The real estate portal Idealista.es offers for sale an apartment in Sant Antoni for only 150,000 euros. The property, of 50 square meters, has one bedroom, bathroom and equipped kitchen. In addition, the ad highlights that it has a license for tourist exploitation
The price is striking, as it is well below the market average throughout Ibiza. It is an offer with some particularities. “19459002]It is not an opportunity for those who wish to live in it, use it as a second residence or manage it on their own,” the publication points out. Thus, it details that “it is intended solely and exclusively for passive investors seeking ownership, fixed profitability and zero management concerns.”
The property ensures that “this property is much more than an apartment:is an income generating machine” and that the buyer is offered an assured return of 10% per year of profits “without the need for dedication, without operational risks and with the peace of mind of being the owner”. Of course, an owner can not decide to live there and if you decide to buy, the payment is only accepted in cash.
For the full article, please visit Diario de Ibiza website here.