A local agents view on the Costa Blanca housing market
“If you are looking for a great Spanish bargain in a prime location then this is certainly the year to get house hunting in the sun again” says Bob Shepherd of EP Homes
Having been successfully promoting homes in sunny Spain constantly for over 27 years from their permanent U.K. offices, Euro-Prestige have professional first-hand knowledge on the various trends during this time.
Over the last 4 months there has been a dramatic rise in interest and subsequent sales in both their showrooms on the Costa Blanca and the Costa del Sol. In fact demand is so high, new staff are being taken on to accommodate the flood of British buyers coming back to the market. The reason is very simple to understand, very few new properties have been built in the last 3-4 years and despite a worldwide recession, savvy buyers have still been snapping up the real Spanish bargains in prime locations.
As the stock of quality price reduced properties in prime areas are being sold to clients from mainly Scandinavian countries, there is now a dramatic surge in British buyers again. This could be down to the increase in £ Sterling to 7% of its buying power from a year ago. The Spanish Government also dropping the price of tax on new properties to just 4% which led to a vast amount of previously unsold and reduced new properties being sold.
Certain hot spots are emerging with Torrevieja being very desirable once again, due to its prime coastal location between Alicante & Murcia airports, 4 marinas in the town centre, stunning sandy beaches & vast selection of top quality amenities with a fantastic infrastructure, not least its huge new hospital. There is also a big increase in demand for properties in the Estepona area on the Costa Del Sol, the stunning new Esplanade and various new golf and 5 star beach clubs have made this area a great place to negotiate a genuine bargain.
It is the assumption that this year will be the best financial time to buy in Spain, recessions always come to an end and are cyclical, owning a home in the Spanish sun has never been more affordable or easier and is still top of most people’s wish list for buying overseas.
Established with permanent showrooms and administration offices in the U.K. since 1985, EP Homes parent company in Spain can trace its routes back to 1972 in building top quality homes. They have one of the most professional and reputable Real Estate organization’s in Spain today & over 10,000 clients have safely purchased a home with Euro-Prestige.
Their fully trained and knowledgeable bi-lingual staff covers the entire Costa Blanca region both North and South. Another sales office in Marbella is perfectly situated near the Old Town & they pride themselves on having the very best value property on the Costa del Sol from Malaga to Sotogrande. EP Homes are fully registered by all the relevant Spanish Authorities to build, promote & sell both new & re-sale properties in Spain.
The friendly staff are trained professionals in every aspect of Real Estate and in advising you sensibly on relevant local conveyance laws, buying regulations, plus they have a proud, well-earned reputation to give clients true property valuations, not educated guesswork.
Euro-Prestige offers our clients many ways to view properties in either area and have been arranging relaxed, cost effective 3-4 day fully inclusive Viewing Trips for over 25 years and find it the most cost-effective sensible way to view a large range of legal property.
For more details on the properties and services EP Homes can offer, contact them today either by phone on 0843 313 2126 or leave your details here and they will contact you.
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- Costa Blanca Property Market Update
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- Efforts to attract buyers to the Costa Blanca
- Britons urged to snap up Costa Blanca property bargains
- Costa Blanca property may be boosted by Britons