The Ibiza real estate market has experienced significant price growth in recent years, driven by strong international demand, tourism, limited availability of buildable land, and strict urban planning regulations.
In 2025, this upward trend has not stopped, although there are now signs of moderation.
Below, we analyze the most up-to-date data, trends, key factors, and what to expect if you’re considering buying or investing in Ibiza.
Recent Data
Here are some of the most relevant figures on housing prices in Ibiza and the Balearic Islands:
| Indicator | Current Value / Variation |
|---|---|
| Average property price in Ibiza (municipality) | ~ €6,798.53/m² in 2025 – Engel & Völkers |
| Year-on-year increase in Ibiza housing prices | +6.8% compared to the previous year – Engel & Völkers |
| Average apartment price (sale) in Eivissa | ~ €6,879/m² in August 2025 – Idealista |
| Monthly variation (July → August 2025) | +1.5% – Idealista |
| Price increases: houses vs apartments | Over the past 4 years: Houses +21.6%, Apartments +25.7% in zone 07800 (Eivissa) – RealAdvisor |
| Average prices by property type (2024) | Luxury villas: ~€10,212/m²; fincas at premium prices; houses and apartments at lower ranges. Island average: €7,333/m² – Ibiza Prestige Properties |
Observed Trends
1. Steady growth, but at a slower pace
Prices continue to rise year after year, but the rate of increase is moderating compared to the sharp peaks of the last two years.
- Example: +6.8% growth for the municipality of Ibiza between 2024 and 2025, compared to higher increases in previous years.
2. Apartments increasing faster than houses
In certain areas, such as Eivissa, apartment prices have grown at a higher percentage rate than houses in recent years.
- This may be due to mid-range buyers seeking smaller properties with lower maintenance needs or looking for investment opportunities.
3. Premium areas see the highest growth
Highly sought-after locations — such as seafront properties, Talamanca, Marina Botafoch, etc. — have price levels per m² far above the average, which drives up the overall market average.
- Luxury villas and fincas show the highest absolute price increases.
4. Limited supply keeps prices high
The scarcity of buildable land, strict urban regulations, and high construction costs mean that supply cannot always keep up with demand, supporting continued price increases.
Key Factors Driving the Market
Several factors explain why Ibiza housing prices remain high:
- Strong international demand, with foreign buyers seeking second homes or investment properties.
- Booming tourism, making vacation rentals highly attractive and profitable.
- Strict urban and environmental regulations that limit new construction projects.
- Rising costs of materials and labor, making development more expensive.
- Currency exchange rates and economic strength in buyer countries, which can make Ibiza more affordable for certain foreign buyers.
Possible Scenarios for Late 2025 and Early 2026
Based on current data and trends, here’s what we can expect:
- Continued price growth, but at a slower, more sustainable pace compared to years of higher speculation.
- Likely 5%–8% annual growth in high-demand municipalities, slightly lower in inland or less touristy areas.
- Stronger demand for mid-sized homes and apartments, as luxury villas remain out of reach for most buyers due to their high cost.
- New supply will focus more on properties with tourist licenses or on renovation of traditional fincas, since starting new builds from scratch is highly restrictive and costly.
- Proximity to services, beaches, and good infrastructure will continue to be decisive factors that increase a property’s premium value.
Conclusion
Housing in Ibiza remains among the most expensive in Spain, with price levels well above other parts of the Balearic Islands and the mainland.
In 2025, while price increases remain evident, there are signs of slight moderation compared to the frenzied pace of previous years.
If you are thinking about buying, it’s important to:
- Clearly define which area you are interested in (premium vs. non-premium).
- Evaluate whether your property could generate rental income, especially through vacation rentals.
- Prepare your budget carefully, taking into account additional costs such as taxes, maintenance, and possible renovations.