Ibiza is the most fashionable island in the Balearics, famed for its ultra-chic beach clubs, world-class amenities and year-round sunshine. But beyond the glittering yachts, all-night parties and private jets, Ibiza offers the promise of a laid-back, bohemian lifestyle. Its beautiful beaches, rich gastronomy and dynamic international expat community have made it a popular destination for those looking to buy a holiday home or property in a blissful Balearic paradise.
Property in Ibizia is significantly more expensive than on the mainland and surrounding islands. Small housing stocks and tight restrictions on building new developments make for exceptionally high land values, with prices comparable to central London and New York City. The most expensive, exclusive part of the island is the southwest, in and around Ibiza Town, given its proximity to the airport, ritzy marina and renowned restaurants and shops. The comparatively undeveloped north-east coast, with its pine-fringed coastline, is rapidly increasing in popularity too. East of the island is developing a reputation for its creative energy too, particularly around the charming village of San Carlos and municipalities like Eulalia del Rio.
The acquisition process in Ibizia is fairly straightforward, almost identical to that in Spain with one notable exception – purchase taxes. In Ibizia, purchase tax stands at 9% for properties over €400,000 and 10% for those over €600,000. As a non-Spanish citizen, you’ll also need an NIE number, a tax identification number. It’s strongly advised to get a good bilingual lawyer, who will be able to assist with this process, as well as undertaking check on the property such as local land registry, town hall and tax office checks. We also recommend using a good bilingual agent. Here are three recommended companies for helping you find houses and villas for sale in Ibizia.
Prestige Properties is one of the oldest agencies on the island, founded by Pascale Dufournier in 1983. It’s since grown to become one of Ibiza’s most trusted real estate agencies, offering a comprehensive and personalized service that takes care of every stage of the purchasing process. The agency boasts an extensive property portfolio, with over 200 luxury villas in the island’s most sought-after locations. They have an extensive network of collaborators too, which means more choice and possibilities when it comes to finding your dream home. The multi-lingual team also offers sales, rental, listing and marketing service.
More info at Prestige Properties
CW Williams Luxury Villas
With over 20 years of experience, CW Williams Luxury Villas deals with some of the most exclusive homes on the island. They offer a staggering range of properties, including a number of the much sought-after fincas, rustic farmhouses that have become particularly popular with artsy celeb crowds. The team also provides professional advice on notary and legal matters, paperwork assistance and property price negotiation. The agency covers all areas of Ibizia, with a good range of homes represented in San Jose, San Juan and San Carlos too.
More info at CW Williams Luxury Villas
Lucas Fox International
Established in 2005, Lucas Fox is a full-service real estate agency offering a comprehensive range of high-quality residential homes across Spain. The company represents some of Spain’s most exclusive homes, many of which are in Ibizia. Services go beyond residential sales too, offering residential lettings, new developments, property management, investment consultancy and Golden Visa assistance too. Every member of its multilingual team is an expert in the intricacies of the property market, both locally and in the global context surrounding foreign investment and property purchasing.
More info at Lucas Fox International