Property prices in Alicante and the rest of Spain have fallen dramatically in recent times. So is now a good time to consider buying a holiday villa or holiday apartment in Alicante or elsewhere in Spain?
BUYING A HOLIDAY VILA OR HOLIDAY APARTMENT IN ALICANTE
Research shows that the Spanish housing Market has reached a very interesting levels for people wishing to buy property in Alicante and the market is very busy at the moment, with lots of potential buyers looking for good deals on villas and apartments in Alicante. The worldwide slump is now in its third year and as construction companies in Alicante start picking up again where they left off, this is seen as a sign of confidence, which will drive the market further.
BUYING A HOLIDAY VILA OR HOLIDAY APARTMENT IN ALICANTE
Reports in the media of huge amounts of unsold properties in Spain, bank repossessions, desperate expats who are willing to sell at any price and property developers under financial pressure have understandably excited those with dreams of owning a holiday villa or holiday apartment in Alicante or elsewhere in Spain. It is true, there are some fantastic opportunities in Spain at the moment which is encouraging for people considering buying villas and apartments in Alicante. And, of course, whilst people may not be in the position to be able to buy property, they certainly still need somewhere to rent, which then creates superb rental opportunities. And of course the holiday villa and apartment sector in Alicante is going from strength to strength.
BUYING A HOLIDAY VILA OR HOLIDAY APARTMENT IN ALICANTE
This news also follows hot on the heels of the announcement by the Spanish Government to reduce the property tax on new build purchases to 4% from 8% to stimulate growth in the housing sector which would save a potential buyer of a new holiday villa or holiday apartment in Alicante a massive saving of €8,000 on a €200,000 property
BUYING A HOLIDAY VILA OR HOLIDAY APARTMENT IN ALICANTE
New research from the College of Registrars has shown that villas in Alicante and the rest of Spain are still high on the list of priorities for British residents buying a second home abroad and that UK citizens buy more property in Spain than residents of any other nation, making the UK responsible for one in four property purchases in Spain. But now, other nationalities are expressing increased interest in buying holiday villas and holiday apartments in Spain. Demand from Norway has increased by 58% and from Sweden by 102%.
BUYING A HOLIDAY VILA OR HOLIDAY APARTMENT IN ALICANTE
If you are seriously considering looking at buying property in Alicante, then Alicante Holiday Villas can help by not only offering you great accommodation from their portfolio of villas and apartments to stay in whilst looking for the right villa or apartment to buy, but also by introducing you to an API registered Estate Agent in the Alicante area who will handle all viewings and answer any questions you may have.
We hope you enjoyed the article! Remember you can search for your perfect property in Alicante by using our alicante villa search on our home page. Please don't hesitate to contact us directly for help and advice.