Ibiza Real Estate Market Report October 2019
©Houses in Ibiza – Clive Heathcote
My favourite month of the year as Ibiza is slowly winding down, residents recover the island and autumns´ balmy magic sets in and allows us to enjoy Ibiza at its best.
On the tail end of the season, we have seen a small drop in tourist visits but compensated by an increase in spending.
Hotel occupancy has been solid, ADR is softer and with a slight decrease in overall stays.
All good news! I like sound of this!
The island needs to find a sustainable level of tourist inflow and we seem to be getting there!!
On the Ibiza real estate front, we are seeing some interesting developments. After several years of price consolidation we are beginning to see a fall in listed units for sale and a small uptick in prices, with homes sales falling again in 2019. Could quality supply start to dry up?
Take advantage of readjustment before the next cycle takes prices higher, sales dry up and quality prime real estate supply dramatically falls.