Owning property in Ibiza can be considered a safe investment of reliably growing value, however, buying a property in Ibiza – regardless of it being a summer residence or a permanent home- always involves an investment. It is therefore essential to work with a dependable and experienced agent with good knowledge of the local market activities, professional know-how and with the right contacts to possible partners. Engel & Völkers, as an international service enterprise, is the ideal partner for you. We will intensively support and guide you in finding the property of your dreams.
We combine the capabilities of our highly competent team with our world-wide network and our close contact with our offices on the mainland, especially in Madrid and Barcelona which also allows clients not being residents on Ibiza to find a suitable property on the island. You can contact our team by email or telephone and we will be happy to welcome you personally in one of our two offices in Ibiza Town or Santa Eulalia.
The Ibiza real estate market – Luxury and Nonchalance
The Ibiza real estate market has developed in a way, which, throughout the last years has been reflected in the vigorous ascent of property prices and the construction of new apartment complexes, an improved traffic infrastructure and an increase in high-class gastronomy.
Meanwhile building permissions have been restricted by the island’s government. According to a newly adopted land-use plan for properties, prospective building sites must have a certain minimum size. These may vary from 1000 m² in communities and urbanizations to 80.000 m² in protected areas.
Noble country estates, traditional fincas overlooking the sea and island’s hills or Mediterranean villas by the coast are equally in demand as the posh apartments and penthouses in the upscale areas of Ibiza Town.
The most sought after locations of the island are in the south/southwest. Elevated prices in the Ibiza real estate market are being paid for properties or villas with a view of the legendary ‘Es Vedra’ rock. Areas such as Can Pep Simó, Cap Martinet as well as the urbanizations Can Furnet and Roca Llisa are also at the top of the list and high prices have to be paid for luxury apartments along the Promenade and the marina of Ibiza Town.