How We Live

[stephen]

http://www.ibiza-spotlight.com/news/2009/live_ibiza_020109_i.htm

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.


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.

 

[Morbyd]

So I've been trying to figure out what "unoccupied" means. Are these properties that are used as summer rentals and/or second homes? Or are these homes that are for sale and/or being held as investments?

If it's the latter, with such a glut (1 of every 5 dwellings), you would think that property prices would come crashing down!

 

[weloveliam@space]

So I've been trying to figure out what "unoccupied" means. Are these properties that are used as summer rentals and/or second homes? Or are these homes that are for sale and/or being held as investments?

If it's the latter, with such a glut (1 of every 5 dwellings), you would think that property prices would come crashing down!

A mixture of both. And also inherrited properties that stay unocuppied due to unsufficent funds to maintain the property, hence alot being in bad condition. We get it alot here, especially Spanish from the city.

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.

 

[james]

we see the prices of 1-2-3 bed apartments slowly coming down, but the price of everyone's 'dream' 3 bed house in the country with a small garden remains high. because of the limited amount of land here it is unlikely that these prices will ever fall.

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!

 

[Imagemaker]

swatting unocuppied houses

Does anyone know ? that if one finds a finca that has obiviously been 'unoccupied' and deteriating for some time, can someone just move in and occupy it ?
Is this legally enforced or what ramifications ?