It’s official, according to the Spanish Land Registry figures for the 4th quarter of 2020, size matters!
Detached properties have had buoyant sales – the best since 2005. People are also opting for more land where possible and bigger surface area builds including terraces and gardens. Sotogrande is ideal with its leafy surroundings and detached villas on a minimum of 1,000m2 plots complete with their own private pools.
People buying apartments are also opting for as big as possible. There are still bargains to be had low maintenance with terraces, communal gardens and pools.
New builds repeat the pattern. Now may be a good time for you to check out the new development on La Reserva – Village Verde Sotogrande.
We’re are talking a modest increase of around 1% for resale properties and 0.5% for brand new homes on the last quarter. But this is an annual increase of 2.2% across the board.
People want as much space as possible for their families to guarantee a safe environment for loved ones during the pandemic. Where possible, their preference is for individual homes versus communal gardens and pools. A bigger terrace is far more important than before, especially when buying an apartment rather than a house. In addition, with more time spent indoors it is clear that ‘the bigger the better’.
Foreigners are buying properties despite the lockdowns. In Andalusia 11,3% of buyers were from overseas. Plus, heading the list of buyers nationwide are Brits, closely followed by French, Germans, Moroccans and Belgians. No surprise there then. Politicians come and go but the beaches and sunshine stay forever and it’s called the Costa del Golf for a reason.