During Q2 of 2019 there were 16,209 homes purchased across Spain by foreign buyers according to data from Spanish Association of Land Registrars. The market with the highest proportion of property buyers from abroad was Alicante province in the Valencia Region, home to the Costa Blanca, where 41.81% of home sales in Q2 involved a foreign buyer.
Next came Tenerife province in the Canary Islands (28.91%), followed by Malaga / Costa del Sol (27.9%), the Balearics (27.49%), and Girona / Costa Brava in Catalonia (26.04%).
Generally speaking the activity is from predominantly British buyers who aren’t being put off by Brexit ups and downs. And we can see why, as whether buyers are looking to come and live here in Spain or buy a holiday home, the property prices are still very reasonable and Spanish mortgages are available for non-residents.
The table* indicates the popularity of Andalucia and with the fabulous climate, top notch golf courses and great outdoor lifestyle you can see why. This area is only a few hours flight from the UK.
With a General Election looming and the cold weather closing in around the UK, what better time is there to start planning for your new life in the sun. Here at Bromley Estates we have a great selection of properties for all lifestyles and budgets and a multilingual team who know the areas of Andalucia very well.
If you would like to understand the Buying Process here we have a great document to help you, although speaking to one of the members of our team is just as easy. Call us on (Spain) 0034 952 939 460 or (UK) 0044 208 068 7606 or drop us an email on email@example.com.
We have some superb value exclusive developments at the moment.
*Spanish Property Insight
If the Costa del Sol is your destination of choice but you’re not too sure about which areas you should be looking at, don’t worry. There’s more to this fantastic region in the south of Spain than first meets the eye. Aside from fabulous beaches and a temperate climate, living here offers the luxury outdoor lifestyle that means golf, tennis, water sports, paddle, horse riding and many other activities could be part of your daily routine. Here are a few suggestions of where to buy property in the Costa del Sol. You could also read through Buyers Guide to understand the simple process of buying a home here in Spain.
Places don’t get much more fabulous than Marbella. As a well-known upmarket location, it has attracted the rich and famous for decades. You can easily find a dream home as there are so many property types available so a wide range of budgets and size requirements are catered for. There are many reasons to live in Marbella: the temperate Mediterranean climate, the beautiful hills and nearby national parks, some of the most beautiful beaches, the Old Town and the huge range of dining and entertainment options. Overall, Marbella is a popular place to live, with over 140,000 expats and locals calling it home. Step just outside Marbella and you can find lovely areas like Las Chapas, Calahonda and San Pedro – here you can find amazing properties that will tick all your boxes if being in the heart of the action isn’t for you. We can’t leave Marbella without mentioning its opulent marina, Puerto Banus. This is a place to see and be seen with luxury yachts abound.
Located just east of Puerto Banus and Marbella, Estepona is a charming beachside resort town close to all amenities, with the coastal highway that leads to Málaga and the airport a few minutes away. It’s becoming more and more popular and the real estate investments here are growing with demand. For anyone who wants to be by the coast and still experience the traditional Spanish lifestyle, Estepona is the ideal place for you. The whitewashed town centre offers an array of shops, bars and restaurants and is characterized by flower-filled avenues culminating in Flores Square and there is a weekly market down by the marina. A truly delightful place to set up home with a great cross-section of activities and amenities. Investors and homebuyers are constantly on the lookout for property for sale in Estepona.
Known as one of the most prestigious villages on the Costa del Sol, Benhavis is an area well known for its golf and gastronomy. When it comes to investing in property you will find real luxury properties in this super private and exclusive enclave. Though the village itself is relatively small, it really does pack a punch! The quaint town is remarkably unspoilt, with the beautiful scenic countryside surrounding the area. Benahavis is located around 7kms from Marbella and Puerto Banus, so you have all the amenities of those resorts including luxury nightlife, fine dining and superb boutiques not too far from your peaceful countryside location. Properties here are highly sought after especially in the area of La Zagaleta. Residents of La Zagaleta are typically those who value privacy and exclusivity. The exceptional environment attracts many of the rich and famous from Europe, North America, the Middle East and beyond who come to enjoy nature, comfort, luxury, privacy and the exclusivity of this address.
We have detailed three areas to look for luxury properties in the Costa del Sol and there are many more dotted along the coastline and inland. Each resort offers something a little different, so if Marbella, Estepona and Benahavis are not for you, talk to one of our property experts. They know the areas very well and so can help you find the resort that will suit your lifestyle expectations.
Recent reports showed that Andalucia saw numbers jump during the month of August. According to new data, the summer month exceeded all expectations this year after there were 7.6 million more overnight stays in hotels compared to last year, a 4.9% growth.
There are some great places to stay other than hotels and these include properties on Airbnb and Booking.com as well as individual rentals. The number staying in other accommodation reached 2.3 million, an increase of 4.4% on August 2018.
Andalucia boasts a rich cultural heritage as well as superb beaches, top notch leisure facilities and of course the all-important climate to continually draw visitors back to the region. Junta vice president Juan Marin said it was ‘a historic month for tourism in Andalucia.’
Seven provinces stood out from the pack but it was the capital Sevilla which enjoyed the most growth, with a 9.9% year-on-year increase in overnight stays. Other provinces that swelled in visitor numbers include Cordoba, which increased by 7.5%, Granada (6.7%), Huelva (5.9%), Cadiz (4.8%), Malaga (4.4%) and Almeria (1.9%).
This is excellent news for those that have investment properties in Andalucia. There are some truly lovely resorts along the coast that are popular with a great cross section of holidaymakers. From families, to golfers and those just looking to enjoy the luxury and family friendly resorts.
If you are thinking of investing in property, then Andalucia is a great place to start. We have a superb selection of properties ranging from one and two bedroom sea view apartments to contemporary villas and even commercial properties including boutique hotels.
As we have been operating here on the Costa del Sol for many years we understand exactly what international buyers and investors look for when choosing a property. Our exclusive developments have come about because we partner with tried and trusted national developers who build high quality properties in excellent locations.
We market these properties exclusively therefore we know every aspect of the build, the qualities, the site and what is available. Our clients are the first to receive information on these exclusive developments, via our mailing list and many of the properties are sold with that first raft of release.
This week we have been celebrating the success of Pure South Residences where 70% of Phase 1 has sold within the first 4 months and we have now released Phase 2. Situated in an exceptional position overlooking the Mediterranean Sea and the unspoilt beaches of Manilva, a beautiful area of the Costa del Sol in southern Spain, Pure South Residences is a stunning development of highly contemporary two and three bedroom apartments perfectly positioned for enjoying this wonderful part of the coast with amazing onsite facilities and some of the most spectacular sea views in the area.
Oceana Views is another great example of one of our exclusives – Providing some truly stunning sea views Oceana Views is centrally located near the charming village of Cancelada which offers an abundance of amenities within walking distance and in addition some of the most well-known golf courses including La Quinta, Los Flamingos and El Higueral are within a few minutes’ drive. Boasting an exclusive Club House with fantastic social and wellness facilities such as an indoor pool, sauna and on-site cafeteria.
We have exclusives in various stages of construction with some due to be completed at the end of this year such as Majestic Heights, ideal for those that don’t want to wait a long time for their property to be finished, but still want to benefit from the competitive price when purchased in construction stage offering a great ROI. Buying at this stage can also mean there are greater options for personalising your new property whether that be the addition of a pool or Jacuzzi, choice of kitchens and flooring etc. Each developer offers something different. Whether you are an investor looking to add to your portfolio of properties or looking for a holiday home then our exclusives could to be an excellent choice for you.
Contact us today to talk about any one of our exclusive developments.
Property purchases by international investors increased during the first quarter of 2019 (Jan-Mar 2019) despite Brexit being on the horizon according to data on property portal Kyero. This represents an increase of 0.53% annually and an increase of 0.57% quarterly.
In Andalucia 16.10% of buyers were international with 4,380 transactions in Q1 2019. For our region the number of transactions were down by 0.16% but it was still the considerably largest region for purchases.
Nationally sales prices including new properties and resales saw an annual increase of 6.75% and a quarterly change of 1.49%. This shows the market is slowly but steadily climbing again despite political activity in Europe.
It certainly shows people’s hopes and dreams of owning a property here in Spain have not dampened and it is easy to see why. The value of what you can buy for your money here in Andalucia is still excellent. Buying off plan property offers buyers lower purchase prices in some developments which offers an excellent return on investment. Here are a selection of off-plan properties to browse.
The number of new mortgages and loans on property in Andalucia for May 2019 was 9,285, this is an annual change of +15.92% and a monthly change of +15.99%. The new legislation on mortgages that came into effect in June 2019 makes the whole application process more transparent and akin to getting a British mortgage. The acceptance criteria are based around the clients’ affordability.
Tourism is still booming here and the level of resorts people want to holiday in across Andalucia means owning a holiday rental here still pays dividends. With beautiful weather, superb golf courses and stunning beaches Spain is still the favourite of a seasoned traveller.
If you are thinking of buying property in Spain, there has never been a better time. If you have concerns over Brexit and what that will mean, remember we have been selling property to non EU nationals such as Swiss, Americans, Chinese, UAE residents and Russians for many years. Talk to one of our property specialists today who can help you find your perfect property.