As the euro/pound exchange rate continues it’s upwards spiral and hits a 7 year high today, there is news this week that the Costa Blanca is one of the top locations leading the market recovery in Spain.
Things are looking really positive, and now is a fantastic time to buy your property in Spain.
The southern Costa Blanca is currently a hot spot for new build projects. According to those figures released this week it is the new build property that is really driving the property market, furthermore, developers are now starting to increase property prices in this location.
Here at Your Place in Spain Ltd we’ve certainly seen the rise in demand for new build ourselves. As the exchange rate continues to rise, re sale vendors are demanding a higher selling price resulting in the purchase price for a re sale property constantly rising too. This also means that when it comes to a re-sale property, the choice of low cost opportunities available is reducing.
Our advice for our clients when this has happened has been to look to new build / off plan property, and take a closer look at the opportunities available…
Why New Build??
- These properties are brand new opportunities, using the latest materials, latest designs and technology, and all with a 10 year builders warranty
- There is a great choice of fantastic locations, close to all amenities. Whether it is coastal, golf or property within a town that you are looking for, there really is something to suit most buyers’ requirements.
- Affordable new coastal properties – 2 bed 2 bath apartments are available from an entry level price of 99,000 euro / £76,250
- Bank Guarantees for required stage payments
- Usually completed within 12 months
Throughout the months of February & March we have also been offering a €1000*contribution to the purchase of new build and off plan properties, in order to maximise their value. Want to read more about this? Just click here.
The future is looking bright for the Spanish property market!
*Terms & Conditions apply*
