Focus on Property Services
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2014 has seen a change in the property market, certainly in the Northern Costa Blanca. One of the most positive aspects has been the return to some extent of the British buyers. Once they were the most prolifi c in this part of Spain for many reasons: an ideal place to retire to, moving for a better quality of life for the family, health and climate reasons, or the popularity of sunny holiday homes within a reasonable fl ying time, making short breaks worthwhile as well as extended holidays. The return of this market has been helped by the positive economic growth in the U.K. giving people more confi dence in making major changes or investments in their lives, and, with a vast upturn in the housing market in the U.K. providing the necessary cash to realise their dreams. Here at Molino Villas in Moraira we have noted a shift in emphasis on the average amount spent on such purchases. For several years, properties at the lower end of the market - 90,000 to 250,000 Euros were most prominent, but, in the last few months, in our experience, the properties in the 300,000 to 400,000 Euro price band have been popular. All of this has been a positive boost to the market, but there have been some unwelcome dampers as well. There has been a steady trickle of people giving up their residency in Spain and scepticism creeping in due to the uncertainty of the approaching changes in taxation for both residents, and non-residents. These changes may well boost the coffers of the Spanish tax man in the short term, but we hear in the long term overseas buyers may well be going elsewhere to places like Portugal, who actively encourage foreign investment and residents by introducing tax incentives. This is probably a reason for a decline in what was a blossoming French market for example. Let’s all hope that 2015 will hold more positive action to encourage investment here! If you are buying or selling visit MOLINO VILLAS, Centro Commercial Kristal Mar 24E, Ctra Moraira-Calpe 0.2km, Moraira. Telephone: 966 492 335, Mobile: 600 541 452. Email:
info@molinovillas.com, website:
www.molinovillas.com.
That was the year that was.
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