Proof.
It is clear that (1) implies (2). Assume (2) and let Y \to X be as in (1). Since the fibre products X_ i \times _ X Y are formal algebraic spaces (Lemma 87.15.2) we can pick coverings \{ X_{ij} \to X_ i \times _ X Y\} as in Definition 87.11.1. Since Y is quasi-compact, there exist (i_1, j_1), \ldots , (i_ n, j_ n) such that
X_{i_1 j_1} \amalg \ldots \amalg X_{i_ n j_ n} \longrightarrow Y
is surjective and étale. Then X_{i_ kj_ k} \to X_{i_ k} is representable by algebraic spaces and étale hence X_{i_ kj_ k} has property P by Lemma 87.19.10. Then X_{i_1 j_1} \amalg \ldots \amalg X_{i_ n j_ n} is an affine formal algebraic space with property P (small detail omitted on finite disjoint unions of affine formal algebraic spaces). Hence we conclude by applying one of Lemmas 87.20.1, 87.20.2, 87.20.3, 87.20.4, and 87.20.5.
\square
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