Ibiza boomt: tourism and real estate prices at a record level!

Ibiza boomt: tourism and real estate prices at a record level!

Ibiza, Spanien - Spain is currently experiencing an economic heyday that is characterized by strong growth and a boom on the stock exchanges. The country is considered one of the economic locomotives in Europe, behind Malta, Croatia and Cyprus. According to Tagesschau , the Spanish economy grew by 3.2 % last year, while the EU average was only 0.8 %. In particular, the Spanish stock exchange, the IBEX 35, exceeds the services of the DAX and shows less negative price developments.

This positive economic development is supported by several factors. An increasing private consumption and sunken unemployment promote consumption mood and attract investments. Spain also offers cheap energy prices, low wage costs and a large market size, which makes it an attractive investment location. However, there are challenges such as long official processes and lower productivity in European comparison. Structural reforms are necessary to reduce the dependence on tourism.

tourism and real estate market on Ibiza

ibiza, known for his relaxed way of life and its party scene, attracts over three million tourists every year. This tourism brings significant income of over four billion euros for the island, while the average rents in the region are over 20 euros per square meter. A high inflation in the Balearic Islands is a challenge for many residents, which are often dependent on the tourism sector. The Horizonte ibiza describes that the real estate market was also booming in 2024 since 2008 Increase of the average square meter price by 5.86 % compared to 2023.

The demand for real estate grows, fueled by digitization and the pursuit of second apartments, in particular foreign capital. This leads to a shortage of available properties and an increasing number of international buyers. In 2024, a significant increase in the occupancy rates of short -term rentals, especially in San Antonio and Santa Eulalia.

price trends and regional analyzes

The analysis shows that Santa Eulalia is particularly attractive to international buyers, with British and German playing an important role. The demand for luxury properties in San Antonio is also growing, while buyers are looking for a private retreat in northern Ibiza.