Spain has always been a popular area in which to buy and sell property. Demand among British homebuyers to own an overseas property – in particular along the Spanish Costas – surged in the first half of 2014.
These statistics all point to a real upturn in the Spanish property marketplace – indicating that there has not been such a favourable time to sell your property in Spain since the economic crisis hit in 2007.
The enduring popularity of Spanish property
The Overseas Guides Company, publishers of the Spain Buying Guide and a free resource for all overseas property buyers, attracted 11,590 on-line enquiries during the first quarter of 2014, compared to 9,685 in the first quarter of 2013. “What was especially notable was Spain being more popular than France, typically the most dominant country for enquiries” said Angelos Koutsoudes, Head of The Overseas Guides Company.
“This indicates a return of confidence in the Spanish market amongst British buyers. The pound’s ongoing strength since the start of 2014 and the UK’s booming housing market and buoyant economy will have contributed to such a bullish first quarter. The unprecedented amount of rain and flooding we suffered in the UK in January of this year will also have spurred people on to invest in a bolt-hole somewhere sunny, and Spain is the natural choice.
“We see no signs of this slowing down throughout the rest of 2014, especially with the pound at record highs against the euro.”
The Overseas Guides Company now has a database of more than 77,000 people interested in buying overseas property and/or moving abroad, with dedicated property experts in each country who have a good understanding of the local market and requirements and can guide potential buyers and sellers throughout the process.