Oct 01
Who are the people who live on Ibiza?
2003 at 06.19 am posted by Veerle
The latest town hall figures reveal that almost 20% of the island’s population are foreigners. Approximately half of this number are from EC countries, with the Germans topping the list, and the rest are from North Africa and South America, with Ecuador providing most immigrants.This influx of people has pushed up house prices whilst wage rates remain comparatively low. Ibiza is now second only to Madrid in terms of house prices but the low wages make life difficult for young people on the first rung of the housing ladder.
It seems that the average age that young people are able to leave the family home for one of their own is 30 - 34, and they spend a whopping 75% of their income on the home! (source: Ibiza-Spotlight.com)
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