MAGAZINE IBIZA/2021 Our Story Market Report Island Guide Buyer’s Journey Experts Interviews Our Blog Going Green Nuestra Historia Guía de la Isla Entrevista con un Comprador Entrevistas Expertos Nuestro Blog 1 Dear Readers, Queridos lectores, Welcome to our 2021 Prestige Properties Magazine! ¡Bienvenidos a nuestra revista Prestige Properties 2021! We would like to begin by thanking you for taking the time to read Nos gustaría empezar agradeciéndoles su interés por nuestra revista our annual magazine. A lot of thought and reflection has gone into anual. Hemos dedicado mucho tiempo a pensar y reflexionar en la this year’s issue, bringing you a wealth of informative and useful edición de este año, ofreciéndole una gran cantidad de contenido content, a refined selection of properties, stunning visuals and our informativo y útil, una refinada selección de propiedades, impresio- latest news. nantes imágenes y nuestras últimas noticias. The world has faced extraordinary times, whereby many of us have El mundo se ha enfrentado a tiempos extraordinarios, en los que been required to adapt and make changes to our lives. At Prestige muchos de nosotros hemos tenido que adaptarnos y hacer cambios Properties, we are incredibly grateful to have had the opportuni- en nuestras vidas. En Prestige Properties, estamos increíblemente ty to continue with our usual work, thanks to a market that has agradecidos de haber tenido la oportunidad de continuar con nues- remained strong. In fact, over the past year we have unexpectedly tro trabajo habitual, gracias a un mercado que sigue siendo estable. experienced an influx of second home sales and holiday rentals De hecho, en el último año hemos experimentado inesperada- within the Ibiza luxury real estate sector. mente una afluencia de ventas de segundas residencias y alquileres vacacionales dentro del sector inmobiliario de lujo de Ibiza. We feel very fortunate for living on an island that has been able to provide a more natural and relatively safe environment during such Nos sentimos muy afortunados de vivir en una isla que ha sido times. This is why now, more than ever, we are committed to giving capaz de proporcionar un entorno más natural y relativamente back to our community and our natural habitat. To this end, we seguro durante estos tiempos. Por eso, ahora más que nunca, nos have taken further steps towards an eco-friendly business model, comprometemos a compensar a nuestra comunidad y a nuestro há- supporting a number of local projects and forming a long-term bitat natural. Para ello, hemos dado nuevos pasos hacia un modelo alliance with the Ibiza Preservation Fund. de negocio respetuoso con el medio ambiente, apoyando una serie de proyectos locales y formando una alianza a largo plazo con el There are so many places in Ibiza yet to discover and experiences Fondo de Preservación de Ibiza. to be had, that we feel excited for our clients to be able to enjoy the island this year in its purest and most distinctive light. Hay tantos lugares en Ibiza por descubrir y experiencias por vivir, que nos entusiasma que nuestros clientes puedan disfrutar de la isla We would like for you to discover in this magazine the essence of este año en su forma más pura y distintiva. who we are and how we work, and we look forward to meeting you in person soon and assisting you with the purchase, sale, or rental Nos gustaría que descubrieran en esta revista la esencia de lo que of a property. somos y cómo trabajamos, y esperamos conocerles pronto en per- sona y ayudarles en la compra, venta o alquiler de una propiedad. Wishing you a wonderful season 2021! ¡Les deseamos una maravillosa temporada 2021! Pascale Dufournier Victor van Den Driessche (Founder and Director) (Sales Director & Partner) 2 3 PRESTIGE PROPERTIES OUR TEAM - NUESTRO EQUIPO Pascale Dufournier Victor Van den Driessche Gabriel Hekking Sophie Thillier Founder and Director Partner and Sales Sales Advisor Rental Agent Fundadora y Directora Director. Socio y Asesor de Ventas Agente de Alquiler Director de Ventas "Prestige Properties es "Sincerety and constancy "Si quieres confianza, dilo amor, pasión y profesio- “I try to adapt to how are the values that drive como es y no lo endulces" nalidad" the client feels, we are all me in work and in life " different...” Juliette Derville Nina Negru Roody Willeke Aida Matei Sales Advisor Sales Advisor Rental Agent Rental Agent Asesora de Ventas Asesora de Ventas Agente de Alquiler Agente de Alquiler “¡Para mí, ibiza es el "Be a team with your "Do what is right, not what is "Our goal is to create beautiful paraíso de Europa!” client: working together is easy" memories that will last a the road to success" lifetime" Pieter Vlassenbroeck Anna Böttcher Alexandra Ostergaard Sales Advisor Marketing Manager Administration Manager Asesor de Ventas Responsable de Marketing and P.A. Responsable de Administración y P.A. "Trata a la gente con res- “La sensación de estar peto, sé genuino y disfruta exactamente donde debes "I feel proud be a part of de la vida" estar, no tiene precio” such a fantastic group of people " Lola Domínguez Inge Van Knippenberg Federica Horak Sales Advisor Sales Advisor Office Assistant Asesora de Ventas Asesora de Ventas Asistente de Oficina "In ibiza you never stop “El respeto, la honestidad "La empatía es la clave discovering new places" y la igualdad son los valo- del éxito en nuestra res que me impulsan" industria" 4 5 Ibiza property market It must be noted this ‘increasing price curve trend’ can only be considered when discussing the luxury housing market, whereby Report & 2021 forecast the majority of properties in question are related to international Typical Properties second-home buyers, that are seeking and purchasing housing at Per Municipality the top-end of the Ibiza property market. Our internal statistics This 2020 annual property market report and predicted forecast from our sales database with Prestige Properties Ibiza between 2019 for 2021 has been provided by Prestige Properties Ibiza, which and 2020 calculated an average increase in price per square metre, summarises key trends and patterns in the current Ibiza and Balearic from 6.665 to 7.021 (approximately 6% increase), with the same Area M2 Average Price Type housing market, with statistics and impressions from both internal number of sales recorded. and external sources as documented. San Jose 330 2.650.000 € Villa Overall a very minor 1.1% decrease was noted on the total Euro The analysis covers four significant points and primarily draws upon expenditure from purchasing properties over the entire year. Even data and figures received throughout 2019 and 2020. with global lockdowns, business closure for three months, and Ibiza Town 130 900.000 € Apartment multiple travel restrictions, the luxury housing market has remained strong, just like our year-on-year statistics which have remained The Ibiza Property Price Curve very firm and very positive. Santa Eulalia 210 1.500.000 € Villa Ibiza has become, by comparison to anywhere else in Spain, inclu- Property investment in Ibiza throughout 2020, specifically in the ding the leading cities of San Sebastian, Barcelona, and Madrid, an luxury housing market, has been incredibly safe with values very exceptionally valuable island, with average property prices rising attractive on a global standard. San Antonio 280 1.450.000 € Rustic House above 56% in the past five years with a year on year progress– El Pais, 2019 The Luxury Real Estate Market North 520 4.500.000 € Country Home These figures over the past five years correlate with the immense interest and pursuit for homes from non-resident and overseas Ibiza is clearly distinguished by many exclusive and high-end pro- perties. In each municipality prime housing has always been highly buyers. The demand for luxury properties has gone from strength Conclusion to strength, and the Ibiza property market has ever since seen a rise sought after. The luxury second-home real estate sales market in the value of our homes. has been very active throughout the health crisis and our annual and forecast 2021 statistics have confirmed our speculation (among our partners and House prices in the luxury Ibiza property market are The anticipated drop of sales and property prices This immense pursuit from international clients has led to the collaborators), the interest in Ibiza has grown during the health expected to remain stable in 2021 with anticipated across the Baleares due to the pandemic excludes high-end property market in Ibiza finding itself with an occurrence crisis, with more and more clients looking to fulfill their dream life, growth and continued progress at a steady and the luxury housing market here in Ibiza. However, of a low supply versus a high demand, and low supply effectively in a more natural environment, away from the inconveniences of stable rate. it must be noted there are no signs of crisis in the means that many villas and properties are stamped as a rare pro- the large metropoles. property economy thus far, and we expect to see duct. From February 2020, just before the first announcement of a global It is still undoubtedly the international buyers and a positive continuation of the general Balearic overseas investors who continue to be Ibiza’s leading property price curve as we begin to move towards Naturally, where there are demand and rarity, areas become highly pandemic, we see a consistent and steady flow of users over the audience with second luxury homes being the main normality in the future. sought after, and even those lower costing properties, terrace year visiting our website with the same usual peak over the summer conclusive factor for this continuation in momen- housing, and apartments have taken a significant leap in value too, months where tourism enquiries are more active.