Spanish property portal Kyero.com reports record month with unique enquiries up 93%
- Soaring enquiry levels makes January 2015 record month for Kyero.com
- Unique enquirers up by 93%, enquiries 90%, page views 26% and visitors 10% (Kyero.com)
- €6.05 billion spent on property by non-Spaniards in first 9 months of 2014 (Ministry of Public Works)
Leading Spanish property portal, Kyero.com, which lists more than 175,000 homes from 2,500 estate agents, has seen a huge surge in enquiries during 2015, with January representing the company’s biggest ever month.
Unique enquirers on the portal were up by 93%, enquiries by 90%, page views by 26% and visitors by 10%, as foreign buyers rush to take advantage of bargain Spanish property prices while the market has bottomed out.
Kyero’s Director, Martin Dell, comments,
“Foreign interest in Spain has been slowly creeping up for a few years, but in the last 12 months we have seen a massive resurgence of purchasers from overseas, as buyers look to pick up bargain properties. More foreign buyers are using Kyero to find more properties in Spain that ever before and we are expecting February 2015 to be just as strong as record breaking January.”
Indeed Spain and its Balearic Islands have long been favourite holiday destinations – just last month they were revealed as two of the top three destinations in terms of booking numbers by holiday specialists On The Beach – and it seems that for a growing number of holidaymakers now is the perfect time to buy that second home in the Spanish sunshine.
Figures from the Ministry of Public Works show that non-Spaniards spent €6.05 billion on Spanish property during the first nine months of 2014, an increase of 30% on the same period the year before. The number of dwellings purchased was up by 27%, to 40,338, indicating that foreigners are also spending more per property than they were during 2013.
In fact, foreign buyers accounted for some 13% of all homes sold in Spain during 2014, according to the country’s property registrars. The British led the charge, accounting for 17% of foreign purchases during the year.
The Valencia, Andalusia and Catalonia regions were the most popular, according to the Ministry of Public Works. All three regions feature fantastic bargains currently, based on Kyero’s listings. A two bedroom apartment with sea views in Gandia, Valencia, can be had for just €68,000, while in Andalusia €99,000 is enough for a three bedroom house in the country in Iznajar, Cordoba.
As one might expect, Catalonia commands something of a greater price premium, but even there bargains are still plentiful. A three bedroom villa with pool in L’Ampolla costs just €265,000, while in Barcelona itself a stunning two bedroom apartment with terrace can be had for €318,000 – a great deal considering the city is the most expensive in Spain (based on figures from Kyero’s Spanish House Price Index Q4 2014).
With prices only just beginning to rise again, 2015 is expected to be another bumper year so far as overseas buyers in Spain are concerned. As Martin Dell concludes,
“Not only have prices in Spain bottomed out so far as residential property has concerned, but for British buyers in particular now is the time to buy due to the fantastic exchange rate. Many are looking to purchase before prices rise too steeply and what they can get for their money right now really is incredible.”
To view properties across Spain available for sale and to keep up to date with the latest in Spanish property trends, visit www.kyero.com.