Spanish second stay still over 30% cheaper than on peak!

A second stay in Spain remains a great alternative to the savings account. Prices have risen since the low point in the crisis, but the latest figures from the Spanish notarial profession show that they are still a lot below the peak price. For example, in the Costa Blanca region most popular with Belgians, you still pay 34 percent less.

During the third quarter of this year, the average price in Spain was 1,638 euros per built-up square meter. That is a long way from the 2,101 euros just before the outbreak of the crisis in 2007. To be precise: 22 percent. “In the most important region for second stays, the Costa Blanca with famous cities such as Alicante, Benidorm, Denia and Torrevieja, the differences are even greater. You now pay an average of 1,524 euros there, while at the peak it was 2,296 euros. So you still benefit 34 percent compared to more than ten years ago, "insiders say.

Impressive figures

The attractive prices explain why a large number of foreigners still choose to buy a second home in Spain. “The British are in the lead, but the Belgians are the fourth largest group and were 944 in the third quarter of this year. If you look at the figures over a longer term, they look even more impressive: in a period of barely five years about 15,000 compatriots a place under the Spanish sun. "

Better than ever before

Specialists predict the coming years but a slight increase and even stabilization is not excluded. It is therefore still a good time to invest. There are not many alternatives and Spain is a very stable country that can be reached quickly and easily. Perhaps buyers are even doing a better thing than ever before. The real estate agents do not expect the continuing popularity to raise prices. “Specialists predict a slight increase in the coming years and even stabilization is not excluded. It is therefore still a good time to invest. There are not many alternatives and Spain is a very stable country that can be reached quickly and easily. Maybe buyers are even doing a better thing than ever before. "

“The new-build projects have evolved enormously, because both in terms of quality and architecture are very close to what we Belgians want. And there is something for everyone: close to the beach for sun lovers, on a golf course for sporty types and a little more inland for those who love the peace and authentic Spain. "

* In Belgium the price of an ordinary house in 2007 was 172,076 euros. In 2017 that had already risen to 234,317 euros. That is an increase of 36.2 percent. Source: Statistics Belgium

acknowledgment: Spanjevandaag.com