COSTA BLANCA TOP CHOICE FOR SPANISH PROPERTY
As British property investors resume their love affair with Spain, it’s the Costa Blanca which is proving to be top choice, accounting for 27% of Spanish mortgage enquiries received at Conti over the last three years.
And Spain continues to be top of the list for British buyers in general, accounting for just under half (45%) of enquiries received by the company in the second quarter of 2015.
The Costa Blanca is one of Europe’s most heavily visited areas, extending 200 kilometres along the Mediterranean coast with a resort to suit every taste. And it’s Alicante which has attracted the most attention from clients financing their purchases through Conti, with more than two thirds (69%) of Costa Blanca buyers choosing this location.
Hot on its heels, however, is the Costa del Sol with a 23% share of purchases, thanks to miles of magnificent beaches, championship golf courses and fantastic amenities which attract sun worshippers and sports enthusiasts to its leisurely lifestyle. The sun-drenched town of Marbella is the first choice destination.
The Balearic Islands are next on the list, accounting for 18% of property purchases, with Ibiza standing out as the firm favourite. Traditionally known for its lively nightlife scene, it’s also home to quiet villages and peaceful sandy beaches. And the Canary Islands, with a 15% share, are also increasing in popularity, particularly Lanzarote which lies on the same line of latitude as parts of Florida and Mexico, making it an ideal all-year-round destination.