The property market heats up in Ibiza

From all-night parties to family-friendly retreats, head to the island of Ibiza, a jewel in Spain's crown.
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The Balearic Islands are the bright spot in Spain's troubled property crown. While countrywide construction lies in the doldrums, with transactions down 70 per cent from the pre-2007 boom years, the sun is shining on the Mediterranean islands and in particular Ibiza. Tourist numbers are up — even David Cameron and family took a break there last week — and BA is doubling the number of winter flights from London City Airport.

Holiday homes Ibiza
© Getty
The legendary beach party at Bora-Bora disco, Ibiza, the Mediterranean island with much to celebrate

The so-called "white isle" is heading into a sell-out summer season where, despite weekly rental prices of up to £22,000 for its finest contemporary villas, tourist numbers continue to rise. This month, Nikki Beach Club opens near St Eulalia in the east, adding Miami's coolest brand to the island.

Ibiza and Majorca account for 18 per cent of all of Spain's international visitors, registering a 10.1 per cent increase in tourist arrivals last year. Property sales, too, are outperforming, with average prices just below £260 a square foot, £86 above the national average.

Without Majorca's golf courses, marinas and year-round capital, Ibiza has had to rely on its ability to reinvent itself for its success. The hippies who arrived in the Seventies are still there but have been joined by people coming for the legendary nightlife and families seeking child-friendly holidays.

Cala Cabo
£367,000: a five-bedroom villa in Cala Carbo, with communal pool, near the beach. Lucas Fox Ibiza +34 971 590630
Ibiza villas: average prices
Average house prices are £468,600, according to Kyero, more than double the £193,600 Spanish average. Expect to pay £214,150 to £428,300 for a good two-bedroom apartment in the southwest, says Cathy Ouwehand of Ouwehand & Wall, with quality three-bedroom villas from £1 million. Well-located villas, from £1.7 million to £2.6 million, are selling strongly, she adds.

On the west coast, Calaconta is a development of 32 four- and five-bedroom villas in Ibiza's first gated community, an easy walk from the spectacular sunsets at Cala Conta beach, where model Naomi Campbell owns a house.

The 6,000sq ft villas with private gardens and pools have high-end finishes and eco-features aimed at reducing running costs.

Calaconta is 20 minutes from Ibiza airport on the edge of a national park and as close to the sea — 500 metres — as Ibiza's strict planning rules allow. Prices start from £2.1 million and 17 have sold to buyers from the UK, Scandinavia, Russia and Spain.

Holiday homes Ibiza
From £231,280: apartments at The White Angel, Ibiza Town. Through Savills/Ouwehand & Wall. Call 020 7016 3740
Developer Jose Peman, of Clover Investments, puts its success down to location and clean geometric architecture that provides open-plan living, adding: "Buyers also like the plans for 24-hour security and full concierge service, making this a safe and easy holiday home."

bold(Homes in Ibiza Town)
Sales are also going well at The White Angel, 67 apartments in a new block opposite Pacha Club in Ibiza Town by the marina. The two- and three-bedroom homes launched last year have sold well, with the 25 remaining priced from £231,280 for 860 square feet, through Ouwehand & Wall. Visit

On the west coast's longest sandy beach, Cala Tarida, is a popular family resort where the final few completed apartments at Viviendas Cala Tarida start from £214,150. The two-bedroom homes share a paddle tennis court and pool. Weekly summer rental rates start from £1,280 with some owners earning 10 per cent yields.

Holiday homes Ibiza
Chef and DJ Sid Shanti made the move to Ibiza in 1999
Creating a new life in Ibiza
Sid Shanti, 42, is a Groucho Club-trained chef whose hobby as a DJ took him to Ibiza in 1998 to play at the largest club, Manumission. Island life appealed so much he moved there the next year.

In 2004 Sid opened a restaurant, El Faraon, but since 2007 has worked as a private chef for celebrities, including Thandie Newton and Oli Parker, Jamie and Jules Oliver and designer Ozwald Boateng. His glossy, picture-filled book Glorious Ibiza Food (& Music) is just published ( "I like the climate, the countryside, which hasn't been over-built, the variety it offers — you can live cheaply here — and the tolerance of the people," said Sid.

For a true Ibiza experience, he said, catch the sunset at Las Salinas salt flats; taste Ibizkus Rose, an organic blush rosé produced in Ibiza; eat lamb and chicken cooked over coals at La Balafia near San Juan, and take in the weekly Tuesday party at Las Dalias.

Calaconta: 020 8133 8168;
Ouwehand & Wall: through Savills (020 7016 3740;
Lucas Fox Ibiza: +34 971 590630;

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