Ibiza the Island of contrasts

25.06.2013

Beyond these ultra-fabulous locations, we have found in our experience that most customers are interested in properties in the upper price segment of 1 million euros plus:

The main buyers of high-end properties in Ibiza at the moment are German, British and Spanish, with French, Italians, Scandinavians, Dutch, Swiss and Austrians also showing significant interest. We also note new buyers from Russia and the Middle East in the recent year.

Buyers in Ibiza are mostly interested in two types of properties. On the one hand we have buyers looking for the traditional properties and on the other hand we have tenants looking for modern once.

Those seeking for traditional country houses are often looking for expansive grounds. Finca properties with sprawling land plots in the central region of Ibiza guarantee absolute peace and privacy. They are ideally suited for use as a first home.

Those seeking for modern properties with contemporary design look for details in high-end finishes in exclusive penthouses. These real estate objects are for those who seek a quick stroll to the city centre. Exclusive homes reach prices up to 5 million euros while top properties can change hands for double-digit million figures.

Some of the most exclusive areas of the island are located in region such as Es Cubells and Cala Jondal. Top prices exceeding the 10 million euros can be reached for outstanding properties directly on the coast with ocean view. Additionally, the south remains the most popular region for rental properties.

Beyond these ultra-fabulous locations, we have found in our experience that most customers are interested in properties in the upper price segment of 1 million euros plus. It seems that absolute quality and breathtaking location is THE trend. According to forecasts, Engel & Völkers Ibiza is expecting further price rises of ten to 15 percent for dream properties in the serious premium segment in 2013. The average time-to-market for outstanding houses in prime locations is six to twelve months, and up to 18 months in good locations.

Our hot tip is to look at regions such as San Carlos, in the northeast of Ibiza, which historically hosted the boho-lifestyle in the ‘60s and heralds a slice of nostalgia for those seeking the vintage getaway.

If you wish more information please contact us: socialmedia@engelvoelkers.com  

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