Buy Property in Ciudad Quesada
The foreign buyer boosts the second home market in Spain
The second home market is growing again. A decade after its collapse, sales on the coast increased at a two-digit pace driven mainly by foreigners, who in 2016 made 13.7% of all purchases.
In provinces like Alicante they even accounted for half. This is despite the fact that the purchases of the British, the main customers, lost bellows throughout the year by the devaluation of the pound. But the recovery goes through neighborhoods. The provinces with more stock of the time of the bubble and that depend on the national tourism are still behind. In contrast, in others there are already cranes to accommodate more foreigners who want to have their second home in Spain.
According to the Registrar's Association, last year foreigners bought 55,512 homes in Spain. This represents an increase of 18.8% over the previous year and 13.74% of all sales, one of the highest proportions of the historical series.
The effects of Brexit are beginning to notice.
The British are the first foreign buyers of housing in Spain. Last year they purchased 10,552 homes, 13.74% of purchases from foreign clients, according to the Registrar's Association. That is 6% more than last year, but registrars warn that British purchases take four quarters.
Petra Hönig helps you buy property in Ciudad Quesada.
Take a few moments to browse through our unique catalogue of properties, where you will find the latest and finest selection of properties in and around Quesada, Villamartin, Orihuela Costa and Guardamar.
Our experienced multi-lingual staff based in our Quesada head office and Villamartin offices on the Costa Blanca will be able to help you with every aspect of your Spanish property purchase.
In Petra Honig, from your first contact with us we will endeavour to identify your requirements and provide you with relevant options that fall within your budget and will help you find the best value for your money that is currently available when buying a Spanish property. We specialise in both Resale and Brand new homes, to suit all budgets, both on the coast of the Costa Blanca and further in land.