Analysis of the real estate market in Ibiza, one of the most exclusive destinations in the Mediterranean. With a limited supply of properties for sale and rent, prices per square meter continue to rise. The high demand from international buyers, permanent residents, and high-net-worth tourists has made Ibiza one of the most expensive places in Spain to invest in real estate.
Ibiza, globally known for its exclusive lifestyle, vibrant nightlife, and stunning natural landscapes, has established itself as one of the most sought-after destinations in the Mediterranean. This is clearly reflected in its real estate market, which has experienced a boom in recent years due to the growing interest from international buyers, permanent residents, and high-net-worth tourists. The island, as a whole, has seen a steady increase in prices per square meter, making it one of the most expensive places in Spain to buy property. However, the scarcity of properties available for sale and rent has made market access increasingly competitive, further driving up prices.
When comparing prices per square meter in Ibiza with those in major Spanish cities such as Madrid, Barcelona, Palma de Mallorca, or Valencia, a noticeable difference is evident. While Madrid and Barcelona remain the cities with the highest prices, Ibiza has positioned itself as one of the most exclusive destinations, with prices surpassing those of other Spanish tourist cities. Areas close to the sea, luxury properties, and the most exclusive locations command the highest values, making Ibiza a highly competitive real estate market.
This article is based on data provided by CASAFARI, a platform specializing in real estate market analysis, which gathers accurate information on prices, trends, and real estate market behavior in Spain. Through the analyzed data, we offer a detailed view of how average asking prices per square meter in Ibiza vary across the island's most relevant areas. The presented data does not include newly built homes.
Segmentation of Ibiza by Areas:
Ibiza is characterized by the diversity of its areas, offering different lifestyles, from exclusive and luxurious coastal regions to more tranquil and rural areas. Below, the main areas of Ibiza are segmented according to their relevance in the real estate market, analyzing how the average asking prices per square meter vary in each of them.
1. Ibiza City and Surroundings
Ibiza City, the island's capital, is the nerve center of the island’s social, cultural, and commercial life. With its old town, Dalt Vila, and the harbor, this area has become a highly attractive destination for both residents and high-net-worth tourists. The Ibiza harbor is a key point, offering restaurants, bars, luxury boutiques, and yachts, which significantly increases property values in the area.
Properties closest to the harbor and those with sea views have high demand, raising the price per square meter. Additionally, homes located in the old town, especially those in restored historical buildings, tend to command very high prices due to their privileged location and architectural value. Urban life in a privileged natural setting, combined with maritime and air connections, makes this area one of the most expensive on the island. Prices in Ibiza City are usually among the highest, especially in areas near the sea and in the old town.
Within this area, Talamanca is one of the most prominent neighborhoods, known for its tranquil beach and proximity to the city center. Despite being a somewhat more relaxed area than the bustling harbor, Talamanca has seen a rise in demand, particularly due to its combination of urban life and closeness to the sea. Properties in this area, especially those offering sea views or direct beach access, tend to have high prices. The area with the highest average asking prices per square meter in this region is Cap Martinet, which is considered the most exclusive enclave, featuring luxury villas and panoramic sea views.
(Source: CASAFARI).
Average asking prices per m²:
Cap Martinet €9,051
Dalt Vila - La Marina €7,327
Los Molinos €6,505
Figueretes - Platja d'En Bossa €6,423
San Rafael €5,726
Centro - S'Eixample - Can Misses €5,652
2. South Ibiza Area: Exclusivity and Luxury
The southern area of Ibiza is undoubtedly the most exclusive part of the island. In areas like Sant Josep de sa Talaia (San José), particularly on beaches such as Cala Jondal, Es Cubells, and Cala d’Hort, you will find some of the most luxurious and sought-after properties on the island. These areas are known for their luxury villas, many of which offer panoramic sea views and are surrounded by stunning natural landscapes. The proximity to some of Ibiza's most famous beaches and the privacy these properties offer, combined with their exclusivity, make the prices very high.
In addition to luxury properties, the southern area is also highly appreciated for its tranquil atmosphere and its distance from the island's tourist hustle and bustle. Although it is a sought-after area for high-net-worth tourists during the summer season, it also attracts those looking for a more relaxed and private lifestyle, especially in luxury villas. The average asking price per square meter in the southern area is the highest on the island and continues to rise due to the ongoing demand for such properties.
(Source: CASAFARI).
Average asking prices per m²:
Cala Jondal €14,085
Cala Carbó €11,283
Cala d Hort €10,077
Sa Caleta €10,000
3. East Zone: Tranquility and Natural Beauty
The eastern area of Ibiza, particularly the municipality of Santa Eulària des Riu, is known for its peaceful atmosphere and natural beauty. This area has gained popularity among those looking to escape the hustle and bustle of the more touristy zones of the island, while still enjoying proximity to the sea and quality services. The eastern coast offers some of the most picturesque beaches, such as Cala Llonga and Cala Nova, attracting a clientele of buyers who prefer a relaxed environment.
Santa Eulària has seen growth in the number of luxury properties in recent years, especially in areas close to the sea or with panoramic views. Although the price per square meter in this area does not reach the highest levels on the island, it remains considerably high compared to other areas of Spain, making it an attractive zone for investors seeking quality properties at a relatively lower price than in other more exclusive areas of the island. The average asking price per square meter in Santa Eulària has increased in recent years due to rising demand.
(Source: CASAFARI).
Average asking prices per m²:
Roca Llisa €7,201
Can Furnet €7,030
Santa Eulalia del Río €6,929
Nuestra Señora de Jesus €6,666
Cala Llonga €6,449
Es Canar €6,087
Siesta €5,829
4. West Zone: The Magic of Sunsets and the Relaxed Lifestyle
The western area of Ibiza, particularly San Antonio (Sant Antoni de Portmany), is world-renowned for its stunning sunsets. San Antonio has traditionally been a very popular tourist destination, especially among young people, due to its nightlife offerings. However, in recent years, it has undergone a transformation toward a more luxury-oriented market, with an increase in high-end properties in coastal areas such as Cala Salada and Cap Negret.
Prices in the west zone vary significantly depending on proximity to the coast and the exclusivity of the properties. Luxury villas and waterfront apartments in San Antonio and its surroundings have seen a considerable rise in value, as many high-net-worth buyers seek the tranquility of the area combined with easy access to the social life the city offers. Property prices in the west zone have been increasing as more luxury buyers opt to invest in this part of the island.
(Source: CASAFARI).
Average asking prices per m²:
Cala Vadella €7,447
Buscastell €7,082
Cala Tarida €6,682
Cala Conta €6,133
San Antonio €5,863
Port des Torrent €5,267
5. Central-North Zone: Nature, Tranquility, and Exclusivity
The central-north area of Ibiza is known for its more relaxed and rural atmosphere. In places like Sant Joan de Labritja, you can find some of the most exclusive properties on the island, in areas such as Portinatx or Aguas Blancas beach, which stand out for their breathtaking views and privacy. This area has seen an increase in property demand in recent years, particularly among those looking to escape the hustle and bustle and live in close contact with nature.
Santa Gertrudis, located in the center of the island, is one of the most coveted towns in this area. With its authentic and picturesque charm, Santa Gertrudis has become a luxury enclave, where the price per square meter is among the highest in the northern part of the island. This small, charming village, known for its traditional architecture and offering exclusive restaurants and shops, has seen a notable increase in demand for properties, partly due to the international school, which has made it one of the most expensive areas in Ibiza. Santa Gertrudis has the highest average price per square meter in the central-north area of the island, reflecting its growing popularity among residents and buyers looking for a property in one of Ibiza's most exclusive areas.
Despite being a less developed area compared to other parts of the island, the central-north of Ibiza offers a unique experience with properties surrounded by mountains, forests, and tranquil coves. Prices in this area have experienced steady growth, driven by the increasing demand for luxury properties in this idyllic setting.
(Source: CASAFARI).
Average asking prices per m²:
Santa Gertrudis €11,771
San Lorenzo €8,739
Sant Joan de Labritja €6,388
San Vicente €4,785
Portinatx €4,685
San Miguel €4,085
Conclusion
The Ibiza real estate market remains one of the most exclusive and sought-after in Spain, with prices reflecting the island's unique appeal and the quality of life it offers. The island's most relevant areas, from the vibrant Ibiza City to the quieter and more exclusive zones in the south and north, feature prices that vary significantly depending on location, views, and type of property.
Note:
This article was written with the support of artificial intelligence (AI), which facilitated the creation of accurate and well-structured content. We appreciate your readership and remain committed to providing relevant information using innovative technologies.