According to the CBRE Recovery Index report, the Spanish real estate market, which began its gradual recovery in May, as of September, it reached the level observed before the covid-19 pandemic. And while rates are still far from being the best, the past summer has shown a positive trend. During this time, more than half of real estate agencies have retained the same house prices in Spain, and about a third have reduced them by 5-10%. At the same time, the cost of residential real estate in new buildings remained unchanged, and its sales were carried out under construction, mostly.
Under the circumstances, properties located on the Costa Blanca are in great demand, this place is preferred by foreigners, mainly citizens of the UK and Scandinavian countries, in case of a new quarantine in Spain. Potential buyers are interested in apartments with a spacious terrace in a residential gated complexes with green areas or detached houses located at a distance from the city center, but with all the necessary infrastructure within walking distance.
Another recent trend is the construction of new facilities for the purpose of subsequent leasing, rather than selling. This is not just about the so-called touristic property for short-term rentals during the holidays, but also designed for a long-term stay. These options are primarily of interest to residents who at this stage are not still ready to become homeowners on the Costa Blanca.
