The simple truth is, that the Spanish property market is FLYING right now, in Spain and particularly on the Costa del Sol. It’s as if the pandemic never happened, and there are no signs of it slowing down.
As far as we can see, prices are stable throughout. We haven’t seen house prices coming down, contrary to what many would think in the wake of the pandemic. The good news for buyers is, that they don’t seem to be rising either.
WHO IS BUYING?
There are a lot of Scandinavian and Dutch clients around at the moment, as well as a steady flow of Brits. As always, Brits continue to be the largest percentage of international buyers here on the coast.
If you read the UK tabloids, British citizens are fleeing the country, but the statistics paint a far different picture. The Brits love Spain and if anything, there are now more British residents here than ever.
There are over a million British property owners here, 400,000 of which are residents with the majority residing right here on the Costa del Sol.
Brexit seems to have pushed people the other way, particularly those who were sat on the fence before and who have got money in the bank ready to invest. A warmer climate and a preferable work/life balance is looking more attractive than ever, and Spain’s popularity means people will continue to invest their money here.
SUPPLY & DEMAND
The biggest problem we are experiencing at the moment is stock, or lack of it.
”If you like a house, either you purchase it immediately, or you lose it!” El Mundo 16/11/21.
Clients are losing properties after making heavily reduced offers. Don't be fooled into thinking that people are desperate to sell, because that’s simply not the case.
Our advice is, if you find a property you like. Make a reasonable offer and move forward on it…QUICKLY!
NOW IS THE TIME TO INVEST!
Take a look at this quirky frontline apartment in Puerto Banus, Marbella. How stunning is that clock window! This unique 2 bedroom property is less than 100m from the Marina, on the door step of Hermes & Dior and in the same building as Versace. For Sale for €895,000 Click here to see the video.
Click here to see the full property listing!
LOCATION, LOCATION, LOCATION!
Newly renovated apartment, 2nd line to the beach in the best area of Puerto Banus. With 3 bedrooms with 2 bathrooms, a few steps away from the beach, boardwalk, an array of amenities, commercial centers and the luxury boutiques. This is the perfect investment with great rental potential! For sale for €640,000 exclusively with Buena Vida Spain.
Follow this link to see the full details of this exclusive listing in Puerto Banus.
SPANISH PROPERTY OWNER?
If you are a property owner in the Marbella area, and you are considering selling, please get in touch! We have pre-qualified clients ready to buy!
At Buena Vida Spain, we have 20 years experience in the Spanish property market and we pride ourselves on our professional & personal service. So please don't hesitate to get in touch for an informal chat about your options. We look forward to hearing from you!