Spanish property enquiries reach record-breaking levels, Kyero.com reveals
- Largest English-language Spanish property portal records busiest ever quarter (Kyero.com)
- House prices picking up pace in coastal areas (Tinsa)
- €50-€100k price band proves most popular (Kyero.com)
Enquiries into Spanish properties have reached record-breaking levels, Spanish property portal Kyero.com can reveal. The portal for international investors, which lists more than 200,000 homes from 3,000 estate agents, has had its busiest ever quarter, with a newly released report unveiling key facts about the current state of the Spanish property market.
Issue 24 of the quarterly Kyero.com Enquiry Report, covering April to June 2015, enables those buying and selling property in Spain to gauge the likely level of market interest in their area and to make an informed choice when it comes to resale potential.
The Q2 2015 report has revealed that properties costing between €50,000 and €100,000 are the most popular at present, accounting for 28% of all enquiries. Bargain Spanish properties have been snapped up by those from overseas as well as by domestic buyers over the past couple of years, following the price tumble triggered by the global financial crisis. However, it seems that this end of the market is tightening up, particularly in coastal areas. Valuations company Tinsa observes,
“A total of 35 resorts have seen price rises between Q1 2014 and Q1 2015.”
The previous year saw just four of those areas register price increases. The upward movement indicates that those seeking properties in the €50,000 to €100,000 range might soon have to up their budget in order to get what they are looking for.
Spain’s coastal areas are some of its most popular with second home buyers looking for a holiday home with easy access to one or more of the country’s fantastic beaches, many of which hold the Blue Flag accolade. Alicante, home of the Costa Blanca, is the most popular province, according to the Kyero.com Q2 2015 Enquiry Report, with 31% of all enquiries focusing on that region. Malaga was the second most popular area, accounting for 15% of total enquiries.
“Spain’s beaches offer some fantastic, family-friendly holidays and many of those buying here want to own a property within a short walk or drive of at least one beach,” comments Kyero.com Founder Martin Dell.
“Apartments are by far the most popular choice, accounting for 39% of all enquiries during the last quarter – a full 10% ahead of villa enquiries. Many families like the idea of owning an apartment that comes with a shared swimming pool that the condominium company maintains. It’s less hassle and expense than owning a villa with its own pool.”
The Kyero.com report also reveals that it is three bedroom properties that command the most interest, with 32% of all enquirers looking for properties of that size. Two bedroom properties came a close second, with 30% of total enquiries.
So it seems the ideal Spanish property is a three bedroom apartment in Alicante, costing between €50,000 and €100,000. Although Tinsa has hinted at the drying up of this end of the market, for now at least buyers can still find their perfect property – Kyero.com has more than 1,500 properties available that meet these criteria!
For further details on properties to rent and buy across Spain, visit www.kyero.com.