Ibiza August Sales Increase.
August saw a 19% increase in the sales of properties throughout the Baleares when compared to the same month last year.
In total 657 transactions took place on the islands whilst the average for all of Spain showed a 1,1% drop with the total being 23,525 properties of various types changing hands. Despite the August drop across Spain, figures for the 3rd quarter are up, but the year down, highlighting the fragility of the market.
Sales to Foreigners.
Properties purchased by foreign residents reached a new record with 14,952 sales in the quarter—20% higher than for the same quarter of 2013, and the 12th consecutive quarterly rise in sales to foreign residents.
Foreign non-residents purchased 1,202 homes up 13.7% from 2013.
The total number of properties sales to all foreigners rose by 17.7% and totalled 16,154 homes.
Ibiza Town & Santa Eularia Most Expensive In Baleares.
Ibiza Town and Santa Eularia are the most expensive towns (centres of population over 25,000) to buy property in the Baleares.