Costa Dorada - Cambrils Property

2008 report

This report was prepared by Engel & Völkers, a real estate agency with offices in many of Spain’s most popular destinations. It is reproduced here with permission. More information on Englel & Völkers

Cambrils Costa Dorada Property

Engel & Völkers opened an office here in 2007 and its’ experience to date is that the market is performing well and prices are increasing albeit at around 3% across the board with good future prospects. The average price for apartments is around €250,000 to just under €1 million for a villa and property under €1 million sells within 6 months with more expensive property taking up to 18 months to sell.

The most requested properties are apartments, attics, semi-detached houses and villas and the majority of sales to date have been for villas worth in excess of €1 million. The market is mainly Spanish (60%) and French (20%) with a small percentage of British, German, Swiss, Russians and Scandinavians.

The Spanish tend to buy a second holiday home and spend an average of €350,000, the French and Russians are the big spenders with an average spend of €800,000 – €1 million. Around 70% of buyers are over 50 as it also popular with retired people.

The most requested areas are Cambrils and any frontline seaside property. However, 5-10 kilometres inland buyers can get a lot more for their money with apartments selling for €185,000-€300,000. There is also interest in the larger countryside “Masia” properties which often have a great deal of land.

Our local office is very confident about the future of this area and has taken on new sales staff and suggests that the areas of La Llosa, the port areas and La Dorada are worth investigating.