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World’s Top Island Property Market to Heat Up on New Investment Rules

The world’s hottest island property market is about to get even hotter.

Prime residential prices on Bali, known for its surf and rice-paddy landscapes, surged 15 percent last year, the most among comparable destinations tracked by broker Knight Frank LLP. The cost of villas on the Spanish island of Ibiza climbed 5 percent and in Italy’s autonomous region of Sardinia, they slid 8 percent, the report said.