May 2017 Newsletter
Greetings from the team at Property Marbella Spain Invest International!
Below are some of the headlines making real estate news in Spain this May. Our Accredited, multilingual team of experts is always here to help if you have any questions.
Costa del Sol has Largest Stock of New Homes for Sale
A recent audit of the new homes inventory on the Spanish Mediterranean coast reveals the Costa del Sol has the biggest stock of new homes for sale, though not the biggest problem of excess inventory compared to the volume of development. The study, by the appraisal firm ST Sociedad de Tasación, found there are 2,482 new homes for sale in coastal areas of Malaga province, home to the Costa del Sol. – Read More.
Foreign Demand Strong in Q1, British Demand Down But Surprisingly Resilient
Foreign demand for property in Spain rose by 15.6% in the first quarter of the year, whilst British, though falling 23.6%, but has not collapsed, reveal the latest figures from the Spanish Land Registrars’ Association. – Read More.
71% of Spaniards Think Now’s a Good Time to Buy Property
71% of Spaniards think this is a “good time” to buy property, according to a new study by Solvia (a bank real estate servicer) and Kantar TNS, a research company that has developed a an index to measure investor confidence in Spanish real estate. The index, based on a survey of 1,000 people, goes from zero (most pessimistic) to two hundred (most optimistic), and currently stands at 112, suggesting Spaniards are now reasonably optimistic about real estate as an investment. – Read More.