News: Spanish property market continues to surge
Written by Inmo Investments - 7 Jul 2016
Spanish property market report: Q2 July 2016.
It has been a busy last few months with strong sales in all areas of the Costa Blanca. We have experienced a growing demand across all price bands with value-driven buyers looking to maximise on their investment, with an increased interest in properties which might suit use as a holiday or second home.
The sustained and continuous improvement in economic conditions in Spain, and the ongoing problems in Eastern Mediterranean European countries, continue to make Spain an attractive place for second home owners and property investors alike.
Fresh figures from Spanish independent property valuation firm Tinsa, reveal that the average price of a home in Spain rose by 0.8% year-on-year during the second fiscal quarter of 2016, thanks in part to a rise in the number of foreign buyers acquiring property in Spain.
This is the third quarter in a row to show annual growth in Spanish property prices. But despite improving market conditions, Spanish property prices remain significantly below pre-crash levels continuing to offer great value, with the average price of a property in Spain 41% below the market high of 2007.
Global research and credit ratings specialist Moody´s echo the positive outlook, reporting that they expect Spanish property prices to increase nationwide by 5.0% over the course of 2016, as a result of the continuing recovery of the Spanish real estate sector, driven by better economic conditions and the lowest mortgage rates since 2011.
And just a few days ago, Property Wire reported on the influx of non-EU buyers from Latin America and the Middle Eastern countries, keen to snap-up prime Spanish investment property nationwide, with some North European property markets traditionally favoured by big investors dogged by financial insecurity.
With Spains´ economy predicted to grow by 2.6% this year (more than Germany and the United Kingdom), and with a record-breaking year for the tourist industry in Spain already underway, we expect a sustained increase in demand for Spanish property throughout the year.
Villa - Resale - Los Altos
Spain - Costa Blanca South - Los Altos
Spacious detached villa for sale with additional living space is situated in the popular area of Los Altos , within walking distance to a good selection of amenities. The property is distributed over 3 levels which can be utilised as 3 separate apartments or could be made into 1 very large villa that would easily cater for a large family The main part of the property comprises a sizeable living room with dining area, independent fitted kitchen, family bathroom, double bedroom and master...213 450 4 3
Town house - Resale - Los Altos
Spain - Costa Blanca South - Los Altos175.000€
Completely key ready town house situated in Los Altos on the border of Punta Prima and La Florida . The well located property for sale offers 120m2 of living space and comprises 5 bedrooms, 2 bathrooms, lounge/dining room, separate kitchen and utility/storage room. Set on a very spacious 80m2 plot totally sunny and boasting South facing aspect with low maintenance tiled garden, onsite parking and a separate gymnasium. Sold furnished with all necessary extras such as air conditioning,...120 80 5 2
Villa - Bank repossession - Vistabella
Spain - Costa Blanca South - Vistabella232.683€
Detached villa at Vistabella . The villa for sale offers 3 bedrooms, 2 bathrooms, very spacious lounge/dining room, independent kitchen and sizeable garage and underbuild for ample stoage and multiple vehicles, which could be converted into further living space. Great outside space with rooftop solarium, South facing terrace overlooking the private swimming pool and gardens. The property has never been lived in so is in good condition internally, but is in need of maintenance and TLC in...254 110 3 2
Penthouse - Resale - La Zenia II
Spain - Costa Blanca South - La Zenia
Top floor bunaglow apartment for sale with impressive solarium and sea views in La Zenia . The bungalow boasts 2 double bedrooms with fitted wardrobes, full bathroom, very spacious lounge/dining area and open plan kitchen. Outside space is impressive with a 10m² balcony terrace and private rooftop solarium with an outstanding 45m² and providing sea views. Community offers swimming pool for residents.The property for sale offers a sought after location at the Zenia Sol complex in the...64 2 1
Semi detached villa - Resale - Benijofar
Spain - Costa Blanca South - Benijofar235.000€
This superb large, semi -detached villa is presented for sale in excellent condition and has been maintained to a very high standard. The property offers a spacious 3 bedroom, 2 bathroom family accommodation positioned perfectly on a 305m2 plot. It takes full advantage of its south facing aspect and has ample space for all kinds of outdoor living and entertaining. There are large open terraces, a large shaped swimming pool and a raised covered terrace that overlooks this pool.From the covered...126 305 3 2
Villa - New build - Finestrat
Spain - Costa Blanca North - Finestrat850.000€
Luxury new build detached villas for sale with private swimming pools in Sierra Cortina, Finestrat . Each property offers the choice of 3 or 4 bedrooms, 3 bathrooms. spacious lounge/dining room, modern open plan kitchen. Properties offer from 326m² of build size dependent on model, and plots of 715m² which boast a 5m x 10m private swimming pool, garden and subterranean garage. Built to an exceptional standard with plenty of design choices to make your home your very own , and delivered...326 715 3 3
Garage - Resale - Torrevieja Centre
Spain - Costa Blanca South - Torrevieja
45 car parking spaces for sale in undeground car parking lot. Located in the heart of Torrevieja and perfectly situated in the busy town centre. A fantastic opportunity. Contact us today for more information.1.000 0 0
Town house - Resale - La Marina
Spain - Costa Blanca South - La Marina118.000€
For sale this beautiful corner townhouse with large garden and private garage in the Res. Esmaralda Playa - La Marina. Contact Inmo Investments today to arrange your appointment to visit.103 3 2