Spanish Sales Surge in Renewed Investor Confidence

April 21st, 2010

A surge of foreign lifestyle buyers and investors has split the Spanish property market. Sales are up 200% in some regions compared with 2009 – despite the Bank of Spain claiming that last year was the worst in a decade for foreign property investment in Spain.

Parts of Spain are doing really well at the moment but there are two completely different markets. The split has seen lifestyle buyers choosing less built-up areas such as the Axarquia, where prices are at their most affordable level for years. Meanwhile, investors are looking for distressed bargains in over-developed locations such as the southern Costa Blanca.

Building restrictions in the Axarquia over the last few years have kept stock levels relatively low, while a glut of homes has emerged in other destinations on the Costa del Sol. In areas like the Axarquia and Colmenar the offer is quite limited already. The British know Andalucia is a premium location and are taking advantage of interesting current prices.

Story from OPP

Related posts:

  1. Confidence Growing In Spanish Property Market
  2. Home sales up 7pc in Q1
  3. Spanish Property Market Is Recovering
  4. Upward Trend Continuing for Spanish House Sales
  5. Holiday Home Bargains in Spain

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