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We are currently finding the property market across the Costa Blanca, Murcia and Almeria extremely buoyant.  The excellent euro/pound exchange rate combined with the keen prices we are seeing right now are a big plus for the buyer.  The media are reporting a growth in mortgage completions, and in some locations prices are now actually starting to rise.

Over the last year we have witnessed changes in the property market, for example, 12 months ago buyers had a high number of options and opportunities available to them which helped to drive the selling price of property down.  Fast forward a year and this is no longer the case in many locations.

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High quality re-sale stock is moving, and moving quickly, which creates demand, and that demand creates an upward price movement. All of a sudden the gap between good re-sale property and high quality new build options is smaller.

The entry level for a new build apartment, in a good location is currently circa 100,000 euro, (approx £71,500.00.)  The new build opportunities on offer right now are with a high level spec and a 10 year build guarantee that makes this option difficult for some to ignore.

New Build Apartment in Villamartin, Southern Costa Blanca – Click on image for details

Whilst at this time the market most definitely favours the buyer, anyone looking to purchase property in Spain should seek advice from an independent lawyer prior to purchasing.  This is to ensure that all obligations of owning a property in Spain are fully understood.  It is also essential for buyers to know how to buy euro in order to maximise their pound sterling’s buying power.

Penthouse Apartment in Ciudad Quesada – Click on the image for details

Your Place in Spain Ltd will always offer the service of a ‘Safe Purchase’ to clients, eliminating any unwanted surprises in the purchase process, and making sure that clients are ‘in the know’ at all times.  Be savvy and be safe.

Rob Lynsdale, Proprietor

Your Place in Spain Ltd

Did you see our feature on Townhouses and Bungalows from across the Costas this week?

A beautiful selection with amazing opportunities – http://eepurl.com/br4zsb

Read more