At the moment the market is exceptionally value driven, with many prospective buyers of all nationalities striving to find that perfect bargain with a particular focus on properties under €150,000.
There are also more people buying for investment only this year, and Spain is still an excellent market for holiday home investment properties with a healthy annual yield on rental incomes, especially in Alicante.
Just last summer Torrevieja as one of Spain´s most bankable places to own a holiday home, as short-term holiday rental prices increased by 6.0% over the same period the previous year.
We expect these price trends to continue throughout the forthcoming year, with moderate increases as property prices continue to rise.
Moreover, with a critical shortage of properties toward the lower end of the price spectrum, we expect persistent demand to apply positive upwards pressure upon asking prices for cheaper properties during the course of 2019.
