Ibiza, among the cities in Europe where they advise investing in this decade

[Irene Erler]

An asset management company assures that the island is a safe value for real estate investors

Although the 2020 Deloitte real estate index predicts that the real estate sector will suffer due to the crisis due to the health pandemic, this is an indicator that causes investments to skyrocket. Villas ibiza for sale

Stephane De Baets, manager of real estate, founder and president of the international asset management firm Elevated Returns, with a portfolio of € 1 billion, explains to Business Insider that in the current and volatile economic situation investors should think long. deadline and be clear that there are cities that will be more profitable than others over time and that, within them, tourist destinations will always tend to revalue.

The expert points out which are the European cities to invest in in the 2020s: Florence, London, Lisbon, Montreux and Zug (Switzerland), Barcelona, ​​Madrid and Ibiza.

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 begin to move to areas with a good quality of life, such as Ibiza, Barcelona or Madrid, De Baets tells Business Insider.

Regarding Ibiza, the manager emphasizes that the island can become a place where senior executives can telework. "For the price of a two-bedroom apartment in New York, you can have a seven-bedroom mansion in Ibiza, a good workplace and a good internet connection," he adds.