Ibiza is losing its magic as luxury VIP parties and sky-high rents force locals to leave in droves. The crisis facing the Spanish island is becoming worse and worse, according to those born and bred there. Unable to move out of their family homes as the cost of living rockets, many young people are abandoning the Balearic island. Others who've moved to Ibiza to work in its luxury superclubs, where entry can stretch into the thousands and single cans of water are flogged for £10, have discovered