It seems that the British love affair with second homes in Spain is stronger than it has ever been as February 14th approaches.
The Head of Research at Spanish property portal Kyero.com, Richard Speigal, says: “The Brexit referendum back in June seems to have started a snowball effect. Each month, we’re seeing record-beating numbers of searches for second homes in Spain, with Brits eager to pick up bolt-holes within the confines of the EU.”
The latest data from Kyero, for January 2017, reveals that enquiries into second homes in Spain are up by over 36% on an annual basis, while the portal’s overall audience has grown by more than 42% over the same period.
The most popular locations are currently Playa del Ingles, Torrevieja and Gran Canaria’s Puerto Rico.
Island life is certainly attracting plenty of enquiries, with six of the top ten most popular second home destinations in Spain located in the Canary Islands.
However, British buyers are still being cautious with their expenditure while facing the uncertainties of the Brexit process; of the top ten locations, just two have an average property price of more than €200,000.
The latest Kyero figures also show that buyers are increasingly falling in love with parts of Spain that are less well known as second home hotspots.
Lliria and Oliva in Valencia, and Santa Pola in Alicante were all new entrants into the top 20 most popular destinations, at positions 16, 19 and 17 respectively. The average price is €110,000 in Lliria, €130,000 in Oliva and €159,500 in Santa Pola – again emphasising the appeal of reasonably priced properties in the run up to Article 50 being triggered.
Speigal comments: “The trend is becoming clearer as each month’s figures come in. Brits aren’t letting Brexit affect them in terms of their Spanish property ownership goals. In fact, more than ever seem to be falling for the sun-kissed lifestyle that Spain can offer. But that doesn’t mean they’re not thinking carefully about the future. Caution is very much the watchword when it comes to Brits buying in Spain these days.
“The new entrants into the top 20 trending locations definitely reflect that. It means that Lliria, Oliva and Santa Pola are all names that are going to become increasingly familiar to Brits over the coming months.”
It’s no surprise that these spots are so popular!
The average price in Lliria, €110,000, is enough for a smartly decorated, three-bedroom villa with its own pool, terrace and orchard with fruit trees.
In Oliva, €130,000 can buy you a stylish second-line beach apartment with a terrace, on a complex with pools for adults and children, garden areas and communal terraces.
Meanwhile, in Santa Pola, the average cost of €159,500 is enough for a three-bed, two-bathroom apartment overlooking the sea, with a shared pool on a gated complex with a private solarium, barbecue and kitchen.
With properties and prices like these available, it will be no surprise if the British love affair with second homes in Spain continues over the months ahead!