Buying a property in Spain? This is the time!

Buying a property in Spain is popular. The combination of sun, sea and beach makes Spain a very popular holiday destination. Moreover, life is about 30% cheaper than in France and Italy. Take into account that the prices are a lot lower than in those countries, and you understand why buying a property in Spain is very popular.

Buying a property in Spain: Interesting prices

The prices for a holiday home in Spain are lower than what you usually pay in other countries on the Mediterranean, such as France and Italy. This is a result of the Spanish real estate crisis, which ravaged the country between 2008 and 2013, causing prices to plummet by more than 42%. In the meantime, the market is in full recovery and prices are still 25 to 30% lower than in other countries.

Because of these interesting prices, many real estate transactions are noted in Spain. In 2018 there were almost 517,000, the highest figure since 2007. Of all these transactions, almost 13% were carried out by foreign buyers. This is an increase of 7.5% since 2017.

Buying a home in Spain is therefore very popular. In addition, the preference for new construction is striking. In 2018, one in three holiday homes purchased in Spain was new construction. This can be explained by the contemporary trend in which sleek, modern is preferred.

Real estate prices are also rising due to the increase in the number of transactions. In 2018 they were 8% higher than in 2017. Almost all real estate specialists expect more and more transactions and higher prices. So today is really the time to buy a property in Spain.

Costa Blanca popular

The average price per square meter depends on the region in which you buy a property in Spain. The prices in the Balearic Islands (eg Ibiza, Mallorca) and in cities such as Barcelona and Madrid are a lot higher (on average 2275 euros per square meter) than on the Canary Islands and on the Costa Blanca (on average 1200 to 1300 euros per square meter). meter). The latter areas are therefore a lot more popular.

The Costa Blanca is by far one. There is also a big difference between the Costa Blanca and the Costa del Sol. On the Costa Blanca (from Alicante to Carthagena and Murcia) homes are cheaper and you can build a new-build home for less than 300,000 euros. On the Costa del Sol (Marbella) it quickly rises to 420,000 euros and more.

Source: Second Home.nl