Buyers eyeing up Spain property bargains

FOREIGN buyers continue to look for bargain properties, focusing their property searches in Spain’s best-known areas, according to a new study.

Property portal Kyero.com’s enquiry report analysed almost 130,000 enquiries made by email during the second half of 2011 showing that between July 2011 and December 2011 47.3 per cent of all enquiries, the most attractive price band to foreign buyers was €50,000 to €150,000, followed by €150,000 to €250,000 (19 per cent).

This is a slight rise from the 45 per cent of enquiries for properties priced in this price band in 2009. Alicante and the Costa Blanca continue to be the most attractive province for foreign buyers accounting for almost 35% of all enquiries generated.

In second place, Malaga province attracted just 14.4% of enquiries, followed by Murcia with 6.1% and Almeria with 6.0%.

Further statistics show that across Spain 31.6% of enquiries made wanted an apartment while 32% desired a 3 bedroom property.

Meanwhile, unsurprisingly over half of enquiries (55%) requested a pool.

Marc Pritchard, Sales and Marketing Manager at Taylor Wimpey España comments, “The Kyero.com report provides an interesting insight into what buyers want from Spanish property.

In 2012 it is “important to look at trends in buyer behaviour and the interest generated regarding Spanish property to identify how to grab the attention of this year’s property buyers,” he said.