Spain’s highest peak-season ADRs — a licence-gated luxury market.
Ibiza runs the highest nightly rates in Spain: peak-summer villa ADRs routinely multiply mainland prices, driven by an international party-and-luxury crowd plus a quieter premium family market in the north. Neighbouring Formentera is a boat-access boutique market with its own loyal demand.
The same ETV moratorium as the rest of the Balearics applies, so the play is acquiring already-licensed villas — scarce, expensive, and very hard to compete against once owned.
900
Tracked Listings
6
Areas Covered
48%
Avg Occupancy
€818
Typical ADR
€392
RevPAR
Occupancy and ADR are observed from live Airbnb calendars across Mar 2026–Nov 2026 (900 tracked listings). ADR reflects asking prices; upcoming months show booking pace to date and typically rise as the month approaches.
Live Airbnb performance by area — occupancy and typical nightly rate from tracked calendars, all property sizes blended.
| Area | Region | Listings | Occupancy | Typical ADR | Est. Monthly Revenue |
|---|---|---|---|---|---|
| Formentera | Formentera | 205 | 48% | €460 | €5,629 |
| Ibiza Town | Ibiza | 202 | 49% | €1,107 | €15,489 |
| Sant Antoni | Ibiza | 199 | 52% | €551 | €8,136 |
| Santa Eulària | Ibiza | 156 | 44% | €743 | €8,249 |
| San Jose | Ibiza | 102 | 44% | €1,539 | €19,238 |
| Portinatx | Ibiza | 36 | 48% | €864 | €8,801 |
Calendar-observed occupancy per month. Upcoming months show bookings already on the calendar and fill further as dates approach.
0 bedrooms
49% occupancy
€306 per night
138 tracked
1 bedroom
53% occupancy
€293 per night
262 tracked
2 bedrooms
46% occupancy
€404 per night
129 tracked
3 bedrooms
46% occupancy
€915 per night
116 tracked
Licensing is the single biggest factor in Spanish STR underwriting — it determines whether projected income is achievable at all.
New ETV licences have been under moratorium since February 2022 (extended indefinitely in May 2024). A limited CBAT allocation of 654 new tourist places opened in September 2025 — the first since the freeze.
The licence attaches to the property and transfers with the sale, provided the deed expressly includes a transfer clause and the island council (Consell Insular) approves it within 60 days.
Buying a villa with an existing, transferable ETV is effectively the only reliable route into Balearic STR. Verify the licence number, plaza count, and that the deed includes the transfer clause before exchange.
Since 1 July 2025 every short-term rental in Spain must hold a national registration number (NRA) from the Registro Único (Royal Decree 1312/2024). Platforms like Airbnb must delist properties without one within 48 hours. The NRA sits on top of each region’s own licence regime — you need both.
Regulation overview only, current as of June 2026 — not legal advice. Verify with a local lawyer before purchase.
For-sale properties ranked by real Airbnb yield in Ibiza & Formentera are coming. Join the waitlist for first access.
Peak-season ADRs are extreme (luxury villas clear four figures a night in July–August), and licensed supply cannot grow under the moratorium. The yield case depends on buying with a valid, transferable ETV licence — never without.
Generally no — Balearic rules and municipal zoning heavily restrict apartment holiday lets. The investable STR stock is licensed villas and townhouses.
Very. The season runs roughly May to early October with an intense July–August peak. The monthly booking-pace data on this page shows how demand ramps through the season.