Sharp Rise in Spanish Property Enquiries in 2016
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| Buying property in Costa del Sol is taking off again |
The index shows that the number of searches to do with
Spanish real estate has doubled in 2016 over 2015. Spain is dominating the top
50 rankings too.
Spain has 15 different locations in the list of Top 50
destinations. This is more than Italy, which has 14, and France and Portugal.
Rome was the number one but Spanish Benidorm placed third, which was 13 places
higher than its 2015 position. Malaga came in at sixth to help secure the best
Spanish performance in the Hotspots Index.
Dan Johnson, director of TheMoveChannel.com said that Spain
has gotten off to a great start in 2016 with plenty of interest from overseas
buyers. The Q1 2016 Hotspots Index comes with a weakened pound against the Euro
after a strong 2015 for the pound. There is a lot of optimism about the real
estate market in Europe though and especially in Spain. This makes European
real estate one of the best investment options on top of it being a preferred
destination for people looking for a better life. Spain offers lower prices,
better rents, and low mortgage rates.
Costa del Sol property for sale becoming the most popular property hotspot further
shows the importance foreign demand plays in the recovery of the Spanish real
estate market. British buyers are trying to find properties in already
established expat communities. This is bringing up the price and reducing the
supply of properties in these coastal areas. While the “Brexit” may be coming,
there’s still plenty of British property buyers investing in the Costa del Sol and all throughout Europe.
