Costa Blanca ‘defies the cynics’

October 19th, 2007
Category: Costa Blanca


Investors looking at the Costa Blanca for overseas property purchase are continuing to lead the way in Spanish housing buys, according to new research figures.

Reporting on Richmond Green Marketing consultants’ recent survey on the sales of Spanish properties by UK estate agents, TypicallySpanish.com highlighted positive figures for the Costa Blanca.

The sunny Eastern coastal region was identified as the most troublesome area for Spanish house sales by only 11 per cent of agents, reflecting the continued boom in buying in the region.

With increased competition from other property markets opening up in Eastern Europe and elsewhere, some areas of Spain were shown to be suffering a slowdown in purchases from UK investors, a dip largely weathered by the Costa Blanca.

With the sub-prime mortgage problems in the US unleashing problems in financial – and especially property – markets across the world, some areas of Spain are indicated by the research to be suffering from a global lack of confidence in short term profits from house purchase.

The Costa Blanca has, however, continued to perform well for most agents – the region is popular with buyers and tourists alike, seeing late summer hotel occupation reach near full levels. ADNFCR-1239-ID-18324677-ADNFCR

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