mortgage

Exclusive Ibiza Mortgages

Mortgage Advice for Ibiza property buyers

Since Mortgage Direct began offering mortgage advice in Spain more than 10 years ago, the number of non-residents purchasing properties in Ibiza has more than doubled and the island has become a luxury destination for high-net-worth individuals. Along with its improving reputation, we have seen a sharp rise in enquiries from residents of Hong Kong, Singapore and the UAE, as well as the United States and Canada.

According to data published in April 2016 by the independent valuation company, TINSA, the average price of homes (new and second hand) in Spain as a whole remained stable in March 2016, registering an increase of 0.8% year-on-year, bringing the accumulated increase in the first three months of the year to 2.2%. The ‘Balearic and Canary Islands’ and the ‘Mediterranean Coast’ were the two geographical areas analysed by TINSA to register the greatest year-on-year price increase, of 4.3% in both cases.

There are now regular articles on Ibiza in the international press and property magazines, including the lifestyle sections of UK newspapers, such as The Times and The Financial Times. According to Suzi Dixon of the Telegraph, the number of new cities now operating flights to Ibiza has also had a real impact on the island’s growth.

Strong and attractive luxury property market

The luxury market has seen the fastest price rises. Mortgage Direct works with numerous high-end real estate agencies all around Spain and, according to market reports from Lucas Fox, there has been a 23.6% year-on-year increase in prices for luxury properties on Ibiza. The rental market in Ibiza is the strongest in Spain and this has a knock-on effect on prices and demand for luxury homes.

The Ministry of Development recently released data showing that sales of luxury homes in Ibiza currently represents 16% of total sales in Spain, which demonstrates the importance of the market. Ibiza has been Mortgage Direct’s strongest market in Spain for many years and this shows no signs of changing.


Ibiza Island


Mortgage Process

In terms of mortgages to purchase properties on the island, our clients benefit from the contacts we have developed over the last 10 years. We have found that having banking contacts on the mainland, as well as on the island, has allowed us to negotiate far more attractive conditions for our clients than are usually available when they go direct to banks or via other intermediaries.

Once the mortgage has been approved with our banking contacts, the valuation is then carried out with a local, independent valuer in Ibiza (approved by the Bank of Spain). Once the completion and notary date have been arranged, the mortgage funds are transferred to a local branch and clients can then deal with the local branch nearest to their property thereafter.

Get a no obligation quote

Contact us, if you want to know more about our exclusive Ibiza mortgage deals or apply for a no obligation quote here. You will hear from one of our advisors within 48 hours.

Why Use Mortgage Direct for buying property in Ibiza


  • Exclusive mortgage conditions are not possible with the local bank branches
  • We have arranged mortgages on the island for 10 years and know the marketplace inside out
  • We know the best lawyers on the island, which is important, especially when you are buying rural properties
  • We have special agreements with some banks whereby we can instruct valuations independently
  • We specialise in broking for premium clients (including those residing in Hong Kong, Singapore, the UAE, the USA and more…)
  • We offer native English and Dutch-speaking advisors some of whom can also communicate in Spanish, Portuguese and German
  • We also have private banking contacts and can arrange bespoke mortgage solutions for high-net worth clients
  • We collaborate with many of the top estate agents on the island, which gives our clients a greater degree of trust to use our service


  • “Katherine (from Mortgage Direct) supported me in getting a Spanish mortgage I needed during an extremely difficult time for the economy in Spain. She made this possible by pre-empting the situation ahead and applying to several banks at the same time, aiming for those that would best understand my financial background and thereby ensuring we achieved the required loan amount."




    Kaveh Khonsari

    Client from London - Purchase price: €325.000
  • "I have found Mortgage Direct to be extremely professional and efficient in finding me a very good mortgage product. I would highly recommend their company to those estate agents who are not currently using their services"








    Michel Vecchi

    Client from Italy - Purchase price: €800.000
  • “Once again Mortgage Direct were the only company able to find a mortgage for our clients!  I must stress that all of our everythingibiza.com clients have been extremely happy with your service and report that you are not “pushy sales people!” You offered them a fast and easy solution to finding the best overseas mortgage available.     We will continue to offer your services to our overseas buyers. Thank you - you’re a great team of people!”

    Yvonne Anderson

    Everything Ibiza Estate Agency - everythingibiza.com

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