It’s hardly news, of course, that the Costa delSol region of Spain is a highly in-demand property destination – but it seemsthat this has become even truer in recent times! With Europe and the widerworld mounting its gradual comeback from the restrictions imposed by theCOVID-19 pandemic, it appears that buyers and sellers alike have stirred intoaction.
Higher-end Costa del Sol homes – including much propertyin Sotogrande – has been especially booming. And as expatriatenewspaper The Olive Press recently reported, various factors arecontributing to low supply and climbing prices in the region.
Why is the local property situationparticularly urgent now?
Here at BM Sotogrande, we’re hearing more andmore about buying frenzies taking place across the Costa del Sol, with would-bepurchasers sometimes having to make quick decisions to snap up the propertythey have their eyes on.
And as has been identified in local media, thisfast-moving market is attributable to a number of circumstances. Thecoronavirus crisis has certainly exerted its own effect, by making people lessinclined to consider major cities when seeking out property in Spain.
After all, many of us since the onset of thepandemic have got accustomed to working from wherever we wish to work duringthe COVID-19 situation. We have our fast Internet connections and the comfortof home, and just don’t need to be commuting for work to densely packed citieswhere the risk of virus transmission may also be higher.
Then, there’s the situation of particularlyaffluent investors, who may be looking for solutions that provide a betterreturn on their investment than the banks can offer. With its track record ofretaining and even increasing in value through times both good and bad,property in Sotogrande has long been attractive in that regard – and has becomeeven more so lately!
Oh, and we could also mention that while newproperty developments do continue apace in sought-after areas of Spain like theCosta del Sol, they haven’t been quick enough to replenish the availablehousing stock in popular regions without prices rising. Financing in some areashas been tight, and this is having the effect of limiting the supply ofhigh-end dwellings in the region.
A time of strong activity for theSotogrande property market – and your cue to act
You might be a prospective buyer, eager to snapup propertyin Sotogrande now, so that you can sit back and enjoy the continuedappreciation in value that looks practically guaranteed for a while to come. Orperhaps you’ve read the reports yourself of escalating Costa del Sol propertyvalues, and would like to take advantage of the healthy market?
Whatever your situation and aspirations, we’reready and waiting to help here at BMSotogrande! Get on the phone to us, send us an email or even visit us in person at our Pueblo Nuevo office, for advice andguidance on your next steps in the Sotogrande property market.
