Home » LA PIEDRA PODCAST EP12: First half of 2024 review, and market implications if a wave of British millionaires head for Spain

LA PIEDRA PODCAST EP12: First half of 2024 review, and market implications if a wave of British millionaires head for Spain

In this episode of ‘La Piedra’ Sean and Mark review the housing market figures for the first half of 2024 with the benefit of Sean’s experience at the coal face of property sales on the Costa del Sol, and Mark’s analysis of the public data. They then go on to discuss the potential impact on the market of a reported wave of millionaires leaving the UK and potentially heading for Spain.

The discussion cover the following points:

  • Mark and Sean review Spanish property sales figures for the first half of 2024, focusing on municipalities in the Costa del Sol.
  • Sean shares insights from his experience in the field, providing sales data from Cloud Nine Spain, highlighting foreign demand in the region.
  • Mark offers a broader perspective with data from public sources like the Housing Ministry and Notaries.
  • Sean confirms the market has been buoyant in 2024, despite some initial uncertainty at the start of the year.
  • Sean emphasizes the Costa del Sol’s international and diversified market, where there are always buyers from different regions.
  • They discuss the supply side, noting that housing availability is improving after the post-pandemic sales boom.
  • Off-plan sales remain strong, with some projects having waiting lists of several weeks for viewings.
  • Sean and Mark also explore the potential impact of a reported wave of British millionaires leaving the UK on the Marbella and Costa del Sol property market.

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