Ibiza, among the cities of Europe where it's advised to invest
An asset management company ensures that the island is a safe value for real estate investors.
Although Deloitte's 2020 real estate index predicts that the real estate sector will suffer due to the crisis caused by the health pandemic, this is an indicator that causes investments to skyrocket.
Stephane De Baets, real estate manager, founder and president of the international asset management firm Elevated Returns, with a portfolio of 1,000 million Euros, explains to Business Insider that in the current volatile economic situation, investors must think long-term and be clear that there are cities that will be more profitable than others over time and that, within these cities, tourist destinations will always tend to increase in value.
The expert points out which European cities to invest in in the 2020s: Florence, London, Lisbon, Montreux and Zug (Switzerland), Barcelona, Madrid and Ibiza.
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The prediction is that with this crisis "some real estate developers will have to get rid of their inventories and the property will be worth much more in three years" and many people will start moving to areas with a good quality of life, such as Ibiza, Barcelona or Madrid, says De Baets to Business Insider.
Regarding Ibiza, the manager stresses that the island can become a place where top executives can telework. "For the price of a two-room apartment in New York, you can have a seven-room mansion in Ibiza, a good place to work and a good internet connection," she adds.
Original article on Diario de Ibiza. Photo by Michael Tomlinson on Unsplash
