Spain Once Again Top Spot for Property in the World
|Property in the costa del sol continues t be a great buy|
An example of this is that Brits choose Spain ahead of other countries when they buy property abroad, but American buyers will choose to buy a summer getaway in Mexico. This represents just two groups of buyers and doesn’t even take into account the share size of the world.
Even so, recent rankings from TheMoveChannel.com aim to give some form of structure and accuracy to these rankings. The portal has become to the largest site in the world for viewing property, and the Top of the Props index released by the website has become a trusted source among economists and analysts alike.
This is why headlines were made back in February when it was revealed Spain had lost its top spot to the USA. USA property became the hot trend at earlier in the year, accounting for 14.02% of global enquiries.
The April index shows that Spain has reclaimed the top spot once again, as Spanish property now accounts for one in ten search enquiries across the months of March and April. Also impressive is that locations in Spain accounted for 30 of the top 50 searched locations on the site.
This is hardly surprising, given that the Spanish property market picks up steam during the Spring. Foreign buyers have also had a long love affair with Spanish property; a love affair that the data from the Spanish Registrars latest annual report would suggest is continuing.
The report, which was also published just last week, shows 13.25% of the Spanish properties sold during the first quarter of 2017 went to foreign buyers.
There are very few people in the market that are surprised by the news that Spain remains an attraction to overseas buyers looking for property. Those who have always been confident in the appeal Spanish property has to British buyers are taking the fact that Brexit has done little to damage British demand as a chance to rub it in people’s faces and say they told us so.