:offtop, sorry I just want to clear something up.
The problem that most ex-pat business owners face in Ibiza is that the property is all owned by Ibicencans who are incredibly greedy and are totally lacking in foresight.
Actually the Ibicencans were/are very sagacious in their foresight.
Prior and especially after such programmes as "Ibiza uncovered" the Island's economy suffered badly because of the media coverage given to "party Island", therefore there was a concerted effort by the governor of the Island to try and repair the damage.
You will have noticed the increase in the prices for a holiday on the Island and this was to attract a more "middle aged mature kind of tourist" who are probably able to afford the prices of decent accommodation and hopefully deter the young clubbing fraternity, some of whom would doss down anywhere, even on the beach, so the beach was one target area to focus on and now it is illegal to sleep the booze off on there,(during the night) or finding out the hard way that the Policia give you a kick in the ribs to get up and remove yourself.
They also wanted to deter establishments being rented by ex-pats who wished to make a quick buck and then run, leaving behind the damage that they may have done by trying to turn Ibiza into another typical British "Costa" like the ones on mainland Spain.
Once the culture has gone, it is extremely hard to regain it back, so again the way to deter this was to increase the rents.
Whilst tourism is essential to the Island and finding the right balance to attract tourists and catering for their needs is important, it is also important to remember that an influx of foreigners will not only erode the culture, but also push property prices up and this will put many natives out of the housing market.
Greedy or wise.?
Sanji