News on the real estate market in Ibiza

The real estate market in Ibiza continues to show steady growth, attracting both local and international investors. Following the pandemic, property prices on the island have not only recovered to pre-crisis levels but have significantly surpassed them. Ibiza remains one of the most sought-after locations in Europe for property investment, thanks to its global reputation, stunning landscapes, and favorable climate.
Current Trends
Ibiza ranks among the most expensive resort destinations, with property prices far exceeding the Spanish average. For example:
• The minimum price for a 40 m² apartment on the secondary market starts at approximately €250,000.
• New developments are more expensive, with similar properties starting from €500,000.
The market is characterized by limited supply, particularly in premium areas, which further drives up prices.
Prestigious Areas
Several locations in Ibiza stand out for their high property prices:
1. Dalt Vila (Cuitat d’Eivissa): The island’s historic center, where luxury townhouses can reach up to €5.6 million.
2. Santa Eulària des Riu: A favorite among affluent international buyers, offering luxurious villas with excellent infrastructure.
3. Sant Josep de Sa Talaia: A small town with high-end coastal homes starting at €1 million.
4. Playa d’en Bossa: A hub of tourism and nightlife with strong demand for rental properties.
5. Talamanca: Known for its vibrant atmosphere and proximity to major attractions.
Investment Potential
Buying property in Ibiza is seen not only as a way to own a home in a prestigious location but also as a long-term investment. High demand for rentals, an extended tourist season (from May to October), and a well-developed infrastructure allow property owners to generate steady income. For instance:
• A 70 m² apartment in Playa d’en Bossa can yield around €1,700 per week during the peak season.
• Renting a villa on the island starts at €5,500 per week.
Rental Market
Demand for rental properties in Ibiza continues to grow, especially during the summer months. Tourists seeking comfortable accommodations near beaches and key attractions drive the market. Rental prices vary by area and property type, making it an attractive market for both private landlords and investors.
Conclusion
Ibiza’s real estate market remains highly desirable despite its high prices. Limited supply and consistent demand ensure continued property value growth. Buyers are encouraged to approach the market thoughtfully, considering local market dynamics and current investment trends.