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Spanish portal reports record demand

Posted by: In: Real Estate 17 Jul 2015 Comments: 0 Tags: , , , , , , , , , , ,

Spanish property portal Kyero.com has reported a record level of demand from overseas buyers, as bargains are snapped up before they run out.

The portal says it has had its busiest ever quarter between April and June 2015, with properties costing between €50,000 and €100,000 proving the most popular – the lower end of the market currently accounts for 28 per cent of all enquiries.

The report follows research from valuations company Tinsa, which found that the number of bargains on the market is slowly drying up, as a total of 35 resorts saw price rises between Q1 2014 and Q1 2015 – up from just four in the previous year.

“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 – 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.”

Where are the most bargains being hunted? 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, Property Investment, Spanish property

Source:: The Movechannel


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