The story of our adventure in Spain

In October 2002 we purchased a holiday flat in Guardamar on Spain's Costa Blanca - not far from Alicante and Torrevieja and we try to spend a good part of the year in Spain.

This blog hopefully will contain our thoughts and impressions of Spain - the good and the bad and lots and lots of photographs of not only Guardamar but the rest of Spain as we eventually get to explore it.


Monday, 20 September 2010

Property Sales

Property sales in Spain are improving.

The number of dwellings registered as sold increased in the first half of 2010. In July sales of new property was up 16% and re-sales 16.8%.

This increase has been fuelled by the impending higher sales tax which is now in force. Another reason for the increase is the fact that some owners are taking advantage of the low mortgage interest rates and trading up.

However there are few new buyers on the market and we'll have to wait now and see what happens over the next 6 months of 2010.

As the UK sinks deeper into the mire and unemployment rises Spain can not expect many buyers from that direction..


No comments: