The real estate market in Nerja July 2023
The real estate market in Nerja is currently booming with lots of excitement.
Many people are coming to this beautiful part of southern Spain to buy their dream homes, showing that interest in properties here is on the rise. Several factors seem to play a role in this.
1. Tourism is Back: After a tough year in 2020 and a not-so-great year in 2021, tourism is now back in full swing in Costa del Sol. More and more visitors are falling in love with the place and wanting to own property here, which is driving up the demand.
2. Foreign Buyers are Returning: Many people from other countries are buying properties in Spain, and it's at the highest level since late 2007. British buyers are leading the way, followed by the Dutch, Germans, and Swedes.
3.Reasons for the High Demand: According to research by CaixaBank, three main reasons contribute to the strong demand for Costa del Sol properties:
a. More Retirees: Lots of people from Europe see Spain as a great place to retire, and that's bringing in more potential buyers.
b. Attractive Vacation Spot: Spain is a popular destination for tourists, especially Europeans looking for holiday homes.
c. Remote Work Opportunities: With more people working from home, some can live in Spain for longer periods and still keep their jobs.
4. More Foreign Investments: Many investors from other countries are buying properties in Costa del Sol, and that's causing prices to go up. Property values have increased significantly in the past year.
5. High Returns and Investor Appeal: Properties in Costa del Sol, especially the more expensive ones, are very appealing to investors because they can bring good returns, especially with inflation rising.
Conclusion: If you're thinking about buying property in Costa del Sol, now might be a good time. The real estate market is thriving, making it an attractive choice for both buyers and investors. Our experienced team in Nerja can help you find the perfect property that matches all your needs. Don't hesitate to get in touch with us and start your Costa del Sol property journey today.
