Even more Brits are searching online for Spanish overseas property according to the latest figures from Rightmove.co.uk.
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 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.
For Lisa Cornforth, Managing Director at Welcome Estates in Spain, that’s one of a number of reasons why the UK market is back in strength. She told Rightmove.co.uk: “The most obvious reason is that travel itself has been difficult over the past two years. This has created a build-up of clients just waiting to come over. The second main reason is the successful applications for visas, especially the Non-Lucrative Visa. This has allowed many clients to continue to pursue their dream of owning a property in Spain.”
Which areas are Brits looking to buy in Spain?
The top five areas for British buyers according to Rightmove are 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.
Bahia de Marbella on the Costa del Sol and Vera in Andalucía, up 477% and 229% respectively took second and third place with Las Ramblas and Benijófar, both on the Costa Blanca, also in the top five, with increases of 160% and 124%.
Do you need a Spanish mortgage? Contact yourspanishmortgage.co.uk for expert advice.
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