The residential property market on the Balearic island continues to boom. Entry prices for villas, fincas and apartments in very good locations on Ibiza increased once again in 2017. Local authorities have responded to the sustained level of demand by developing infrastructure on the island and realising new development projects. “The number of properties coming onto the market is growing in the luxury segment too. Exclusive homes are currently taking shape in selected locations around the island that offer superior services to residents,” said Florian Fischer, Managing Partner of Engel & Völkers on Ibiza. Engel & Völkers has documented this trend and others in its latest “Ibiza Market Report”.