Real Estate in Ibiza
Ibiza is the most expensive market in the Balearic Islands and a villa market with limited building land. We support you with your plans.
Locations in Ibiza
- Ibiza Town: Dalt Vila and Marina Botafoch, apartments overlooking the old town and port. Guide value: approx. €7,606/m² (+11.8 %) (asking prices, idealista, July 2026).
- Santa Eulària des Riu: East coast, quieter, lived in all year, fincas inland. Guide value: approx. €8,045/m² (+1.0 %) (asking prices, idealista, July 2026).
- Sant Josep de sa Talaia: South-west with Es Cubells and Cala Jondal, villas with sunsets. Guide value: approx. €8,220/m² (+3.5 %) (asking prices, idealista, July 2026).
- North: Sant Joan and Portinatx, rural and unspoilt. Guide value: approx. €8,299/m² in Sant Joan (−11.7 %) (asking prices, idealista, July 2026).
Guide values per m² from different sources: asking prices, estimates or transaction prices, as stated in each case. Individual properties vary considerably with condition, view and floor.
Ibiza Market
| Indicator | Value |
|---|---|
| Ibiza, asking price per m² | €7,613, April 2026 (Fotocasa) |
| Total purchase costs, resale | approx. 10 to 15 %, depending on price (BELLAZZURA estimate, non-binding) |
Prices by Location
Sale prices: weighted average of notarised sales in 2025 and change since 2015, based on data from the Portal Estadístico del Notariado (Diario de Ibiza, 30.09.2026). There is no annual series for Sant Joan de Labritja; 21 sales there from June 2025 to May 2026 averaged €5,715/m².
| Municipality | €/m² 2025 | since 2015 |
|---|---|---|
| Sant Josep de sa Talaia | 6,699 | +122 % |
| Santa Eulària des Riu | 5,817 | +102 % |
| Eivissa | 5,734 | +99 % |
| Sant Antoni de Portmany | 5,008 | +105 % |
Bank valuation: average value from bank valuations of open-market homes, Q2 2026, published only for municipalities with enough valuations (Ministerio de Vivienda via habitua.es). Bank valuations are below notarised sale prices, markedly so in prime locations.
| Municipality | €/m² Q2 2026 | vs prior year |
|---|---|---|
| Santa Eulària des Riu | 6,844 | +13.3 % |
| Eivissa | 5,473 | +2.7 % |
| Balearic Islands overall | 3,981 | +13.1 % |
Buying and Costs
- Transfer tax (ITP) in the Balearic Islands on resale property, tiered: 8 % up to €400,000, 9 % up to €600,000, 10 % up to €1m, 12 % up to €2m, 13 % above (Balearic Tax Agency).
- A Spanish tax number (NIE) and a Spanish bank account are required before the notary appointment.
- Checks: land registry extract (nota simple), building permit and habitation certificate, and for fincas the building rights on rural land.
What Buyers Should Check Here
- New holiday lets in apartment buildings have been prohibited in the Balearic Islands since April 2025 (BOE). Anyone planning to let should only buy with an existing, transferable licence.
- If a non-resident sells, the buyer must withhold 3 % of the price and pay it to the tax office within one month (Agencia Tributaria). The municipal land value tax (plusvalía) is then also owed by the buyer (City of Madrid); both belong in the purchase contract.
- For fincas on rural land (suelo rústico), the building permit and building rights determine the value; extensions are only possible within narrow limits.
- Purchase costs with a worked example in our Spain Guide.
Personal Advice
Tell us about your plans in Ibiza.
Discuss a search mandateMarket figures from published reports with source and date; figures marked “approx.” are estimates. No investment, legal or tax advice. Information without guarantee. As of 22 October 2026.