Reasons for buying houses in Ibiza
Nowadays everyone knows about Ibiza, because it is the most famous and popular resort among foreigners as a part of the Balearic archipelago in Spain. Buying a house in Ibiza is a prestigious and profitable investment of capital. The existing situation and years of practice show that the cost per square meter of residential property in Ibiza tends to grow from year to year, so buying a home in Ibiza will not only preserve your free capital, but also significantly multiply it.
Ibiza is a relatively small island in 90 kilometers from the mainland of Spain. This island is different from the rest of archipelago with a very high standard of living and prolonged life span, but also quite long-lived. These are the main factors leading to such high prices for real estate in Ibiza.
The island of Ibiza is actually divided into two parts, northern and southern ones. While the South is more busy and populated, in the North and East, you can find thickets, secluded small bays, and small wild beaches. Many of luxury houses in Ibiza worth several million euros and the majority of them are concentrated in the southern part of the island, but a small number of them you can be find on the east coast.
The busiest places on the island are considered to be the capital city of Ibiza and the area of Playa d'en Bossa. The cost of houses in Ibiza in this part of the island varies from four to ten thousand euros per square meter, while in the north prices are considerably lower. They vary from 2.5 to 7 thousand euro per square meter. The most expensive and elite real estate in the region is located on a small island nearby. Its name is Formentera, and a narrow strait separates it from Ibiza. In Formentera, the price per square meter can reach 15 thousand euro. There are few tourists on the island, which automatically gives the Formentera resort extra points for emptiness, privacy, cleanliness and quietness.
Real estate in Spain, which is sold in the area of Ibiza, represents luxury homes and villas that are not affordable to the average citizen of our country. If you have decided to invest your capital in purchasing a home, be sure that you have secured a stable source of income, because a house to rent in Ibiza costs about 5000 euros per week. Wealthy tourists will always go for a vacation to Ibiza so your property will not stand idle. Moreover, any time you will be able to relax at this fashionable resort too. It is free because you are now the owner of real estate in this resort.