Is the Spanish property market doomed?

On the mainland, Spanish property markets (Costa del Sol and Costa Blanca in particular) were the first coastal resort areas, where the British originally discovered the charm and magic of Spain. These property markets were very much pioneers in attracting British and other nationalites to buy property here in Spain. With soaring demand for properties in the these areas, coupled together with a lack of planning permission and regulations, some parts of these beautiful areas have been greatly overbuilt.

Although the Costa del Sol and Costa Blanca property markets have now matured and provide lesser investment opportunities, there is a huge advantage in buying in these areas, thanks to the established infrastructure, that makes these places ideal for retirement abroad or holiday homes.

Thanks to the trial and errors of the pioneers, the property markets in up and coming areas of Spain are offering much more, good value for money, facilities and infrastructure that was often overlooked or forgotten in the pioneering stages of the Spanish property market.

Costa Calida and Costa de la Luz are the new future of the Spanish property market. This will continue despite the doom and gloom merchants as the competitive Spanish mortgages open up the market to more people and therefore the demand will not reduce.

Large numbers of wealth Britons and those from Northern Europeans are buying a property in Spain. This trend will only increase in coastal resorts as the European baby boomers retire. This will ensure the substantial growth in demand for many decades to come, driving the prices ever upwards!

Penny Searles
www.TheSpanishMortgagelender.com

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