Searches on Rightmove for all overseas property have jumped but it’s Spain that has topped the chart.
Rightmove’s latest research shows that the number of buyers contacting estate agents across Spain was 36% higher in April 2022 than a year ago.
Estate agents point to the pandemic and Brexit to explain this growing demand. Blue Square Costa Blanca estate agency has reportedly registered an increase in the number of British buyers enquiring about properties over €500,000 in order to obtain a Golden Visa allowing them to live full-time in Spain.
One of the most searched areas is Islantilla on the Costa de la Luz, with a 1,512% annual increase in the number of buyers contacting estate agents about homes in the area.
Figures show Bahia de Marbella on the Costa del Sol and Vera in Andalucía, searches were up 477% and 229%. Third place with Las Ramblas and Benijófar, both on the Costa Blanca, also in the top five, with increases of 160% and 124%.
How many British buyers are heading to Spain?
British buyers are the single largest nationality among all overseas property buyers in Spain, accounting for 12% of foreign property sales.
How easy is it to get a Spanish mortgage?
It does not have to be hard to secure a Spanish mortgage providing you have the right contacts.
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