Properties along the Costa del Sol continue to be extremely popular with the British buyers. Data gathered during the past few years from
Conti mortgage specialists has shown that 23% of all the enquiries Brits make
about property in Spain has been for property in Costa del Sol.
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| Costa del Sol continues to be in demand |
45% of all the enquiries that Conti have received in 2016 so
far have been for Spanish properties. During the past three years the most popular regions have been Marbella, Fuengirola, Puerto Banús, Benalmádena and
Sotogrande; also known as the Costa del Sol.
The Costa del Sol did better than the Balearics, which made
up 18% of enquiries, while the Canary Islands accounted for 15% of British
interest.
Surprisingly it was the Costa Blanca that took the top spot
as they pulled in 27% of all enquiries. This is likely because of the fact that
the data comes from the past three years; a period of time in which it was hard
to find a buyer for the higher end properties in the Costa del Sol. At least
for a short time.
The multitude of attractions in the Costa del Sol received
praise from Conti for ensuring that buyers were interested in property there
all year long. During the summer the beaches would be a smash hit of course.
There was still interest during even the winter thanks to the other amenities
including golf courses, bars, restaurants, leisure activities, schools, and
English-language services.
Director of Conti Clare Nessling said that the Spanish
property market is recovering after a tough few years, and that British investors
were beginning to fall back in love with the country. While property prices
haven’t managed to reach their old peak from before 2008 there are still many
signs that the property market is recovering. This is creating confidence among
buyers and drawing more interest to the region.
Data from the National Statistics Institute (INE) shows that
property prices in the country have risen by an average of 4% over the second quarter of 2016, with the Costa del Sol leading the charge.
