Located in the Mediterranean Sea, the island of Ibiza is a place with a rich history dating back to the time of the Phoenicians. Famous for its old part, known as Dalt Vila, it has been recognized as a World Heritage Site by UNESCO since 1999. The island has a fascinating mix of influences from different cultures, from the Carthaginians to the Arabs. Its privileged geographical location has positioned it as a dream destination for those seeking the luxury lifestyle.
Ibiza Real Estate Market and Economy
The current market for exclusive properties in Ibiza is strong and stable. The demand for luxury homes and apartments regularly exceeds supply, making Ibiza a profitable investment for those seeking luxury property. The island's political and economic situation is stable, fostering a climate of confidence for real estate investments.
When buying a house in Ibiza, one should take into account additional costs such as the transfer tax, which is around 10% of the property value. Real estate agent commissions range between 3 and 6%, depending on the property. Additionally, notary costs and potential building inspection or legal costs may also arise.
Mortgage Requirements and Considerations in Ibiza
As for mortgages, one can usually obtain up to 70% of the purchase price, depending on the buyer's income. To buy a house in Ibiza, lenders may request a ratio between the equity and the loan of up to 30% of the purchase price, depending on the buyer's financial situation.
Residential Areas and Accessibility in Ibiza
The most desirable and expensive residential areas of Ibiza include the areas of Marina Botafoch, Playa d'en Bossa and the city of Ibiza. Ibiza is easily accessible both by road and by air. Ibiza Airport, just 9 km from the city of Ibiza, offers frequent domestic and international flights.
Life and Leisure in Ibiza
The island of Ibiza, known for its vibrant nightlife and music festivals, also offers a wide range of shops and luxury restaurants. Venues such as Pacha Ibiza, Ushuaïa and Amnesia, are global references in nightclubs. Its cultural offerings stand out with sites like the Ibiza Museum of Contemporary Art and sports facilities for golf, tennis, horse riding, among others.
Infrastructure and Services in Ibiza
Ibiza offers a solid state of public infrastructure and a wide range of services. The island has hospitals and clinics, as well as several schools and universities. With a population of about 150,000 inhabitants, Ibiza retains an environment of stunning natural beauty, with white sandy beaches and crystalline waters, under a Mediterranean climate with warm summers and mild autumns.
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