Status of Real Estate Market in Andalucia during Covid 19 ?

Spanish Property Insight Forums Spanish Property Forums Property Questions & Answers Status of Real Estate Market in Andalucia during Covid 19 ?

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    • #239131
      mscholder
      Participant

      I am a US resident, who is a repeat short term renter near Estepona, and recently e-mailed 5 different estate agencies in Andalucia to find a villa or a lot to build a modular villa to meet our presumably not unreasonable expectations. I explained our familiarity with the Spanish market challenges including discriminatory tax laws against non-EU resident taxpayers and the new, real threat of squatters but we were prepared to move ahead with appropriate due diligence and safeguards.

      Surprisingly, none of estate agencies responded but only continued to send their periodic e-mails of “hot” properties. We have read that the property market in many countries, including Portugal, was “heated” with significantly rising prices despite Covid but have not seen news of similar activity or price increases in Spain.

      Are typical estate agents in Andalucia so overwhelmed with business that they would not even bother to acknowledge receipt of my e-mail? Or is there another explanation – Covid rules restrict their activity, they are currently focused on extremely motivated Spanish or European buyers, did my display of awareness of the market history classify me as an “undesirable” client, our expectations may be unreasonable, etc.?

      Since we probably would be making a large all cash purchase, we want a true professional to assist us find an appropriate property with minimal complications involved. Any helpful recommendations or observations will be greatly appreciated – contact details for a very good estate agent, just wait until all Covid restrictions end, avoid modular construction, just continue to rent and do not buy, etc.

      Thanks in Advance for any Assistance!

    • #239147
      Mark Stücklin
      Keymaster

      I can’t explain why none of the agents have responded to your request. You sound like a serious potential client, not a time waster. Covid restrictions shouldn’t be a problem to responding by email. Maybe they just weren’t very good agents. Have you considered using a buyer’s agent, or a search & find agent, who does all the search for you in return for a fee?

    • #239148
      mscholder
      Participant

      Hola Mark,

      We appreciate your response. We are open to a buyer’s agent, or a search & find agent. Do you have any recommendations for the Estepona area?

      Gracias, Michael

    • #239185
      Geoffrey
      Participant

      Hi Michael

      I have purchased through Malvin and Linda of Costa del Sol Living, and they are currently based at home in Estepona.
      They also manage two apartments for me in the distinctive Marquesa del Guadalmina development, on the road which leads up to Benhavis.
      You can contact Linda on +34 649 68 70 50, and please mention the reference from me.
      I assume there is plenty available to buy at present.
      Most of my properties are in the Benalmadena area, not far from Malaga, and I currently have an attractive 3 bedroom apartment with attached 1 bedroom apartment in the hills behind Caravajal for 210,000 Euros.
      Geoffrey Ponder

    • #239189
      Vin
      Participant

      Try Casafirst in Estepona.
      Look for Rebecca very helpful and English. I would imagine the agents should be very happy to see a buyer.

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