Lux family buys Island in Mediterranean because it’s cheaper than apartment in town

A Luxembourgish family are reported to have purchased an island in the Mediterranean for 18 million euros.

The Island, close to Ibiza and Formentera, was sold to the anonymous family just last week.

Benelux News sent their reporters down to investigate and try to get an interview with the island’s new owner who wished to remain anonymous for the time being.

“It was all a bit unexpected really,” said the husband.

“We were looking at apartments in Luxembourg City, but they were all too expensive. In the end, we thought ‘sod it’ and just bought an island. It still leaves us with enough to buy some furniture from IKEA, but we need to go onto the main island of Ibiza for that.”