Steve Long the founder of Right Buy Homes, an industry related, multiple award winning property agent, ex member of the board of directors at the AIPP, Association of International Property Professionals and the associations ambassador for Spain until 2014 gives his view on:
the Spanish property market today:
You cannot argue with stats and facts! After years of doom and gloom relating to the Spanish property sector it’s now proven that property sales are booming once again.
In August 2016 over 35 thousand property sale transactions were notarised and recorded in the land registry which is the biggest number recorded for 6 years. This is an increase of 20.3% from 2015.
The clear unrest and terrorism threats in tourist locations such as Turkey, Egypt, & Tunisia have undoubtedly focused the attentions of both holiday makers and tour related institutions with many existing companies increasing activity in Spain.
Thomas Cook now back operating back in Benidorm
Ryanair increasing seats on flights by over 70,000
My personal indicator that Spain is the future for EU tourism is the announcing of British Airways New Heathrow to Murcia Route:
This is a significant change in direction for leading airlines who have for many years bypassed Spain in favour of slightly longer haul tourist destinations.
How Does This Impact on Property Sales?
The number of touristic visitors to Spain was circa 68 Million in 2015, figures for 2016 when published will exceed 70 Million and 2017 is widely anticipated to increase significantly. Jet 2 airlines are reintroducing their route to Murcia San Javier from Edinburgh. They have also added a new flight route from Stansted to Alicante.
Of course, all these additional holiday makers need to stay somewhere! Hotels, package deals will take up some of the slack but nowadays holiday makers choose to shop around. LOW COST FLIGHTS and ease of booking through credible holiday sites make it SAFE, SECURE and FINANCIALLY SAVVY to organise directly offering flexibility and peace of mind.
We at Right Buy Homes offer our buying clients options on rental packages should they be looking for income from their holiday home. If you are considering a visit to view properties Right Buy Homes will arrange airport transfers for you and provide 4 star accommodation for you as well.
What About BREXIT and The Value of the POUND?
There is of course doubt and uncertainty surrounding both Brexit and the weak pound. But please read between the lines as we do!!
Property is bricks and mortar; it will always be there! It will not disappear and will always be yours until you sell it! Look at the fact that many British Expats who own holiday homes in Spain are taking advantage of the weak pound by selling up! they can sell for less Euro as do not lose so much as previously on exchange to repatriate their funds to GB Pounds.
Any good agent worth his weight will be able to negotiate discounts on what could be perceived as increased costs transferring pounds to euro. It’s not rocket science and should not be an excuse not to buy! My view is if you want to buy a property in Spain it’s just about brokering the right deal for you.
Ask yourself what you are waiting for if you are waiting! The only thing for sure is property in Spain is going up not down. Banks have sold out to hedge funds mostly from the USA and Canada. The days of buying at real cut price are over unless you buy into a ghost town resort which is not what I would advise.
If you would like to discuss any property related matter with Steve Long or any of the team then please get in touch.