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British buyers head back to the Costas

With property prices up to 50 per cent below peak levels, househunters are snapping up Spanish bargains

British buyers head back to the Costas

With property prices up to 50 per cent below peak levels, househunters are snapping up Spanish bargains

There has been hushed talk of a recovery in the Spanish property market for about a year. Now though the pronouncements are louder and more resolute: confidence has returned. British buyers are back on the Costas.

Spain’s surplus of new homes — an estimated 400,000 — is slowly diminishing. Sareb, Spain’s “bad bank” created to shift the stagnant stock, sold more than 5,000 homes in the first four months of 2014, compared with 9,000 in the whole of 2013

Source: The Times