News: How long does it take to sell a property in Spain?
Written by Inmo Investments - 4 Dec 2017
How long does it take to sell a property in Spain?
Successful selling: Costa Blanca property focus
Did you know that it takes an average of 9.1 months to sell a property in Spain? Properties on the Costa Blanca take an average of 10.2 months to sell, faster than at beginning of 2017.
It is one of the most common questions someone selling their home in Spain asks an estate agent, and it is one of the most difficult questions to answer in a real estate market so full of variables.
There are properties out there that sell straightaway and there are homes that dwell on the market for quite some considerable time.
Quality of location and proximity to facilities plays a huge part in assuring a rapid sale for any Spanish property, but that said, every buyer is unique, and each property buyer comes with a unique list of needs and wants.
The most recent data for the third quarter of 2017 comes from TINSA, the leading property valuation company in Spain, and shows a sharp drop in the length of time that properties spend on the market.
On average it takes 9.1 months to sell a property in Spain. At the beginning of the year, the average length of time a property spent on the market before finding a buyer was 9.9 months, and in 2016 the nationwide average waiting time was 10.5 months.
Locally, the latest figures released for the Alicante Province show that it takes an average of 10.2 months to sell a property on the Costa Blanca, down from 11.0 months at the beginning of 2017.
How long does it take to sell a property on the Costa Blanca?
That means today, the average Costa Blanca property sells 7.3% faster than it did at the beginning of the year.
Neighbouring Murcia is also exhibiting a positive shift towards speedier selling, with the average time taken to sell a property on the Costa Calida reduced from 12.0 months to 11.3 months over the course of the year.
Perhaps unsurprisingly, homes in the nations capital sell the fastest, with properties in Madrid being snapped up in just 4.5 months on average.
Barcelona property takes an average of 6.6 months to sell, while homes in the historic city of Segovia spend an average of 15.2 months to find a new owner.
As the Spanish property market increases it´s dynamism, the length of time required to sell a home is reducing substantially, particularly in popular areas such as the Costa Blanca.
The Alicante Province has been a firm favourite with foreign nationals looking for a place in the sun, attracted by prices that are still amongst the most attractive in Europe.
In addition, with new build property figures failing to meet expected industry targets, and the supply of bank repossessed properties drying up, Spanish
resale properties are enjoying increased levels of demand and rising prices that are predicted to continue in the coming year.
If you are selling your property in Spain during 2018, speak with us. We specialise in selling villas and apartments in Torrevieja, Villamartin, Playa Flamenca, La Zenia, Ciudad Quesada, Campoamor, Punta Prima, and throughout surrounding areas of the Costa Blanca and Orihuela Costa.
With our class leading marketing and Europe-wide reach, we can help to reduce the amount of time your property spends on the market and find a buyer for your home as quickly as is possible. Find out more about how we can help you, or contact us today.
Land - Resale - Cabo Roig
Spain - Costa Blanca South - Cabo Roig1.600.000€
Well located plot in Cabo Roig, second line to the sea offering 1360 sqm size. Ideal for a building project of an invididual VIlla or house. Cabo Roig offers a great location in the centre of Orihuela with lovely beaches, little bays, the boats harbor and the promenade that connects Campmoamor with Cabo Roig, la Zenia, Playa Flamenca and Punta Prima. See more properties in Cabo Roig Find villas in Cabo Roig Find apartments in Cabo Roig Your estate agent in Orihuela Costa:...1.360 0 0
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Traditional Spanish style, ground floor apartment for sale , located close to the Blue Flag Cabo Roig beach at Bellavista I. This ground floor apartment consists of a glazed porch area leading to lounge with working fire-place and air conditioning, a fitted kitchen, two bedrooms ( main bedroom with A/C) and bathroom . Sold fully furnished, very well presented and key ready. Outside space offers large terrace for al fresco dining and sunbathing. Set on a pretty complex with gardens,...60 45 2 1
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Spain - Costa Blanca South - Cabo Roig137.000€
Top floor apartment located at Cabo Roig, beachside at Calas de Capitan. This well located apartment offers 67m2 of living space and comprises 2 bedrooms, 1 bathroom, ample lounge/dining room with American style open plan kitchen and stunning terrace with panoramic sea views and a very sunny South facing aspect plus garden of 14m2.The property has been fully renovated and is in exceptional condition, fully furnished with air conditioning plus private parking. Charming community offers...67 2 1
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Spain - Costa Blanca South - Cabo Roig1.200.000€
Luxury villa with 5 bedrooms, 700 m2 plot with private pool in Cabo Roig. Luxury villa in the marina of Cabo Roig, Orihuela Costa. Luxury villa on a plot of 711 m2 with a beautiful garden with orange, lemon and palm trees, pool, jacuzzi, barbecue area and a summer kitchen. The villa is built on two floors plus solarium. On the ground floor there is a spacious living room with access to the pool and gardens, kitchen with storage room, office, 1 bedroom with bathroom en suite, toilet and...195 700 5 5
Bungalow - Resale - La Regia
Spain - Costa Blanca South - Cabo Roig110.000€
South facing and sunny bungalow style apartment for sale , located at La Regia , Cabo Roig. The property offers 65m2 of living space and comprises 2 bedrooms, full bathroom, ample lounge/dining room, large fully fitted kitchen with access to the rear patio terrace, front porch and terrace plus spacious corner garden of 97m2. The property will be sold unfurnished but equipped with white goods, air conditoning, fitted wardrobes, ceiling fans, secuirty shutters and grilles. Community offers...65 97 2 1
Apartment - Resale - La Regia
Spain - Costa Blanca South - Cabo Roig
Well located, Villas San Jose 2 ground floor apartment for sale situated in the ideal location of La Regia , a popular area between Cabo Roig and La Zenia . The apartment offers a sunny South East facing access and offers 2 bedrooms, bathroom, lounge/dining room, separate kitchen and utility area. The property has front and rear garden/terrace with off road parking to the rear. Sold fully furnished and key ready. Set on a sought after community and located only a few short steps to the...50 95 2 1
Quad House - Resale - Lomas de Cabo Roig
Spain - Costa Blanca South - Cabo Roig219.000€
Immaculate and modern quad villa for sale in Lomas de Cabo Roig. Built in 2015 and in perfect condition, with exceptional quality throughout. The property offers 2 bedrooms, 2 modern bathrooms (one en-suite) an ultra-modern open plan kitchen, and a spacious living room with sliding patio doors to the garden. The downstairs bedroom features patio doors, whilst the upstairs bedroom has floor to ceiling picture windows with views across the Mediterranean gardens. Outside space boasts a...81 148 2 2
Villa - Resale - Beachside
Spain - Costa Blanca South - Cabo Roig1.700.000€
Outstanding detached villa for sale only second line to the beautiful Cabo Roig beach. Set in a prestigious location, the villa offers 265m2 of living space and comprises 4 very spacious bedrooms, 3 bathrooms, W/C cloakroom, sizeable lounge, dining room, entrance hall and super sized kitchen with further dining space. Set on a very private 1450m2 plot with lush gardens, sun terraces, swimming pool, 2 car garage and ample on site parking. Sold fully furnished and equipped with many extras...265 1.450 4 4