This is where the beautiful people go to party. The Spanish Balearic island of Ibiza was colonised by hippies in the Sixties but has spent the past 20 years trading on its pulsating club scene and celebrity DJs, attracting a wealthy crowd and rivalling St Tropez for out-and-out glamour.
This summer saw increased visitor numbers - up 25 per cent since 2009 - and new levels of excess on the 25- by 20-mile island. Wealthy Europeans and Russians lined up to pay £21,800 for a week's villa hire and dropped £3,000 a night for a prime table at Pacha.
Yet away from the sleek yachts and gleaming Ferraris there is another side to Ibiza. With the end-of-season parties over the pace slows, the beaches clear and the rural beauty emerges.
Ibiza's property prices are the most buoyant in Spain. Figures from Engel & Volkers show that prime seafront properties are selling strongest, registering a 10 per cent increase since January last year, with Britons accounting for 40 per cent of buyers.
"Ibiza is considered the place to be seen," says Natascha Sandig of Aylesford International. "Its government has taken the island upmarket since 2003, encouraging four- and five-star hotels and restricting development." The result is a sophisticated yet relaxed island, where bohemian millionaires in flip-flops live in exclusive white-washed villas hidden down bumpy, unmade roads.
Sant Antoni on the island's west coast (better known to hedonistic holidaymakers as San Antonio) is noisy and built-up, and best avoided unless you enjoy the mass-market holiday, but elsewhere there's a wide selection of waterfront apartments, contemporary white villas and rural fincas. Expect to pay from £191,700 for a basic holiday apartment and from £305,000 for a two-bedroom modern apartment in Ibiza Town.
The quiet north
The steep cliffs and unspoilt pine forests of the north tend to attract older buyers wanting a little more peace. The bustle and clubs of Ibiza Town are up to 45 minutes away, so the area is not ideal for the party crowd. "The diversity of Ibiza is special," says Philip Gould of Engel & Volkers. "There is some of the best nightlife in the world yet in the north you wake up to birdsong and the smell of rosemary." Close to Cala Llonga and Santa Eulalia on the east coast, a stunning six-bedroom villa with exceptional sea views is £1.78 million. It currently rents for up to £8,000 a week.
Prices peak around Es Cubells, including Cala Jondal, where The Blue Marlin, Ibiza's most chic beach club, attracts celebrities from Kate Moss to Leonardo DiCaprio. In the south-west, some 30 minutes from Ibiza Town, a smart three-bedroom townhouse in a newly completed development at Cala Carbo with a communal pool and gym is £635,400 through Aylesford.
The stylish centre
The central village of Santa Gertrudis, with its pretty yellow-and-white buildings and nearby international school, is in an area of agricultural land stuffed with fig and almond trees.
Rural fincas are proving popular with buyers who are seeking more cosiness than the stark, minimalist villas provide, and properties with land start from £1.3 million. A well-presented seven-bedroom finca in Santa Gertrudis, including a two-bedroom guesthouse, is on for £1.65 million with Aylesford. The garden boasts olive and orange trees and a large pool with distant views to the sea, while inside there are beamed ceilings, big fireplaces and Moorish-style doors.
* Aylesford International (020 7349 5100; aylesford.com)
* Engel & Volkers (+39 971 311 336; engelvoelkers. com).
'There's a sexiness here that St Tropez once had'
Three years ago, Tom Hoddell left his job as an advertising executive and bought a six-bedroom finca above Cala Jondal with his brother. After extensive renovations he rents it out for up to £11,000 a week. Tom now develops property on Ibiza, living full-time in a rented house near Santa Gertrudis with his wife Chantal and two-year old son Noah.
"Ibiza is full of interesting, creative people," says Tom. "There's a sexiness here that I think St Tropez had in the Seventies which is attractive whatever age you are. There are 80 beaches within 25 minutes of my house and many different facets to the island, from the buzzy south to the fantastic nature in the north."
His finca was rented for 24 weeks this year but he feels 12 is the best you could achieve in the north. "Tourism figures were excellent this summer, flight access is improving and the government's planning rules show they are determined to preserve the island." His finca is available to rent through cancalma.com.