Spain still tops for holiday home buyers

ONLINE Spanish property portal Kyero.com's analysis of the Spanish property market identifies where and what foreign buyers are looking for in the Spanish second homes market.

Kyero.com's enquiry report analysed enquiries made by e-mail during the first quarter of 2014. It shows that 47% of enquiries for properties in Spain sat within the £50k to £150k price range, with 39.8% of enquiries looking for an apartment while 33% desired a three-bedroom property. Alicante on the Costa Blanca remains the favourite location for foreign property hunters, accounting for almost 35% of enquiries.

Marc Pritchard, sales and marketing manager at Taylor Wimpey Espana comments: ‘The Kyero.com report provides an interesting insight into what today's buyers want from Spanish property. There are numerous reasons why the Costa Blanca still ranks top of the list for property buyers. For Brits, the easy-to-reach, reliable good weather plays a big part, swapping grey clouds for blue skies and the strength of the pound against the euro (currently at a 22-month high) means that visitors can get more for their money, which has no doubt aided the increase in people snapping up attractive deals.

‘We have seen a rise in enquiries for second homes across Spain particularly amongst Britons, Germans, and Russians and these are translating into sales, with British buyers showing a 24% increase from Jan-Jun this year in comparison to 2013.’

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