Investing in Properties
posted 26th June 2015
Ibiza is a very unique island and differs from the rest of Spain. The real estate market recovered quickly from the economic crisis, due to the clubbing scene and becoming one of the most exclusive hot spot in Europe.
Property values
The crisis did not hit Ibiza in such a way as the rest of Spain. For this reason the prices went up to 300 - 400% in the last 10 years. Properties with a value of more than 1.8 million experienced stagnation during the crisis whereas less expensive apartments experienced a slight downward trend.
Recently the market activity increases every month, due to high return of investment.
Rental yields
Over 80% of the clients are interesting in letting their home during the summer season. This is a very lucrative business nowadays with a return of investment of 5-10%.