Market heating up in Spain!
It would appear that it’s not all doom & gloom within the Spanish property market as Atlas International are reporting healthy interest & buying activity by investors. Good news for anyone selling a property in Spain, as the market seems to be being driven by two sectors of demand.
Areas such as Marbella which have remained relatively under developed are attracting buyers who are driven by a lifestyle change. Property prices in Spain have seen values cool by around 40% over the past couple of years, making property in such areas affordable rather than decadent. Over developed regions such as the Costa del Sol, & the glut of repossessed properties held by the banks are now beginning to attract the substantial interest of buyers looking for investment opportunities.
Property sales in Spain have risen by 200% in some regions according to developers such as Taylor Wimpey, with Marbella seeing an increase in first quarter sales by foreign investors up by 150%. This all shows that despite the gloom buyer confidence is returning and there plenty of deals to be had.