Prime areas are continuing to perform extremely well with particularly strong results for new developments. According to Lucas Fox Sitges , a lending Spanish agent, property in Ibiza is set to "explode" over several 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 Maresme 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 Spain 's property market as well.
According to Lucas Fox Sitges , a lending Spanish agent, property in Ibiza is set to "explode" over several 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 Maresme 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 Spain 's property market as well.