Foreign buyers paid substantially more than Spanish buyers for homes purchased in Ibiza during 2025, according to new data from the Balearic Islands Housing Observatory.

The average purchase price recorded for a home bought by a Spanish national was €396,353, compared with €653,786 for a foreign buyer. The difference amounts to approximately 65%.

The figures were presented by the Balearic Government as part of the latest data from the Observatorio de la Vivienda de las Illes Balears (OHIB).

A difference of more than €257,000

The gap between the two averages was €257,433.

Based on the Observatory's figures:

• Spanish buyers: €396,353 average purchase price

• Foreign buyers: €653,786 average purchase price

• Difference: €257,433

• Foreign buyer average: approximately 65% higher

The figures refer to average purchase prices according to the type of buyer. They should not be interpreted as meaning that a foreign buyer paid 65% more for the same property as a Spanish buyer.

The data also does not establish that nationality itself caused the price difference. Differences in the type, size, location and characteristics of properties purchased by the two groups can contribute to different average transaction values.

The Govern describes a divided housing market

José Francisco Reynés, director general of Housing and Architecture for the Balearic Government, described the difference as evidence of what he called a “dual market”, with one part serving national buyers and another serving foreign buyers.

Reynés also highlighted differences between Ibiza's municipalities.

In Ibiza Town, Spanish individuals were involved in 190 purchases compared with 134 purchases involving foreign individuals and companies, according to the Observatory's municipal data.

In Sant Antoni de Portmany, the corresponding figures were 69 national purchases and 36 foreign purchases.

The pattern was reversed in Sant Josep de sa Talaia, where there were 78 national purchases compared with 104 foreign purchases, and in Santa Eulària des Riu, where there were 128 national purchases compared with 163 foreign purchases.

Ibiza's wider housing market

The buyer-price gap comes within a housing market that has experienced significant growth in both population and property values.

The OHIB data shows that Ibiza had 75,519 homes in 2025. Between 2000 and 2025, the island's population increased by almost 83%, while its housing stock grew by around 40%.

The Observatory calculates a 43.18% accumulated housing deficit associated with the difference between those two growth rates. This figure should not be interpreted as saying that 43.18% of Ibiza's homes are physically missing.

The average price of a home or apartment in a multi-family building on Ibiza reached €538,479 in 2025, 35.9% above the Balearic average of €396,165.

Across all house and apartment transactions in the municipality of Ibiza, the average sale price was €848,491, compared with €571,136 across the Balearic Islands, a difference of 48%.

Asking prices are also above completed sale prices

The Observatory identifies another significant difference within Ibiza's property market.

In the municipality of Ibiza, prices advertised through online property portals were approximately 32% higher than actual transaction prices.

That distinction is important when assessing the market because advertised prices represent asking prices, while the Observatory's transaction figures reflect completed sales.

Licensed tourist rentals account for 3.2% of Ibiza's homes

The OHIB data also provides information on tourist accommodation.

As of December 2025, Ibiza had 2,365 homes legally registered for tourist rental. That represented 3.2% of the island's total housing stock, below the Balearic average of 4.2%.

The number peaked at 2,466 homes in 2022 and had fallen by 3.69% from that level by December 2025.

The housing data shows a complex market

The difference between the average prices paid by national and foreign buyers is one part of a much broader housing picture on Ibiza.

The island combines strong population growth with limited housing-stock growth, high transaction prices and significant differences between municipalities.

The new OHIB data also shows that Ibiza's housing stock is predominantly multi-family, with 73% of homes classified in that category.

Taken together, the figures provide a detailed snapshot of Ibiza's residential market in 2025 and highlight the different patterns in both prices and buyer profiles across the island.