Official Property Figures Released
And it’s no surprise!
ANDALUCIA UP 31%
Having just returned from the Manchester ‘A Place in the Sun’ exposition we needed no convincing.
The Baltic like temperatures of -2 that felt like -8 did not deter the hopeful Manchester crowds as they lined up outside on all three mornings. Each wanting to get a first-hand feel of the overseas property market.
Manchester Central played host to Property Professionals from all around the world. Egypt, Turkey, Florida, France, and Cyprus. Spain, however, held the lead and Andalucia far outshone her neighbors. Presenter Amanda Lamb, (Pictured with Brian) spoke of how Andalucia and Spain remained a firm favorite with both buyers and viewers of the TV show.
With Brexit as a buzzword, many potential buyers felt it was an even better time to invest in the Costa Del Sol. Cash buyers with pension funds or Savings accounts coming to fruition, the heat is on, and it’s on in Marbella.
Buyers are keen on their favourite areas and La Cala De Mijas, Benalmadena, Elveria and Fuengirola all held their own. Whole other areas of Spain boast cheaper property prices per square meter, The Costa Del Sol offers far more per meter for weather, facilities and resale values.
As if the timing was planned, the Instituto Nacional de Espania released their latest figures to coincide with Manchester Expo.
Statistics on Transfer of Property Rights (STPR) January 2018. Provisional data tell us that while Asturias was up 55.7%, with 939 transactions and Valencia up 40.5% with 7.409 new householders, however, Andalusia climbed 31.1%, with an amazing 8.988 property sales.
This is fantastic news for Andalucia after the last few turbulent years.
Like every story, there are two sides
While sellers can now feel they are getting a fairer price for their property, buyers can no longer delay a purchase until the price drops.
Prices are steadily increasing in the Costa Del Sol area. For this writer, not before time. We have weathered a storm and now, with tighter banking controls in place, rental property regulations in place and Marbella Building Licences approved and on high visibility display, The Costa Del Sol is growing in the right way.
The interest was palpable at the ‘A Place in the Sun Expo’ last weekend. With the Show moving to London from May 11th to 13th, many buyers are already planning their trips to view and buy, investors and relocators alike.
If you are interested in finding your perfect property but missed Manchester, check out this quick questionnaire https://goo.gl/4vWxR2
and shorten the search whole widening your horizons.
Future Spanish Property owners are well versed in the changes in Spanish Property and finding confidence in the tighter Banking and Purchasing regulations.
While stunning new developments such as Bynok’s Boladilla https://goo.gl/tVVTKa are being born, the developers are proud to show all licenses are in place, and security deposits on the properties are not used as building funds. New laws prevent developers using buyers money to buy the bricks and mortar.
We at Legal Costa Properties only deal with fully legalized old and new builds. We also specialize in locating missing documentation such as First Occupation Licences.
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To Read the Full details of the Property Transactions from January 2018 Click Here. https://goo.gl/hk1XFw
Do I Need To Licence My Rental Property? https://goo.gl/NKptgm
When is a Deal a Really Good Deal? https://goo.gl/NLVEbq
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