+44 (0) 161 870 2276

info@yourplaceinspain.com

header

Is the rejuvenated Spanish property market about to go in to overdrive?  As we enter the last month of 2015, there are plenty of sound bites suggesting that it may just do that.

 

Demand from British buyers was up by 53% in the 3rd quarter of this year against the first quarter of 2015. As the year has progressed Spanish homes are being snapped by the Brits and guess what… the prices are rising.

The year round Spanish sun & endless beaches attract visitors from all over the world

As Spanish property registrars have documented, property prices have increased overall by around 6.6% since March 2014.  Mortgage acceptances have also increased by some 17% against September 2014.  Property is in high demand, & it is written that there are currently in excess of a million properties for sale across Spain. 

 

Some pessimists may question the credibility of the data, and some will say so they should. However we can only report about our experience in the locations that we work in here at Your Place in Spain Ltd – The North and South of the Costa Blanca, Murcia & Costa Calida and the Costa Almeria too.

Beautiful property in high demand

In our experience on the ground we have had fantastic levels of interest from the platforms used to show our portfolio of properties.  We have had clients queuing for appointments, and even property selling within hours of being put on the market.  

 

We’ve also seen customers place offers for the asking price and be refused as the sellers, quickly realising the high demand of the market, believing that they can achieve more money than first thought! Can we really blame them?

Anyone for Tapas?

Anyone for Tapas?

As the exchange rate is currently sitting at circa 1.42 euro to the pound, for buyers, it is back to the Boom years of 2002 to 2006 when it comes to purchasing property.

 

The ‘double whammy’ on offer this time though is that current property prices are anywhere between 25% and 65% lower than they were in those boom years, & this is a major contributor to the buoyancy of the market in the hot spots.

A Mediterranean lifestyle. The Spanish culture, food & drink.

A Mediterranean lifestyle. The Spanish culture, food & drink.

To cap it all, the new developments currently being undertaken across the Costa Blanca (which we understand to be in excess of 50) are being built, and some of to the very highest standards, to help deal with the demand.

 

So whilst some data will be heavily debated, we perhaps should take on board, and remind ourselves of the reasons for this possible or probable resurgence in the Spanish property market.

Dreaming of owning a property in Spain? Now is a fantastic time to make it a reality...

Dreaming of owning a property in Spain? Now is a fantastic time to make it a reality…

If you’re thinking about buying property in Spain, now is a fantastic time to take advantage of the exchange rate and low property prices. Don’t hang around or leave it too late.

 

Take a look at our website here, and see our selection of property. Let us help you, get in touch today here.

 


One Comment

  1. posted by Robert Edwards on May 25, 2016 at 12:09 pm

    Figures out so far this year show that 21% of all properties sold last year in Spain were sold to foreign nationals and that the largest percentage of foreign buyers were British. However, this is not news, exactly. As long as foreigners have bought property in Spain, the Brtis have been at the top of the list for years. The only difference now is that since the collapse in 2008, the British buyers are now returning, at last. The other topic at present is obviously the uncertainty over the Brexit situation and if it was to succeed, how will this affect Britsh residents and future purchasers in Spain.

    Reply

Leave a Reply