A 12-Acre Property in the Heart of Ibiza
$4.65 MILLION (4.6 MILLION EUROS)
This six-bedroom country home sits on more than 12 forested acres on a dirt road in the center of Ibiza, one of the Balearic Islands of Spain in the Mediterranean Sea.
The original home, built in traditional Spanish finca style, likely dates back several hundred years, said Florian Fischer, the managing partner of Engel & Völkers Ibiza, which has the listing. The thick stone walls help keep the house warm in the winter and cool in the summer.
market report by Engel & Völkers. On Ibiza, those visitors are increasingly very wealthy.
The island, about 90 miles east of Valencia and Spain’s eastern coastline, has long attracted artists, musicians and celebrities; the British pop singer Dua Lipa made a splash celebrating her 27th birthday there last month. The coronavirus pandemic and the ability to work remotely have resulted in an influx of even more wealth, keeping prices spiraling upward. In 2021, private jet traffic at Ibiza Airport was up almost 27 percent from the year before, according to the Engel & Völkers report.
“It’s very safe to say that prices have risen on average about 10 percent, and the sales numbers have increased about 20 percent in comparison to 2021,” said Anna Böttcher, the product and marketing manager at Prestige Properties Ibiza.
The most popular sale range these days from 3 million to 5 million euros, and sales from 10 million to 12 million euros are not uncommon, said Jorge Calvo, the sales and acquisition manager at Estela Exclusive Homes, an affiliate of Christie’s International Real Estate. (The euro, which has fallen to its lowest level in years, is currently exchanging at roughly an equal rate with the U.S. dollar.)
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