Welcome to Spain2you If you considering moving to Spain you may be Interested in what happening with the Spanish Real Estate market, News & lifestyle, we will post news stories about whats happening in the Spanish Property market and general Spanish life with latest news and updates.
Spain is one of Europe’s most popular destinations for second home owners and the baby boomers retiring.
Despite what has happened recently to the Spanish economy, the European & world crisis, it seems demographics are the driving force that keeps the country growing at a steady pace, baby boomers retire and move south to buy a holiday home and spend some quality time in the sun.
I live in Andalusia in the south of Spain this area is called the costa del sol, and is one of Spain’s most popular locations, here you can find many towns resorts and villages with good value resale or new build property, Now at realistic prices depending on where you are from but compared to northern europe the property here represents good value for money.
The costa del sol is an all year round location and can be Ideal for a holiday home or full time move from Torremolinos to Sotogrande this area has it all.
The Property market has picked up recently as most buyers think that Spain has hit the bottom and prices are moving up again so now there is a sense of urgency in the air.
going back the last 15 years there where many speculators & property Investors this really drove up the prices , Investors got carried away by purchasing of plan property and flipping on the properties before completion. I feel this spoiled the market for the genuine person that worked hard for many years saving to buy a place in the sun The genuine buyer who wanted to a second home or holiday home not an investment but a home.
Thankfully this seems to have st oped now for the moment and there are some really good discounted properties out there, some are at the prices we saw 12 years ago.
If you are from the UK or any country that is not using the euro, Than this is a very good time to be thinking about buying an apartment in Marbella or anywhere on the Costa de sol as the pound is at an all time high and you are getting even more for your money.
Many owners where caught in the negative equity trap and had to send the keys of properties back to the banks, as they could not afford the payments so they took a hit and lost money when they lost the property or sold.
The best areas that held their value are the locations close to the sea , as you go further back you will find that the prices took the biggest hit and had the bigger price drops,
The banks are starting to clear the repossessed properties now but I think that they keep most of the best property deals for themselves and the really good deals wont ever see the open market.
Here are two videos that you may find of interest.