Buyers Gravitate to Bargain Spanish Property

 

According to the latest analysis from Kyero.com, foreign buyers are increasingly looking for bargain properties and are focusing their property searches in Spain's best-known provinces.


Published on July 1st 2009, the latest Kyero.com enquiry report analyses over 100,000 enquiries made by email through the site during the first half of 2009.

A four page overview of the latest report comparing 2008 and 2009 is available as a free download.

Alicante Most Popular


Alicante province has steadily increased in popularity over the years - now attracting almost 30% of attention from foreign buyers visiting Kyero.com.

Malaga province has remained stable with a little under 15% of visitor attention, while Granada seems to be losing to both Malaga and Alicante.

In all likelihood, this trend of popularity is a reflection of buyers finding property bargains in the provinces where there are the most properties available. Those kinds of markets - Alicante and Malaga in particular - are likely to offer buyers the biggest discounts, and better bargains.

Top-5 share of enquiries by Spanish provinceRank2009200820071.Alicante28.7%Alicante24.3%Alicante17.4%2.Malaga14.4%Malaga13.2%Granada16.4%3.Granada8.8%Granada11.5%Malaga14.4%4.Almeria5.7%Tarragona7.6%Almeria9.0%5.Tarragona5.75%Valencia6.1%Valencia8.5%Price Sensitivity

This bargain-hunting mindset is dramatically demonstrated with properties priced under €150K attracting 65% of visitor attention - up from 58% in 2008.

At the top end, properties priced over €350K have remained relatively stable at 10% of the market, with interest in properties in the €150K to €350K slipping.

Share of enquiries by property price rangePrice range (€000's)200920082007Under 50K21%18%21%50-150K45%40%42%150-250K21%23%21%250-350K9%10%8%350-500K5%5%5%Over 500K5%5%3%About the Kyero.com Enquiry Report

The Kyero.com enquiry report is published bi-annually to analyse the trends in buyer behaviour and interest regarding Spanish property for sale. It excludes enquiries made about leasehold, fractional-ownership and rental properties.



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