After the impact suffered by the pandemic, the real estate sector in Spain It has been recovering in a positive way, reaching figures for house sales that are higher than the levels prior to the pandemic. In fact, according to data from the General Council of Notaries, in August 2021 there were 38,154 home purchase transactions, which reflects a 12% increase compared to the same month of the previous year, and a variation of 26% compared to 2019, a time when the sector had not yet been impacted by the health crisis.
In this recovery, the private buyer and investor interested in luxury homes located in large cities such as Madrid or Barcelona, on the islands and coastal areas, has played a fundamental role. The Evaluation Institute ensures that Spain is an ideal place for foreigners seeking luxury homes in areas prime.
From the sector they point out that the relaxation of travel restrictions and greater international mobility has driven the reactivation of foreign investment in Spain, and especially the demand in the luxury housing market by the population with greater purchasing power.
The success of the islands and the coast
For one thing, it’s already looking like Europeans are interested in luxury properties located in beach enclaves, such as the Mediterranean coast and the Canary and Balearic Islands, since they are looking for destinations of sun, coast and good weather, as well as offering them a good range of services, gastronomy, culture and leisure.
While in the urban luxury market, cities such as Madrid and Barcelona stand out. These attract the attention of Europeans and other foreigners from Asia or Latin America who buy homes both for themselves and for investment. In fact, in Madrid there are various promotions of new luxury homes that seek to meet this demand in the areas prime like Chamberí, Salamanca, Retiro, Centro or Chamartín.
Market on the rise
The stoppage of the pandemic has generated real estate opportunities with high profitability possibilities. «Investing in a property is still a safe bet, something that has become even clearer in this last year in which the brick sector, despite the impact of the pandemic, has resisted and even recovered very positively, “they say from Valuation Institute.
The luxury market is on the rise and this means that now is the time to invest before prices increase, taking advantage of real estate opportunities. When evaluating the best assets for investment, the main factors that buyers usually evaluate in this type of home are: location, amenities, qualities of materials, services and common areas, and other factors such as the home automation, technology and energy efficiency of homes.
The luxury housing market has more and more followers, among the new buyers there are young entrepreneurs or …….