Sorello Guides

Buying and owning a home in Eivissa

Second homes are a minority presence, at 22,65 % of the dwelling stock. At 5.725,5 €/m² this is one of the dearest municipalities in the country to buy into. Eivissa is large enough for several distinct sub-markets to exist inside one Illes Balears municipality.

What the deed itself costs

At the prices Eivissa commands, the Balearic Islands transfer tax alone exceeds the whole purchase price of a flat in much of Spain. Balearic Islands charges transfer tax on a progressive scale rather than a single rate, starting at 8 % and rising through bands as the value goes up; the table below applies the scale bracket by bracket.

Transfer tax on a resale purchase, at three illustrative prices
Purchase priceTransfer tax
200.000 €16.000 €
350.000 €28.000 €
600.000 €50.000 €

The three prices are round illustrative figures chosen to bracket the ordinary range, not measurements of this market.

The reduced rates, stamp duty and the deed checklist for Balearic Islands

A sense of scale

Line the Illes Balears municipalities in this guide up by appraised value of a home under five years old and this one is the highest.

Nationally, that appraised value per square metre falls in the dearest twentieth of them all.

Among the Illes Balears towns and cities covered here, it records the highest appraised value of an older home.

Taking every municipality covered here together, the share of the urban register that is housing is in the cheapest twentieth of them.

Of the Illes Balears municipalities covered here, this one comes fifth lowest on average cadastral value per home.

The comparison that matters

Country-wide, that average cadastral value per home is one of the band just inside the top fifth.

Within Illes Balears, that is the third highest year of the last cadastral revision among the municipalities this guide covers.

Across the country, the number of urban cadastral units here belongs to the upper middle of the range.

Ranked against its neighbours in Illes Balears, it holds the second highest population of the group.

Across the country, the count of registered residential units here belongs to the band just above the middle.

A sense of scale

Within Illes Balears, that is the fourth highest total dwelling stock among the municipalities this guide covers.

On a national view, its tax rate on construction work falls into the upper middle of the range.

Take Illes Balears alone: among the municipalities here, its urban property-tax rate is the second highest.

Set the national range end to end and this number of appraisals behind the average lands in the band just below the middle.

A market at the top of the national range

At 5.725,5 €/m², Eivissa is among the most expensive places in Spain by appraised value.

Homes under five years old are appraised at 6.470,7 €/m² against 5.690,5 €/m² for older stock — a modest premium.

The figure comes from 154 appraisals in the quarter.

What the housing stock is like

24.538 of 46.992 urban units are residential, a housing-led register.

22,65 % of dwellings in Eivissa are not a main residence — a normal proportion for an inland town.

At 32,04 % of main homes rented, Eivissa has a rental sector large enough to set the tone of the market.

How old the cadastral values are

The last general revision in Eivissa was 2012, so cadastral values sit some way below market values.

The construction tax is 4 %, the statutory maximum, which matters if you plan to renovate.

What the town hall charges every year

Rural land carries 0,73 %, close to the urban rate.

At 81.569 € per dwelling, the Eivissa cadastral base is high enough that the rate matters.

Eivissa sets its urban IBI at 0,68 %, a little above what most town halls charge.

A cadastral value of 180.000 € taxed at 0,68 % gives 1.224 €, though the register is old enough that real values have moved.

The cadastral value in this example is a round illustrative figure, not the cadastral value of any particular property here. Ask for the last IBI receipt: it states the real one.

How many homes change hands

With 24.538 residential units on the register, that is moderate turnover of the existing stock.

602 home sales went through the notaries in Eivissa in the year — a quiet market.

Sales clustered in Second quarter and thinned in Third quarter, the ordinary Spanish seasonal pattern.

Notarised home sales by quarter, 2025
QuarterSales
First quarter156
Second quarter168
Third quarter120
Fourth quarter158

Related guides

Sources and licences