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Great Britain's Prince William finally popped the question to his girlfriend of seven years, Kate Middleton — an announcement which has everyone jumping for joy! In honor of the royal engagement, OK! takes a look back at the couple's romantic holiday in Ibiza, Spain (2006), and judging by Kate's hot bikini body, it's no wonder the handsome prince wanted to seal the deal with a proposal!

OK! GALLERY: THE ROYAL ROMANCE OF PRINCE WILLIAM & KATE MIDDLETON The prince and Kate, both 28, have been dating since 2003 and met while they were both studying at St. Andrew's University in Scotland. This  morning's announcement from the British royal family comes after much speculation that the duo was very close to marriage. OK! NEWS: PRINCE WILLIAM ENGAGEMENT TO KATE MIDDLETON FINALLY A REALITY! "They make a lovely couple, they're great fun to be with and we've had a lot of laughs together," said Kate's parents, Michael and Carole Middleton, via CNN. "We've got to know William really well. We all think he's wonderful and we're extremely fond of him. We wish them every happiness for the future." Prince William reportedly proposed to Kate during a private vacation in Kenya last month, but the couple decided to wait to make the big announcement. They are expected to tie the knot in London next spring or summer. OK! GALLERY: GROWING UP ROYAL — THE LIFE OF PRINCE WILLIAM  width=

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