Spain enjoys flying start to 2016
- Spanish property portal Kyero.com records 25% Y-O-Y rise in sales enquires (Q1 2016)
- Jet2 adds more flights to Girona increasing passengers numbers by 40,000 for summer
- Spanish house sales roseby over 26% Y-O-Y in January 2016 (General Council Notaries)
The Spanish property market is set to have a great year if current figures continue, according to Kyero.com. The leading English-language Spanish property portal has already recorded a staggering 25% year-on-year rise in enquiry levels in Q1 2016.
Back in December 2015, Kyero.com predicted that 2016 would be a bumper year for Spain and it certainly looks likely with latest GDP figures showing a 3.4% growth, more than twice the Eurozone average, confirming the company’s forecasts for an economic rebound.
“Our positive forecast for the year is looking probable at the moment. We suspected that there would be a rise in international property transactions and our latest data reveals that international buyers generated over 100,000 sales enquiries in Q1 2016. This confirms the upward trend reported by the Spanish Ministry of Development back in Q4 2015.
“Enquiry growth has been strongest on the Canary Islands (particularly Tenerife), while Alicante province retains the crown as top spot for overseas investors, attracting over 33,000 enquiries.”
The General Council of Notaries also published new statistics last week revealing that in January 2016 the number of house sales in Spain increased by over 26% compared to the same period in 2015. This amounted to 27,568 property transactions and highlighted the 28% rise in apartment sales and 33% in resales.
Sales Manager of boutique Spanish property agency Ideal Homes International, Andrew Jepson, concurred, commenting,
“We have had an influx of enquiries for both new build and resale properties in Spain since the start of the year. The majority of enquiries have been from British buyers who are feeling more confident in the market and we had a particularly successful show at A Place in the Sun Live in Manchester last month where we took 300 enquires and have already booked 10 inspection visits to Spain.
“Talking to buyers at the live event, it was apparent that those looking for a second home in the sun are being driven towards ‘safe havens’ such as Spain. Tourism is guaranteed, airlines regularly add more flights and the Spanish economy is on the rebound.”
Initiatives such as the Costa Brava’s ’Year of Golf & Gastronomy’, which is celebrating 50 years of golf in the region, help to drive tourists to Spain’s sunny shores. Budget airline Jet2 have added three more routes to Girona (the Costa Brava’s main airport) from Glasgow, Manchester and Newcastle which increases passenger numbers by a further 40,000.
They say that Spain has something for everyone and this is indeed true, the diversity of properties available for sale is extreme. Today on the Costas buyers can choose from a land plot at €10,000 to a nine bed luxury villa at €20,000,000! Apartments though do start from a more modest €13,600 so there really is something for almost every budget.
Kyero.com’s Martin Dell concludes:
“Our agents are all telling us a similar story – enquiries are up, viewings are up and 2016 is going to be a bumper year in Spain.”
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