Now is a great time to list your property for sale
Property Mail talks with Property expert Peter Bowerman about the Costa del Sol property market.
Te 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 outside, lazy days on the sandy beaches and some of the best golf courses in the world. Te Costa del Sol also offers an incredible lifestyle with beautiful Marinas, chic designer shops, traditional Spanish Tapa’s bars serving fine Spanish wines and glamorous seafront restaurants with their Michelin star Chefs. Tis year we experienced a fabulous hot dry Autumn so I guess we should welcome a few weeks of rainfall during the end of Oct / November
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to revitalise the drying landscape and lakes. 2019 has seen many Europeans return
to the market for buying a luxury second home / investment on the Costa del Sol. Te Spanish property market has always relied on overseas buyers, but the 2007 world wide financial crises stopped many potential buyers from taking the plunge, as battening down the hatches and keeping cash reserves to survive the recession was upmost on everyones minds. Most of these buyers have been keeping an eye on our website / newsletters for many years and are now finally ready to buy the dream holiday home they always wanted. Luxury areas like the Costa del Sol are
taking off again with steady 5% a year price increases, which are expected to continue for the years ahead. Also, Costa del Sol property prices are still around 25% less than they were in 2007, giving serious growth potential, which obviously excites investors. Many of which, will subsidise mortgage costs by renting the property out during the months they do not use it themselves. Although genuine bargains are already getting harder to find, we still have some incredible deals available all along the coast being sold by banks and law firms with amazing clearance discounts, so contact us now if you are looking for a genuine bargain.
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