Market development

The property market in Ibiza has developed quite impressively in the past decades.
While the first waves of buying in the 70s, 80s and 90s were impressive, the demand for real estate accelerated significantly again with the introduction of the euro around 20 years ago. Whether apartments, villas or fincas - all properties have a solid performance. This performance is only interrupted by the real estate crisis from 2008 to 2011. However, the prices of second- and third-class properties were mainly corrected during this time. Quality properties were less than average affected by the crisis.
The Brexit confusion has caused great irritation on the British buyers interested in
real estate, but this uncertainty is increasingly diminishing.
In general, there is a trend towards ever more spacious and ever more comfortable properties. Rarely does a newer villa or finca not have high ceilings, generous sliding glass elements, a solid heating system and of course an air conditioning system.