Ibiza is among the enclaves with the highest prices in the luxury real estate market in Spain, in a context in which the Balearic Islands and the Costa del Sol concentrate 40% of the interest for the purchase of this type of property, with average prices of around four million euros.
According to data provided by the specialized real estate company Walter Haus, both the Balearic archipelago and the Andalusian coast have registered operations that have exceeded 20 million euros, driven by international demand with high purchasing power.
Together with Ibiza, Palma and the port of Andratx are among the most exclusive locations in the Balearic Islands, while in Andalusia, enclaves such as Marbella, Estepona or Benahavis stand out. In all these locations, prices can reach or even exceed 15,000 euros per square meter in the luxury housing segment.
Madrid, Barcelona and the Costa Brava concentrate close to 50% of the buyer interest, with prices ranging between two and four million euros, although some operations exceed ten million. In these large cities, demand remains stable and prices in the prime market exceed 10,000 euros per square meter.
The remaining 10% of the interest is distributed between the Valencian coast and the Cantabrian coast, where transactions have an average value of between one and three million euros.
Nationally, Walter Haus has detected a 30% year-on-year growth in interest from buyers from Europe, Latin America and the Middle East. In the case of the Balearic Islands and Ibiza in particular, this international profile is mainly looking for “unique properties”, either in front of the sea or in exclusive residential complexes, which continues to push up prices in the most sought-after enclaves.
