Sunday, 8 September 2013
|Ref: VRE 2270|
Type: Country Property
Area: Costa Blanca South / Alicante
|: This South Facing, Four Bedroom Detached Villa in Crevillente offers real character and is located in the outstanding Spanish country side, situated within less than a 10 minute drive from the town centre, where you can find all amenities, including bars, restaurants, shops and more. This property has the main house and an outer building included on the plot, the main house comprises of an open plan fully fitted kitchen; lounge/dining room with feature high ceilings, and access out to the covered terrace, which overlooks the beautiful pool and gardens; two double bedrooms, the master with an en suite bath room; a cloakroom/toilet; a family shower room; and stairs that lead to the spacious attic area. The outer building comprises of a living space with dining table and chairs; two double bedrooms; and bathroom. Outside is an enormous garden with various plants, trees, shrubs, a private swimming pool, an outside kitchen and BBQ area, plenty of off road parking leading up to the garage, wooden shed and much more!|
The average price of resale property rose 0.7% in July compared to a month earlier, the first rise in 41 months. The majority regions saw and increase with Galicia, Asturias and Extremadura the only regions where prices fell (by 0.1%, 0.2% and 1.2% respectively). In Andalucia prices remained stable.
Although it’s far too early to jump to conclusions based on a month’s data, there are other indications the market might be about to turn. A report by the Ministry of Public Works shows the Spanish housing glut is now shrinking due to big discounts and a total collapse in building activity.
The Spanish “bad bank” has also this week sold the first phase of its property portfolio to institutional investors HIG Capital.According to OECD figures Spanish house prices are now at 2000 levels (around 30% down) before accounting for inflation. After inflation prices have more than halved.
It’s a fool who predicts the bottom of a property cycle but what is certain is that from an agents’ perspective the international Spanish property market is looking healthier than many other European markets. Prices have dropped further an almost any other European country. International buyers are a small but buoyant proportion of the market and I'd be willing to bet on the domestic market turning the corner by 2015.
Source: Global edge