How We Live in Ibiza
64,000 dwellings
Some fascinating facts about our lives in Ibiza have been revealed in a study by The Digital Atlas of Spanish Urban Areas. They've catalogued masses of information about our dwellings here and Formentera and the results – in no particular – are:
Numbers: There are 64,000 dwellings, of which 21% are unoccupied in Ibiza and 50% in Formentera. By borough the percentage of unoccupied houses is Santa Eulalia – 28%, Ibiza
– 23%, San Jose – 18%, San Antonio – 12% and San Juan – 5%.
Almost one third of all the occupied houses are not owned, but rented, by the people who live in them.
Typical Apartments
Age: Around 8% of the houses were built before 1900. San Juan has the highest proportion of old houses and Santa Eulalia the lowest.
Size: The most numerous of all the dwellings fall into the size group of 76 to 90 square metres - which is usually a two or three bedroom apartment.
Published 2 January 2009 Stephen White.
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Is this legally enforced or what ramifications ?
but if you are looking for a holiday flat in den bossa, figueretas or san an, now seems like a good time to look.
on the other side of the market, houses above a million seem to be maintaining their prices!
(Mensaje 1257904)
If it's the latter, with such a glut (1 of every 5 dwellings), you would think that property prices would come crashing down!
We have some stuning properties here that are almost in ruin, its a crying shame. Also alot of the time the probate for wills (especially when contested) can take an age, so the property just gets worse and worse.
With regards the prices coming down, yes there will have been a decrease in property prices on the balearics due to the recession. And with the right vendor you will get a good deal here and there. But the Islands will always fetch a premium, and will hold their prices better than the mainland.
If it's the latter, with such a glut (1 of every 5 dwellings), you would think that property prices would come crashing down!