CASAFARI has recently published its Ibiza Q3 2018 Market Report, which you can have a read of here. We have compiled data from the areas of Ibiza and Formentera to create a clear overview of price and property listings. Use our findings to stay up to date with the market and be informed on the best property deals.
Ibiza attracts worldwide attention for its stunning vistas, lively nightlife and golden beaches. As well as picture-perfect nature, this Balearic island offers a vibrant sense of community that appeals to second home owners from all over the world.
The first of its kind for Ibiza, this market report covers six parishes and more than 41,500 listings from 101 public sources; by publishing more CASAFARI reports in the future, we will be able to show you trends and comparisons that will serve as an excellent tool for you to understand the property market.
Santa Eularia is the most active area with 581 properties for sale, closely followed by Sant Josep and Ibiza Town with over 400 listings each. The vast majority of properties on sale in Ibiza are houses which is not surprising given the history of traditional villa constructions on the island, though there are over 700 apartments listed which could appeal to those with a lower budget still wanting to take advantage of Ibiza for an idyllic getaway.
The island of Formentera has the least active properties with just 28, but is by far the most expensive area with an average asking price of €9,588 per square metre. Here, the stunning sea views combined with luxury villas and impressive country houses are what raise the price; in contrast, Sant Antoni, the hub of high season holidaymakers flock to the area’s vibrant bar and restaurant scene, offers the lowest figure at €5,189 per square metre.
Take a look at our detailed area guides for all you need to know about lifestyle and property in Ibiza. By following future CASAFARI Ibiza market report data, you will able to see a comprehensive view of the long term market changes and trends this area.
Read the full Ibiza Q3 market report here.
Photo by Michaela Simoncini via Flickr
