Is this price fair
Asking is €760,000, 30% below what similar homes nearby suggest. The range they point to, and what the gap costs you each month, open with a free account.
See the fair range and the three checks
Free with an account. You get the range similar homes point to, what the gap would cost you each month, and where every number comes from.
Listings that informed this estimate · Ibiza
We compared it with 30 homes on sale in Ibiza, each of 77–115 m². The middle half of them, priced at this flat’s 96 m², gives the fair range above. These are the eight closest in size.
Asking prices, not sale prices · sorted by closest in size
This listing€7,917/m²Renovated 3-bed apartment with lift in Ibiza, Retiro
96 m² · 3 beds · 2 baths
The home you are looking at
€12,177/m²3-bed apartment with lift in Ibiza, Retiro
96 m² · 3 beds · 2 baths
Ground floor
€10,263/m²Spacious 3-bed apartment with terrace in Ibiza, Retiro
95 m² · 3 beds · 2 baths
Has a terrace · 5th floor, lift
Renovated 3-bed apartment with terrace in Ibiza, Retiro
97 m² · 3 beds · 3 baths
Exterior · Has a terrace
€9,588/m²3-bed apartment with terrace in Ibiza, Retiro
97 m² · 3 beds · 3 baths
Has a terrace · 6th floor, lift
Renovated 2-bed apartment with terrace in Ibiza, Retiro
101 m² · 2 beds · 2 baths
Exterior · Has a terrace
€11,165/m²2-bed apartment with terrace in Ibiza, Retiro
103 m² · 2 beds · 4 baths
Has a terrace · Ground floor
€12,261/m²2-bed apartment with terrace in Ibiza, Retiro
88 m² · 2 beds · 2 baths
Interior-facing · Has a terrace
2-bed apartment with terrace in Ibiza, Retiro
88 m² · 2 beds · 2 baths
Interior-facing · Has a terrace
If you rented it out
Asking rent is what landlords advertise today. Declared rent is what tenants report for tax, and it reaches the statistics about two years later. Declared runs lower; the yield here is on asking.
Asking rent, yield, running costs and the five-year view for this home.
Room to negotiate
We watch every home in Retiro until it stops being advertised, and record each price change on the way. Most leave at the price they started with.
93%kept their first price
The 7% that did cut came down a typical 5.0%, about €38,000 on this price. Asking prices, not sale prices.
This home
advertised for 0 days, no price change yet
0 days · no cut
A home disappearing usually means it sold. It can also mean the owner gave up or changed agency, and some agencies never take listings down at all. We cannot tell those apart, so we will not show you a sale price we did not see.
Who buys in this district
Spain’s land registry publishes who completes purchases, by district: where buyers come from, and whether they buy through a company. Names are never included.
Who buys in Retiro: official figures are on their way.
Coming
Nothing here is estimated. Each figure appears once it is loaded from its source and checked. Buyer figures are published for the whole district, never for a single street or home.
The neighbourhood · Retiro
This flat is in Ibiza, a barrio (neighbourhood) of the Retiro district. Each card compares Retiro with Madrid city. Green means up, red means down, blue means little change.
€64,787a year
Household income · Madrid €49,916
Official district
People
€11,826per m²
Madrid, homes we track: €11,013
Price trend
up 8.3%in a yearup 4.7%on the quarter
Official price index · all second-hand sales in the district
What homes here sold for
Homes for sale now
€28.4per m² a month
Madrid, homes we track: €29.7
Rents declared for tax
Homes to rent now
Asking rents of the homes we track. Declared rents come from tax returns and run about two years behind.
No grade for mortgage defaults or squatting (okupación), on purpose. Spain publishes both only for the whole province, so a Retiro grade would be invented precision.
The building itself
Spain’s land registry (the Catastro) records every building’s size, age and use. The first two figures are the agency’s; pull the building’s own record below to check them.
What comes back
Things that would change the deal
None of these are unusual in Spain, and none of them are visible in a photo. Each one changes what you are actually buying.
Sold with a tenant already in it
Vendido con inquilino. You inherit their contract — in Spain that can run five more years at the rent they already pay.
You buy it, the seller keeps living in it
Nuda propiedad, literally “bare ownership”. You own the home but cannot use or let it until the seller dies. Prices look like a bargain for this reason.
Someone is living there without permission
Okupas. Removing them goes through the courts and can take well over a year.
Being sold at auction
Subasta. You usually cannot view it first, and you may take on the previous owner’s debts on the property.
No first-occupancy licence
Sin licencia de primera ocupación. The building cannot legally be lived in yet, which also means most banks will not lend on it.
Tourist lets in this district
Vivienda de uso turístico (a licensed tourist flat). The city’s Plan Especial de Hospedaje restricts new ones in parts of this district.
We do not yet read listings for these. Ask the agency before you offer; your lawyer confirms each one in the nota simple (the land-registry extract).
It tells you what to ask, what to budget, and what a fair number looks like. The verified agent can tell you the rest.
An independent buyer’s agent Frankly has verified. 30 minutes, free, no obligation. Paid by you, not by the seller.
How we got these numbers
Every figure in this section: what it measures, where it comes from, and what we did to it.
Attribution
Listing prices belong to the agencies that publish them. Frankly does not verify them.
How we got these numbers
Every figure in this section: what it measures, where it comes from, and what we did to it.
Attribution
Listing prices belong to the agencies that publish them. Frankly does not verify them.
How we got these numbers
Every figure in this section: what it measures, where it comes from, and what we did to it.
Attribution
Listing prices belong to the agencies that publish them. Frankly does not verify them.
How we got these numbers
Every figure on this card: what it measures, where it comes from, and what we did to it. Figures cover the official district.
Attribution
Elaboración propia con datos extraídos del sitio web del INE: www.ine.es, 2023. Licence CC BY 4.0.
Origen de los datos: Ayuntamiento de Madrid, 2024–2026. Licence CC BY 4.0.
Comunidad de Madrid, IPVCM, Q2 2026. Licence CC BY 4.0.
Source: Colegio de Registradores, via Ayuntamiento de Madrid statistics.
How we got these numbers
Every figure on this card: what it measures, where it comes from, and what we did to it.
Attribution
Comunidad de Madrid, IPVCM, Q2 2026. Licence CC BY 4.0.
Source: Colegio de Registradores, via Ayuntamiento de Madrid statistics.
Listing prices belong to the agencies that publish them. Frankly does not verify them.
How we got these numbers
Every figure on this card: what it measures, where it comes from, and what we did to it.
Attribution
Elaboración propia con datos extraídos del sitio web del INE: www.ine.es, 2024. Licence CC BY 4.0.
Source: Ministerio de Vivienda y Agenda Urbana, SERPAVI, 2011–2024 database (file last updated 9 July 2026); figures for 2024. Reused under the ministry’s terms, which require this citation.
Listing prices belong to the agencies that publish them. Frankly does not verify them.
How we got these numbers
Every figure in this section: what it measures, where it comes from, and what we did to it.
Attribution
Listing prices belong to the agencies that publish them. Frankly does not verify them.
How we got these numbers
Every figure in this section: what it measures, where it comes from, and what we did to it.