Enquiries for Spanish property have reached a record hig, according to one portal. Kyero.com says that it has just had its busiest ever quarter in the three months to June 2015, thanks to the wide number of affordable properties on the market.
Indeed, the recent Greek financial crisis has contributing to a weakening of the euro, which has boosted the spending power of overseas investors in the country.
According to Kyero, therefore, properties costing between â¬50,000 and â¬100,000 are the most popular at present, accounting for 28 per cent of all enquiries. However, it seems that this end of the market is tightening up, particularly in coastal areas. A recent study by valuations company Tinsa found thata total of 35 resorts have seen price rises between Q1 2014 and Q1 2015, up from just four in the previous year.
The upward movement indicates that those seeking properties in the â¬50,000 to â¬100,000 range might soon have to up their budget in order to get what they are looking for.
Spain’s coastal areas are some of its most popular with second home buyers looking for a holiday home with easy access to one or more of the country’s fantastic beaches, many of which hold the Blue Flag accolade. Alicante, home of the Costa Blanca, is the most popular province, with 31 per cent of all enquiries focusing on that region.
Malaga was the second most popular area, accounting for 15 per cent of total enquiries.
“Spain’s beaches offer some fantastic, family-friendly holidays and many of those buying here want to own a property within a short walk or drive of at least one beach,” comments Kyero.com Founder Martin Dell.
“Apartments are by far the most popular choice, accounting for 39 per cent of all enquiries during the last quarter â a full 10 per cent ahead of villa enquiries. Many families like the idea of owning an apartment that comes with a shared swimming pool that the condominium company maintains. It’s less hassle and expense than owning a villa with its own pool.”
While supply may be drying up, though, demand is not slowing down: on HomesGoFast.com, Spain is now the most popular country, accounting for almost one in 10 all enquiries in countries around the world.
