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The profile of the typical Spanish property buyer has shifted markedly in the last 5 years.
During the boom years, buyers were snapping up anything they could, with demand for Spanish properties outstripping supply, meaning that most buyers contented themselves with buying off-plan and waiting for completion………..just happy to be part of the investment bandwagon. One of the most in-demand regions a few years ago was the Costa Calida, located in the south-eastern corner of Spain, and home to the well-known Polaris World golf resorts. At the time, buyers felt that consolidated areas such as the Costa del Sol and Costa Blanca had reached their peak, and that better investment returns could be achieved by buying into a lesser-known area with big plans.With the onset of the recession, and the shrinkage in the demand for properties in Spain, many recent investors in the newer Spanish markets have taken a hit. With prices falling in many parts, buyers have been keen to buy into the more consolidated areas, and so we have seen a boom in enquiries for properties on the Costa del Sol and properties for sale in the Costa Blanca.
The Costa del Sol and the Costa Blanca represent the 2 most popular areas of Spain for mass tourism, with a ready-made infrastructure that has stood the test of time.
With most current Spanish property buyers searching for well-priced holiday homes in the most popular locations, instead of off-plan purchases in some promising backwater, the Costa del Sol and the Costa Blanca are coming into their own……..again!
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