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The Ibiza real estate market is going very well

26 Jun
2017

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The Ibiza real estate market is going well

 

Like most Mediterranean islands, Ibiza is really spectacular. Its crystalline sea with dreamlike views, beautiful white villages, rural roads, flowering fruit trees and much more, make this island a special place.

 

Why Ibiza?

With an average temperature of almost 18 degrees and more than 300 days of sunshine a year, that makes this island a paradise where one can bathe in the sea almost every month of the year. In addition, you can enjoy some of the best gastronomic experiences in Europe with the Mediterranean diet as a flag.

Ibiza is also very accessible. In half an hour by plane you arrive from Barcelona, in an hour from Madrid and in two hours you fly from London. It is possible to work during the week in the city and enjoy the weekend on the island.

 

 

How is the real estate market?

The average price per square meter of Ibiza (about € 4,500) is one of the most expensive in Spain. In the capital of the island, Ibiza, the average price was just above € 4,700 at the beginning of 2017. As for properties, in May of this year, the average price stood at € 830,000, which meant an increase of almost 30% with respect to the previous year.

 

Check this chart of National averages vs the Balearic islands.

 

As for foreigners, according to the real estate agency Ibiza VIP Area:

“British, German, Dutch and French are the biggest buyers, with English and German being the most investing this year in the sector.”

 

Where to live in Ibiza?

Dennis Wesenberg of the real estate agency Kühn & Partner SL explains that

“most foreigners buy homes in Es Cubells and the southern part of the island, and also in areas around the center of the city of Ibiza like Talamanca or Can Pep Simon.”

The city of Ibiza or Vila (as the locals call it to differentiate it from the concept of the whole island) is the largest and most complete in terms of services, communications and leisure options that can be found throughout the island. In addition, it is a very good area to live with children as it has most of the island’s schools and countless parks and play areas. As far as Es Cubells is concerned, it is a much quieter area than the capital, but not far from it.

 

If what is wanted is the action, Sant Antoni de Pormany is the nerve centre of the movement ibicenca. In this town, thousands of tourists arrive every year to enjoy the sun, beach and party. It is a leisure centre full of commerce and services of the first level in which there is never time to be bored.

 

For those who want tranquillity, there is the town of Sant Joan de Labritja, located in the north of the island. In it, you can enjoy the most authentic and natural face of the island. It is one of the least populated and with less tourism. It also has basic services covered.

 

Another quiet town is also Santa Eulària des Riu, an ideal place to rest. It is the ideal place to travel with family and enjoy a quiet holiday. It is also very close to Ibiza town.

 

How to get around in Ibiza?

There is a road network that leads to every corner of the island, and there are also Different bus lines that lead to the populated areas of this one.

Ibiza airport has flights to the largest cities in Spain and Europe. There are also boat connections to the other Balearic Islands (Mallorca, Menorca and Formentera) and to Barcelona and Valencia.

 

If you want to invest in the Spanish real estate market in Spain, don’t hesitate to read our special report with the 10+ reasons why you should have a look at the Spanish property market.

Have a look at the yearly weather statistics of Ibiza and of the 18 biggest cities in Spain.

Have a look at our ePostcards before planning your next holidays in Spain.

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Stéphane 

Senior analyst and strategist at HTBIS

Check the full HTBIS team here

 

 

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