Question 1

Can foreigners buy property in Ibiza?

Accepted Answer

Yes, there are no restrictions on foreigners buying property in Spain. EU citizens can purchase freely, while non-EU buyers need an NIE (Número de Identificación de Extranjero). The process is straightforward with proper legal guidance. We work with English-speaking lawyers who specialize in international property transactions.

Question 2

What is the Golden Visa program for property buyers?

Accepted Answer

Spain's Golden Visa grants residency to non-EU nationals who invest €500,000 or more in Spanish real estate. Benefits include: residency for the investor and family, visa-free Schengen travel, no minimum stay requirement, path to permanent residency after 5 years, and potential citizenship after 10 years. Our fiscal advisory team can guide you through the entire process.

Question 3

What are the typical costs when buying property in Ibiza?

Accepted Answer

Budget approximately 10-13% on top of the purchase price for: Property Transfer Tax (ITP) at 8-11% for resales or 10% VAT for new builds, notary fees (0.5-1%), land registry fees (0.5-1%), and legal fees (1-1.5%). Annual costs include IBI property tax (0.4-1.1% of cadastral value), community fees for apartments, and wealth tax for high-value properties.

Question 4

Which areas of Ibiza have the best investment potential?

Accepted Answer

Prime investment areas include: Roca Llisa and Jesús for established luxury markets; San Antonio and Cala Conta for sea views and privacy; Santa Eulalia and San Miguel for character properties with strong rental demand; Ibiza Town Old Town for renovation projects; and emerging areas like Es Figueral and San Carlos for value appreciation. Our team provides detailed market analysis for each area.

Question 5

Can I rent out my Ibiza property when not using it?

Accepted Answer

Yes, but you need a tourist rental license (ETV - Estancia Turística en Viviendas). Regulations vary by municipality and property type. Villas in rural areas generally have easier licensing than apartments in Ibiza Town. Rental income is taxable in Spain. Our team can advise on license availability before purchase and manage rentals through Azul Stays.

Question 6

How long does the property buying process take in Ibiza?

Accepted Answer

Typically 6-12 weeks from accepted offer to completion. The process includes: offer and reservation (1 week), due diligence and contract preparation (2-4 weeks), signing the private purchase contract with 10% deposit (1 week), and completion at the notary with balance payment (4-6 weeks). Cash purchases can be faster; mortgage financing may add 2-4 weeks.

Luxury Real Estate & Property for Sale in Ibiza | Balearic Blue - Your Island Legacy

The Prime Market

Our Services

Property Search

Sales & Marketing

Property Management

Investment Advisory

Featured Estates

Penthouse in Son Espanyolet

Town House in Son Espanyolet

Penthouse in Cas Català

Mediterranean Villa in Gènova

Town House in Ibiza Town Center

Villa in Ibiza Town

Luxury Villa in Gènova

Historic Country Estate in Selva

Apartment in San Antonio

Meet Our Team

Maria Erenius

Ulrika von Eiberg

Property Investment FAQ

Private Advisory

We use cookies