48% of homeowners in Ibiza and Formentera are foreign nationals.

The residential market in Ibiza and Formentera is undergoing a profound and sustained change. Official data from the Real Estate Cadastre of 2025 confirm that home ownership is increasingly concentrated in foreign hands, both individuals and companies, to the point of structurally altering access to housing on both islands.

If only natural persons are analyzed, one out of every five property owners is foreign. Of the 52,765 residential property owners registered in Ibiza and Formentera, 10,502 are not Spanish nationals, which represents 19.9% of the total, according to Noudiari based on this report.

• Ibiza and Formentera, together with the rest of the Balearic Islands, lead in the purchase of homes by foreigners.

The presence of foreigners varies by municipality: it ranges from 12.26% in the city of Ibiza and almost 30% in Santa Eulària and Sant Joan, to 24.36% in Sant Josep and 20.25% in Formentera.

The scenario is completely transformed when the analysis is extended beyond individual owners and incorporates corporations and other legal entities. Under this approach, foreign ownership reaches 48% of the total: 23,347 of the 52,765 residential owners.

Santa Eulària and Sant Joan lead the ranking, with close to 70% of foreign owners, followed by Sant Josep (57.16%) and Formentera (52.38%), while Ibiza capital and Sant Antoni exceed 30%.

• Green light from the Govern to a key extension for young people to buy a home in Ibiza

These data are consistent with recent statistics on real estate sales and purchases, which place the Balearic Islands among the provinces with the greatest weight of foreign buyers in 2025. The Cadastre allows us to verify that this presence is not limited to recent operations, but is reflected in a cumulative way in the current structure of residential property in Ibiza and Formentera.

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