Three bedroom villas came top in Spain’s popularity list

Fly to let - In brief

Three bedroom villas came top in Spain’s popularity list

The latest independent data that has been collected from Kyero.com has shown that there is hot competition for Spain's most sought-after properties.

In Q3 (June - Sept 07) the most searched-for property on the website was a three-bedroom villa under €150,000, however only 244 results out of 90,000 matched this criteria meaning that 0.3% of available properties were being sought by over a third of potential Spanish property buyers visiting the portal.

Martin Dell, MD of Kyero.com, said: “There is clear disparity between properties currently available and what British buyers are seeking. It seems that buyers have not increased their budget in line with inflation, let alone the 15-25 percent annual growth experienced in Spain's boom years.

“ Some purchasers clearly understand the need to adapt their buying criteria as there has been a rise in interest in larger resale properties, especially those in up and coming, and often cheaper, inland provinces.”

In terms of location, results from Q3 revealed that the old favourites of the Costa Blanca and Costa del Sol (the provinces of Alicante, Malaga, Granada and Almeria) remained the most popular, accounting for 76 percent of all visitor interest. Interestingly in Malaga, 23 percent of visitors searched for property up to €350,000 suggesting that the province is attracting a higher proportion of affluent buyers compared to the 12 percent nationally who were seeking property in this price range.

Looking at higher price brackets, Girona, Spain’s wealthiest province, saw 41 percent of visitors searching for property between €500,000 and €1 million. The Balearic Island of Mallorca attracted 7 percent of buyers searching between €1 and €2 million.

Tarragona province on the Costa Daurada in north eastern Spain emerged as the hotspot for bargain hunters with 36 percent searching for property under €50,000.

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