Coastal property sales in Spain increase by 5% this summer

Coastal property sales in Spain increase by 5% this summer

The Spanish real estate market meets the summer with positive indicators, high investor interest, and active transactions. Thanks to this, Rebeca Perez, CEO and founder of Inviertis, expects that the number of housing sales in coastal areas will not only remain in the medium term but also increase by 5% during this summer.

Despite the optimistic trends, representatives of the investment platform warn that the coastal real estate market in Spain is more moderate than in previous years, "considering that the housing stock has not yet been sold out" and taking into account the fact that part of the demand intensified only a few months ago.

According to an industry analysis by Inviertis, investor interest in real estate in the coastal areas of the country will not be affected by "neither rising prices and demand, nor a sharp increase in interest rates." The fact is that the high level of liquidity in the market suggests that most of the transactions from buyers are made in cash to speed up the transaction. Therefore, it is individuals who use mortgage financing, which has worsened by inflation, to purchase.

Speaking of the districts, many investors in recent years have been interested in buying residential units in the Costa del Sol (Andalusia), Costa Brava (Catalonia), Costa Calida (Murcia), and the Balearic and Canary Islands. This trend has a significant impact on the primary real estate market and the dynamics of prices (both for purchase and rent).

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