I would just like to say a big thank you to all of those customers who have helped make 2014 a record breaking year for Spanish Hot Properties which culminated with August 2014 being the companies best ever month for new agreed sales in the history of the company.
To give you an idea of the breakdown of the clients that bought in August 40% from the UK, 15% from Russian, 30% from Scandinavia and 15% from mainland Europe. The most interesting stat is that 40% was from the UK a big increase and ahead of the 15% for 2013 for Spain as a whole. Finally they realise the recession is over but in reality most of the best deals have already gone but some opportunities still exist.
As to when prices rise again it’s clear that is already happening in prime location areas such as Mallorca and Marbella. Another question asked by our clients is a very simple one; can I lose money by investing in Spanish property now? The answer to the question is only if you buy badly natural economics say if you buy below the cost of replacement value eventually prices will rise. Also this summer in Marbella it was impossible to find a Hotel in August in the Marbella area and very difficult to find a holiday rental apartment so again you can work out the rest for yourselves.
The question for all of us is when a normal buying market will return where 50% of the properties sold are not bought by international buyers. Anyway once again a big thank you to all of you who have helped 2014 be such a great year for Spanish Hot Properties