14 Sep, 2020 @ 14:54
1 min read

Movers and shakers: Why now is the time to rent in Ibiza as prices drop by 50%

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IBIZA, popular for its cosmopolitan community and beautiful beaches, has long attracted glamorous partygoers and big-name celebs – and counts Naomi Campbell, Kate Moss, Jade Jagger, Rafael Nadal and Michael Fassbender among its A-List fans. 

The island, nicknamed the White Isle after its traditional lime-washed houses, is known as the clubbing capital of the world. 

But even the most hardcore ravers were forced to call it a night after coronavirus swept the globe and pulled the plug on the party island. Still, if you’ve ever dreamed of living it large in Ibiza, now’s the time to make your move. 

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Landlords on the Balearic Islands,, bereft of tenants, are offering substantial discounts in some of Ibiza’s most desirable postcodes. 

For instance, rental sites like  Idealista and Fotocasa are advertising homes all across the island for 50% less than their usual rental price. The rent on a three-bedroom chalet in Santa Eulalia has fallen from €4,000 per month to €2,000. Meanwhile  €1,500 has been knocked off a two-bedroom luxury penthouse with a jacuzzi in the center of Ibiza, and €775 off another villa in the same spot. 

Rooms in shared apartments are also seeing prices slashed by up to half.  A room in a two-bedroom shared apartment in the centre has gone from €1,200 euros to €650. 

And in the town of Sant Jordi, the landlord of four-bed villa is now offering a room for just €300 after previously asking for €500. In the same town, a room in a five-bedroom villa has decreased in price from €850 to €500. 

But remember, just like bleary-eyed partygoers, properties in Ibiza move quickly. If you want to bag a bargain and secure a rental property in Ibiza, you better get a wiggle on.

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