Many of the tourists hail from Britain, as Spain remains the most popular holiday destination for the 25th year in succession. The same can be said of the Spanish property market. More Brit ex-pats own property and want to own than there are from any other country.
As today marks the start of the Spanish property buying season, many of the Brits will be tempted away from the Costa beaches to investigate some of the bargain apartments and villas in the resort were they are staying.They will find key ready and resale bargains everywhere in the new hunting grounds of dash for cash developers and distressed sellers facing higher mortgages or off-plan property contracts they cannot afford due to the credit crunch.
Developers and private vendors who are keen to sell property in Costa Del Sol and Costa Blanca will be more realistic about pricing, maybe even accepting an offer at price levels not seen for three of four years in these high demand areas.
One of the affiliates of www.propertyinspain.net is Paul Rossiter, Managing Director of Costa del Sol based specialist land and self-build agency, Carrington Estates. He says: “I think the bottom end of the market, the ’stack them high, sell them cheap’ identikit market has had a big wobble, but conversely, the top end villa market has remained steadfast. Even when Spanish property stocks took a pounding in April, with shares in freefall overnight, there was still no knock-on effect to this sector of the market.”
Mark Stucklin, of the website www.spanishpropertyinsight.com has a final piece of advice for those heading to Spain or those leaving the playa to look for property: “If you do your research, and take your time, you can find great value property in Spain today. But remember that good value is not the same as cheapness, and be prepared to pay a fair price for good quality.”
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