2019 is proving to be a good year for the Spanish property market with growth in both Costa Blanca and the Costa del Sol.
For lifestyle Spain is hard to beat, it’s relaxed and easy-going, safe and child-friendly. Life expectancy rose by ten years between 1970 and 2018. At 80yrs for men and 85yrs for women Spaniards have the highest life expectancy in Europe and are second worldwide.
Once again, Spain’s beaches and marinas have more Blue Flags than any other country in the world, a total of 691. In fact, Spain has occupied the top spot ever since the scheme began in 1987.
The Costa Blanca has seen a growing demand for properties in the Alicante area with Torrevieja and Alicante city topping the demand. Both these areas have well priced properties with the trend leaning more to buying apartments.
In these areas we are seeing a demand for both apartments and villa’s, which is not surprising as there are some very good properties to be had.
It has never been a better time to buy a property on the Costa Blanca, prices are still attractive, and it is a popular area for tourists so making it a good place to buy for investment.
Costa del Sol
The Malaga region has seen a steady growth in sales with New Builds still topping the list, with the new developments taking in to account the ecological environment and sustainability; these properties are proving to be future proof and a good investment.
These areas are seen to be good for investment especially holiday rentals as they are all near to beaches, marinas and close to shops and restaurants. Perfect for the holiday maker!
It seems likely that demand for short-term holiday rentals is only going to increase. Spain’s international tourism sector has experienced remarkable growth in the last decade.
There is a close link between rental yields in Spain and the health of the Spanish tourism sector. Currently, Spain is the second most visited country in the world. According to Ministry of Tourism statistics about 35% of Spain’s 80m+ tourists do not stay in hotels. Obviously, some will have their own homes, or stay with family and friends, but that leaves a serious number of overseas visitors renting privately. As a result, rental yields make letting a property in Spain an interesting option. And not just for the buy-to-let investor but also as a way to cover a property’s running costs. Across the board, top quality, prime located properties were 100% occupied in high season in 2018.