The enchanting Ibiza, located in the Mediterranean Sea, belongs to the Balearic Islands archipelago in Spain. With a rich history dating back to the Phoenicians and characterized by historic sites such as the Dalt Vila, a UNESCO heritage site, Ibiza is known for its idyllic location and natural beauty. It attracts the best of the global elite with vibrant beaches, wonderful mountains and spectacular sunsets. This wonderful island offers fantastic properties for those seeking excellence in housing.
The state of luxury property in Ibiza
The real estate sector in Ibiza has shown admirable strength, and currently the market for luxury properties in Ibiza is strong. The demand for luxury homes and apartments exceeds supply. Despite the uncertain global climate, Ibiza maintains solid political and economic stability, making the island an attractive option for investors.
Costs associated with buying luxury properties
The process of acquiring a property in Ibiza comes with certain charges. These include a property transfer tax, which is around 8%, and the annual Real Estate Tax (IBI). The buyer must also consider appraisal costs and notary fees. Generally, the commission for real estate agents is between 3% and 6%, paid by the seller.
Premium Residential Areas
The most desired areas for luxury housing in Ibiza are places like Marina Botafoch and Dalt Vila in the city of Ibiza, and the striking areas of Santa Eulalia and San José.
Access to Ibiza
Ibiza is easily accessible both by road and by ferry. It has its own well-maintained road network that connects to the island's airports and ports. Ibiza International Airport is just a few kilometers from the city of Ibiza.
Education and services
There is a wide range of schools and institutes available in Ibiza, many of which are international. Health services are also of a high standard, with modern hospitals and clinics scattered throughout the island.
Lifestyle in Ibiza
Ibiza is rich in nature and culture, offering residents a number of outdoor activities, including hiking, diving, and sailing. The island hosts important cultural and sports events annually. With a wealth of luxury shops, high-end hotels, Michelin-starred restaurants, and world-renowned nightclubs, Ibiza offers an abundant lifestyle.
With its Mediterranean climate, vibrant atmosphere, and offer of luxury properties, Ibiza is a dream home for those who seek an exclusive lifestyle.
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