• Buyer enquiries up 64% in September 2016
• Kyero.com search activity outperforming Rightmove Overseas by 4 to 1
• User numbers up 13% year on year

In the first set of full quarter results since the UK’s shock Brexit decision, leading Spanish property portal Kyero.com has reported that business is booming.

The company had already reported a record-breaking August and has now confirmed that Q3 2016 ended with an even stronger September. In fact, September 2016 was Kyero.com’s busiest month ever.

Richard Speigal, Head of Research at Kyero.com, comments,

“The interest we’re seeing in Spanish property is unprecedented. Buyer enquiries are up 64% year on year. The Brexit process certainly doesn’t seem to have dented the British love of Spanish property, although the weaker pound has meant that buyers are now considering the top end of their budgets more carefully. It’s been a record-breaking summer for Kyero.com and we’re excited to see if this incredible level of interest is maintained as Q4 progresses.”

September buyer enquiries totaled 62,596 during the month (an increase of 64% since September 2015), while overall users rose to 434,367 (a year on year increase of 13%). As indicators go, the figures certainly point to Brexit doing nothing to dampen British enthusiasm for second homes and retirement properties in Spain, particularly considering that that 27% of Kyero.com’s users are British.

Kyero.com’s success over the summer months has been such that the site has moved into a leading market position, outperforming its nearest competitor (Rightmove Overseas) by four to one based on search activity (Rightmove Overseas reported a rate in Spain of over 500 leads per day in June 2016, or around 15,000 per month, compared with Kyero.com’s 62,596).

So what’s next for the record-breaking portal?

Richard Speigal reveals, “We’ve already invested heavily in making the user experience of Kyero.com one of the friendliest on the market. While that work continues, we’re also focusing on supporting the agents who list with us to maximise the site’s potential. We’re taking a comprehensive approach to ensuring that anyone who is buying or selling Spanish property can do so with ease.”

Kyero.com covers all regions of Spain and the Spanish islands. Trending searches currently include properties costing an average of €110,000 in Torrevieja, €349,000 in Estepona and €144,000 in La Marina. Marbella is also still popular, with average property prices of €543,000 according to Kyero.com’s latest data.

For further details visit www.kyero.com.  

• 62% of enquiries in September were for properties costing €150k or less
• Interest in properties costing €250k or more is falling
• Top 5 Spanish destinations all boast average enquiry price of €150k or less 

“Brexit isn’t denting Brits’ love for Spain, but it is taking a bite out of their budgets.”

This is the message from the latest market report from leading Spanish property portal Kyero.com.

The company’s Spanish Property Report September figures reveal that buyers are beginning to trim their budgets, with enquiries falling on properties over €250,000 and increasing on homes costing €150,000 or less. Overall for the month, 62% of enquiries were for properties costing less than €150,000.

Richard Speigal, Head of Research at Kyero.com, comments,

“September has thrown up the first visible effect of Brexit on the Spanish holiday home market. Overseas interest remains extremely buoyant but buyer budgets have notably reduced.

“With British buyers making up 21% of foreign house sales in Spain (and 27% of Kyero.com’s traffic), the strength of sterling is important. Its fall since the referendum has reduced purchasing power, but seemingly not people’s willingness to buy abroad.

“If Brits do drive a harder bargain it is possible we will see some localised discounting in the coming months, particularly in provinces where they are most active such as Alicante and Malaga. On the flip side, the ballooning price of property in the UK has gifted the 50+ age group enormous power to purchase second homes. With an abundance of property for less than £90,000 and a market returning a steady 5% per year, Spain remains a hugely compelling option.”

Kyero.com’s analysis of trending destinations emphasises buyers’ pursuit of less expensive properties.

The top five destinations were all priced at €150,000 or less. Torrevieja was the most popular area for enquiries during September, with an average price of €110,000. While that kind of money wouldn’t go far in the UK, in Torrevieja €110,000 is enough for properties ranging from a three bedroom penthouse apartment just 200m from the sea to a picturesque townhouse close to the beach.

Homes at Murcia’s Alhama Golf Resort were the second most enquired after location during September, with an average price of just €73,000. Properties in LLiria were next, at an average cost of €110,000, which is sufficient to buy a detached, four bedroom villa with its own pool.

The fourth most popular destination – Alicante – saw prices rise to an average of €144,900, which is enough for anything from a three bedroom apartment with communal pool to a four bedroom country house with pool and barbecue. Corralejo, on the island of Fuerteventura, took the fifth spot, with an average price of €150,000 – enough for a range of contemporary villas close to the beach.

With 434,000 users in September and 62,596 recorded property enquiries, Kyero.com’s research provides significant insights into the state of the Spanish property market and in particular the impact that British buyers are having. Brits are the single largest overseas nationality in the market and their actions are significant as a result. Analysts will be watching carefully to see the knock on effect that Brexit may have on Spanish house prices as a result of British buyer activity over the coming months.

For further details visit www.kyero.com.  

• Inaugural UNWTO Global Conference on Wine Tourism attracts delegates from nearly 50 countries
• In Spain, well known La Rioja region is cheapest wine-producing area to buy in (Kyero.com)
• Dominio de Pingus is Spain’s most expensive wine at $898 per bottle (Wine-Searcher)
• Catalonian wine region will set oenophiles back the most when it comes to bricks & mortar (Kyero.com)

Wine tourism’s position as an important global element of gastronomic tourism has been cemented by the holding of the 1st UNWTO Global Conference on Wine Tourism in Georgia. The event attracted tourism experts, wine professionals and policy makers from nearly 50 countries, all looking to expand upon the considerable success of this global tourism sector.

Data compiled by leading Spanish property portal Kyero.com has revealed how wine tourism can play into other factors within a country, such as the property market. Kyero.com’s data reveals the ideal second home locations for all those with a love of Spanish wine.

The world’s third largest wine producer and its biggest wine exporter, Spain has earned a loyal following around the globe for its robust reds, crisp whites and delightfully drinkable rosé wines. Wine tourism in the country is popular among those who want to explore Iberia’s culinary delights. Now, Spanish wine lovers can take their passion one step further and pick up the perfect property as well as the perfect plonk, thanks to Kyero.com, the main source of trusted information on buying a home in Spain.

Martin Dell, Director of Kyero.com, comments,

“Many of those who visit Spain regularly delight in the country’s cuisine and particularly in the wines that are produced here. We wanted to take this one step further and look at how much it would cost to purchase a home in each of Spain’s main wine-producing regions. I think many people will be surprised to find out just how affordable it is to live in the perfect location for enjoying local Spanish wines within easy reach of the vineyards they came from.”

According to the Cámara de Valencia, La Rioja is “considered to be the foremost wine tourism destination in Spain and a world leader in the field.” The area is known for its vibrant and fruity and rosé wines and its distinctive, oak aged reds.

Yet according to the Kyero.com data, La Rioja is the joint cheapest wine region when it comes to purchasing property, coming in at an average of just €1,300 per square metre. Those on a budget can pick up a one bedroom, one bathroom apartment in the pretty city of Logroño – the autonomous community of La Rioja’s capital – for a mere €29,200. That’s the same price as just 70 bottles of the region’s priciest vintage, Contador.

Equally affordable, at €1,300 per square metre, is Cadiz province, in the Andalusia wine-producing region. Prices in the Andalusian city of Jerez de la Frontera – a name which fans of sherry will be familiar with – are even more affordable, at just €1,100 per square metre. But it’s not just bargain basement properties that can be picked up in Jerez. This six bedroom, three bathroom country house estate with swimming pool is priced at €768,750. The accommodation is split across two houses, with excellent equine facilities including stables, tack storage and a barn for hay and raising foals, as well as extensive meadowland and farmland.

Ourense province is the next cheapest wine region when it comes to property purchase prices, coming in at €1,400 per square metre. Home to the Ribeiro Wine Route and part of the autonomous community of Galicia, Ourense is known for its young, light wines full of fruity and floral notes. The whites are particularly good and make the perfect accompaniment to shellfish, cured meats and light cheeses – so perfect for an al fresco lunch in the Spanish sunshine.

Wine lovers looking for a base in Ourense will be delighted by this impressive, seven bedroom 19^th century manor house, which comes with swimming pool, three car garage and plenty of land, including mature walnut, hazelnut, palm, oak, chestnut, magnolia, fig and cherry trees complete with automated irrigation system. The property is on the market for €450,000.

At the other end of the price scale in Ourense comes this two storey house with 70m² vineyard for just €16,000. Needless to say the property could do with some work, but it does have running water and comes with five pieces of land that cover more than an acre, so would make an ideal project for someone looking to take their love of Spanish wine to the next level by owning their own vineyard.

Over in Burgos, one of just four provinces where Denominación de Origen Ribera del Duero wines are produced, property prices reach an average of €1,450 per square metre, according to Kyero.com. The area has more than 170 wineries and 18,000 hectares of vineyards, according to Berry Bros & Rudd. The reds rival those produced in La Rioja, with no whites permitted.

The Ribera del Duero region is famed for being home to Spain’s most expensive wine: Dominio de Pingus, which has an average Wine-Searcher listing price of $898. Not only is the wine produced from a tiny plot of extremely low-yielding tempranillo grapes, but the loss of 75 cases of the already-rare vintage in a shipwreck in 1997 saw the price nearly double.

For less than the price of just 37 bottles of Pingus, oenophiles can pick up an 18^th century country home surrounded by forest and rolling countryside in Burgos province. The €29,000 property includes three bedrooms and one bathroom. It is in need of total refurbishment. Two further houses on the same plot are for sale for €50,000, with the owners happy to negotiate for a quick sale, meaning a buyer with the right vision could bag an incredible bargain in this stunning region.

Vastly more expensive than the other regions is Spain’s priciest winemaking area: Barcelona province. Prices in the province as a whole are distorted by the high costs of real estate in the Catalonian capital city, meaning that the average price is €2,250 per square metre.

Catalonia’s wines are as fiercely independent as its people, according to Wine Enthusiast, with full-bodied reds coming from vines that soak up not just the sunshine but also the minerals of the granite, fractured slate and chalk soils in which they are grown.

Wine lovers looking to live close to the region’s vineyards will be delighted by this four bedroom country house with summer porch and pool at Vilafranca del Penedes, which is on the market for €450,000. The spectacular views extend for miles around – perfect for enjoying some of Spain’s best wines in the peace and fresh air of the countryside.

Buyers wanting their own vineyard, rather than a view of someone else’s, have plenty of choice in Spain. Commercial opportunities include this working Chantada vineyard registered on the Board of the Qualified Denomination of Origin Ribeira Sacra, complete with two storey property, for €120,000. An operational wine cooperative near Chantada is also for sale, priced at €450,000. The property comes complete with a hectare of vines and a vast array of modern equipment with a production capacity of 200,000 kg.

Those looking for a slightly smaller scale venture will be delighted by this two bedroom farmhouse with vineyard near Asco and the River Ebro, on the market for €169,000. A tasteful renovation has modernized the property while retaining the original features and there’s even a wine store outbuilding for storing wine produced from the vineyard. What oenophile could ask for more?

For further details on the perfect homes to buy in order to enjoy the wines of Spain, visit www.kyero.com.  

• Expert Guide to Retiring in Spain downloaded 2,000+ times in 6 weeks (Kyero.com)
• Inbound visitor numbers to Spain to exceed 80.3 million by 2012 (Canadean)
• Brits aged 55-64 outstrip other nationalities in searching for property in Spain (Kyero.com)

Newly released data from Spanish property portal Kyero.com has revealed that the British appetite for retirement properties in Spain remains strong, with Brexit seeming to have done little to dampen the plans of older Brits to spend their golden years in the sunshine.

Launched just six weeks ago, the Kyero.com Expert Guide to Retiring in Spain has already been downloaded more than 2,000 times. The figure indicates the strength of the level of interest in Spanish retirement properties, from apartments with pools in Marbella to luxury villas on islands like Tenerife.

Meanwhile, data from visitors to Kyero.com has shown that those approaching their retirement in Britain are more likely than their European neighbours to seek out the perfect property in Spain.

36% of Brits who searched Kyero.com in July and August 2016 were aged between 55 and 64 years old. That compares with 33% of French, Belgian and Swedish site users in the same age range, 32% of Dutch users, 24% of Germans and 20% of Italians.

Kyero.com Director Martin Dell comments,

“Brexit doesn’t seem to have curbed British buyers’ enthusiasm for purchasing property in Spain. We’re still seeing a high volume of searches from retirees and soon-to-be-retirees who are looking for an escape from the colder winter weather in the UK. Spain offers the ideal solution – it’s a quick and cheap flight away, there’s almost year-round sunshine and a balmy climate in many areas and the healthcare is excellent. Whether buyers are looking for a holiday home for occasional use or a more permanent abode, interest in Spain remains very strong.”

Spanish tourism figures certainly reflect the country’s continuing popularity with holidaymakers. Spain has topped the global Travel and Tourism Competitiveness Index ranking for the first time, according to the World Economic Forum’s Travel and Tourism Competitiveness Report 2015, while inbound trips increased by 4.8% for the year, to a total of 68.1 million visitors.

The Iberian country looks to be on track to remain a key tourism destination for the rest of the decade, with Canadean’s Travel and Tourism in Spain to 2020 report projecting growth at a CAGR of 3.3% over the course of 2016-2020. Such an increase would result in inbound visitor numbers reaching 80.3 million by 2020.

Rising visitor numbers bode well for the Spanish property market. International buyers accounted for 18.02% of all property transactions in Spain in Q1 2016, according to the Ministry of Development. Kyero.com’s Martin Dell comments,

“Many visitors to Spain cannot resist the country’s charms. Spain offers a wealth of activities for tourists, from beautifully designed golf courses to all the pleasures of the seaside. Rising international visitor numbers spell out a healthy future for the country’s property market, as tourists look to purchase their own slice of the sun-kissed Spanish lifestyle.”

For further details, visit http://www.kyero.com/.

• Reductions of €500,000 and more follow in wake of Brexit vote
• Bargain hunters enjoying discounts on everything from seaside villas to country homes
• Kyero.com rounds up some of the biggest post-Brexit bargains

The repercussions of the UK’s decision to leave the EU will be lengthy and far reaching. Nor is it just the country’s own property market that will feel the results of the Brexit vote. According to Spanish property portal Kyero.com, which connects would-be property buyers with their dream homes across Spain, the post-Brexit ripples have already reached Iberia. Director Martin Dell comments,

“We’ve definitely seen movement in the Spanish housing market that has resulted from the UK’s ‘leave’ vote. There are some Brits who own property here who are now looking to sell up fast, rather than face the uncertainty that the Brexit decision has brought about. The result is that we’re seeing some fantastic post-Brexit bargains on the market: bargain hunters will be delighted to see some of the discounts available on everything from cosy apartments to premium villas right now.”

At the upper end of the market is this luxurious, contemporary villa with pool in Estepona. Previously on the market for €3.995 million, the villa has been reduced to €3.45 million, providing one lucky buyer with a jaw-dropping discount of over €500,000. This gorgeous four bedroom villa with pool and terraces overlooking the whole of Barcelona has also been reduced by more than €500,000, down from €2.5 million to €1.95 million.

The middle of the market is also packed with post-Brexit bargains. This four bedroom villa in Javea, split over three levels and complete with pool and sea views, has been reduced by more than €100,000, with the asking price dropping from €695,000 to €590,000. Also on the coast, in Moraira, buyers can enjoy a €100,000 discount on this five bedroom villa with pool and barbecue area, which is now on the market for €549,000.

Even buyers with €250,000 or less can take advantage of the post-Brexit bargains available in Spain right now. This semi-detached house with pool, barbecue area and large, mature garden with fruit trees has been reduced to €250,000 from €279,000. Meanwhile this country villa on the outskirts of the pretty village of Simat de la Valldigna comes complete with private pool, mature gardens, barbecue and carport, with a discount of €15,000 knocking the asking price down to just €121,000.

“It’s definitely the time to shop around when it comes to Spanish property,” continues Kyero.com’s Martin Dell. “There are some fantastic bargains to be picked up and buyers can enjoy impressive discounts on everything from country villas to seaside splendours.”

For further details, visit http://www.kyero.com/. For the latest data on the state of the Spanish property market, visit data.kyero.com.