The number of homes sold in Spain has increased by 6% from the previous month of April, highlighting that demand is continuing on its upward curve.
New research shows the number of house sales in Spain across May totalled 26,455, after increasing for the ninth consecutive month. The figures also represent an increase of 5% over the last year and a growth of 11% over the past two years.
The total number of house sales reached its highest level in three years this May, with the resale market proving to be the hive of activity, having increased by 34% in the last 12 months.
Despite a growth in sales, property prices continue to be stable and at relatively low entry levels across the region. The strength of the pound against the euro sees British buyers benefitting greatly and getting much more for their money. The currency rates, along with Spain being announced as the number one location for UK buyers to purchase overseas, continues to see many turn their attention to this popular destination.
Sequre’s Managing Director, Graham Davidson, comments on the increase in sales across the region:
“We couldn’t stress how much of an ideal time this is to buy a property in Spain. Prices are low, so buyers can get a great deal but the market is buoyant. Everything from mortgage lending, construction and rental demand has seen significant increases in the last year. Not only this, but the exchange rate from the pound to the euro is very favourable, so buyers really can’t lose in the market as it currently stands.”
“Recovery in Spain has been impressive, with almost all aspects of the market showing signs of improvement. Not only this, but the Spanish Government is protecting overseas buyers by introducing new laws to ensure their safety when buying overseas. Buyer confidence continues to improve and we’re already seeing a very high demand for Spanish property, despite the market only just starting to pick up again. Clearly buyers can see the potential opportunities to be had and are being smart in turning their attention to property now, rather than when prices start to increase drastically in the future. ”
There has never been a better time to purchase in Spain. Contact Sequre today to find out more about the extensive range of Spanish properties we have to offer. We have properties to suit all budgets and lifestyles so whether you’re looking for a holiday home, investment or are relocating completely, call us today on 0800 011 2639 to find out more.