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 in the Ibiza real estate market 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.