- Engel & Völkers releases latest market figures
Engel & Völkers, with two offices in Ibiza, reports a further 10% rise in prices last year for premium properties in prime locations. This represents an approximate price increase of 20% for top properties in the past two years. The number of sales transactions also increased in 2015 according to the latest Engel & Völkers “Ibiza Market Report 2016”. “Both our residential property shops closed with 30% more sales than in 2014. Moreover, the average sales price rose significantly and we sold properties to 15 different nationalities underlining the international appeal of the island,” reported Florian Fischer, Managing Partner of Engel & Völkers on Ibiza.
Island hotspot for luxury tourism
Ibiza is a popular holiday destination amongst celebrities and the wealthy international jet set and this strengthens the luxury tourism and premium property market on the island. The number of private jet flights to and from Ibiza rose by 8.5 percent to around 11,000 in 2015 and these annual statistics made it the top destination for private aviation in The Balearics.
Ibiza’s marina, with mooring berths for superyachts upwards of 70 metres, has also established a reputation as one of the most exclusive marinas in the world. In 2015, Engel & Völkers brokered real estate to buyers from 15 different nations. The largest buyer group was from Germany, followed by Spain, the UK, France, Switzerland, Italy and the Benelux countries. Buyers are seeking homes both for private use and holiday rentals. “Prestigious villas and apartments in top locations are very easy to rent out in high season and present an attractive investment opportunity,” said Florian Fischer.