Buying and selling in the 2019 Spanish Property Market
Property Mail talks with Property expert Peter Bowerman about the Costa del Sol property market.
T
he Costa del Sol is still Europe’s favourite destination and as the name would suggest, Costa
del Sol (Sun Coast) has around 320 days of sunshine a year and an average temperature of 20°C. Having one of the best microclimates on the planet means beautiful long summer evenings spent socialising or relaxing outside, lazy days on one of the numerous sandy beaches and golfing on some of the best golf courses in the world. Te Costa del Sol offers an incredible lifestyle, with beautiful Marinas, chic designer shops, traditional Spanish
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Tapa’s bars serving fine Spanish wines and glamorous seafront restaurants with their Michelin star Chefs. Living well in Spain is still very affordable, with food and drink prices below the E.U. average. Spanish market reports show that property
prices have continued a steady growth over the last five years, with evidence that it is likely to continue at a sensible and sustainable rate. Helped by significant International demand, affordable house prices, a rise in investment from a variety of financial institutions and a flourishing Construction Industry. Spain
was also reported as being one of the best countries for the cleanest and safest beaches in the world by the Association for Environmental Education and the Consumer (ADEAC). It would seem that beautiful “Blue Flag” beaches, a quality lifestyle, dining al fresco and low property prices are all very alluring to the British buyers, who regardless of Brexit, remain the largest group of foreign buyers, followed by the French, Belgians and Scandinavians, all jostling for position behind them.
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