A shortage of properties as foreign buyers flock back to the area

By Adéle Land of New Wave Villas Tuesday, 15 September 2015 13:32 0
Our Mojacar Playa office next to Trufi Bar. Our Mojacar Playa office next to Trufi Bar.

WITH a favourable exchange rate, improvement in the UK economy and property prices still at an attractive level, UK buyers are renewing their love affair with the Spanish property market.

Estate agents in Almeria, particularly in coastal areas, have seen an increase of up to 300 per cent in sales over the past two years and signs show that the market is continuing to improve.

Spain also remains an attractive option for buyers from other parts of Europe and agents have reported a surge in interest from buyers in Belgium, France and Scandinavian countries.

Many are ‘lifestyle buyers’, approaching retirement or just retired, looking for a second home and recognise that with the combination of an excellent rate of exchange and competitive property prices, now is the time to look to buy in Spain.

As property begins to move at a faster pace, estate agents have been left with a situation which would not have crossed their minds four years ago - a shortage of properties.

While some resorts may still have large numbers of unsold stock, agents based in other areas like Mojacar say they have run out of properties in certain price brackets.

Despite the heat of July and August, buyers have been busy snapping up properties and as we enter the cooler autumn months the influx of people coming to the area to view properties is only set to rise.

At New Wave Villas we have many potential buyers booked in on viewing trips and our presence at the ‘Place in the Sun’ exhibition at the NEC Birmingham, at the end of September, will add to the already positive interest in the area.

If you are thinking of selling your property or your property has been languishing on the market, contact our sales team today to ensure your property gets the ultimate exposure.

Pay nothing up front and marketing is free, no fees until New Wave Villas sells your property. We specialise in Mojacar and nearby areas because that is what we know best. With 15 years’ experience in the Mojacar property market and 25 years living in Spain we guarantee your property is in the best hands.

Call 950 475 800 or 677 475 068


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