Despite the so-called January cost, the beginning of the year is traditionally a good time to find new home buyers and, as such, forms a powerful indicator of the future evolution of the market. Everything seems to indicate that this 2017 Spanish real estate sector can continue to breathe easy.
International buyers continue to make up the bulk of demand in the Spanish real estate market in 2017, according to data provided by Kyero real estate portal. Despite this international dominance, the national buyer rebounded, with an increase of 41% over the same period of the previous year.
The latest data collected by Kyero also show a clear dominance of the British buyer, adding about 317,000 monthly visits on Kyero.com. Not surprisingly, according to the EY Study Center report, Spain is the third European country best placed to receive investments leaving the United Kingdom by the Brexit.
This is especially positive for a real estate market, Spanish, where British buyers are still the most powerful nationality.
As usual, the main demand of these foreign investors is still that of coastal houses and apartments between 50,000 and 250,000 euros, adding two out of three inquiries of this real estate portal. Average prices continue to dance around 245,000 euros, although there has been a growth of 6.9% over last year.
If you are looking for properties, new or second hand, in the Costa Blanca or Costa Cálida, in towns like Ciudad Quesada, Torrevieja, Guardamar del Segura or Santa Pola, check out our property catalog. Barceló Real Estate is part of the Barceló Group, a firm with more than 20 years of experience in the real estate sector.
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