Ibiza Property For Sale
The nearest of the three Balearic Islands to the Spanish mainland, Ibiza remained almost unknown to tourism until the 1960s. Measuring just 14km wide and 42km long, it has 72 beaches, a wealth of cultural and historic diversions, superb restaurants offering both traditional Ibicenco cuising and international fare, and diverse leisure facilities. While it is well-known as a clubber’s paradise, this holds true only in the main urbanisations such as Calle de la Virgin and San Antonio; much of the island retains its old charm, with the northern countryside in particular a patchwork of fruit trees, wooded hills and small rural villages with attractive Ibiza properties for sale.
Though it remains popular with package holidaymakers, Ibiza has started to go a bit more upmarket. Many new build developments are tapping into the recent lethargy of the mainland property market and the discovery of Ibiza by tourists who are eager to find a good mixture of old world charm and the convenience of modern living. There is Ibiza property that caters for all budgets, from small studio apartments nearer the cosmopolitan hustle and bustle of the main towns to expensive villas that offer peaceful solitude, with exciting nightlife on such a small island just a short drive away.
In recent years, Ibiza property has enjoyed an annual capital appreciation of between 15 and 40%, making it an excellent investment. Major tourism makes renting out your Ibiza property lucrative as more and more Europeans discover its charms. San Antonio, despite its reputation, is actually a nice mix of tourist areas and local shops, bars and restaurants. Prices for apartments in the towns start at around 100,000 EUR, villas from around 250,000 EUR.
With many new infrastructures being put in place, the island is becoming ever more attractive to permanent and holiday home buyers looking for Ibiza property. These include a motorway between San Antonio and Eivissa, golf courses and two large marinas. A strengthening demand for short-let apartments for the summer season means prices for suitable, hard-wearing Ibiza properties for sale in popular areas have risen faster than the average.
Guide to the Spanish Buying Process
1. Putting down a Holding Deposit
On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner. This part of the process is not binding. We would recommend using an independent English speaking legal advisor. Once a purchase price has been agreed, normally a holding or reserve deposit will be required to ensure the property is removed from the market. The sum required will vary between properties and will be based on the purchase price. A time limit for the preagreement to be signed will be arranged and there will also be legal checks to be made.
2. Setting up a Pre-agreement (Contrato privado de compraventa)
The pre-agreement will set out the conditions under which the Buyer and Seller agree to complete the purchase of the property and the price they have agreed upon. Relevant details will generally be included for example the property details, purchase price and the date for completion. A deposit will be required at this point, this will vary, but will generally be 10% of the agreed price. This agreement will include a penal clause if the sale does not go through. If the seller pulls out of the sale your compensation will be double the deposit you have paid, but if you decide not to go through with the sale then your deposit will be lost. Certain checks will need to be made before signing the contract, checks should be made against the title of the property, mortgage status and if the property has any debts held against it. The planning status should also be looked into. These conditions can be varied by the seller and the buyer and other types of agreement can be made.
3. The Contract (Escritura de compraventa)
Before a non-Spanish purchaser can buy a Spanish property they will need to have set up a Spanish bank account and obtained a Spanish tax number (NIE). The completion will take place in the presence of a Notary Public. This is a Spanish public official, by law the deed of sale must be witnessed by a Notary Public. You will also need your own independent, expert legal advisor to act on your behalf. On Completion the buyer must pay the balance, that is the price agreed after the deposit has been deducted, plus any other fees on the completion date. Both buyer and seller must sign the Escritura de compraventa contract, (this is the Spanish equivalent of the title deeds). The title deeds (escritura) will be given to the buyer, this will be done in the presence of a Notary Public, they will certify that the transfer has taken place. The tax office will be sent a copy and the property registry will be informed of the transfer.
IMPORTANT - Disclaimer :
All information provided is believed to be current and provided free of charge. No liability can be accepted for the reliability of the information and statements made as this is obtained from 3rd parties. We always recommend you take legal advice from a fully qualified Lawyer or Notary before buying a property overseas.
PRICE REDUCED - Villa with a living area of 322m2, situated within the lovely village of San Jose, just a 2 minute drive from the church, nestle in a large plot of 3,795m2 with lovely countryside view...
- Floor Size: 322 square metres
- Plot Size: 3,795 square metres (0.38 hectares / 0.94 acres)
- Bedrooms: 4
Enjoying breathtaking sea views and direct access to a secluded cove, is this ultra modern 3 storey, 5 bedroom luxury villa with garden and amazing infinity pool, ideally located near the beach and al...
- Floor Size: 450 square metres
- Plot Size: 700 square metres (0.07 hectares / 0.17 acres)
- Bedrooms: 5
Charming and authentic 200 year old South facing finca with a total living area of 210m2, set within a large beautiful plot of 80,000m2 with a swimming pool, ideally located in a quiet setting near Sa...
- Floor Size: 210 square metres
- Plot Size: 80,000 square metres (8.00 hectares / 19.77 acres)
- Bedrooms: 4
Nestling in 2.5 acres of glorious landscaped gardens with pool, is this beautifully refurbished luxury 6 bedroom villa enjoying breathtaking sea views from its prestigious elevated location near all a...
- Floor Size: 584 square metres
- Plot Size: 10,000 square metres (1.00 hectares / 2.47 acres)
- Bedrooms: 6
Brand new and stylish luxury villa in Roca Llisa with swimming pool, separate guest accommodation and fabulous sea and hill views. The generous 825m2 villa is constructed in two levels and sit...
- Floor Size: 825 square metres
- Plot Size: 1,952 square metres (0.20 hectares / 0.48 acres)
- Bedrooms: 6
Generous family villa near to Jesus in Ibiza with lovely views to Dalt Vila - the old town of Ibiza. The house has a living area of 276m2 and sits in a mature plot of half an acre and comes w...
- Floor Size: 276 square metres
- Plot Size: 2,000 square metres (0.20 hectares / 0.49 acres)
- Bedrooms: 4
Charming 3 bedroom villa, with a beautifully decorated and well maintained living area of 186m2, set within a quiet setting on an easy to maintain plot of 630m2 with a swimming pool and lovely country...
- Floor Size: 186 square metres
- Plot Size: 630 square metres (0.06 hectares / 0.16 acres)
- Bedrooms: 3
Modern and spacious 4 bedroom villa, with the added advantage of having a touristic license, set within a mature plot of 3,000m2 with a swimming pool and lovely views, situated in a quiet countryside ...
- Floor Size: 184 square metres
- Plot Size: 3,000 square metres (0.30 hectares / 0.74 acres)
- Bedrooms: 4
Unique opportunity to acquire a plot of land of 1,104m2 to build a luxury project of a 3 storey, 6 bedroom villa with infinity pool, enjoying panoramic sea views from its prestigious location in the p...
- Floor Size: 512 square metres
- Plot Size: 1,104 square metres (0.11 hectares / 0.27 acres)
- Bedrooms: 6
Outstanding, luxurious new 5 bedroom villa with glorious landscaped garden and amazing infinity pool, enjoying panoramic views across the golf course from its exclusive, elevated and private location ...
- Floor Size: 475 square metres
- Plot Size: 1,698 square metres (0.17 hectares / 0.42 acres)
- Bedrooms: 5