Frequently Asked Questions about Buying Properties in Ibiza
Can foreigners buy property in Ibiza?
Yes. Foreign nationals are free to buy property in Spain, and there are no restrictions. To ensure a smooth transaction, you’ll need a Foreigner Identification Number (NIE), a Spanish bank account, and legal counsel.
What additional costs does the purchase entail?
In addition to the purchase price, you should account for the Property Transfer Tax (ITP) or VAT depending on the type of property, notary fees, registration fees in the Property Registry, and legal and administrative costs. In total, estimate an additional 10% to 13% on the property value.
What is the price per square meter in Ibiza?
The price varies depending on the location, sea views, type of property, and its condition. Ibiza is one of the most exclusive markets in the Mediterranean. Contact us for updated market data.
Is it a good investment to buy in Ibiza?
Yes. The supply of land is very limited due to urban planning regulations, international demand is constant and growing, prices have shown great historical stability, and the potential for tourist rentals is among the highest in Europe.
Can I rent my property to tourists?
Only if the property has a valid tourist rental license. The regulations in the Balearic Islands are very strict and licenses are scarce. We advise you before the purchase to avoid surprises.
What are the best areas to buy in Ibiza?
The most sought-after areas are Santa Eulalia del Río, for its tranquil atmosphere and marina; San José (Sant Josep), for its proximity to the best coves and the southern part of the island; Jesús and Talamanca, for their closeness to Ibiza city with a more residential environment; the northern part of the island, Portinatx and San Juan, valued for their pristine landscape and privacy; and Ibiza city, with the charm of Dalt Vila and unique views of the port.
How long does the purchase process take?
Generally between 4 and 8 weeks, depending on financing, required documentation, and negotiations between the parties.
Can I apply for a mortgage in Spain?
Yes. Residents can access financing of up to 70% of the value, while non-residents can obtain up to 60%. We work with trusted local banking entities.
What taxes are paid when selling a property?
When selling, you will have to pay the municipal capital gains tax and the capital gains tax in the IRPF or the IRNR if you are a non-resident.
Why buy with a local agency in Ibiza?
A local agency offers genuine market insight, access to off-market properties, expert negotiation, legal protection, and comprehensive assistance from start to finish.
Always ensure you work with a licensed real estate agency — in the Balearic Islands, legally registered agents are certified by the API (Agents de la Propietat Immobiliària).
This guarantees professional standards, legal accountability, and full protection throughout your purchase. [Know more here]
What should you look into before making a purchase ?
You’ll need to examine the property deeds, construction permits, and the land’s zoning status, as well as any potential liens, outstanding debts, or easements.
Is it possible to buy from afar?
Yes. We offer virtual visits, signing through a power of attorney, and comprehensive remote process management, without the need for you to travel to the island.
Which properties are in highest demand in Ibiza?
The most sought-after are villas with private pools, properties with sea views, rustic estates with privacy in the interior of the island, and properties with an active tourist rental license.
How do I start the purchasing process?
The first step is to contact us to define your needs and budget. From there, we make a personalised selection of properties, organise the visits, and accompany you throughout the entire legal process until the signing before the notary.
