HOUSING

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

The archipelago registers 38% of sales made by foreign citizens and is among the most expensive regions in the country, with prices exceeding 2,400 €/m² for individuals and reaching 3,137 €/m² in business operations.
Nuevas viviendas de lujo en Ibiza generan preocupación por la construcción y las numerosas piscinas en medio de la sequía. (Foto: web John Taylor)

Ibiza and Formentera, together with the rest of the Balearic Islands, continue to consolidate their position as one of the main real estate hotspots for foreign nationals. According to data released this Thursday by the General Council of Notaries, corresponding to the period 2007-2025, the archipelago leads, along with other coastal areas, the participation of foreign buyers in the sale and purchase of housing, with 38% of the total.

The report also places the Balearic Islands among the territories with the highest transaction prices, whether carried out by individuals or legal entities. In the latter case, transactions carried out by companies reached an average price of 3,137 euros per square meter, the highest in the country.

In the private buyer segment, the Balearic Islands appears together with the Basque Country as the most expensive region, with an average price of 2,484 euros/m², a figure that evidences the strong increase in the price of housing in the archipelago and its status as a high demand market.

By type of buyer, 86% of the sales registered between 2007 and 2025 were made by individuals, while the remaining 14% corresponded to legal entities, a distribution that reflects the preponderance of private buyers in the Spanish real estate market.

In the specific case of transactions carried out by companies, the study shows that 9% corresponded to foreign companies, compared to 91% of national origin. This data confirms that the international presence also extends to the corporate sphere, although with a much lower weight than in the case of individual buyers.

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Automatic Translation Notice: This text has been automatically translated from Spanish. It may contain inaccuracies or misinterpretations. We appreciate your understanding and invite you to consult the original version for greater accuracy.

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