Like many other international property markets, the Spanish Property Market has fallen to a strange standstill. With the unknown of when countries are going to be legally allowed to cross into other countries and when it is going to be safe to do so, the Spanish Property Market has come to a halt. With 16% of the Spanish Property Market being accounted for by foreign buyers and brits accounting for 14% of the foreign market share in 2019, there is no surprise that there will be a backlog of those wanting to purchase a property due to the restrictions in place.
Although the number of people purchasing properties has decreased, this does not mean that the interest in properties has decreased. Due to not being able to function effectively, the Spanish Property Market is now inundated with those waiting for the go-ahead of being able to travel abroad and view their prospective properties and developments across Spain. Coinciding with the development industry still continuing to expand, there are more developments being launched and built-in sought after destinations all across Spain with continuous high demand.
If the Spanish Property Market follows in the footsteps of other countries alike, as a result of the general trend being that many households have saved more disposable income and have been deprived of holidays and visits to international destinations, the demand for property abroad will rise.
View all of our Spanish properties here.
What to do in advance?
With an expected increase in GDP for 2021 from the Spanish Government being 7.2%, followed by the Bank of Spain predicting growth of 5%, there is no better time than now to start looking for your next Spanish property opportunity. With developers and agents alike marketing their projects to locations worldwide, now is the perfect time to do your research into where and what type of development is right for you.
Choosing a trusted developer is one of the most important factors to take into account when thinking about investing in a property. Ensuring that your property is going to be built and finished to the highest standard that reflects the price you are paying is key. That's why at Propuno we only work with reputable and trusted estate agencies worldwide to ensure we take the reservations and worries about investing in a new property away.
Whilst you may be unable to travel at the minute you can use this time wisely to decide and do your research into which location is best to suit your lifestyle requirements and the factors you need to take into account before you make the move.
Our Spanish Property Highlights
4 Bed Villa for Sale - Alicante
Taking the title of 'Tomillo Villa', this signature bespoke property sits within an enviable location. Awarding desirable golf and mediterranean sea views, the property is set overlooking the Las Colinas Golf and country club in a beautiful 330-hectare valley, voted the 17th best golf course in the world. Fitted with quality fixtures and fittings throughout, such as motorized blinds and underfloor bathroom heating, the property also features a magnificent landscaped garden area, home to a luxury private infinity pool, jacuzzi and a grand 400m2 terrace.
The 4-bed villa has been designed to create an ambience of luxury and tranquillity, being a one-off signature bespoke design, this property stands out in the Spanish Property Market.
6 Bed Villa for Sale
Nueva Andalucia, Malaga
Located in one of the most prestigious areas of Marbella - Nueva Andalucia, the completely renovated estate is nestled between a selection of world-class golf courses. The unique elevated positioning of the property allows for complete privacy, offering exclusive mediterranean sea, golf and mountain views. The 6 bedrooms and 6 bathroom property is distributed over 3 levels, with spacious open living areas throughout, completely merging with the outdoor space, comprising landscaped gardens and a swimming pool. Showcasing complete style and modern design throughout...
Alexa Life II - New Development
After the success of Phase I, Phase II of Alexia Life is now available. The luxury new project is located in the sought after area of Las Mesas, situated in an elevated position allowing you to take advantage of some of the best views of Estepona's beaches. Excellently located within walking distance to all of the local amenities of Estepona town, the community is also in close proximity to several top golf courses and international schools.
If you are unsure what property type is for you, from new build developments to traditional villas and houses, at Propuno we are here to help make your property dream a reality. Get in touch with us today and we will put you in touch with an agent that is perfect for you.