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How much are you looking to spend? Which location fits your lifestyle? How will you use the property? These are the most important questions when starting your property search on the island. Maybe, you are not led by the funds but just want to spend enough to secure the most beautiful spot to spend precious time with your family and friends. Another thing to consider when choosing your location is your preferred lifestyle.
Going to a beach club up North will give you a totally different experience vs. visiting in the South. The same goes for sports, family time and restaurants... And, another thing... are you a fan of sunsets or sunrises? Surely, this will affect your choice of location.
This guide dives into these three essential questions, helping you make an informed choice and find the Ibiza property that truly matches your vision.
How much are you looking to spend?
Buying a property in Ibiza is more than just the sales price—you’ll need to factor in an additional 10-14% for taxes, notary fees, and legal costs. For example, a €900,000 apartment will cost around €84,000 extra, while a €4,000,000 villa may add €515,000 including lawyer fees. Beyond the initial investment, owning a property involves maintenance, services, and taxes, which vary based on usage. Financing options are available, with mortgage rates currently between 3-3.5% for non-residents, who can typically secure loans up to 60-70% of the property value. The market remains competitive, with rustic properties selling fast and modern homes offering potential value for savvy buyers.
Which location fits your lifestyle?
If you’re thinking of buying property in Ibiza, the biggest advice is to visit the island for a few days and explore each municipality. Spend time in local bars, restaurants, and beaches to feel the unique vibe of each area. Even though Ibiza is a small island, every corner offers a completely different lifestyle , and you’ll want to choose a location that feels right for you.
To help you get started, I’ve put together a summary of Ibiza’s five hyperlocal markets, covering their lifestyle and what you can expect to pay.
How will you use the property?
When considering property in Ibiza, it’s essential to clarify your goals: will it be a second home for personal use, or are you planning to rent it out? Your answer will guide your choices regarding property type, location, and management needs. Key questions to ask yourself include: Do I want the best investment value or is it more important to find something that is 100% up to your liking? Am I looking for turn-key or open for works/improvements?
These considerations will help shape your search and determine whether you’re maximizing financial returns or creating a personal retreat.
From renting out to property development, each option offers unique opportunities and challenges.
