Why buy at auction?

• A good selection of quality properties for sale at large discounted prices all under one roof.
• Instant sale opportunity with quick completion dates within 30 days (this can be quicker if parties agree).
• 50% reduction in buyer's legal fees (see costs section below).
• No agents' fees added to the price, so no hidden costs.
• Buyer has complete confidence that the property he is buying has had the majority of the deeds and documentation checks carried out on the property prior to auction by our legal representatives.
• Once the hammer has gone down the vendor is obligated to complete within the timeframe agreed.
• A non-refundable deposit of €3,000 is paid by the successful bidder on the day once the hammer is down. The remaining 10% non-refundable deposit is paid within five working days unless agreed otherwise.
• Lawyers are present on the day to complete all the legally binding documents.
• Multilingual staff on site.

How it works

View properties online - information such as guide price, current valuations, descriptions and photos can be seen. We have further pictures and details for properties that are of interest.

Or register your details with us and we will search any properties that meet your requirements.

Inspect the selected properties. Viewings are available five days before the auction or by appointment.

Property documents can be checked prior to auction by appointment with our lawyers.

Attend the auction on the day. Please ensure you have your passport and NIE number and/or residents card.

Bid on your selected property. You can do this in person at the auction or by telephone or email bid prior to the auction. You can also nominate a third party (an agent, lawyer or Property Ibiza Auctions) to bid on your behalf.

If your bid is successful you are required to pay a €3,000 non-refundable deposit and sign a contract to buy. The remaining 10% deposit will be due in five working days unless agreed otherwise. Completion is within 30 days.

Property Ibiza Auctions strongly recommends you have finance in place in principal before bidding on a property.

Costs of buying in Spain

The standard costs which you must allow for in Spain are approximately 10% of the purchase price. This includes 7% tax. The other 3% is for lawyer's fees, notary and other taxes.

We have negotiated with GamaServi, well respected lawyers in Ibiza, a fee of only 1% (instead of 3%) and this will cover all your costs. This is a set fee of €6,000 for properties up to €600,000. For properties over this price the fees will increase but still giving a huge saving on costs.

We work with local banks and independent mortgage companies that have great deals on finance and advice, please contact us for further details.

For further details on what properties will be available and special accommodation packages offered for your trip to Ibiza please email paul@propertyibizaauctions.com or call direct on +34 660 826 504.

Guide price

A guide price gives an indication of the starting price that the property is possibly going to sell for.

Guide prices are for information only and shouldn't be relied on as an indication of reserve price, or representing professional valuations for any purpose. Purchasers are deemed to have relied on their own knowledge or obtained the independent, professional advice of others.

Reserve price

A reserve price is the lowest price the vendor will accept. This is agreed between the vendor and the auctioneer. Most properties entered into the auction have a reserve price. This is confidential and not disclosed to any interested parties.