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What’s in the store for the Spanish Property Market in 2018??

Use of cutting-edge technology, rising rental prices and a healthy growth in the sales are to be expected this 2018

Technology

2017 saw technology become a USP for new developments. The use of ecologic and sustainable materials, as well as the integration of new techniques and designs that improve and optimize the energy efficiency of new homes. New developments like Emare and The Edge in Estepona, or La Finca in Sotogrande are just some projects that bring us closer to the idea of “Smart Homes”.

Rental Prices

Another trend of 2017 was rising rent prices. Málaga and Cádiz had an increase of 6% and 7% respectively on the previous year, although, in some localities, the growth is even higher. Renting a holiday home has become easy and straightforward, thanks to the use of the internet and apps like AirBnB. Holiday rents are also on the rise as demand for holidays in Spain sees record numbers. Spanish property owners are reaping the rewards of this increase being able to double or in some cases triple their rental income during peak holiday season. Unfortunately, the most affected are families in search of long term rentals, with seasonal holiday renting being the preferred option for landlords, long term contracts are hard to come by. Hotel numbers have also been hit hard by this new wave of holiday rental websites. I expect 2018 to bring a lot more regulation aimed at landlords offering holidays rentals.

Sales

2017 was a good year for the Spanish property market. Prices, sales, mortgages and new construction licenses have all enjoyed strong growth and this trend is set to continue in 2018. The Spanish property is back and ready for new investment.

 

What my clients say...

Celeste is a very professional Real Estate Agent. She knows the area extremely well and is therefore very capable of showing the right properties. She is very customer-focused, friendly and goes the extra mile to keep her clients happy. We are very happy with her help and would recommend her to all who are looking for real estate in the area! Saida & Hachim from the Netherlands

We had desires to invest in Spain, but the distance has slowed us down. For several months, we were in contact with several real estate agents. The one that gave us the most confidence is The Property Agent owned by Mrs Celeste Alonso. We met an exceptional person through the internet following our research, and I must tell you that we are delighted! This beautiful meeting was decisive; it is a person who proves the real qualities of professionalism. She took charge of us from beginning to end. Arrived in Spain in Malaga, she accompanied us for visits to different apartments, and we found a rare pearl thanks to Celeste.  Mr and Mrs Catteau from France

Celeste is the reason we bought our property. Her knowledge of the market and her ability to find gems in the residential real estate sector are second to none. Time and again, she has proven to be reliable and extremely trustworthy. She provided us with immeasurable support during the purchase of our property and, most importantly, while we were decorating and renovating our apartment. Celeste’s network of contacts has been invaluable to us and were key enablers in ensuring a smooth purchase and world-class after-sales care. If you are looking to rent or buy a property, we consider Celeste to be the best at what she does. Don’t settle for anyone else! Five stars! PS: Our dog loves her too! Marzia & Satya from Italy

We decided to work with Celeste from our first conversation by telephone. We liked her approach and very good care of customers. Celeste supported us not only before and during the purchase, but also after the purchase was successfully completed. Celeste really helped us a lot. We are happy that in Spain we have a great friend of ours! Be sure that we will recommend Celeste like the best Real Estate Agent in Spain. Dana & Andrew from Poland

Jo and I would like to thank Celeste for the very professional service that she gave us when we decided to move from France to La Alcaidesa. She was spot on in understanding our requirements and, when we found the right property,  she ensured that the whole conveyancing process went through very smoothly and quickly. But what impressed us was that, after we moved in, Celeste ensured that we discovered all the local services in the area. This was our 5th house move and we can honestly say that she helped to make this the easiest. Mike & Jo from the UK    

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