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Property in Ibiza and Formentera
Ibiza and Formentera, two gems of the Balearic Islands, offer a unique balance between Ibiza's lively seaside scene and Formentera's natural calm. From a busy home near the beaches to a peaceful retreat, we support you remotely, in English, at every step of your property purchase. Our English-speaking advisers guide you through choosing the area, viewings and paperwork, so that your project reflects your needs and your lifestyle, with complete peace of mind.
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from 1,303 Google reviews
+1,500
projects supported
Leader
since 2017
Why invest in property in Ibiza and Formentera?
Ibiza and Formentera combine island life, prestige, protected nature and strong international appeal.
Unspoilt islands and English-speaking support
Ibiza and Formentera are islands with unspoilt landscapes: coves with crystal-clear water, white villages and countryside scented by fruit trees. Our English-speaking advisers support you remotely, in English, with a tailored approach at every step of the purchase. We shape the search around your wishes, organise viewings and make the paperwork easier, taking into account the local architectural style, from traditional fincas to contemporary villas. Buying here means choosing an authentic way of life, with professional support throughout your project.
Multicultural life and quality of life
Ibiza and Formentera attract an international population and offer an open, multilingual way of life. Catalan and Spanish sit alongside English and other languages, which makes contact and integration easier. Living here means a rich social life, a wide range of cultural events and an environment that values freedom and creativity. For families, it is a chance for a multicultural education. Our English-speaking advisers help you find your way in this setting, understand local specifics and find the area that best matches your expectations.
Attractive areas for every project
Among the most sought-after areas, the north appeals for its peace and untouched landscapes, with fincas and traditional properties. The east has creative villages and a varied supply of apartments, villas and more modern houses, ideal for those who want a lively cultural life. The centre, with its hills and villages such as Santa Gertrudis, offers a rural setting close to amenities. The south and west coast have the most famous beaches and a busier way of life. Each area has different types of property: our role is to point you towards the one that fits your project.
Our solutions for your property project in Spain
Every journey is unique. So is every goal. That is why we offer two packages to suit your needs: full purchase support, from the search to the signing, or legal due diligence on a property you have already found.
Ibiza and Formentera in figures
11,708
inhabitants
INE, 2021 · island of Formentera
19.5 °C
average annual temperature
Open-Meteo, 2024
+13.4%
house prices over one year
INE, House Price Index (IPV) Balearic Islands, 2025
Where to buy in Ibiza and Formentera? The areas to know
Sant Francesc Xavier (Formentera)
Sant Francesc Xavier, the heart of Formentera, offers authentic village life: small squares, local shops and quick access to the island's famous beaches. Quieter than the tourist areas, it attracts buyers looking for privacy, quality of life and nature close by. A good choice for retirees and owners who want a peaceful second home, with easy links to Ibiza via La Savina.
Santa Eulalia (Santa Eulària)
Santa Eulalia is known for its family beaches, well-kept marina and range of services (schools, shops, restaurants). A calmer, more residential feel than other parts of Ibiza, with seafront promenades and good road links. Ideal for families and buyers looking for a comfortable main home or a quiet holiday home.
Dalt Vila (Ibiza)
Dalt Vila is the fortified historic heart of Ibiza, with cobbled streets, restaurants and upmarket shops. A cosmopolitan atmosphere mixing heritage and nightlife, close to the port and ferry links. Suits buyers looking for a cultural pied-à-terre, a convenient second home or a small buy-to-let, with easy access to services and sea connections.
What types of property can you find in Ibiza and Formentera?
Finca
Rural finca or estate near the coast, with land and peace; ideal for privacy and a connection with nature.
Villa
Modern or traditional villas, often with a pool and garden, suited to families and buyers looking for privacy and outdoor space.
Apartment
City-centre pieds-à-terre or developments with a terrace; sought after for holiday lets and by owners who want low maintenance.
The latest properties found for our clients
Found in 45 days
Villa
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La Vall d’Aigües Vives
Superb contemporary villa with pool and 4 bedrooms
€559,000
Found in 12 days
Villa
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Pedreguer
Stunning villa with pool near Alicante
€360,000
Found in 20 days
Apartment
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El Campello
Renovated apartment just 6 minutes from the beach
€219,900
Our resources to help you understand everything
Access practical guides and essential tools to master every step of your property project in Spain.
Buying guide
Discover every step of buying in Spain, from choosing the area to signing at the notary, including legal obligations and the costs to expect.
1,500+ property projects since 2017
Read how our clients bought their home in Spain.
Interested in Ibiza or Formentera? Contact us
Calle Purissima, 5-33, 46001 Valencia
info@alveo.co
+34 961 12 76 66
Frequently asked questions about property in Ibiza and Formentera
Can a foreign buyer purchase property in Ibiza and Formentera?
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Yes. Spain places no nationality restrictions on buying property. You do, however, need an NIE, the foreigner identification number, which is required to sign at the notary's and to open a Spanish bank account. We handle this step as part of our support.
What costs should you budget for on top of the property price?
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As a rule, allow 10 to 15% of the asking price. This covers transfer tax (ITP) for a resale property or VAT for a new build, notary fees, land registry registration and administrative costs. Our online buying costs calculator gives a detailed estimate by region and type of property.
Do you need to be there in person to buy in Ibiza and Formentera?
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No. Many of our clients buy from abroad. Viewings can be done by video call with a written report, and signing at the notary's is possible with a power of attorney. On site, we check what photos do not show: the real condition, the immediate surroundings, any nuisances, compliance.
What checks do you carry out before an offer?
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We check the property's legal status at the land registry, that there are no debts or unpaid charges, planning compliance, the state of the community of owners and whether the price is consistent with recent sales in the area. These checks take place before any offer, not after.
How long does a property purchase in Ibiza and Formentera take?
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From the first viewing to signing, it generally takes two to four months. The timing depends mainly on getting the NIE, any financing and the notary's availability. A cash purchase with a complete file can go faster.
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