What is the Spanish Real Estate Market Doing?
Ian Waudby
Date: 21 Mar 2024
Read: 3 min
If you’re reading this article, it is because you are considering buying a property in the sun. It could be for retirement, or family holidays or only investment, but an important question will be – “Is my money safe?”.
In the last month there has been noted that real estate in Spain has out performed the Euro sector, and continue to grow year-on-year:
Source: Eurostat
The Economist published this article on the 6th Feb 2024 that highlighted the shortage of property and how this is producing a Bull Market driving up prices in their major cities. Touristic real estate has the same characteristics and the Costa de la Luz, Ayamonte and Isla Canela have a shortage that where only 30% buyers can find new homes. New buyers in Costa Esuri are for the first time residential sales for family use and also many of these buyers are from Portugal. Having these type of buyers gives security to the market and good growth…
Currently, we are making a study on price rises and already we are seeing individual villas have inflated by 11.4% in 2023 in Costa Esuri, Ayamonte. We will publish these numbers in the coming weeks, but prospects look positive.
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