Just days after new figures showed average property prices in Spain are still falling, a specialist website for international investors has seen record interest.
Kyero.com, which lists more than 200,000 homes from 3,000 estate agents, has had its busiest ever quarter, with real estate from €50,000-€100,000 proving most popular.
It has also issued a new quarterly report on the Spanish property market covering April to June 2015, showing apartments are in most demand.
Kyero.com Founder Martin Dell, says, “Spain’s beaches offer some fantastic, family-friendly holidays and many of those buying here want to own a property within a short walk or drive of at least one beach.
“Apartments are by far the most popular choice, accounting for 39% of all enquiries during the last quarter – a full 10% ahead of villa enquiries. Many families like the idea of owning an apartment that comes with a shared swimming pool that the condominium company maintains. It’s less hassle and expense than owning a villa with its own pool.”
The Quarter 2 2015 report reveals properties worth €50,000-€100,000 account for 28% of all enquiries and are being snapped up by overseas and domestic buyers.
Alicante, home of the Costa Blanca, is the most popular province, with 31% of all Kyero.com Quarter 2 inquiries with Malaga second on 15%. Three-bedroom properties command the most interest at 32%, with two-bedroom properties a close second on 30%.
As OPP.Today reported yesterday, the average price of new and resale residential property fell 3.1% in the year to June 2015 to €1,284 per square metre and fell 2.4% in the second quarter of the year, according to the latest Spanish Real Estate Trends report from ST Sociedad de Tasación (ST). It is the second consecutive decrease after marginal increases in the previous two quarters.
The image of Costa Blanca is from FreeImages.com.
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