Property

How Much Does Property Cost In Spain?

Property in Spain continues to be very low priced compared to just five or six years ago when the bottom suddenly dropped out of the housing market. However, property sales do seem to be picking up in most parts of Spain so you can expect prices to slowly rise in 2014. The cost of property in Spain varies greatly from area to area, and also depends of course on the type of property you wish to purchase. You can see examples on the LBIS website.

Tourist areas such as Javea  on the Costa Blanca, Blanes on the Costa Brava, and Torremolinos on the Costa Del Sol are still more expensive than towns are located even slightly inland – so if you’re looking for a bargain and prepared to live around 10 miles from the coast, you will find prices considerably lower than those within walking distance of the beach. See the listings on this Javea property Spain  page to look at actual prices.

If your budget is very low – for example around €50,000, you will find a property at this price even in tourist resorts such as Lloret de mar or Sitges. While the property would be small, a studio one or bedroom apartment, it is a positive thing for buyers that for such a low sum you can get your foot on the property ladder and have a roof over your head.

Does It Make Sense To Buy Property In Javea In Spain?

With so many expats having to return to the UK from Spain during the last few years after losing their properties due to the bottom falling out of the housing market in 2008, coupled with a dire job situation, it is no wonder that people looking at purchasing property abroad are very cautious about buying in Spain.

However, the property market in Spain is slowly picking up according to experts, and the latter part of 2013 saw a definite rise in property sales in most parts of the country. Housing prices are still incredibly low but the increase in foreign purchases will most likely push them up slightly in 2014.

Therefore if you are in a position to buy a Javea apartment or purchase a property without the need to work in the country it does make sense to buy in Spain in 2014. You can find some fantastic properties on the market in popular resorts such as Benidorm, Javea, and even more expensive areas like Barcelona at great prices.

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