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Ibiza is booming: tourism and property prices at record levels!
Spain will experience an economic boom in 2025, fueled by tourism and rising property prices in Ibiza.
Ibiza is booming: tourism and property prices at record levels!
Spain is currently experiencing an economic boom, which is reflected not only by increasing export figures, but also by an impressive performance on the stock market. Loud daily news The country recorded growth of 3.2% last year, while the EU average is just 0.8%. Spain is considered Europe's economic engine, especially behind Malta, Croatia and Cyprus.
The stock exchange in Spain, represented by the IBEX 35, shows a better performance than the DAX. This positive development is supported, among other things, by strong banks such as Santander and BBVA. Private consumption is growing, unemployment has fallen and consumer sentiment remains positive. These factors contribute to almost all industries in Spain flourishing and investments increasing.
Tourism and real estate market in Ibiza
The effects of the economic boom are particularly noticeable on Ibiza, which attracts over three million tourists every year. The tourism sector brings over four billion euros in income for the island, which is a livelihood for many residents. However, the high number of tourists is also associated with problems such as noise, water shortages and illegal rentals. Rents in Ibiza now exceed 20 euros per square meter, and inflation in the Balearic Islands is the highest in all of Spain.
An analysis of the property market in Ibiza published by Horizons Ibiza, highlights price trends for 2024 and prospects for 2025. The real estate market is showing consolidation after the post-pandemic recovery, and demand for real estate is growing. Factors such as digitalization, the purchase of second homes and foreign capital are driving this demand.
Price Trends and Popular Locations
In 2024, the average price per square meter increased by 5.86% compared to the previous year, reaching the highest level since 2008. This is due to the scarcity of available properties and interest from international buyers. Popular areas include San Antonio and Santa Eulalia, where prices rose particularly sharply.
| region | Price increase (%) |
|---|---|
| Ibiza town | 4.5 |
| Talamanca | 7.3 |
| San Antonio | 5 |
| Santa Eulalia | 11 |
| San Jose | 10 |
| Central and Northern Areas | over 15 |
Expectations for 2025 are optimistic as the pace of growth is expected to continue. However, buyers must be prepared for limited availability and high prices. The increasing interest in property in Ibiza is due to the attractive combination of a relaxed lifestyle, beautiful beaches and a lively party scene.
Although Spain faces some challenges, such as long regulatory processes and lower productivity compared to Europe, immigration remains a key to meeting labor needs, particularly in the construction, tourism and care sectors. An outlook on the number of tourists for 2025 also shows that over 100 million visitors are expected in Spain.