Sorello Guides

Rent in Eivissa: an expensive market, measured

With 5.503 declared leases behind it, the quartiles are stable from year to year. It is 18,3 % above the reference of five years earlier. A reference of 12,67 €/m² puts Eivissa among the dearest places to rent in Spain, where short-term letting quietly removes the best stock from the long-term pool.

Rents declared on income-tax returns for main-residence leases, not asking prices. They lag the market and exclude holiday lets.

A sense of scale

Among the Illes Balears towns and cities covered here, it records the highest share of main homes that are rented.

Over the whole guide, the upper-quartile rent per square metre recorded here falls within the dearest twentieth of them all.

Take Illes Balears alone: among the municipalities here, its median declared monthly rent is the highest.

Against every municipality in this guide, its reference rent per square metre lands in the dearest twentieth of them all.

How it ranks

On number of declared leases it is the second highest of the Illes Balears municipalities this guide covers.

On a national view, its lower-quartile rent per square metre falls into the second-dearest twentieth.

Set against the other Illes Balears municipalities in this guide, it has the lowest five-year change in the reference rent.

Country-wide, that population is one of the band just below the top quarter.

The comparison that matters

Ranked against its neighbours in Illes Balears, it holds the sixth lowest median floor area of a let flat of the group.

Over the whole guide, the share of dwellings that are not a main residence recorded here falls within the exact middle of the range.

What the reference says a flat should cost

It is 18,3 % above the reference of five years earlier.

The median declared lease in Eivissa costs 914,58 € a month.

What the reference implies for a flat of a given size, per month
Floor areaAt the lower quartileAt the medianAt the upper quartile
55 m²535 €697 €888 €
75 m²729 €950 €1.211 €
100 m²972 €1.267 €1.615 €

The floor areas are round illustrative sizes used to show the arithmetic, not measurements of any particular flat.

The reference figures

9,72 €/m² to 16,15 €/m² is the middle half; asking prices in a market this tight routinely sit above the whole band.

9,72 €/m² to 16,15 €/m² covers the middle half of declared leases in Eivissa — ordinary dispersion.

Declared rents for flats: rent per square metre a month, unless stated
MeasureValue
Lower quartile9,72 €/m²
Median12,67 €/m²
Upper quartile16,15 €/m²
Median monthly rent914,58 €
Median floor area80 m²

Renting is the norm here

22,65 % of the stock is not a main residence, a normal share for a town people live in year-round.

At 32,04 % of main homes rented, Eivissa has a rental sector deep enough to have its own sub-markets.

Related guides

Sources and licences