The housing problem in Ibiza multiplies by four that of Mallorca: the deficit exceeds 43%

IbizaIbiza has grown much faster than its housing. In the last 25 years, the island's population has increased by almost 83%, while the number of homes has done so by about 40%. The imbalance between both growth rates places the accumulated housing deficit at 43.18%, according to data from the Balearic Housing Observatory (OHIB).

The magnitude of the problem is especially significant when compared to the rest of the Islands. The deficit derived from population growth is 11.4% in Mallorca and 8.4% in Menorca. In Ibiza, therefore, the imbalance is almost four times higher than in Mallorca.

The data are part of the 23 indicators that can already be consulted on the new OHIB portal, presented this Tuesday in Ibiza by the Balearic Government. The tool collects information from different official bodies and allows monitoring the evolution of the residential market, prices, the housing stock, and construction.

Housing becoming more expensive

The pressure on housing is also reflected in prices. In 2025, the average sale price of a home in Ibiza reached 848,491 euros, 48% more than the Balearic average, which stood at 571,136 euros.

In the case of apartments or homes located in multi-family buildings, the average price on the island was 538,479 euros, 35.9% above the Balearic average.

The Observatory also focuses on the difference between the price that appears on real estate portals and what is finally paid in a transaction. In the municipality of Ibiza, the advertised prices are nearly 32% higher than the actual sale prices.

The difference is even more marked according to the buyer's profile. The average price of a home purchase on the island was 396,353 euros, while in the case of foreign buyers it reached 653,786 euros, 65% more.

More affordable housing in planning

Given this situation, the Government has launched an emergency plan in collaboration with the city councils, the Council of Ibiza and the private sector. The program provides for more than 1,200 homes at affordable prices for residents, more than 400 of which correspond to public developments by Ibavi.

The figure, according to the Government, will increase as new developments are incorporated into the planning.

At the same time, construction data show a reactivation of the sector. In 2025, 853 new homes in multi-family buildings were approved, 24.5% more than the previous year and the highest figure since the 2008 crisis.

The increase in construction, however, comes after years in which population growth has advanced much faster than that of the residential stock. It is precisely this accumulated imbalance that the Observatory quantifies with the 43.18% deficit.

Tourist rentals represent 3.2% of the stock

Another of the OHIB indicators is the number of dwellings legally intended for tourist rental. In Ibiza, there were 2,365 with a license in December 2025, 3.2% of the total number of dwellings on the island.

The figure is lower than in previous years: in 2022, 2,466 were registered. Since then, the number of tourist dwellings with a license has decreased by 3.69%.

The Observatory also incorporates information on the state of the residential stock. In Ibiza, 86% of dwellings with an energy certificate have a rating of E, F, or G, corresponding to low levels of energy efficiency.

All of this depicts a residential market marked by strong demand pressure, high prices, and a housing stock that has not grown at the same pace as the population. A mismatch that, in the case of Ibiza, has reached a dimension much greater than that of the rest of the Islands.