People ask this question yearly as the Ibiza Property Market seems disconnected from the general Spanish or European Prices for Properties. Especially during the last years of the pandemic, prices for properties in Ibiza, whether for an apartment, Finca or villa, have increased dramatically.
Properties in Ibiza, whether for an apartment, Finca or villa, have increased dramatically.
So, why will this trend continue?
By asking our connected professional real estate agents we’ve got the same response over and over again. No, prices will not drop in 2023. Their explanation was very clear and can be explained by 3 facts:
Fact 1 – High Demand on Ibiza Properties.
Due to the worldwide crisis and inflation, money is losing its worth more and more every day. So the only solution is to invest money in safe assets like properties.
Over time the Ibiza Property market has proven to be a safe place for investments. More and more investors are searching for villas and apartments or any property for sale in Ibiza.
Fact 2 – Few people want to sell their Property in Ibiza.
People know that an estate will never lose as much money, then if they were to keep it in a bank account. This means people who own already are not willing to put their property up for sale.
Fact 3 – Demand for all-year-round rentals is rising in Ibiza.
1. Ibiza has to offer approx. Three hundred sixty days of sun per year.
2. The flight connections between Ibiza and the big European cities have improved significantly.
3. Ibiza offers a fiber-optic high-speed internet connection, which makes it the perfect place to set up an office.
Due to this, many homeowners prefer to rent their house or apartment than selling it.
All these facts together lead to the conclusion that also in 2023, property and estate prices will not drop. So you better get in contact with one of our estate agents to find the perfect Ibiza property in Ibiza for you.