Spain’s overseas property market starts to rebound

Spain has seen a rebound in popularity with overseas property buyers, with Barcelona and Benidorm seeing strong gains according to a leading consumer website, TheMoveChannel.com.

Overseas Property Professional (OPP) Today reported that the latest (Q4 2016) Hotspot Index saw Florence leading the way with 3.37% of location searches, up from 2.86% in Quarter 3 2016.

Rome remained in second place on 1.91%, with Cascais, Portugal, was up three places to third. Barcelona and Benidorm were placed sixth and seventh respectively, with Spain accounting for four of the top 10 destinations – a dramatic improvement on Q3, when it did not appear in the top 10.

Dan Johnson, TheMoveChannel.com director told OPP: “There has been talk in recent months of declining demand for Spanish property in the wake of the UK’s vote to leave the European Union, thanks to the pound’s weakness. Spain, though, still shows signs of being as popular as ever among lifestyle buyers, with the Costa Blanca, Costa Brava and British expat favourite Benidorm all among the most searched-for destinations on TheMoveChannel.com in Q4 2016.

“For US or other non-EU buyers, Spain is also an attractive investment, for either buy-to-let or capital growth opportunities. It is perhaps no surprise that Barcelona, which combines both tourist and investor markets, is the most popular hotspot in Spain.”

To read the full OPP Today story, click here.