News: British sunseekers continue to buy property in Spain
Written by Inmo Investments - 3 May 2017
Strong demand for Costa Blanca property
Real estate prices continue to increase
British buyers are taking a "Keep calm and carry on" approach to Spanish property according to a overseas property experts Kyero.
The findings, published just this morning by The Olive Press, were based on visits to and searches of the Kyero website throughout the previous month.
Kyero overseas property analyst Richard Speigal said "It seems that Brits are happy to take a `Keep calm and carry on´ approach to buying property in Spain". The head of research added "in fact, British visitors to the Kyero website have increased by 30.2% over the past year".
Kyero also report that the latest Spanish real estate data shows that these good intentions are transforming in to sales, with the average price of properties listed with Kyero now standing at €244,000 - an increase of 5.9% over the same period last year.
Locally, the south Costa Blanca is reporting similar increases in asking prices, with Torrevieja showing an increase of 5.1%.
But by far the most impressive statistic is the increase in the amount of completed house sales. Kyero Data reports that Torrevieja enjoyed a 24.7% annual increase in the amount of completed property sales, reasserting that consumer confidence in the local Costa Blanca property market remains robust.
Are you thinking about buying a property in Spain? This weekend our team will be flying to London for the UK´s biggest overseas property and holiday home exhibition.
A Place in the Sun Live kicks off at the Olympia London exhibition centre this Friday 5th May 2017 providing a rare opportunity to meet our property experts. Find us on stand E21 and ask how we can help turn your dreams of owning a home in Spain in to a reality.
Please note: Inmo Investments is a registered Real Estate agency in Spain. We are not legally qualified solicitors, nor are we qualified to provide legal or financial advice, and this editorial publication is provided for information only based on existing publicly available information. We have taken every reasonable precaution to ensure the accuracy of the information, and the authority of the sources of information at the date of publication.
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