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What Spaniards want from a holiday-home in Spain

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A recent Facebook survey by Anida, the real estate arm of Spanish banking behemoth BBVA, shines light on the preferences of Spanish demand for holiday homes.

These are the principal findings:

  • 66% of respondents said they want to buy a flat as their second home, compared to 32% who are after a detached property.
  • A big majority had a budget of up to €100,0000, whilst only 1% had a budget of €200,000 or more.
  • 48% want a home with 2 bedrooms, and 33% want 3 bedrooms.
  • 76% want a property near the beach, 15% prefer a quiet location away from the beach, 8% want to be far away from tourists, and 7% want to be close to green areas and leisure facilities (presumably including golf courses).
  • 56% are after a second home for short breaks and holidays, 35% are looking to relocate to the coast, and 10% are investors looking for holiday rentals.
  • Andalusia was the top destination with 40% of respondents putting it first, followed by the Valencian Community (20%), Catalonia (12%), Galicia (6%), and the Balearics and Canaries (5% each).

Based on their findings from this survey Anida conclude that holiday-homes on the coast make an attractive investment for Spanish buyers today. “The increasing popularity of coastal destinations coupled with latent demand for both rental and purchase of homes on the coast, ensures its profitability over time,” say Anida, who probably have a lot of property they need to sell on the coast.

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