Buying property in Ibiza can be a great investment in one of the most famous and most demanded areas in Europe. Having exotic beaches, dynamic nightclubs, and a very special, unique charm, Ibiza is offering more than just a home; it’s a style of life that is unbeatable.

Ibiza has always had a strong market because of the exclusiveness and reliability of the properties. While real estate prices on this island still fluctuate, it attracts lots of homebuyers, especially foreign ones.

This guide will help you understand:

• Why You Should Invest in Ibiza
• How to Buy Property
• Considerations for Foreigners

Why Invest in Ibiza Property?

See why Ibiza is so sought-after:

Golden Visa Requirements

A €500,000 plus purchase of property in Ibiza qualifies you for Spain’s Golden Visa program, which offers residency and eases travel throughout the Schengen Zone. This appeals to international investors looking for both lifestyle benefits and smart investments.

Good Quality of Life

Living in Ibiza means living a life full of relaxation and energy. Half of the island offers fast-paced clubs and exciting nightlife, while the other half offers:

• A Slower Pace of Life
• Delicious Food
• Stunning Beaches
• A Strong Community Feeling

Lucrative Rental Market

Ibiza is one of the hotspots for luxury travel. All owners can gain regular income from giving rentals, especially in peak seasons when everyone seeks holiday rentals.

Affordable Pricing for Global Investors

Ibiza’s property market is more expensive than mainland Spain, but it still gives better value than other high-end markets in Europe, such as the South of France or Italy’s Amalfi Coast.

Long-Term Value Creation

Ibiza property always holds its value since the island is exclusive and small. In the long run, Ibiza properties appreciate very well, therefore making them good investments.

Can Foreigners Buy Property in Ibiza?

Yes, people from other countries are free to buy property in Ibiza with no restrictions at all. The Spanish government even encourages international buyers through special programs such as the Golden Visa. Foreigners do not need to live in Spain to buy property but they must fulfil some financial conditions, like getting a Spanish NIE – Foreigner’s Identification Number.

Ibiza property buying is even more appealing to foreigners because the process is quite straightforward, and you can enjoy a great lifestyle in Spain. Getting a mortgage or loan in Spain might require special attention, though, like dealing with local banks or lenders – something Upscore can help you with.

Foreign buyers usually hire professional real estate agents and legal counsellors to help them in every step of the transaction, starting from choosing a house to signing the purchase contract.

Searching for a House in Ibiza

From ultra-modern villas overlooking the sea to charming countryside estates, Ibiza has it all when it comes to real estate. Popular platforms for finding property in Ibiza include:

• Idealista

• Fotocasa

• Kyero

To feel more confident, many foreign buyers partner with reputable real estate agencies specialising in the Ibiza market. Such agencies offer access to properties that are not listed publicly and can help you view and purchase houses.

While the process is quite straightforward, it is highly recommended to visit the property personally. Ibiza’s diverse landscape means that the ambiance and setting of a property can vary significantly based on its location – be it a peaceful inland retreat or a vibrant beachfront villa.

Upscore’s Benefits

When it comes to financing your Ibiza property, Upscore’s Finance Passport brings unparalleled support to streamline your mortgage journey.

Many Lenders: Compare multiple mortgage deals from leading local lenders and choose the best one for you.

Remote Application: Apply for your mortgage online from anywhere across the globe, making it easy and hassle-free.

Personalised Service: Get personalised service from a home loan expert who will walk you through the process step by step.

Free to Use: Upscore makes it money from lenders, so you can use the service for free.

Financing your dream Ibiza home has never been easier or more accessible with Upscore’s platform.

FAQs

What is the Minimum Investment for the Spanish Golden Visa in Ibiza?

For the Spanish Golden Visa, you need to invest at least €500,000 in real estate. It would be either one property or a number of properties combined on the island.

Are There any Restrictions on Foreign Property Ownership in Ibiza?

No, there are no limits on foreign ownership. However, it is important to obtain a Spanish NIE and work with local lawyers in order to make the deal smooth.

What are Property Prices like in Ibiza?

Prices in Ibiza tend to vary significantly. Small apartments can sell for as low as about €250,000, while luxury villas could cost several million euros. In the best locations, the average price per square metre is between €4,000 and €8,000.

Is Letting out my Ibiza Property Permitted?

Yes, you can rent out property, and Ibiza has a strong tourism industry that makes it a good choice. However, you might need to get a rental licence for short-term vacation rentals.

How Long Does the Property Buying Process Take in Ibiza?

It’s normally a 6 to 12 week process from the first offer through the final transfer of the deed. It depends on things like financing and due diligence needs.