Your trusted real estate agency in Ibiza

Our team of experts at Summum Ibiza will provide you with a detailed market analysis and a personalized selection of properties that not only match your search criteria but also offer good appreciation potential.

Additionally, we offer comprehensive advice on the feasibility and potential profitability of your investment.

No problem. Our team will guide you through the entire legal and bureaucratic process, explaining each step in clear and accessible language.

We partner with trusted lawyers who specialize in Spanish real estate law to ensure that all legal aspects are handled professionally.

Yes, non-residents can buy properties in Ibiza.

We will assist you in obtaining any necessary documentation, such as the NIE (Foreigner Identification Number), and advise you on the best way to carry out the purchase to ensure a smooth experience.

The time can vary depending on several factors, such as the speed of decision-making and the complexity of the transaction.

On average, the process can take between 1 to 3 months from property selection to signing at the notary.

At Summum Ibiza, we are committed to making this process as efficient and smooth as possible for you.

When buying a property in Ibiza, you should consider the property transfer tax (ITP), notary fees, registration fees, and lawyer and/or architect fees if needed.

It is important to note that there can be ITP reductions for young home buyers.

For new construction homes, a 10% VAT is applied to the purchase price.

Our team will provide you with a detailed estimate of all associated costs to ensure you have a clear understanding of your total investment.

There are several financing options available for buyers, including mortgage loans offered by local and international banks.

At Summum Ibiza, we will advise you on the best financing options available for your particular situation and help you negotiate the most favorable terms.

Yes, we offer property management services that include maintenance, rentals, and administration, ensuring your investment is well taken care of even if you are not on the island.

Today, there are various reasons why you might need to sell your home quickly, such as the inability to cover expenses, debts, or simply because you are moving and not planning to return.

To sell your home faster, we recommend the following:

• Attractive Price: While lowering the price can attract more buyers, if you don’t want to sell cheaply, consider these other strategies.
• Attractive Photos: Take professional photographs that highlight the best features of your home. If it is empty, invest in renting temporary furniture to make it look more welcoming and attractive in the photos.
• Minor Improvements: A small investment in modernizing or renovating certain aspects of the home can increase its appeal and value.
• Neat Presentation: Ensure the home is clean and tidy both in photos and during visits to make a good impression on potential buyers.

After signing the Public Deed of Sale at the Notary, even though you are already the owner, there are certain administrative procedures you must follow:

• Presentation at the Land Registry: The Notary will send an authorized electronic copy of the deed of sale to the Land Registry. The Registry will issue a presentation entry, which will be valid for 60 days, allowing the property to be registered in your name.
• Payment of taxes: You will need to pay the corresponding taxes, such as the Property Transfer Tax for second-hand homes or VAT and the Documented Legal Acts Tax for new homes. These taxes can be paid electronically from the Notary’s office.
• Change of ownership in the Cadastre: You must notify the Cadastre of the change of ownership of the property within two months following the signing of the deed. This can be done by submitting a specific form and a simple copy of the deed.
• Notification to the City Council: Notify the City Council of the change of ownership by presenting a simple copy of the deed so they can update the Property Tax (Impuesto sobre el Incremento de Valor de los Terrenos de Naturaleza Urbana).
• Change of ownership and bank account for utilities: You will need to update the ownership and bank account information for utilities such as electricity, water, gas, and/or internet.