and a variety of fish. They offer delicious options such as striped, served or grilled grouper, in addition to the classic flaó dessert. The views and the warm atmosphere among pine forests make it a unique visit.
Cala Mastella, known as El Bigotes, is an iconic restaurant in Ibiza founded forty years ago by Juan Ferrer. It offers bullit de peix with freshly caught fish in its llaüt. For a modest price, anyone can enjoy authentic fishermen’s food in its surroundings.
In San Mateo, near a crossroads, is Juntos House, a modern farm-to-table Restaurant. San Mateo is ideal for taking walks and going on hikes, the ideal Ibiza Springtime activity.
Casa Jondal, in the picturesque cove of the same name, offers the relaxed essence of beach bars. Using Mediterranean ingredients, chef Rafa Zafra and his team create homemade delicacies, from grilled fish to traditional stews. The culinary experience, simple but irresistible, combines seasonal products and the best ingredients from the sea. In addition to enjoying the best seafood, diners can relax with snacks or drinks in one of the most impressive settings in Ibiza.
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The IMS Ibiza Summit Festival, Spring 2024
An appointment with electronic music in Ibiza this Spring, from April 24 to 26, 2024.
The International Music Summit Ibiza (IMS), the annual electronic music congress that brings together industry leaders, innovators and promises, announces a change of venue for its 15th edition in 2024.
The IMS will be held at the innovative Mondrian & Hyde Ibiza hotels, facing the turquoise waters of Cala Llonga, from April 24 to 26, 2024. Mondrian Ibiza, with direct access to the beach, will offer contemporary sophistication and luxury, exclusively for the delegates.
Eivissa Medieval will be held from May 10 to 12, 2024 in the old town of Eivissa, known as Dalt Vila.
During the second weekend of May, the old town of the city of Ibiza is transformed into a medieval market where you can find street vendors, nobles, fakirs, snake charmers, magicians, witches, puppets, minstrels, jesters, knights, princesses, princes, dragons, falconry, artists and craftsmen, as well as typical food and drinks.
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Tour the Renaissance walls of Dalt Vila, which are a World Heritage Site, discover the Phoenician town of Sa Caleta and the museum-necropolis of Puig des Molins
Spring in Ibiza is perfect for exploring its historic outdoor treasures, such as the Renaissance walls and Dalt Vila Castle, both World Heritage Sites. Without tourist crowds, it is the ideal time to stroll along the cobbled paths of the majestic castle and enjoy panoramic views, immersing yourself in the architectural and cultural wealth of the island.
The necropolis of the goddess Tanit, near the old town of Ibiza, is the best preserved funerary site in the Mediterranean, located in Puig des Molins. Founded by the Phoenicians in the 7th century BC, it reflects the closeness between the spaces of the living and the dead. Currently part of the Archaeological Museum, it has around 3,000 tombs from the Punic era, with only a small number visible, such as the mule hypogeums, discovered in 1946.
Sa Caleta, 10 km west of Ibiza, is a Phoenician archaeological site, a World Heritage Site since 1999. Established in 654-650 BC. and abandoned in 600 BC, reveals foundations of stone buildings, known as the "southern quarter". The buildings, about half a dozen, are grouped in narrow streets and courtyards, built with stone, adobe and flat clay roofs supported by wooden beams.
Spring 2024: Ibiza Club Openings
On Saturday, April 27, 2024, Ushuaïa Ibiza will open its doors. Dancing outdoors and under the Ibiza sun, the most important artists in electronic music will be welcomed and we will dance with people from all over the world.
The party will continue later that same day at the Hï Ibiza Opening Party. Joint tickets will be available that will take you from day to night through two epic events.
The music season is welcomed in the last week of April and the first weeks of May, where the epic terrace of Amnesia and the magical garden of Dc10 will not leave anyone indifferent.
Ibiza Mountain Bike Race – March 29-31, 2024
XXIII TOUR OF IBIZA ON MOUNTAIN BIKE SCOTT BY SHIMANO 2024
From March 29 to 31, Ibiza will once again be the mountain bike capital with the Tour of Ibiza on MTB Scott by Shimano. The countdown to the twenty-third edition has already begun!
Registration opened on November 15. In this first period, each number will cost 180 euros. Discover the most famous island in the world in a unique way, exploring its countless roads and trails by mountain bike. The race direction prepares surprises and route variations for the faithful cyclists.
The Ibiza Marathon, a unique experience in the Balearic Islands, stands out as one of the main European marathons. Breaking the norm by running in the afternoon, runners will enjoy spectacular views during the 42,195 meters from Ibiza to Santa Eulària des Riu. The meticulousness in the details and the certification of the Royal Spanish Athletics Federation guarantee the quality of the event. The marathon weekend will merge sport, tourism and leisure, offering a special experience for runners and the island. Also in 2024, Ibiza Spring will welcome participants from all over the world, making this race a milestone in the island’s history and a benchmark for future marathons.
Fantasy Festival May 17-19, 2024
The second edition of the Fantasía Ibiza Festival will take place from May 17 to 19, 2024. This multidisciplinary art event in the streets of the Pitiusas, created by cultural activist Lucia Barbiero in collaboration with Ibiza City Council, attracts local and international artists.
Fantasía Ibiza Festival seeks to inaugurate the season with local and international talent, offering talks, workshops, live music, performance, live painting, exhibitions and more, with the aim of disseminating and valuing the art of Ibiza.
Reopening of Ibiza’s Bibo Park in Spring 2024
Ibiza Botánico, or the CIEF Botanical Garden, is a hidden natural oasis in the heart of Ibiza. Celebrating local flora diversity, it offers a relaxing and educational experience. Explore native plants, flowers, and majestic trees across various ecosystems. Interactive educational programs highlight the significance of conservation and the crucial role of plants and technology in our ecosystem. It’s a visit not to be missed! Open again from 1st April 2014.
This 2024 book your Ibiza Spring Holiday Villa with us!
The perfect spring or Easter getaway can be found in a holiday rental villa, which will offer you more than you can possibly imagine. Vacationing in a villa rental is an ideal option for a relaxing vacation with your family and friends, especially if you want privacy and the freedom to escape the crowds while enjoying all the island has to offer. Make 2024 the year you treat yourself to the Prestige Holiday Experience!
Do you have any questions or need more info? Send us a message and we will get back as quickly as possible!
Top Things to Do in Ibiza: Exploring Luxury Wellness Spas
Have you experienced everything Ibiza has to offer?
You’ll find lots to do on our island, from its unique beauty to a wide range of culinary experiences to a fantastic nightlife and cultural scene. We recommend that, despite all the excitement and leisurely activities, you incorporate some wellness and relaxation into your vacation to make it truly memorable. Check out Ibiza top-rated spa hotels and retreats to recharge and rejuvenate.
Can Curreu Spa, San Carlos – Ibiza
A spa day pass from Can Curreu is the perfect option for those looking for a relaxing experience in spectacular natural surroundings. This luxury boutique hotel offers a wide variety of facilities to relax and enjoy a day of complete physical and mental decompression. With exceptionally naturally-lit spaces that include a thermal circuit with a sauna, hammam, heated indoor pool with Jacuzzi, sensation bench, cascades, outdoor pool, heated loungers, cold water plunge pool and sensation showers – you’ll be sure to find the full-package here. There is also a gymnasium, massage and treatment rooms, beauty treatments, a hair salon, a solarium, and numerous chill-out areas overlooking the hillside views.
The gastro restaurant serves quality Mediterranean cuisine and is highly recommended if you wish to make a full day of it and go the extra mile. Not to mention that you can also venture out and explore the beautiful San Carlos area on horseback.
Revival Spa by Clarins, Aquas de Ibiza, Santa Eulalia
Inside Aguas de Ibiza hotel, the Revival Spa by Clarins offers a calming, nature-inspired atmosphere. The spa is over 1500m2 in size, dedicated to stimulating your physical, mental, and spiritual harmony through a variety of luxurious treatments. The facilities offer everything from facials, skin treatments, specific treatments for men and women, body treatments, body scrubs, and massages. Here you can indulge and regain your well-being with the finest plant extract products. Much like Can Curreu, Aquas de Ibiza offers signature restaurants with a strong flavour profile of Mediterranean and fusion cuisine for you to enjoy after your spa afternoon.
Safragell, San Lorenzo, Ibiza
Located in one of the most beautiful and authentic areas of the island, Agroturismo Safragell offers an unforgettable place to relax – perfectly situated in a peaceful organic countryside setting.
The spa has a modern thermal circuit equipped with sauna, Turkish Bath, sensation showers, a heated pool with lumbar jets, waterfalls and hydromassage, a cold well, and thermal beds. In addition, they also provide a wide range of professional and exclusive treatments and services to ensure your wellness day is most attentive. Without doubt, a safe bet for a day of well-being and relaxation.
Book Something Out of the Ordinary This Summer in Ibiza With Our Concierge Services
There is nothing quite like having a concierge service to help you create the perfect Ibiza holiday. With us, we guarantee that you’ll get the very best Ibiza has to offer. So if you’re looking for something out of the ordinary and a wellness spa day, then be sure to get in touch – and we will do everything we can to make that happen – simply give us your requirements, and we’ll do the rest.
Of course, as part of our luxury villa management services, we are also able to arrange airport pick-ups, private driver services, yacht charters, boat tours, in-house chefs, catering, grocery shopping, food delivery, yoga, personal training, home spa treatments, massages, home cinema, entertainment, VIP reservations, childcare services and much, much more – all as part of your Ibiza stay with us.
Ready to Search for Your Next Ibiza Luxury Vacation Villa?
With plenty of properties to browse through, we are sure you’ll find the perfect villa vacation rental just for you. Whether you wish to stay in the heart of the action, away from the tourist crowds, close to the beach, or prefer a pleasant country location, everything is possible with us.
