- This topic has 14 replies, 6 voices, and was last updated 14 years, 8 months ago by
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http://www.spanishpropertyinsight.com/buff/2010/02/02/the-buying-opportunity-of-a-decade/#more-3913
Take a look at this, sounds great doesn’t it. Especially if you don’t know the area. When you have a google zoom it’s not quite so near that bit of beach, seems to be a main road infront and then another urbanisation. Looks a fairly large development too. Some lovely places in Ibiza but stick to the ones already built not the off plan.
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@alanrthornton wrote:
BEWARE OF IBIZA.
GREAT PLACE FOR A HOLIDAY, BUT ITS ONLY SEASONAL.
CALA TARIDA 25 YEARS AGO THE BEST IT HAS TO OFFER, BUT NOW OVER DEVELOPED. PLUS ITS QUITE EXPENSIVE, AS THEY SAY ITS AN ISLAND SO EVERYTHING COSTS MORE. I KNOW I HAVE PROPERTY THERE.ITS VERY QUIET IN THE WINTER AS WELL, AND CAN BECOME QUITE CLICKY.
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Katy,
The correct link is:
http://www.spanishpropertyinsight.com/spain/balearics/ibiza/les-terrasses-de-cala-tarida.htmThere is nothing deceptive about the publicity you refer to. Naturally it focuses on all the positives, but sensible adults understand that about publicity. It doesn’t contain any false claims, and is clearly signed as publicity. Yet you accuse me of deceptive advertising. Your accusation is not only baseless but offensive.
Anyone interested in a holiday apartment in Ibiza should definitely know about this development. That’s all there is to it.
It’s a couple of minute’s walk to the beach, as described.
I think it might be the best deal in Ibiza today, which is why I agreed to feature it. You get a brand new property on better terms than a comparable resale. That may suit some people, in which case they will be pleased to know about it.
People who aren’t interested, aren’t interested. They can ignore it.
Alan, you say “Beware of Ibiza. Great place for a holiday.” Well, precisely.
Of course it’s seasonal. Nobody ever said it wasn’t. These are summer holiday homes with the added bonus of good potential as summer holiday rentals.
Yesterday I was talking to a rental agent in Ibiza with no connection whatsoever to this development. He estimated gross rental yields of more than 10%. In his opinion 3 bed apartments could expect up to 36-40k rental income per annum. He also said that the rental market in Ibiza is very buoyant this year and certainly returned to pre crunch levels. His advice was buy a whole block if you can.
Cala Tarida is more developed than it was 25 years ago, no doubt, but it’s ridiculous to call it over-developed by Spanish standards.
It go to Ibiza a lot, and I don’t find it any more expensive than, say, the Costa Brava. Anyway, it’s not meant to be a cheapo destination. It’s a bit more glamorous than that.
I don’t know what you mean by “clicky”. Doesn’t sound too bad though.
Mark
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Mark
i spoke about Ibiza as I’ve lived there for some time. work and rest.
my wife is in love with it.
we have many Spanish friends who live there. probably more than English.
when in business there it was clear that it would nearly always cost more than the mainland, because it had to be shipped in, no more than that.
as far as clicky, only meant as a guide line that in the winter there is not an awful lot to do, and as we had lived there i can talk of this from experience.
this was all said as a guide line to help others if considering a life change.
for me though mainland Spain even when we were living in Ibiza was always going to be my final home.
rightly so cala tarida is not yet over built but compared to 25 years ago i think then yes it is.
reason being the vast amount of properties there in winter will be empty.
even last year there were a lot of empty properties even in summer.
from my experience when living there, i had a very busy music bar, and i could tell within a few pellas how much i would take that evening just looking down the road. then in the mid 80s the road would usually be full of people in may/June, Sept/and halve of October.July and august much less but oddly would take a lot more money, because it would change then to the younger set, less people more spent on drink.
as I’ve been back on regular visits as is similar with the mainland its easy to tell just by looking down the road to see how many people there are in the evenings. may/June is normally the busiest time in Ibiza as a rule for families but its now frightening to see the roads at night almost empty. one thing has occured to me that i have just remembered that the spanish would say to me, when there was a dip in tourists which would be over a period of time it would take 7 years to return back to the so called good times.according to the Spanish.
To make 1 last point if giving advise I would strongly recommend to anybody not to go to Spain thinking they could make a living or otherwise with a bar or restaurant for the foreseeable future. if you are unsure about that just go on the web sites and see how many are available, which should tell you all you need to know. -
@alanrthornton wrote:
ITS VERY QUIET IN THE WINTER AS WELL, AND CAN BECOME QUITE CLICKY.
GREAT PLACE FOR A HOLIDAY, BUT ITS ONLY SEASONAL.
At last – we have an example of ‘insight’ from AT Esq.!
So Ibiza is only “seasonal” – meaning?? ….. it’s quieter in the Winter???
Doesn’t that go for most areas that cater for tourism?Living on an island myself, we rather enjoy the different seasons. Buzzy bordering on manic in the Summer (Easter to end September) with lots of visitors, then enjoying the peace of the off-season – having the beaches to ourselves, enjoying meals with friends round log fires, wrapping up and taking long walks which often we can’t do in the hot Summers. Without this contrast in seasons and pace of life, it would be rather monotonous.
As for a place being rather ‘clicky’ – does it matter if the ‘clique’ consists of good friends? If you are as obnoxious with people in life as you are on this forum, it wouldn’t surprise me if you find yourself on the outside of any ‘clicky’ group.
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Sorry to be sceptical about this, but generally when anyone pushes anything, property or otherwise, to be the right time to buy with such praise, then it’s not the right time. It reminds me of the old marketing days. If it sounds too good to be true, then it is, and with a 30% drop on exchange rate it is still not wise for Brits! Trust your own judgement!!!:wink:
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The real test for these apartments is whether in 10 years time they will be seen to be a real bargain which I doubt with current exchange rate and 11% completion costs compared to say buying something similarly priced in the UK in 10 years time with much lower completion costs as well as no poor exchange rate.
When the Euro flips round maybe 30%, then these apartments could be worth substantially less in todays sterling value but that’s just my opinion maybe! 🙄
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