Ibiza

Ibiza’s idyllic location and continued popularity amongst visitors from around the world make this Balearic Island a relatively safe place to invest in property, although prices have reached record highs post pandemic. Like several other ‘in demand’ locations, there has been a shortage of sought-after property coming to market.

There are tight restrictions on new building projects, but there are some new developments, or new buildings, taking place here providing the opportunity to buy off plan. Property can achieve high rental return in summer months. Laws have tightened around short-term rental of property, and a tourism license is a legal requirement in order to do so. Higher end property can be hard to value in Ibiza, so there can be opportunity for negotiation, but do research first. Our partners like to work exclusively with their vendors to ensure best service and control of information on the market.

Entry level on the island is high and even with €1,000,000 you will be limited what you will get. But owning a place on the magical ‘White Island’ makes it so worth it! Allow up to 12% for additional purchases costs including taxes, fees and property transfer. Agents in Spain, including the Balearics and Ibiza tend to collaborate and share commissions, so be sure to work with a pro-active agent. Many, including our partners, can help you in your search to buy. They have connections with lawyers and notaries on the island too.

As much as it’s known for its beaches, parties, clubs and nightlife, Ibiza has great natural and cultural attractions too with many more laid back, quiet retreats around the island. There are some very stylish places to eat and drink on the island, with shopping to match. For lively, look at San Antonio on the South West and Playa d’en Bossa on the South East coast, and the Ibiza strip. San Antonio is known as the party town in terms of nightlife. Also slightly inland, south of San Antonio is the picturesque, whitewashed town of Sant Josep, at the foothills of Sa Talaia, the highest mountain on the island.

For making the most of the quieter and more bohemian side of Ibiza, look to the east around Santa Eulalia with its exclusive marina and lengthy seafront promenade, Siesta and Cala Llonga further south along the coast. Also popular are Puerto San Miguel in the North and Portinax, the most northern bay on the island. As an indication, there are yoga studios all over the island, but they tend to be concentrated more to the SE and NE in the hills as well as closer to the sandy beaches. Alongside a pretty marina lies Ibiza’s old town, Dalt Vila. Arguable the heart of the island with the Ghotic cathedral, the UNESCO World Heritage Listed fortress with defence walls, and narrow streets dating back to medieval times. The restaurants, bars, shops and residences here are attractive too.

Our affiliate partners specialise in the top end of the market in Ibiza, offering rentals too. Please do get in touch with us and we can connect you.

Photo credits © Javier Duran via canva.com © landscapephoto via canva.com © pkazmierczak via canva.com