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What you need to know to buy a property in Ibiza in 2021

Real estate investment Ibiza 2021

Property price forecasts, types of mortgages, costs and taxes when buying a property, necessary paperwork and documentation, reasons for buying a house in Ibiza, ... We provide answers to these and other questions that may arise in 2021.

As we have discussed in previous posts, buying properties continues to attract interest from both investors and new owners. Although 2021 has started with a rebound in the coronavirus and various health measures, property investment is expected to continue to rise this year.

When buying a property many doubts can arise: what is expected to happen with prices in the future? What expenses or taxes do I have to pay when I want to buy a house in Ibiza? What other administrative operations do I have to take into account? Is it worth a mortgage at this time?

From our real estate agency we will try to shed light on these issues.

Housing prices in Ibiza in 2021: forecasts

Although the future of the real estate market (like any other) is inevitably linked to the evolution of the coronavirus pandemic, the data provided by the experts give glimpses of hope..

Especially in the new-build sector, where prices are expected to remain stable or even rise. As Mikel Echavarren, CEO of the Colliers consultancy firm, comments: "new-build housing is not going to fall in price (...). Its better qualities, the possibility of structuring the purchase over several years and its better financing will allow current price levels to be maintained".

This opinion is shared by other sector experts such as Sandra Daza (managing director of Gesvalt), Daniel Cuervo (managing director of the builders' association APCE) or Gonzalo Bernardos (professor of Economics at the University of Barcelona and real estate analyst).

FIXED OR VARIABLE MORTGAGE?

You may be wondering if when buying a house in Ibiza in 2021 a fixed rate mortgage or a variable rate mortgage is more convenient for you, taking into account the levels at which the Euribor is moving.

The truth is that this indicator, which is the benchmark for most mortgages in Spain, has settled at -0.5%. However, there is no perfect mortgage and the choice between a fixed or variable rate will depend on the buyer's financial situation.

As there are so many options, from our real estate agency we recommend to have as much information as possible before making any decision. Contact our real estate agents in Ibiza for personalised advice.

Considering to invest in Ibiza?

Our high standing real estate agency has a complete catalogue of exclusive properties. Find your next investment opportunity clicking here.

Expenses derived from the purchase of a property in Ibiza

The legislation regarding the purchase and sale of property in Spain has been modified over the years, especially since 2012. Nowadays, there are several costs derived from the acquisition of a property: taxes, capital gains, management fees, ...

If you are thinking of buying a house in Ibiza in 2021 be sure to visit the following article of our blog, where we try to give the most complete answer to the following question:

What are the costs of buying a house in Ibiza?

Procedures for buying a house in ibiza in 2021

Simple notes, certificates of occupancy or first occupation licenses, certificates of completion, of no urban development infringement or of free of debts with the tax authorities, the town hall and the community of owners, ...

The amount of documentation and paperwork required to buy a house in Ibiza in 2021 can be really overwhelming.

The amount of documentation and paperwork required to buy a house in Ibiza in 2021 can be really overwhelming. Especially when it comes to the legal aspect rather than the economic aspect.

Don't miss this report published at idealista. You can learn about the most common procedures and documents. And for a much more focused view of the Ibiza property market, write us an email at This email address is being protected from spambots. You need JavaScript enabled to view it.!

Reasons to buy a house in Ibiza in 2021

Ibiza is one of the cities where experts recommend investing in housing this 2021. The high levels of demand and the limited supply found on the island, as well as the price forecast and the degree of security of the investment are some of the reasons to buy a house in Ibiza in 2021.

At Ibiza Country Villas we are sure that in our portfolio of villas, houses and flats you will find the perfect property for you, whether you are looking for the perfect destination for your second home or if you are considering a property investment.

Take a look at this link: propiedades en venta en Ibiza.

Get in touch with our Real Estate Agency

Phone: :+34 971 339 307
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