According to Lucas Fox International Properties, a lending Spanish agent, property in Ibiza is set to "explode" over the next five years due to international demand. Following several years of downturns, the market economy is now in recovery and gaining momentum as local buyers return to the market. The number of properties sold by foreign investors has risen from just under 1,000 at the end of 2008 to more than 4,000 last year. Signs of stability emerged in Barcelona's property market as well.
According to Lucas Fox International Properties, a lending Spanish agent, property in Ibiza is set to "explode" over the next five years due to international demand. Following several years of downturns, the market economy is now in recovery and gaining momentum as local buyers return to the market. The new Super Port is due to complete in the next year or so and the island is set to receive several designer shops and five-star hotels, which will help attract potential investors to the island. Signs of stability emerged in Barcelona's property market as well.