Spanish Property in Costa Blanca Overview from Spanish Hot Properties July 2009

2009 has been really interesting year so far for the Spanish property market the Costa Blanca property market has been no different.  The enquiry levels have been substantially increased from 2009 but actual enquires converting into property sales is at an all time low according to Spanish Hot Properties marketing and operations manager Susana Suspenda.

“The first thing you have to understand about the Costa Blanca property market is that you have two very distinctive markets in one stretch of coastline, Costa Blanca North and Costa Blanca South.  Now the Costa Blanca North property market tends to start just north of Benidorm at Calpe and runs up past Denia until you reach Costa Azahar. Now the Costa Blanca South property market tends to start just After San Javier at the end of Costa Calida and run right up to Benidorm just outside Alicante with Costa Blanca South representing some of the best priced property in all of Spain where you can still buy close to the beach for an amazing price of €70,000 or less.  The only problem with this is when you start to look at Costa Blanca North clients believe they can get real Spanish property bargains and the reality is they can’t.  The truth is Costa Blanca North or more importantly the prime areas of Moraira , Benissa  and Javea there just aren’t the property bargains and prices whilst reduced haven’t tended to come down  in the way they have done in Costs Blanca South” explained Susana.

So what about the Costa Blanca market as a whole in 2009 and how does it compare with the rest of Spain with such fantastically price property on some of the Costas of Spain. “Well at Spanish Hot Properties we did some analysis of our enquires across the board and the results for Costa Blanca North especially were extremely interesting in that clients who enquired through our Bank repossessions and distressed sales in Spain page were looking for Costa Blanca North property bargain but in reality had no real knowledge of the market and very false expectations of what they could get. Obviously there will be some odd property that is distressed but in reality Costa Blanca North has held up pretty well.  Then when we looked at the enquiries directly from the Costa Blanca North page, Javea and Moraira pages these enquiries were much more realistic about what they might be getting for their money and these people probably knew at what level any property deal could be struck at.  As for Costa Blanca South it didn’t really matter what page of the site the enquiry came from it was aimed at cheap, cheap cheap. Interestingly though no matter what the price is the conversation from enquires to sales is like the rest of Spain very poor and the people who do act are tending to get property at very good prices especially in Costa Blanca south” explained Susana

Anyone wishing to find more about the current state of the Costa Blanca property market should contact Spanish Hot Properties.