Spanish and Uk overseas housing market

Post reply   Start new thread
:: New - Old :: Old - New

Pages: 1 |

Forum home :: Latest threads :: Search forums
The Comments
02 Apr 2017 12:48 by briando55 Star rating in Yorkshire. 2004 posts Send private message

I was wondering if Inspecatahome or any other agents or industry professionals could give British people reading this online magazine some feedback. 

What is the real current situation with the housing market sales to Brits right now and any ideas of the way the market is going to go for the next couple of years. 



_______________________

Best wishes, Brian

 




Like 0      
02 Apr 2017 17:15 by DuncanMcG Star rating in Manchester, UK. 377 posts Send private message

DuncanMcG´s avatar

‘We believe that a growing economy, low financing costs, good potential for rental returns and capital appreciation will continue to drive sales throughout 2017 and beyond,’ he said.

But his firm has found that Brexit had a noticeable effect on sales to British buyers in the second half of 2016 but he believes that this was mainly due to the depreciation of the pound rather than concerns about the country’s future in Europe.

‘Across Spain as a whole Brits still dominate foreign sales with nearly a fifth of the market share, more than double that of French buyers, he pointed out, adding that diminishing demand for high end homes in London following Brexit could also see non-EU citizens look to Madrid or Barcelona in the forthcoming months.

He believes that there is still pent up demand from potential British buyers, citing figures that show that overseas searches for Spanish property via Kyero reached all-time highs after the referendum vote in June, up over 50% on 2015. The portal’s largest agents also reported seeing record attendance at UK investor shows.

He predicts that older British home owners with no mortgages on their properties and looking for a holiday home will be tempted to buy in Spain in 2017 and beyond. ‘In short, British buyers age 50 plus who love Spain are sitting on huge equity piles and Brexit didn’t diminish their wealth and as a group, British buyers are getting richer,’ said Speigal.

But he warned that they will haggle over prices and will want to get value for their money. ‘The hunt for value will translate to a key trend in the Spanish property market in 2017 with buyers seeking good value properties that offset the drop in Sterling’s value. Evidence is already emerging of the benefits of this on lower priced destinations, which look set to boom in 2017,’ he added.

http://www.propertywire.com/news/europe/spain-set-robust-property-market-2017-price-rise/

 


This message was last edited by DuncanMcG on 02/04/2017.

_______________________
Never wrestle with a pig. You will both get dirty and the pig will enjoy it.



Like 0      
02 Apr 2017 21:13 by tteedd Star rating in Hertfordshire & Punt.... 957 posts Send private message

I bought and sold in Spain (Costa Blanca) two years ago.

Can't find any similar to the one I sold (built 1983) online, but other prices in that area seem about the same as two years ago.

There are several similar to the one I bought (built about 8 years ago). All are priced higher than the asking price when I bought.

However this may just be a local effect as there are now new similar sized properties for sale close by priced at nearly double this asking price (creating a local market?).

 


This message was last edited by tteedd on 02/04/2017.



Like 0      

Pages: 1 |

Post reply    Start new thread


Previous Threads

EBAY selling from Spain - 6 posts
Health insurance for a period 3/6Months - 4 posts
Constitutional matters in the UK - and their effects on expats. - 58 posts
PVC TRELLIS PANELS - 2 posts
sheds or other buildings - 1 posts
How long does planning permission last - 0 posts
Breathalysers in Spain - 15 posts
Canadian fluent in Spanish and English. Want to move to Spain. Will I have trouble with work? - 4 posts
Testimonial from Adrienne and Irvine Rea regarding costaluz lawyers - 12 posts
Community apartment ,who pays water damage - 9 posts
Android TV Boxes Supplier in Costa Del Sol - 0 posts
Hola! Newbie looking to move to Gran Canaria - 0 posts
IKEA - 2 posts
ILLEGAL SQUATTERS - 26 posts
Late starter for a Spanish mortgage - 16 posts
Drummer wanted - 0 posts
This is the latest police advice to visitors in Spain: - 0 posts
Villa Rental Southern Spain (Costa Calida region) - 0 posts
HELP - LOOKING FOR NEW BUSINESSES - 0 posts
Dog Friendly Beach Fuengirola - 0 posts
Hi all newbie er - 5 posts
Club House - 2 posts
Hi All - 0 posts
Hire a car for the Month of May for €100.... - 1 posts
Month rental - 1 posts

Number of posts in this thread: 3

DISCLAIMER:  All opinions posted on these message boards are the opinion solely of the poster and do not necessarily reflect the opinion of Eye on Spain, its servants or agents.


1 |
Our Weekly Email Digest
Name:  
Email:
   


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x