Costa Blanca Property Market Update
By John Fairclough – Account Manager for the Costa Blanca at Rightmove Overseas
Spain is dominating the searches on Rightmove overseas at the moment with 22% of all searches.
Both the Costa Blanca North and South have seen an increase in searches this month with the North up by 15% and the South up by 9%.
Bank repossessions seem to be a popular choice with property buyers on the Costa Blanca due to the amazing prices that are being offered. More and more agents are becoming authorised to work with the Banks to help sell the repossessions. If you’re looking for bargain bank repossession in the Costa Blanca it’s worth getting in touch with a few agents as they frequently have access to deals that aren’t displayed on Rightmove Overseas. This is because banks will offer special prices for a short period of time to create urgency before putting prices back up.
As well as repossessions there are still a vast number of people who are desperate to sell and dropping prices considerably for a quick sale. It’s worth keeping this in mind and speaking to an agent to find out the sellers situation and work out if there’s any room for negotiation on the price.
In terms of search trends on Rightmove Overseas, Moraira is an area within the Costa Blanca which appears in our top ten of the most consistent positive performances, probably down to the fact there is such a variety of properties with amazing value ready to be snapped up.
We are lucky to be working with the most professional agents in the Costa Blanca who are all displaying some great value properties. Companies such as Home Espana, Real Costa Blanca and Costa Blanca Select are just a few that are advertising an assortment of bargain villas and apartments.
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