Low crime in Ibiza pushes property demand up

The low crime rate in Ibiza is pushing demand for property up, according to agents.

The gated community of Vista Alegre on Ibiza's south coast hasn't suffered a single burglary in the last five years – and word has got round. Wealthy buyers are snapping up the multi-million euro homes with Ibiza Sotheby's International Realty reporting no less than nine sales in 2011.

Managing Director of Balearics Sotheby's International Realty, Daniel Chavarria Waschke, says, "Whether the threat of burglary is real or perceived, affluent house hunters place great importance on security. Since local developer Fernando Corominas became president of Vista Alegre in 2007, he has implemented a wave of safety measures including automatic car registration plate recognition for each vehicle arriving at and leaving the development. Add privacy, generous plot sizes and phenomenal sea views across to the Island of Formentera and Vista Alegre has become the place to live in Ibiza."

Established in 1968, development at Vista Alegre stepped up a gear from 2000 onwards. Of a total 210 plots, 130 have been built upon and 18 villas are in the throes of construction right now. Plot sizes range from 1,000m² to in excess of 11,000m², with a permissible build of approximately 40%, and prices vary from 450 euros/m² to 1,200 euros/m² for prime frontline land. A finished villa could go for anything between two million and 25 million euros but the prices do not put people off. To the contrary, German, Dutch, Belgian, Spanish, French, Swiss and British buyers have been looking this year including two Real Madrid footballers and one from FC Barcelona.

Corominas has many examples of his work on display at Vista Alegre, including four currently in build, and each sticks to his firm belief that all buildings should be integrated into the landscape. "Our most in-demand product right now is a very large frontline sea property but, however large, we try to conceal the home within the landscape," says Corominas. "We cover rooftops with grass and gardens, build stunning water cascades and prefer to use terracing to fit the contours rather than mass land movement. Each home also has a "green lung" at its heart, a courtyard of flora that opens to the sky."

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