Summer revival time onshore sale. datas idealistic real estate They are optimistic about stability and even price increases, but it has been found that supply is scarce, causing the market to become clogged. Although beachfront holiday homes often have a lower price per square meter than properties in major Spanish cities, experts point out that a lack of supply may reinforce the development of prices. According to this idealist“The supply of homes for sale in almost all coastal areas of Spain has decreased significantly, causing their prices to rise despite the increase in financing costs over the last 12 months”. As a result, the available housing supply decreased in 19 of the 22 Spanish provinces with onshore housing. Anyone looking for a beachfront home for sale will find fewer offers than they did a year ago.
in an industry marked by relationship between supply and demand, and the price of money, price differences are high even in the same region. It is estimated that a house by the sea can cost 50% more than the same house on the second line. If the distance to the sea increases, the same characteristics are devalued. The scarcity of definitive first-row homes justifies these differences.
price development
This reduction in supply, which the Idealista report did not measure, but extracted from its website, has resulted in higher prices on all Spanish coasts, with the sole exception of Spain. green beach Asturiana, where they remained stable. The biggest increase was recorded by the CBRT. Costa del Sol, because owners’ expectations have increased by 14% this year. These are followed by the rises in the coastal regions. Balearic Islands (12%), the Costa Blanca of Alicante (11%), the Costa de Luz in Cádiz (11%) and the coastal areas of Santa Cruz de Tenerife (10%).
In single digit increments Valencia beach, that of Las Palmas and Gipuzkoa (8% in 3 cases); Costa de Luz, Costa Tropical, Murcian Costa Cálida and Costa de Almería with 6% on four coasts. Costa Dorada in Tarragona, Castellón and Costa del Azahar in Girona Costa Brava Sharing 5% growth, Cantabrian Coast is growing 4%. The smallest increases occurred in Barcelona’s Rías Baixas, Biscayan Beach and Costa da Morte (3%), La Mariña Lucense and Costa Maresme, with prices rising only 1%.
Balearic Islands It has the highest coastal prices in Spain at 3,746 euros/m2, followed by Guipúzcoa (3,392 euros/m2), Costa del Sol (2,849 euros/m2), Vizcaya Beach (2,721 euros/m2) and Costa Maresme (2679 euros). . euro/m2). Over 2.000 Euros Santa Cruz de Tenerife coasts 2.201 Euro/m2), Costa Brava (2.194 Euro/m2) and Las Palmas (2.127 Euro/m2).
According to the Idealista report, the biggest decrease was experienced in the coastal regions of Turkey. Tenerife Santa Cruz (-30%), followed by Costa de Valencia (-18%), Costa da Morte in A Coruña, Costa de la Luz and Costa da Mariña Lucense in Huelva, on all three coasts. 15% Las Palmas coast (-14%), Asturian Costa Verde (-13%), Cantabrian Coast (-12%), Balearic Islands (-11%) and Rías Baixas in Pontevedra are experiencing double-digit decreases (- 10).
This Marina LucenseFor its part, it has the cheapest prices of all the coasts with 993 Euro/m2. They are followed by the Murcian Costa Cálida (1.130 Euro/m2), Costa de Almería (1.154 Euro/m2) and Costa del Azahar (1.164 Euro/m2).