Spain has soared in demand from UK property buyers and is now at its highest level in four years.
Rightmove suggests that the number of buyer enquiries for a home in Spain was up 36 per cent in April this year compared to a year earlier.
They also added that Spanish property purchases by UK citizens in the first three months of this year were the highest since 2018 and up 16 per cent on 2019, the year before the pandemic.
It said that new data from the Spanish Registrars – the Spanish equivalent of the Land Registry – shows that the number of British buyer transactions in Spain is at its highest level since 2018.
The number of transactions from British buyers in Spain in the first three months of the year was 73 per cent higher than the same period last year, and 16 per cent higher than the same period in pre-pandemic 2019 – statistics by Rightmove.
British buyers continue to be the biggest overseas market for Spain, accounting for 12 per cent of foreign transactions at the beginning of this year
There are more British buyers enquiring on properties of more than €500,000 to obtain their ‘Golden Visa’, allowing them to reside in Spain which wasn’t necessary pre-Brexit.’
The so-called Golden Visa is a residence visa for non-EU citizens who invest in property in Spain costing at least €500,000.
Additionally there is a non-lucrative visa which allows Britons to stay in Spain for longer than 90 days without working.. However, they must have sufficient financial means to support themselves.
This Frontline Golf Apartment is being sold complete with everything, Furniture, Appliances, TV, Security, Plates and Cutlery.
It also includes 2 sets of golf clubs and an electric golf trolley.
It’s clean and does not need any redecoration which makes it ideal for a first-time buyer or investor who is looking for a golf rental holiday business.
It is in an ideal location for those seeking access to golf 365 days a year (no winter greens).
The area is peaceful and quiet, yet close to some interesting and active Spanish local Towns and Cities.
Being up in the mountain foothills there is easy access to nature, mountain walks and great biking routes, both mountain and road.
The apartment has 2 bedrooms, a family bathroom and the Master Bedroom has an ensuite.
Both bathrooms have the latest bathrooms with showers. The boilers have been replaced with a larger modern type so there is plenty of hot water.
The Kitchen is fully functional and complete with washing/drying and dishwashing machines, cups, cutlery, fridge freezer, electric hobs – everything you will need for instant move in or let.
This property is well decorated throughout and needs no modernisation.
There is plenty of space to relax on the large balcony with views across the golf course, over the 9th and 10th holes on the back 9.
It has off-street underground parking and a large (trastero) storage room.
In addition, the apartment is very close to all the facilities offered by Alenda Golf, which include a fully equipped modern Olympic gym, a Pilates area, a Paddle Tennis court and a Supermarket that has a complete range of food and drink to suit all needs.
The clubhouse has a tapas bar restaurant that serves all types of European food and drinks which you can have inside or out on the very large terrace, that has spectacular views over the course towards the sea.
Alenda Golf is a popular 18 holes golf course located just a few minutes from the town of Elche, 10 minutes from Alicante and only 15 minutes from Alicante International Airport with cheap flights to and from most European destinations.
It is situated at the foot of the Sierra de Las Aguilas mountains, the Alenda Golf Club has built a wonderful 18-hole golfing experience with gentle terrain but still a challenging par of 72.
It’s a varied course suitable for all skill levels but you will probably have to use every club in your bag.
The tricky undulating greens in particular demand a good putting line that allows for the slope. Flag positions are changed on a regular basis so each green challenges your ability to read greens and pase.
Designed by Roland Favrat and opened in 1999, the course is mature, well planned and provides a relatively quick round as all the holes are linked together with short distances between the tees and greens.
There is a driving range, a practise area of 6 holes and a putting green.
The Golf School guided by the Golf Federation of the Valencian Community has an excellent practice area with 25 driving range stations and areas where you can practice all short and medium game levels.
Alenda Golf is also a European Tour Qualifying Venue.
There are also four other quality golf courses within 30 a minute drive from Alenda Golf.
The cumulative price of housing for sale has risen in the Valencian Community by 13% in five years -compared to 2016- and 0.8% more in one year -compared to 2020-, according to the study ‘Cumulative variation of housing in Spain in 2021’, based on the prices of housing for sale in December of the last 16 years of the Fotocasa Real Estate Index.
However, this latest house price marks a decrease of -14% in 10 years -compared to 2011- and -40% in 15 years -compared to 2006-.
“Indeed, the data indicates that the price of second-hand housing has increased in the last five years, but contrary to popular perception, it has not done so as high as is estimated among citizens, presenting 16% of cumulative rise at a national level”, explained María Matos, Director of Studies and Spokesperson for Fotocasa.
Analysing the prices paid for a home for sale in 2016, the average price per square metre of housing has increased by 13% in the Valencian Community (from 1,287 euro/m2 in December 2016, to 1,448 euro/m2 in December 2021), according to the Fotocasa study. Thus, Valencians five years ago (2016) had to pay an average of 102,928 euro for the sale of an 80 m2 home, compared to the 115,805 euro paid on average in 2021.
By provincial capitals, housing in the capital of Valencia has increased its value by 32% since 2016 and, in other words, for an 80-square-meter home for sale, 129,392 euro were paid 5 years ago (€1,617/m2 in 2016), while in 2021 170,410 euro have been paid (€2,130/m2 in 2021).
Meanwhile, two more Valencian cities have a positive cumulative compared to five years ago (2016) and they are Alicante (16%) and Castelló de la Plana (7.0%).
A leading Spanish home builder has drawn on its 60-plus years of experience to provide information and advice to those who are purchasing property abroad for the first time.
“Deciding to buy a home in another country can be hugely exciting but also rather daunting. There are plenty of unknowns involved, from legal processes and unexpected costs to administrative requirements. But a detailed, methodical approach can ensure you buy safely while still enjoying the process – as well as the outcome,” Marc Pritchard, sales and marketing director of Taylor Wimpey España, said.
The firm’s first piece of advice is to buy through a reputable agent/developer with a long and unblemished track record, advice that is echoed by the team at Property Guides, whose Spain Buying Guide lists ‘a trustworthy estate agent and a good, specialist lawyer’ as ‘absolute non-negotiables’.
The company also recommends that purchasers should seek clarity on the buying process and legal timetable at an early stage.
“It’s essential to understand the legal hoops you need to jump through in order to buy a property abroad. That includes any parts of the process that will require your physical presence in the country in which you’re buying – although thankfully so much can be done digitally these days,” Pritchard explained.
“Being clear from the outset on what’s involved and what the timescales are can cut out a vast amount of unnecessary stress further down the line.”
It’s also important, Pritchard said, to not make assumptions, especially when it comes to a home’s intended use.
Many countries and regions have restrictions around renting out holiday properties, meaning that those who plan to buy a second home and then rent it out when not in use need to do their homework.
Local rental licence requirements also warrant careful investigation, Pritchard warns. And, with the UK having left the EU, so do visa requirements and restrictions.
“Another tip from Property Guides is to lock in your currency exchange rate as soon as you are certain you are buying, using a Forward Contract,” Pritchard added. “By doing so, you don’t leave yourself exposed to the risk of exchange rate volatility making the property more expensive by the time you sign on the dotted line.”
Finally, the Taylor Wimpey España team points out that buying a second home overseas is about more than your four walls.
“Don’t forget about all those things that make a house a home. That means planning for big ticket items like furniture, both from a cost perspective and in terms of practical arrangements. Again, this is something that can be fun when you’re organised or a pain if you leave it to the last minute!” Pritchard concluded.
Alenda Golf has a full driving range that allows full drives from the 25 placement mats, there is also a Bunker and pitch & putt practice area.
The Driving range is illuminated and allows you to practice up until 22:00 h.
There is also an excellent practice area which consists of 6 tees of various distances that all converge on to the same green that has three holes cut.
It is ideal for beginners and experts who want to practice the short game.
The Alenda Golf Property team has lived here at Alenda Golf for over 17 years and believes it is truly a unique place to live. It offers the peacefulness of country living, a high quality lifestyle surrounded by the famous local grape vineyards of Monforte del Cid and the pine forests of the Sierra de Las Aguilas mountain range.
Alenda Golf is conveniently located within 15 minutes of Alicante Airport and the historic towns of Elche, Alicante, and Monforte del Cid. It is also close to the white sandy beaches of the Costa Blanca.
For the last 17 years, Alenda Golf Property have helped their clients to buy new homes, sell their property, and have also managed property for those who have purchased here at Alenda Golf but live overseas.
Come and check it out, or call the Alenda Golf specialists today on + 34 649 649 018 and ask to speak to Gloria.
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