If any further evidence was needed of how emphatically the property market in Spain has been recovering in recent months from the worst of the COVID-19 crisis, one would only need to look to several news headlines, including one from Reuters indicating a major rush to buy.
The news agency cited statistics from a property advertising portal that suggested the stock of homes for sale in Spain’s big cities had dropped by 4% over the past year,as a consequence of the end of coronavirus lockdowns and the release of pent-up demand.
Such falls in available housing stock were observed in various Andalucian and Mediterranean coastal locations, a trend that seems to have particularly come about after the lifting of the most stringent coronavirus restrictions in Europe in September 2020.
Coastal areas remain a big hit for buyers
There has been much talk lately of how the priorities of would-be buyers of Spanish property have evolved in direct response to the COVID-19 pandemic. Now, it seems, many people interested in snapping up Sotogrande property and elsewhere in Spain are more closely considering homes that give them more open space.
In theory, that might make many buyers think again about buying in the most ‘touristy’ areas of the coast. Sotogrande, however, is not ‘just another’ part of the Costa del Sol; it enjoys a highly exclusive reputation, and indeed, has long been frequented and inhabited by wealthy elites and those who simply appreciate the opulent and relaxing lifestyle the community offers.
And with data from Spanish valuation firm Tinsa showing that 19 coastal municipalities in the country saw a rise in the number of homes sold in 2020 compared to a year ago before the pandemic hit, it’s clear to see how durable the appeal of places like Sotogrande remains.
The BM Sotogrande team stands ready to help you realise your dream
You might be interested in buying Sotogrande property for lifestyle reasons, as an investment, or with something else in mind. Regardless, our experts at BM Sotogrande have all the knowledge and resources to help you make your dream property purchase.
All manner of new and attractive options for Sotogrande property are becoming available all the time, so don’t wait any longer. Get in touch with us, and we’ll work closely alongside you to find the property in this part of Andalucia that meets all your requirements.