Good news! A recent survey of 5000 property hunters by the respected “A Place in the Sun” (APITS) company has shown that despite the Covid-19 pandemic, Brits are still keen and plan to buy property abroad. APITS have recorded nearly double the number of hits to their popular property portal over the Lockdown period, compared to the same period last year 2019.
“UK residents are largely undeterred by coronavirus, and still plan to buy properties abroad once restrictions have been lifted. ” Source APITS, 2020
In fact, 38% of those surveyed reported that their plans to purchase a property abroad were unaffected by the pandemic, and a further 20 per cent stated that they were more motivated to buy a holiday home or permanent residence overseas than ever.
That is not to say that buyer’s plans are on track, of course the lack of travel, work shutdowns and quarantine rules have made progress near impossible and slower for a while. But the survey indicates 58% are not deterred where 22% are delaying their house hunting for a year. Only 3% said they had stopped their plans to but abroad.
Whilst APITS have a vested interest in pushing this message they are saying “As the world starts to reopen, it seems as though the overseas property market will resume in full force, and demand for property will remain high as British buyers remain as motivated as ever.“
Other surveys and data we read does seem to back this summary. The Spanish Gov stats, the UK market is seeing a surge, other portals like Kyero has said similar too. Other agents are also saying the last month has surprised them in terms of enquiries. There are many reports and social media posts saying houses are getting offers on the strength of video and emails (subject to getting over to see). In deed a few villas here have been sold “blind”.
We are reading the various news channels for travel, tourism and of course property during the Covid-19 pandemic 2020. All these major European industries of course and so from Governments to corporate businesses to small independent traders like us are wondering what the future of our businesses will look like.
As a result the many news portals and commentators are falling over themselves to pass journalistic judgement and analysis on the current market trends and predictions.
Hondon Villas have read enough these last few weeks to be cautiously optimistic about the Spanish Property market. We have seen activity on our portals, websites and other communications to support the general “feel good” factor coming from the “experts” with the data to back themselves up. We are not sure how it will affect house prices but they are expected to fall over the remaining year according to some reports and predictions as people look to change their location / lifestyle amid the inevitable job losses across Europe.
But, of course the pandemic is not over and with talk of a 2nd wave, these predictions may not turn into reality. All we can do is try our best, make some safety and marketing adjustments and play a waiting game. But you can be sure we have not lost our passion to find ken buyers their dream home in the Hondon Valley. Take a look at these luxury value villas on the Urb. La Montanosa …. absolute bargains.
During the long and strict Coronavirus lockdown here in Spain, there were times when we all thought “when will this end” and for small businesses like us “how will affect our future”? We are not out of the woods yet but we are feeling a bit more normal in this post lockdown transition period.
So we looked back to remind us that over 15 years in the Hondon Valley we have helped 1000’s of home hunters, property buyers and renters settle into the new Spanish life and helped vendors market their property across Europe. Thankfully we regularly receive positive emails, thank you cards, gifts and testimonials from happy clients. They confirm that it’s all worthwhile and cheer us up when things get tough or uncertain.
Duncan told us “The whole process was explained to us and any questions we had were answered correctly and honestly. We would totally recommended and encourage that you buy your dream home from Hondon Villas. “THE BEST, WHAT A TEAM!!!”
And we keep all your cards and they are proudly displayed in our office space as a daily reminder we are doing “something” right. The chocolates, cakes and wine are usually consumed quite quickly by our staff :-)
So here are a few comments from clients to cheer us up and for you to see that you can be confident of Hondon Villas doing our damn best to help you buy or sell your dream home in the Hondon Valley and surrounding areas. (click to enlarge)
We know many of our British clients are familiar with and love “A Place In The Sun”. Well they have made their summer magazine FREE to read online. yes FREE! It includes lots of advice on buying property, including new builds, viewing trips and finance. (Click here or the graphic to view)
Hondon Villas have assisted the APITS team quite a few times over the years. The presenters are always lovely, professional and accessible. It still pleasantly surprises us how many times they have been to the Hondon Valley areas. You can see most of the previous APITS series on UK television Channel Four (All4) if you can get that online or a set-top box.
NEED HELP? If you need specific help with buying or selling Property in the Hondón area… well you know we are here for you. :-) Keep Happy. Keep Safe this Summer.
About Hondon Villas : We are a registered AIPP Property Agent in the Hondon Valley, Costa Blanca South. And WOOOOO Hoooo, we were voted Business of the Year by a Spanish regional newspaper. We are now at OVER 2 MILLION website visitors and always do well Customer Ratings. With over 30 years real estate experience there is no-one else in the Hondon area with such a pedigree in property sales and service. Our bricks & mortar office is in Frailes Plaza, next to the village restaurants and bars. So you can actually pop-in to see us in the flesh unlike the mobile agents operating from a car!
Our vast experience, wide network of local experts and extensive local knowledge has come in very handy for countless new Hondon Valley home owners. We care and it shows, we are on hand to help… something you may not get with other agents here or collaborators who do not know the area.
So let us hold your hand, care for you and get that dream home in the Hondon Valley. Visit our website for more information. Regards, Maureen: Hondon Villas owner and service champion.
According to Kyero (one of Europe’s largest international property portals) the following property features are high on most buyer’s tick lists. Do you agree. We think it is there or there abouts depending on the location & budget. But Kyero have the data to prove it so we’ll go with it in general.
A big part of a real estate agent’s job like Hondon Villas, is to match properties to buyer’s criteria. That can sometimes be easy but often discerning clients might be hard to please. It’s a skill and one we take pride in through the hand-holding and Q&A we do with new buyer’s of course knowing our property portfolio and local market is essential too. When we get that match right.. it’s an offer and hopefully a sale to completion. Job done and all parties are happy!
Before we reveal the Top 10 property features for a Dream Home in the sun, it’s worth noting that there is a big difference between what locals buy and the affluent foreigner looking for a holiday or retirement home. hat is especially true in the Hondon Valley where we mainly operate. Knowing the key features that buyers want helps us to source desirable properties and market them with carefully crafted property descriptions for our target audience.
So without further ado here are 10 top features that are attractive to the international buyers browsing Spanish properties through Kyero: ( source ) … not necessarily in this order of course!
When moving to a country with a warmer climate, the first thing on many searchers’ lists will be to make sure that their new property can keep them comfortable, even in the height of summer. In the Hondón area most people opt for the “inverter” types that can blow hot or cold air as it can be chilly in the winter.
Balcony / terrace
The MUST HAVE for northern Europeans used to wet and windy weather! So easy access to alfresco dining is always a tick-in-the-box for buyers are emigrating to a warm country like Spain. Hondon is mainly a sprawling landscape and affords large villas with large terraced plots so dining outside is no problem. Many envisage a life of breakfasting on the terrace in the morning sun.
Garden / outdoor space
And as well as a terrace many home buyers will be looking for more outdoor space. In Hondon the villas can have plots from 350 SqrM to 10,000 so again there will be something to fit this criteria. They want space to wander and breathe in the warmth of the air and feel the sunshine on their skin. Many would also enjoy the space to plant some flowers, or grow fresh produce perhaps that they could not have grown in their own country.
BBQ / outdoor grill / pizza oven
Can you see a theme emerging? Eating, socialising and spending time outdoors are huge motivating factors for international buyers coming from colder climates. As such, ready-made outdoor cooking facilities will always be a big plus. The larger villas often afford full size fitted kitchens outdoors… literally you’d never need to use the indoor one!
Whether for the kids or for fitness, a pool is often high on the list of priorities for international buyers looking to emigrate to sunnier shores. It’s the kind of luxury they might not have been able to justify at home, but will be a big attraction in their new life in Spain. The majority of villas in Hondon have a private pool. Luxury and a god-send in summer when it’s great to cool down, even at midnight!
International buyers will most likely want to make sure they have somewhere to park their car safely within easy reach of their property. Again, villas in the Hondon Valley area ar so large you can get several cars on the drive or plot. many have double garages or large carports to protect their car from the harmful heat and sun rays.
Large windows / stunning views
Even when they’re not outside, your international buyers will want to be able to see the outside space. A beautiful view, whether across the hills, a city-scape or the sea, will be a huge selling point. Even better if it comes with huge windows through which to view it.
Villas in Hondon are know for the large patios / nayas and conservatories with views of the Sierras… watch the sunset with a G&T from your lounge or naya is part of the dream tranquil life.
Walking distance to the beach
Not applicable to the Hondon Valley… If a buyer is looking for properties in a coastal location, one of the biggest questions on their lips will be, “How long will it take me to walk to the beach?” However, in Hondon they do want to know how long it takes to drive to a beach. Thankfully there are several from 35 to 50 minutes drive. So often they go out for the day with some town shopping or lunch.
More so than ever… we all need to be connected these days. So it can be vital for keeping in touch with family and friends back home, or for running a business from their new home. So it’s not surprising that international buyers prize a reasonable internet connection speed above many other things. Hondon has a few providers to help there and in general is very reliable but you may not get speeds as fast as your home country, Hondon is rural after all. But most manage and many people do work from home successfully.
Wine fridge / cellar
While probably not a deal breaker, a wine fridge or cellar can be a real bonus for international buyers looking forward to a new, relaxing and sociable lifestyle. It sells a vision of sitting on a sunny terrace sipping a chilled white rioja, and that dream is what will secure the deal.
Well? Do you agree? They are quite generic and not too surprising for us here in Hondon to be honest. Apart from 2 (Beach/Wine Cellar) they are often asked for in the Hondon Valley property market we serve. At home valuation time we note these and they will form part of our online property write-up.
CONTACT US: If you want to buy or sell your home in the Hondon Valley then Hondon Villas is a premium family agent for the area located in the Hondon de los Frailes high street. We have 15 years in the valley and Maureen Cook, the Director has 30+ years in real estate. We are AIPP registered for Pro’ standards and were voted Business of the Year 2015 by the Costa Blanca News.
FIRSTS are good! #LOVELOCAL #HONDONVILLAS +++++ Proud and Happy! +++++
FIRST local Registered & verified AIPP MEMBER celebrating 5 YEARS! FIRST family run agency in the area. FIRST local real estate to be nominated and voted the Business of the Year for Costa Blanca South. FIRST local real estate to employ a certified aerial photographer and videographer. FIRST local agent to have an office in the Frailes village plaza. FIRST local agent to be a legal SL company. FIRST local agent to welcome local people to a very successful family business, all with local knowledge and giving them employment contracts. FIRST local agent to year-on-year support local charities. FIRST local agency to help “A Place in the Sun” property buyers. FIRST local foreign run agency with 15 years in business in Spain . First and ONLY local business to come from the U.K. after working in real estate business there since 1983 … and so much more.
It’s worth remembering that Hondon Villas are the first LOCAL agent to register with the AIPP and so we are the FIRST LOCAL Registered & verified AIPP MEMBER for celebrating 5 YEARS! The industry body. The industry voice. The industry standard. Other agents originally dismissed it but they are catching up thankfully.
CONTACT US FOR EXPERT HELP, EXPERIENCE AND PRO SERVICE.
Buying in the Alicante region is a well oiled process now. 50% of property is bought by foreigners. Hondón is 30 minutes from Alicante Airport and well established with Expat Brits, Dutch and many other nationalities. Houses are much better value here than most of northern Europe and of course the Spanish weather and hospitality is a massive factor to move… a lifestyle choice very few regret. “Tranquilo” is the by-word … the other is “Salud”. No stress here unless you bring it with you.
Alicante area has a lot to offer even the most discerning people, from quiet tranquil valleys, steeped in Spanish culture to the hustle bustle of the Costa’s tourist beaches. We think it’s outstanding and urge everyone to have a sense of adventure in discovering the region.
You’ll find all you need here in the Alicante Province: Great value Spanish property and a buyer’s market. A wide variety of international entertainment, bars, restaurants Fiestas, Fiestas, Fiestas and traditional arts !! Large shopping malls or small artisan shops and markets Tapas and local cuisine Sunshine 300+ days per year Clean air, streets and Blue Flag beaches Spanish History & Culture Galore! Water sports, sea-faring and natural parks Great walking country Golf courses… and more golf courses Hobby clubs, community centres and volunteer organisations … and so much more!
Hondon really refers to an area of villages in the Hondon Valley. The two principal villages of Frailes and Nieves are the main attractions but there are far too many small enclaves to mention. As part of the redevelopment of the area a 400 villa Urbanisation was build 15 years ago to meet demand from foreign investors. This is called La Montanosa and is now well established, very pretty and has a sought-after property market. The villas are regarded as luxury, well built and unbelievable value for money.
Many people use Hondon as a retirement hub and base to discover more of the Alicante region, for others it is a frequent holiday destination. You definitely need a car here as there are few buses or taxis to get you out of the villages but you’ll want to get around and discover the delights of the area at your pace, so factor in a car or you’ll be missing out.
At Hondon Villas we’ve met and helped many many international clients find their dream homes. And we love to do that…. our office is in the central Plaza of Hondón de los Frailes, a typical sleepy Spanish village inland. It’s a friendly place and has most of your day-to-day needs close by…. and it’s SO RELAXING, many retirees come here and happily get by on their pensions and equity. Life is better.
Hondon Villas are the 1st agent in the area to have a central office and with 15 years in the area are best placed to advise you. If you want to know more about the Hondón Valley, property purchase or general Spanish life, JUST ASK! OUR WEBSITE and CONTACT DETAILS::: www.hondonvillas.net
Hondon’s Local Agent for 15 Years! TEL: +34 965 075 357 Mobile +34 683 635 339 OFFICE: Plaza in Frailes (Find Us Here (Map )
Many property buyers and sellers and the general economic “experts” have been asking will the current Covid-19 crisis adversely affect the Spanish property market and house prices?
Well the short answer is YES the market will change, it already has, but of course we are entering a “new normal” right now so predictions can be wild. After all we have a moving target. What about the Hondón area?Please read this to find out more…
At Hondón Villas we endeavour to keep abreast of the Spanish property market & house prices. It’s helpful to be able to advise our clients. The data and reports we look at are varied and from quite a few sources, such as property portals and official government stats. These, are of course, a few months retrospective, usually quoted as annually or quarterly. Nonetheless, they are a good indicator.
The Spanish Property Market Late 2019
The market reports surfacing now are for Q4 2019 / earlier this year (pre-Covid-19). They all pretty much show the Spanish property market had a positive line with overall, an average 3~5% increase in property prices across the country. Here are a few highlights. (c/o Spanish Property Insight).
Kyero.com says Spanish house prices are down for Q1 2020 already. They report the average price of a Spanish property is €249k, down from a figure around €270k at the end of last year. That’s nearly an 8% reduction. We can’t attribute this wholly to the current pandemic though.
The Ministry of Public Works (Fomento) +2.1% in the last quarter (Q4), based on official valuations
The National Institute of Statistics (INE) index +3.6% in Q4, based on data from the Land Registry
The Spanish Land Registrars’ Association +7.2% in Q4, using their ‘repeat sale’ methodology
The Association of Spanish Notaries index +0.5%% in February 2020
The Idealista.com (property portal) resale asking price index +3.2% in March
Two thirds of property for sale in Spain are apartments. Most Spaniards live in flats.
So the 2019 Spanish property market was jogging along OK, but was also showing a slow decline. We at Hondon Villas thought 2019 was a good year locally for us, despite the BREXIT uncertainty. Our key buyers are from the UK, Netherlands and Belgium. All the nationalities seem keen to come to live in our areas. The Hondon area community is about 50/50 locals and Expats. So a few reasons to be buoyant for the local property market but maybe not over-excited given Covid-19 has affected all these key countries.
Where are we in 2020?
We think there will be very little house price data to publish for Q2 2020 now the market is at a standstill. It could be 6 months before we can see how Covid-19 truly affects property prices.
SPI (Spanish Property Insight) did a recent survey of its readers: Foreign investors expect Spanish house prices, in particular holiday-home prices, to fall by 10% or more.
The Hondon Valley, an Established Buyer’s Market
Of course, country & regional property trends factor in the price indicators of cities and towns and the general Spanish buyer’s/seller’s habits. So these reports can be wide indicators as they DON’T focus on local markets like Hondón. For that we rely on our own sales / listings, monitoring other local agents, enquiries and of course the client’s negotiations as they buy or sell. After 15 years in the area we have a good handle on this.
The Hondon Valley property market, since the 2008 crash, has been a buyer’s market. Very few sellers get their asking price and a buyer inevitably makes a lower offer. The prospect these days are wiser to the market.
For non-Euro nationals, like the Brits, the currency exchange rate can also influence property prices. But, prices (as well as supply & demand), give or take 5%, have remained fairly stable over the last 5 years in this area.
It’s worth bearing in mind also that the Hondón Valley property market is established and mature now, with the boom being 15 years ago. This makes it much more transient as Expats move to other parts of Spain, downsize or return to their native countries. Of course migration to & from the area is mainly retired northern Europeans. The local economy is reliant on seasonal agriculture with little in terms of work prospects. There is less reliance on employment or growth. Therefore, resale property account for more of our business than new build and mostly represent better value.
Concern after the long Pandemic Lockdown in Spain
Of course, now the dreaded COVID-19 crisis has temporarily stopped the real estate market for a while. Agents in the Hondon / Alicante region have not been able to conduct house viewings for safety reasons. This should change soon, as we write, Spain is phasing in de-escalation of the severe and long 3 month Covis-19 Lockdown here.
This is a big concern for all parties involved, in what is a key sector of the Spanish economy. Covid-19 has also affected, globally, people’s confidence in life-changing choices, their health and their wealth. Europe, particularly Spain, has had some severe lockdowns, no travel in/out of the country & between regions. Tourism has suffered and has shown depressing stats for coronavirus infections and deaths (about 35,000 deaths at time of writing). External factors and how other countries handle the crisis in health and economy is also likely to affect international real estate markets.
All the above post Covid-19 problems are a worrying mix that will influence the Spanish property market supply & demand and so with it the price negotiations.
Post Covid-19 Changes: A Moving Target
We have no crystal ball on how Covid-19 might adversely affect prices, supply and demand. It’s a moving target. We are, as we write, still on Phase 0 of lockdown in the Hondón Valley. Many say there will be a second Covis-19 spike! But early feedback from clients during this time suggests we can be at least optimistic there will be a local market as we have had enquiries to view and to sell during the lockdown. No-one as yet as taken their house off the market because of COVID-19.
But to what extent the market will change, for now, we are unsure. But many retired Expats will want to return to their home countries for health / family reasons which means new houses coming onto the market. We repeat that our key market is the retired, cash-rich couples still looking for “a place in the sun“. These buyers still exist and are looking for value for money away from the crowded tourist traps.
Also, before Covid-19 we got indication that many Brits in particular wanted to get out of the UK, post Brexit vote. And of course Hondón still offers quality villas & value for money compared to many other northern EU countries.
How will Covid-19 affect the Hondon Property Market?
So, overall, as it stands now, we think there will still be a market worth pursuing in 2020, albeit slower, In general: – The market will be more competitive as supply will outweigh demand – We think prices will decline a few % points in 2020 if the crisis continues until late summer or beyond. Certainly buyers will make offers well below the asking price – It is and will still be a buyer’s market in the Hondón areas for some time – Seller’s may find they have to realistically price to sell if they want to sell quickly – Agents will have to offer better value or improve services to gain a competitive edge – Agent reputation is key in small areas like the Hondon Valley. Agents have shown in the past that they will “steal” clients or use pressure in a competitive market. A bad move or greedy agent will soon find their name is mud in the local bars / social media. – Continued crisis restrictions on air travel, higher travel prices, accommodation costs and a decline in tourism in Spain has and will continue to dent the market potential for international property buyers in 2020. – The Hondón property market relies on mainly European buyers. Any airport restrictions, curtailed schedules, quarantine measures or steep price increases in flights will slow the market down. If so, they’ll be less demand for 2020. – The UK BREXIT plans seem to be on hold amid COvid-19 and may well be delayed if the Coronavirus crisis drains UK resources and effort. Right now it’s an unknown. Uncertainty usually dents a housing market. – UK buyers and sellers will want more certainty before they make relocation or property plans. Again this could slow the market down.
So on the surface it might look doom & gloom. However, once the crisis is over we think Hondon will recover as a micro-market due to the demographic being mainly retired, cash-rich, mobile and time independent. Many here are rarely in a rush to leave and so have flexible plans in terms of price & timescales. Some play a waiting game or have room to move on price and completion.
We know from experience that new buyers also looking to retire here tend to move quickly on a house they like and can complete quickly. As cash buyers, we find houses are bought outright, such is the value of property here compared to Northern Europe. Rarely are mortgages or chains involved. House Sales can be done in 6 weeks, sometimes less.
Providing all parties realise the market is what it is right now and can find an agreeable price we think there the future will be OK, not fantastic for a while, but OK. We think some sellers and buyers need to be realistic and respectful of the current situation as many long term property owners have had to endure a stormy EU market for 10+ years where most, if not all property here has dropped 30-40% in price over that time. It’s been picking up for the last few years but Covid-19 has may well have undone all that.
Hondon is an established market now. The villas are large and usually excellent value. It’s on many Agent’s radar now, there are collaborations, publicity, it’s a summer holiday destination too now… In general it is very buoyant for an inland rural area.
We can also say that the Hondon Valley area is still a sought-after retirement niche for inland property. The sprawling and quality built Urb. La Montanosa is still very popular with foreigners looking for decent sized villas with pools.
So the Hondón property market kind of ticks over rather than shows growth, as there is no substantial new build or major business opportunities at the moment. Friends and relatives of foreign residents see this, the “real Spain” community, they see the value-for-money and look to buy also.
So we have to be optimistic, it’s our job, but of course, we can only speculate and time is our answer. Maybe you disagree? Let us know.
NEED HELP? PLEASE CONTACT US : If you need advice or help with property sales in our area just contact us. We are always happy to assist. You can call, email, Whatsapp, Facebook or best of all walk into our high street office in Hondón de los Frailes – Contact details here >
Hola! thank you for your visit.
If you are looking to buy or sell property in the Hondón Valley area, please consider Hondón Villas, a local family business for 15 years. We are passionate about property and can advise & hold your hand throughout the process. Our office is in the main Frailes plaza, open Mon-Fri 10.00-17-00 and by appointment at evenings and weekends, WEBSITE : WWW.HONDONVILLAS.NET