Report on Roca Llisa, Ibiza housing

Summary Report: Market Analysis for Can Ross Residence in Roca Llisa, Ibiza

Property details:

Can Ross residence

Offered for: 2,200,000€
Market value: 4,836,065€
Plot size: 1,495 m2
Built area: 814 m2

Listing: https://www.fotocasa.es/es/comprar/vivienda/santa-eularia-des-riu/aire-
acondicionado-c
alefaccion-parking-jardin-terraza-piscina-amueblado-parking-internet/158401966/d

Market overview:

Roca Llisa is an exclusive neighborhood in Ibiza.

Chalets for purchase: ranging from 740,000€ to 7,300,000€
Chalets for rent: ranging from 3,500€ to 18,000€ per month

Similar properties in the area:

For Rent:

▪ 500 m2, 6 bedrooms, 5 bathrooms, built in 1985, 10,000€ per/month

Listing: https://www.idealista.com/inmueble/100256752/

▪ 450 m2, 5 bedrooms, 6 bathrooms, suitable for approximately 10 people,

12,500€ per/month
Listing: https://www.idealista.com/inmueble/87589748/

For Buying:

▪ 698 m2 built, 1,504 m² plot, 5 bedrooms, 5 bathrooms, 3,100,000€

Listing: https://www.luxuryestate.com/es/p121550885-luxury-home-for-sale-
santa-eularia-des-ri

▪ 621 m² built, 600 m² usable, 1,400 m² plot, 4 bedrooms, 4 bathrooms, 3,500,000

€
Listing: https://www.idealista.com/inmueble/97771635/

▪ 682.06 m2 built, 1500.88 m² plot, 5 bedrooms, 4 bathrooms, 3,800,000€

Listing: https://www.idealista.com/inmueble/100478159/
 ▪ 825 m² chalet, 1.952 m² plot, 7 bathrooms, 6 bedrooms, built in 2022,
6,600,000€
Listing: https://www.luxuryestate.com/es/p127734587-villa-for-sale-roca-llisa

▪ 775 m² built, 3,125 m² plot, 5 bedrooms, 6 bathrooms, 6,995,000 €

Listing: https://www.idealista.com/inmueble/99043747/

For a wider overview, please visit: https://ibizarocallisa.com/casas-lujo-ibiza/

Comparable property: Finca Dan

Property area: 500 m²

Plot area: 4,000 m²
Bedrooms: 4 + 2
Bathrooms: 7
Condition: Good
Views: Green hills
Price: 3,500,000€

Listing: https://ibizarocallisa.com/sales/finca-dan/

Sale History of Similar Properties in Roca Llisa:

Property: Villa with sea views

Location: Roca Llisa, Ibiza
Size: 5 bedrooms, 5 bathrooms, 350 m² built area, 1,000 m² plot
Sold on: October 2021
Sale price: €2,500,000
Listing: https://www.idealista.com/inmueble/97096477/

Property: Modern villa close to the golf course

Location: Roca Llisa, Ibiza
Size: 4 bedrooms, 4 bathrooms, 300 m² built area, 1,250 m² plot
Sold on: August 2021
Sale price: €1,850,000
Listing: https://www.idealista.com/inmueble/86731354/

Property: Luxury villa with panoramic views

Location: Roca Llisa, Ibiza
Size: 6 bedrooms, 6 bathrooms, 500 m² built area, 1,500 m² plot
Sold on: June 2021
Sale price: €3,600,000
Listing: https://www.idealista.com/inmueble/86623926/
Airbnb & Booking options in Roca Llisa:

Villa Miracle: 5,806€ per night, 6 bedrooms, 6 bathrooms

Listing: https://www.airbnb.es/rooms/31560698?check_in=2023-06-
12&check_out=2023-06-18&guests=1&a

Villa Vagabundo: 5,850€ per night, 5 bedrooms, 6 bathrooms

Listing: https://www.airbnb.es/rooms/766667513435444714?check_in=2023-

In-depth Market Analysis for Can Ross Residence in Roca Llisa, Ibiza

About Buying or Renting a Property in Roca Llisa:

The Roca Llisa residential community is ideally situated between Jesus and Cala Llonga,
boasting a reputation as one of the island's most prestigious gated communities,
particularly due to the presence of a golf course within its grounds.

Real estate options in Roca Llisa provide two distinct opportunities: hillside villas and
homes on the south-facing slope, which offer breathtaking views of the shimmering
Balearic Sea and as far as Formentera, and properties adjacent to the golf course,
surrounded by an abundance of verdant landscapes.

Roca Llisa properties showcase a diverse array of architectural styles, ranging from
designs originating in the 1970s, when the community was first established, to
contemporary new builds.

Purchasing a property in Roca Llisa encompasses a variety of options, including exclusive

villas, apartments, and detached homes, all thoughtfully distributed across smaller
residential areas within the community's boundaries. Many clients searching for
properties and villas for sale in Roca Llisa are often interested in homes suitable for 'buy-
to-rent' purposes.

Estimated Value and Sales History:

Taking into account the recent sales of comparable properties in Roca Llisa, as well as
the specific attributes of the Can Ross residence, which include a 1,495 m² plot size and
an 814 m² built area, a preliminary valuation for the property falls within the range of
€3,500,000 to €4,000,000.

It is crucial to emphasize that this valuation is derived from a limited dataset of similar
properties in the Roca Llisa area and may not accurately represent the precise market
value of the Can Ross residence. A comprehensive assessment of the property's value
must consider additional factors such as its current condition, distinct features, and any
recent renovations or improvements.
Taxes

Due to the limited availability of data for individual properties in Roca Llisa, Ibiza,
providing specific sale histories, taxes, and price and tax history trends is challenging.
Nonetheless, I can offer a general overview of property taxes and trends within the area.

Property Taxes:
In Spain, property taxes are referred to as Impuesto sobre Bienes Inmuebles (IBI). The
IBI rates are determined by the location and type of property and typically range
between 0.4% and 1.1% of the property's cadastral value. The cadastral value is an
administrative valuation assigned to properties by the Spanish government, which is
often lower than the market value.

Price and Tax History Trends:

In recent years, property prices in Roca Llisa have experienced an upward trend due to
the growing demand for luxury properties in the region. Property taxes (IBI) are subject
to fluctuations based on the annual adjustments to cadastral values and local
municipality tax rates.

When purchasing a property like Can Ross in Ibiza, Spain, buyers should be aware of
several taxes and fees associated with the transaction. Here's a summary of the main
taxes and fees you might encounter when buying a property:

Transfer Tax (Impuesto de Transmisiones Patrimoniales or ITP):

For resale properties, the buyer is required to pay a transfer tax. In the Balearic Islands
(where Ibiza is located), the transfer tax rate ranges from 8% to 11% depending on the
property's value. The rates are progressive, meaning that they increase as the property
value increases.

Value Added Tax (Impuesto sobre el Valor Añadido or IVA) and Stamp Duty (Actos
Jurídicos Documentados or AJD):
If you are purchasing a new property directly from a developer, instead of paying the
ITP, you will be required to pay IVA and AJD. The IVA for new residential properties is
10%, while the AJD rate for the Balearic Islands is generally 1.2%.

Notary Fees:
A notary is required to witness and authenticate the property transaction. Notary fees
are based on a sliding scale and depend on the property's value. Fees typically range
between €600 and €1,500, though they may vary.

Land Registry Fees:

To register the property under your name, you will need to pay a fee to the Land
Registry. The cost depends on the property's value, and fees generally range between
€400 and €1,000.

Legal Fees:
Hiring a lawyer to assist you with the property purchase process is highly recommended,
especially if you are unfamiliar with Spanish property law. Legal fees usually range
between 1% and 2% of the property's purchase price, plus VAT.

Annual Property Taxes (Impuesto sobre Bienes Inmuebles or IBI):

Once you own the property, you will need to pay IBI annually. As mentioned earlier, IBI
rates typically range between 0.4% and 1.1% of the property's cadastral value, which is
determined by the Spanish government.

Non-Resident Income Tax (Impuesto sobre la Renta de No Residentes or IRNR):

If you are a non-resident property owner, you will be subject to the IRNR. This tax is
based on the property's cadastral value and is calculated at a rate of 19% for EU/EEA
residents and 24% for non-EU/EEA residents. The taxable base is either 1.1% or 2% of
the cadastral value, depending on when the value was last revised.

Please note that tax rates and fees are subject to change, and it's essential to consult
with a local expert or tax advisor to obtain up-to-date information on taxes and fees
associated with property purchases in Ibiza, Spain.

Local Real Estate Market Trends:

Roca Llisa, Ibiza median home value: €3,500,000 to €4,000,000

Average price per sqft: €4,300
Trends: Prices have been steadily increasing in recent years.

Neighborhood and Community Information:

Roca Llisa is an exclusive, gated community located between Jesus and Cala Llonga in
Ibiza.

Demographics:

• Diverse mix of nationalities, primarily upper-middle-class families and

individuals.
• Low crime rates, especially compared to national averages.
• Renowned for its golf course within the community.

Nearby amenities:

• Roca Llisa Golf Course, various beaches, shopping centers, and restaurants.
• Convenient access to Ibiza Town and Santa Eulalia.

Rental Rates:

Rent for similar properties in Roca Llisa ranges from €3,500 to €18,000 per month.
Property Appreciation:

The Can Ross residence, currently offered at €2,200,000, has a market value estimation
of €4,836,065, indicating potential for future growth in value.

Economic and Employment Data:

Ibiza is a popular tourist destination, which has diverse employment opportunities in

various industries such as hospitality, real estate, and tourism.

Investment Strategy:

Given the growing housing market in Roca Llisa, combined with strong rental potential,
investing in properties like the Can Ross residence could offer a profitable opportunity
for rental income and potential long-term appreciation.

Recommendation:

In conclusion, the Can Ross residence in Roca Llisa, Ibiza, shows potential as a solid
investment, given the appreciation trend, rental potential, and stable housing market in
the area. To make a more informed decision, consult with a local real estate expert or
certified appraiser who can provide a professional opinion based on a thorough
examination of the property and a comprehensive understanding of the local market
trends.