Ibiza homes market expands
By Kevin Barnett, 04 Jan 2007
The leading specialist website, PropertyInSpain.Net has expanded its award winning service in Ibiza, the former hippy Island that is now home for Hollywood jetsetters, the seriously rich and the big summertime magnet for clubbers.
With nearly 200 new properties available through their Google top ranked website, PropertyInSpain.Net, offer an unrivalled quality of service to clients who are seeking properties to match their individual requirements.
Offplan prices start at EUR 200,000, with top of the range villas costing up to EUR 4M. Refurb homes in picturesque villages and Ibiza Old Town are snapped up within days of being listed on the website
Said Ibiza manager, Ben Walker: “We offer a multi-lingual, one-to-one service, helping buyers find the property of their dreams. We specialize in looking after the requirements of non-Spanish speaking clients, who either already have a property in Ibiza or who are thinking about buying here.
"We run a totally confidential search service for big name buyers and sellers, often on an off- market basis. Recent US buyers arrived with a fleet of darkened people movers and three bodyguards to view multi-million dollar homes."
If you ask someone from Germany or France about Ibiza, they will talk about the many rich and famous people from their countries that live there. Americans recall Ava Gardner and Humphrey Bogart as visitors. If you ask someone from the UK the same question, they will most likely talk about the British TV programme, "Ibiza Uncovered" and talk about Club 18-30.
In reality, 99% of the island is not like Ibiza Uncovered and if anything, the existence of this well know programme helps keep it that way, encouraging youngsters who want a “lively” time to holiday in “San An”.
All year round living boost
Many foreigners are buying properties in Ibiza, and not just for holidays. Ex-pat all year-round residents on the island increased by nearly 25% last year. Many of the people who are buying, experienced the magic of the island holidaying there when they were younger, and now want that magic to become a more permanent part of their lives.
People looking to buy holiday properties will be spoilt for choice. Near the beautiful beaches around Cala Llenya on the east side of the island you can buy a new (key ready) luxurious 2-bedroom apartment complete with air-conditioning, communal pool and great sea views from around 210,000 euros (£140,000) with 90% mortgage available.
On the sunset spectacular west coast, new bijou development at Cala Vadella have sparked queues of buyers prepared to wait 18 months while the builders produce sea view homes with wide terraces and state of the art kitchens.
Ibiza remains a strong market for buy-to-let as the summer rentals market produces record income streams for canny owners. Spanish banking partners are happy to provide advances of 80% or effectively depending on valuation on builders' completions.
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