Real Estate Market Report 1H 2023 - LF

Lucas Fox Spanish Real Estate Market Report / First half 2023 / Ibiza & Menorca

BUYER PROFILE

H1 2023, Source: Lucas Fox data

AGREED PRICE

Av. price 2,366,330

Av. discount

Av. price Y-O-Y

Ibiza Menorca

-3%

-13%

1,006,072

-9%

85%

Created sales contracts, average agreed price, average difference between asking and closing price, and annualised change in average agred price.

BUYER PROVENANCE

PURCHASE REASON AND PROPERTY TYPE

Ibiza

INVESTMENT PRIMARY RESIDENCE SECOND HOME APARTMENT/PENTHOUSE HOUSE/VILLA COUNTRY HOUSE PLOT

50% 40% 10% 50% 30% 10% 10%

EU EUROPE (NON EU) NORTH AMERICA

73.3% 20.0% 6.7%

Menorca

SECOND HOME PRIMARY RESIDENCE

60% 40%

100%

HOUSE/VILLA

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