Recent reports into the Spanish property market have revealed that the supply of homes for sale in Spain has experienced a four percent decrease during the third quarter of 2023 compared to the same period last year. This varies around the country, but in Malaga in particular has seen a 3% decrease in supply - you can read the full article on this report on Euroweekly News. High demand for rental properties is also pushing prices up in Valencia, Palma, Alicante, Barcelona and Madrid according to SpanishPropertyInsight. We’re definitely seeing the same trends on the Western Costa del Sol, with strong demand for properties to buy and rent long-term.
The Western Costa del Sol continues to grow in popularity
In our core areas of Manilva, Duquesa and Casares on the Western Costa del Sol, the high demand for properties to buy and long-term rental properties continues. Price increases in the rest of the Costa del Sol and the proximity to Gibraltar with its excellent job opportunities are pushing people into this area. There’s a sense that many of the more famous towns and cities have become overpriced and that there is a real lack of stock in the most prestigious areas. Buyers love the excellent value for money properties that are still available in Manilva, Duquesa and Casares. They also like the more laid-back lifestyle, excellent golf courses and lower cost of living that this area can offer. It’s a great area in so many ways and offers an attractive balance of the Spanish identity and traditions, alongside a strong resident population. It’s no wonder that the property TV shows are visiting our area so much!
If you’re looking to buy property in Manilva, Duquesa and Casares please get in touch. We currently have access to nearly 600 properties in La Duquesa, Manilva, Sabinillas, Casares and are dedicated to customer service, and supporting you every step of the way. You can check out our reviews on Trustpilot to find out more. We have 97% 5* reviews and a reputation as trusted real estate agents in Sabinillas. There’s also a useful article on our blog all about how to buy a property in Spain, that we hope you’ll find useful.
Long-term rental property update
There is a lack of supply of quality long-term rental properties in Manilva and this is causing prices to increase and for landlords to often demand high deposits. If you’re looking to find a long-term rental property, please contact us with your requirements and we can add you to our list to be notified as soon as a new property comes onto the market.
Renting your property long term is also an interesting option to consider for property owners in Spain who don’t use the property very often. We barely have time to advertise long-term rental properties before they are snapped up and the rental yields over the year can be very attractive.
If you’ve been using the property for holiday rentals, but don’t want to have to register guests with the local police station, or compete with the thousands of holiday rentals during the peak season, we’d definitely recommend considering it. We’ve written an article all about renting your property long term in Spain to help you find out more about how it works. We have a large waiting list of long-term rental clients ready to go and would be happy to speak to you about listing your rental property, so please do get in touch.
A changing buyer profile
This year has been a strong year for the property market on the Western Costa del Sol in general, although the types of buyers have been changing over recent times. The desire for British people to purchase properties and move over to Spain has not been reduced by Brexit, but the visa process and the requirements to become resident here is slowing down the move, or sadly making it impossible for some people to relocate here.
However, in the place of Brits, we’re experiencing an upsurge in buyers from Belgium and Scandinavia. Most of our buyers are retired and looking for properties where they can spend the winter months, returning to their home countries over the summer. They are particularly looking for coastal properties, close to amenities, which are south facing and have a large terrace. If you have a property that fits the bill, we have serious buyers looking for them, so please list your property with C2C Properties and let us help you to find the ideal buyer.
Brian Berney celebrated his 15th anniversary of owning C2C Properties in July 2023. We are one of the very few licensed and regulated agents on the Costa del Sol and are members of the API and AIPP and so you know that you’re in safe hands when you list your property with us. Find out more about why list your property with C2C Properties, or pop into our office in Sabinillas to meet the team and find out how we can help you.