Your Complete Guide to Buying Property in Ibiza
Whether you're taking your first steps or ready to make an offer, this guide covers everything you need to know - from finding the right property to signing at the notary. Our team is here to make the process as smooth and straightforward as possible.
THE QUICK VERSION
How Buying Property in Ibiza Works - At a Glance
Find Your Property
Browse our portfolio, tell us what you're looking for, and we'll arrange viewings to coincide with your time on the island.
Get an Independent Valuation
Our in-house ABAI-certified assessor provides a free valuation confirming the asking price reflects genuine market value - giving both parties clarity from the outset.
Make an Offer
Once your offer is accepted, a 10% deposit is paid and secured through a Compra-Venta contract, held by both parties' lawyers until completion.
Legal Due Diligence
We strongly recommend appointing an independent Spanish lawyer to verify the title, check for outstanding debts, and confirm planning permissions are in order.
Sign & Complete
All parties attend the notary to sign the deeds and exchange keys. Our team will be there with you every step of the way.
After Sales
Once the keys are yours, we don't disappear. Our team remains on hand to help you settle in, from connecting utilities to pointing you towards trusted local services.
The Complete Guide to Buying Property in Ibiza
Making the Decision
Buying property in Ibiza is more achievable than many people realise – and with the right guidance, far simpler than buying abroad has a reputation for being. Before you begin your search in earnest, it’s worth getting clear on a few fundamentals: why do you want to buy in Ibiza? Are you looking for a holiday home, a permanent residence, a buy-to-let investment, or a combination? How much can you realistically afford, factoring in purchase costs on top of the asking price? What size, style, and location suits your needs? The more clarity you have at the start, the more focused and efficient your search will be.
Choosing the Right Area
Ibiza is not one market – it’s a collection of distinct communities, each with its own character and price point. Sant Josep offers prestige and privacy in the south-west. Santa Eulalia is Ibiza’s most family-friendly area with a strong year-round community. Ibiza Town combines urban energy with island soul. The north offers rural space and exceptional value. Our advisors know every corner of the island and can help match you to the right area for your lifestyle and budget. Read our full area guide for more detail.
Planning Your Finance
Before making any offer, get your finances in order. On top of the agreed purchase price, budget approximately 10–13% for acquisition costs – including transfer tax (ITP), notary fees, land registry fees, and legal costs. New build properties attract VAT at 10% plus stamp duty at 1.5% instead of ITP. If you require a mortgage, note that Spanish lenders typically offer non-residents up to 60–70% of the property’s appraised value. For currency exchange, we recommend speaking to an independent currency specialist – the rate you secure can make a meaningful difference to your total cost.
Legal Checks – What to Verify
This is the most important stage of any purchase and should never be rushed. Key checks include: verifying the seller is the registered owner at the Land Registry; confirming the property description matches what is physically there, including built area, pool, and outbuildings; checking the cadastre independently, as it often differs from the Land Registry; confirming any new build has final certificates and a council occupancy licence; verifying community fees and local taxes are paid up to date; and understanding all costs and taxes the purchase will involve. Appointing an independent Spanish lawyer – one with no connection to the selling party – is essential.
Buy-to-Let Considerations
Ibiza’s rental market is strong but tightly regulated. Tourist rental licences are limited and not automatically transferable – always verify the licence status of any property you intend to let before purchasing. Coastal and beach-adjacent properties tend to command stronger short-term yields, while inland properties offer lower but more consistent year-round returns. Our advisors can talk you through the rental landscape in detail.
