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.