Overseas purchases adopt slightly different criteria than when buying a property in the UK. For example, with Spanish property, you may have key criteria such as swimming pools, air conditioning and sea views - not something we would generally consider here in the UK.
Most buyers want to ensure their money stretches as far as possible and with this in mind, many are utilising the low house prices in Spain and are snapping up a property in the sun at a fraction of what they were back in 2008. As house prices in the UK continue to rise, many homeowners are considering downsizing to fund their property purchase abroad. Whatever the motivation; whether it’s for a holiday home or to start a new life in a new country, Spain is undeniably the most popular choice for British buyers. Here we look at some comparisons to demonstrate just how far your money can stretch in Spain:
Spain vs London
London is one of the most expensive cities in the world for property, with the average price of a one bed flat costing an incredible £466,836. Even for this price, you’ll be lucky to get your own bathroom and a tube station within walking distance in the city centre.
For roughly the same price, you can get this amazing 5 bedroom villa in the beautiful region of Alicante. Not only does it have its own private garden and pool, but also features an open plan kitchen, Jacuzzi and private parking – something you certainly wouldn’t see with many properties in the capital.
Spain vs Midlands
In the Midlands, you can pick up a standard, semi-detached home for around £182,445. In the West Midlands, this jumps to the slightly higher price of £195,168.
For a lower cost price, you can purchase a 3 bedroom, 3 bathroom villa located just a stone’s throw away from Punta Prima in the Costa Blanca. This stunning development is furnished to an extremely high standard and features a swimming pool, solarium and fully fitted kitchen. In addition, it is located just a few metres away from La Zenia Boulevard, home to hundreds of shops, bars and surrounded by several beaches.
Spain vs North
In Greater Manchester, the average property price was recorded in 2015 at £135,000. House prices in the north of England may certainly offer a better deal than other areas of the UK, but how does this compare with Spain?
Even at this reasonably affordable price, the overseas market can still offer something different – in addition to a sunnier climate. For a little over the average Manchester price, this spacious 3 bed villa represents the very best in Spanish lifestyle all under one roof. With two bathrooms, a rooftop solarium, private swimming pool and terrace, this brand new development has all the potential to be the home of your dreams.
Looking at the comparisons, there is little doubt that money can spread much further with Spanish property. At Sequre International, we work with a wide range of developers, house builders and private vendors and have access to over 11,000 properties in sought after locations across the Costa Blanca, Costa del Sol and the Costa Calida. With thousands of brand new developments to choose from, our properties are sure to suit any budget. If you would like to book a viewing trip, or simply want to find out more about one of our properties, call us today on 0800 011 2639.