Insight into the Spanish property market, guides to help you make informed decisions, and a directory of real estate professionals and home service providers from a source you can trust.
This is a website for buyers, owners, and sellers of property in Spain, offering reliable information and resources to help you get things done with confidence. It is run by Mark Stücklin, author of the Spanish Property Doctor Column in The Sunday Times (2005-2008), and the book ‘Need to Know: Buying Property in Spain’ published by Collins.
When you buy or sell property in Spain the sums of money are large, perhaps one of the biggest financial decisions of your life. The high transaction costs you will face like taxes and commissions only make the decision more important to get right. And when you own property in Spain you face a host of extra challenges to manage, and costs to control. Unfortunately, the Spanish property market is opaque and full of pitfalls, and notoriously unprofessional. Buying and selling property in Spain is not a decision to be taken lightly, and you may find it much easier to buy than sell if you don’t take care. In this market it is crucial to do your own research, and don’t rely exclusively on people who are trying to sell you something – let’s just say they might not have your best interests at heart. Spanish Property Insight is the only independent source of information and analysis of the Spanish property market. Don’t even think about buying or selling property in Spain without subscribing to Spanish Property Insight.
The feeble state of the property market on the Costa Blanca has driven new home building down to levels last seen in the 60s or even before, reports the Spanish press.
The latest report (November 2010) from Alicante’s College of Technical Architects forecasts 2010 will end with just 1,851 housing starts in the province, 26pc down on 2009, and 97pc down on 2004, when Alicante’s housing starts peaked at 53,737.
You have to go back to around 1953 to find such a low level of housing starts, according to an article in the regional paper La Verdad.
Last year there were a paltry 11 housing starts in Denia, one of the most popular municipalities in Alicante. In Redován and Rafal, not a single new home was started last year.
Municipalities with less than 10 new homes started in 2010 include Benitatxell, Bigastro, El Campello, Castalla, Catral, Crevillente, Guardamar, La Nucia, Los Montesinos, Monforte, Monóvar, Pego, Polop, San Fulgencio, and San Miguel de Salinas, all familiar names in the holiday-home industry.
Alicante and the municipalities of the Costa Blanca have long been a popular destination for holiday-home buyers and snow-birds from Northern Europe. Whist the whole of Spain has been badly hit by the real estate crash, the debacle in Alicante is a sign that areas reliant on the holiday / expat home business are suffering the most.
Everything you need to know about property in Spain
Login or Register to read articles without any adverts in the text.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.