IBIZA NEWS - The Real Deal
– Hope you are all keeping well!
After a harsh winter Ibiza is hoping to see some light and preparations are cautiously unfolding as we prepare for the 2021 season.
While events and circumstance change continuously the islands priority is to ensure a safe and stable environment for our guests and the residents.
All efforts are put into being able to open the season safely as of May end and we hope to have good momentum building by mid June with many of the venues open and functioning.
In spite of all the uncertainty we have seen continued strong demand for property and assets on the island.
Ibiza has been busy with construction as hotels have taken advantage of the new law enabling an additional 15% of renovations to be exceptionally permitted before year end, new hotels approach completion, as well as new developments steaming ahead with brisk pre sales closings.
The undertow of change is here and many new options are surfacing in the leisure and hospitality spaces.
I am convinced that the island will see a new and better version of itself and with it a revaluation in most prices.
Quality spaces in quality places have been put on the map by the situation and demand is certainly there and growing!
Of course short term for the island tourism is of essence and a large part of the population is going through considerable duress. Ibiza cannot afford to lose another summer but we do need to all act responsibly and the authorities have to ensure that all the necessary measures to reignite the economy are in place. Not an easy challenge but doable.
We are confident all will pull through and we will emerge stronger!
Whats happening?
Room Mate Hotel launches it's first hotel in Ibiza
Room Mate Hotels – Ángel
The Room Mate Hotel Group has finally added a hotel in Ibiza to its collection.
The 228 bedroom hotel is designed by Cuarto Interior and will include a roof top terrace with spectacular views onto the Dalt Vila, a swimming pool & spa, a restaurant club and piano bar and spaces for special events.
The hotel is expected to open end of May!
corallisa a luxury development by the golf club
New Development by the Roca Llisa Golf Club
A well designed, high quality 20 villa development in a high end gated community, with views onto the golf courses and nestled on a hill within pine forests that offer privacy and seclusion.
Available off plan for delivery in 2022.
Prices start at €3,100,000
Pacha Group opens its first hotel in Formentera
Casa Pacha to open in May 2021
Pacha Group opens a boutique hotel in Formentera.
A 16 bedroom luxury boho chic space, set on the Mitjorn Beach with a relaxed nomadic vibe and true to the relaxed spirit of the island with loads of mindfullness and body care options.
The restaurant will offer farm to table Mediterranean cuisine delivered in an informal beach setting
Private jets landing in Ibiza over Easter
Over 130 private flights registered over Easter
The top end of the market remains pretty firm as over 130 private jets landed in Ibiza over Easter, predominantly from Germany, Mainland Spain & Switzerland.
What else?
Cala Vadella development raise funds by a crowdfunding
€650,000 capital raise though a Crowdfunding
A 12 unit development in Cala Vadella promoted by Azur Estates has closed a financing round through a crowdfunding platform Urbanitae.
The financing offered 8% for a 12 month bridge loan and guaranteed by another development close by already in final closing.
We believe it is the first crowdfunding financing of its kind on the island.
Apparently it was closed out in 24 hours.
Finally some action here could be interesting
The old infamous Aqua Park in Cap Martinet opening soon!
This infamous venue held many a party back in the days!
A major refurbishment has been underway in the past few years and looks like it may well open this season.
The concept is a a day club with pools restaurant lounges and wellness all to delivered in a cool modern Mediterranean setting super well located just on the hills that surround Ibiza town.
Stay tuned !
Adria Brothers & Laliberte part ways at Heart
The Adriá Brothers and Guy Laliberté have parted ways after 5 years and Heart is being passed back to the Ibiza Gran Hotels owners for the moment. It will remain closed this season.
Lets see how all this unfolds no doubt suitors will appear soon for this prime asset
PIMEEF calls for regulation of industrial spaces
PIMEEF the association of small and medium sized businesses in Ibiza and mouth pieces for most of the islands businesses is calling for an updated and clearer regulatory framework for industrial space. A step in the right direction.
The HISTORIC Fiesta Hotel TANIT undergoes major makeover
The JV between Azora and Matutes Group are spending an estimated €40 million on revampng this classic San Antonio family hotel of the 70’s into an adults only under the deluxe TRS brand and IS expected to open in May 2022.
Lets check some numbers
housing starts are picking up
Residential Home sales are picking up!
There has been an increase in residential homes sales quarter on quarter, a while still sharply down on 2019 there are signs of bottoming out and expect the trnd to continue upwards
sharp increase in mortgages issued
Big increase in Mortgages issued
The increase is largely on the back of refinancing and because of the economic restraints and liquidity needs.
listed homes for sale seem to be reducing
Listed offer is off its peak!
Listed offered properties seem to be backing off peak inventory for sale and stable in the premium price point of the market
keep your eye on ...
The New Plan for the Port of Eivissa
The Port de Ibiza, the new plan for the port of Ibiza initiated in 2019 is in the final stages of approval.
The plan calls for an overhaul of the whole port areas and includes parkings, commercial and restaurant areas and new buildings for arrivals and administrative offices.
Can Soleil changes hands
The iconic Ibiza residence of Guy Laliberté infamous for its parties has been sold.
Just off Cala Llentia in the southwest and on the waterfront and definitely one of the top trophy homes one the island.