Ibiza property market ‘light years ahead’ of rest of Spain

By Suzi Dixon

“Ibiza had its recovery year in 2012, light years ahead of faltering markets on the Spanish mainland, and is already booming again. Even off-plan and in-construction property is selling at a remarkable pace,” he said.

Figures from the Spanish National Statistics Institute last year showed that the Balearic islands of Mallorca, Minorca, Ibiza and Formentera are home to almost 24,000 Britons.

“Ibiza has an appeal as a bolt-hole in the winter months,” said Richard Way, editor of the Overseas Guides Company.

“Ibiza has some of the most exclusive hillside villas anywhere in the Balearics; arguably in Spain, too.”

Amanda Blanch, 48, and Chris Edwardes, 55, moved to Ibiza in 2010 to open a cocktail bar named Hidden. Their award-winning boutique hotel in Brighton hadn’t weathered the recession, so a move to Cala San Vicente in the north east of the island was an easy decision.

They built Hidden, which has been dubbed an ‘Alice in Wonderland’-style bar, up from scratch, and it is now receiving rave reviews and celebrity customers. According to Blanch, they are committed to Ibiza life.

“Ibiza is amazing in the winter, too – in fact, I prefer it,” she said. “When you have gone through losing everything you have ever worked for at our age and you have to start again, you sometimes have to throw caution to the wind. We ended up in Ibiza by chance and we are very content.”

For more information about Ibiza, please contact Cathy@oaibiza.com