- The high international demand, which has expanded to 17 different nationalities in the last year alone, boosts Ibiza's real estate market.
The real estate market in Ibiza remains unstoppable. "The demand for high-end property in Ibiza is still significantly higher than the available supply," says Florian Fischer, the Engel & Völkers' general manager in Ibiza. He explains that this is the main reason for the price increases registered in the island.
The German leading brokerage of high-quality real estate explains in its report 'Ibiza Markets Report', that over the last year, Engel & Völkers has sold properties to clients from 17 nationalities. While most buyers on the island came from Germany, for the first time in almost ten years, the Spaniards were the second largest group of home buyers. The rest of the applicants were from the United Kingdom, France, Switzerland, Italy and the Benelux countries.