The Spanish Property Price Guide from Kyero.com is essential reading for anyone buying or selling Spanish property
If you are thinking about reselling your off-plan investment, the
Spanish Property Price Guide, published monthly by Kyero.com, is
essential reading. Compiled from almost 75,000 resale properties, the
Kyero team produce up-to-date statistics on average property prices
nationally, regionally and for each property size, as well as providing
graphical information on the trends of the property market in each
province.
If you are looking to purchase off-plan in Spain, be it your
first holiday home or sixth investment property, your first point of
action should be to check out the Summary Price Guide and Big Picture
graph which lists the average property price in each province of Spain
as well as by property size (e.g. 1, 2, 3, 4 or 5 bed). You can then
use this figure as a guide to whether a property in your preferred
development offers realistic growth potential, is under-priced or
over-priced - in both instances it is important to find out why.
When deciding in which development to buy, you can use the
Price Trend graphs to view the property market trend in each province
compared to the national average. This is a useful tool as it will
allow you to see if an area is up-and-coming, has remained stable or if
prices are falling. Utilising these statistics will equip you with the
necessary information to make a duly diligent property purchase.
For those looking to purchase a second property in Spain for investment
purposes, both the Summary Price Guide and the Enquiry Reports produced
by Kyero are invaluable.
For example, if you are looking to buy an off-plan property in Spain to
gain rental income as well as capital appreciation, you can use the
Kyero guide to compare the popular provinces of Malaga (Costa del Sol)
and Alicante (Costa Blanca). The average property prices for these
provinces are €304,000 and €217,000 respectively, illustrating that,
when compared to the current national average property price of
€240,000, Malaga is 26% above the national average whereas Alicante is
10% below.
Looking further at the trends in each province reveals that prices in
Malaga have remained relatively consistent around the €300,000 mark in
comparison to Alicante where prices have fallen steadily from €250,000
in December 2005 to €217,000 today. Of course, as with all data,
figures are open to interpretation but this might suggest that the
Malaga market will remain stable but highly priced whereas the Alicante
market will either continue to fall or indeed experience an upturn.
If you have an off-plan property to sell, the Spanish Property Price
Guide is also a great reference tool, as it will tell you the current
average property price in each province so that you can put your
property on the local market at a competitive price and increase the
chances of a quick sale. These figures are also useful for you to quote
to an appointed agent if you feel that they have under or over-valued
your property.
To download your free Spanish Property Price Guide, Enquiry report and Big Picture graph please visit http://www.kyero.com/price_guide/
Written by
Martin Dell
Kyero.com