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Ibiza


Spain - Balearic Islands

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Ibiza - Balearic Islands

Ibiza (Eivissa in Catalan) is particularly famous for its all day long attractions and for its bustling nightlife (trendy nightclubs, upscale restaurants but also night markets, outdoor cultural activities, shows, concerts...). Thousands of young people come to Ibiza every year to discover the latest musical trends and dance at any time.On this 40-kilometer island, all the natural elements are gathered to seduce : crystal-clear waters, peaceful landscapes and a sunny weather throughout the year. The beaches and coves rival any in the world for beauty and grandeur as well as the landscapes of the hinterland. However, Ibiza is much more than sun and sea. The hinterland has a richness of sites which are worth discovering. Indeed, Ibiza was a crossing point for numerous civilizations which built marvellous areas such as the Phoenician site of Sa Caleta or the Necropolis of Puig des Molins. The island can easily be reachable by plane as the airport is situated a few kilometers away from Elvissa and is served by regular flights from the other Balearic Islands, from the Iberian Peninsula and from several European capitals.Discover this UNESCO-classified destination which will seduce any tourist thanks to its very own magic.

Market overview

Les three main islands of the archipelago seduce even more buyers every year. Like in Spain, the Balearic real estate market has suffered from the international financial crisis. Prices were particularly cheap, even for luxury properties. Nowadays, the market is gaining strength and this is the perfect time to invest as the islands have a nice real estate offer in terms of upscale villas.

Buying basics

Regarding the property purchasing process, the promise of sale is signed between a buyer and a vendor. an itemized list is attached to the promise of sale. This is a document of related transaction costs such as legal fee, property transfer tax, registration duty, notary fee and real estate agent's fee. Then, the buyer usually places a deposit of 10% of the property price on Notary account in order to guaranty the buyer's commitment. For the following step, the Notary must collect various documents such as the entitlement of the parties, the mortgage situation and even the property verification. He will draw up the deeds, the tax due and the registration of the names of the new owners in the Spanish property register and tax register. On completion of the sale of the real estate, the title deeds are registered with local land registry enabling the title to transfer to the new owner.
Before any purchase, it is encouraged to contact a professional of the real-estate market in the area to know the different steps of the buying process.

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Balearic Islands
Discover Hotspots in Balearic Islands

The Balearic Islands is an archipelago in the Mediterranean see situated on the East side of Spain. There are eleven small islands and four main islands, which are Mallorca, Menorca, Ibiza and Formentera. The archipelago is situated at 88 kilometers away from the Iberian Peninsula. Since 1978, this set of islands is an autonomous community with more than one million inhabitants. The capital of the Balearic Islands is Palma de Mallorca, located on the main island. Famous for its sandy white beaches, its sunny days, its gastronomy as well as its unrivalled parties, these islands welcome every year millions of tourists. However, the Balearic Islands have succeeded in keeping its true identity. Away from upscale ...

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