Blog Post 13/01/2020
The numbers continue to look good for investment in Sotogrande property this year
There are plenty of fine reasons to acquire property in Sotogrande from a lifestyle point of view, ranging from the stunning natural attractions and extensive sporting amenities, right through to the reliably sunny Costa del Sol climate and the celebrity glamour that this corner of Andalucía has also become renowned for.
If, though, you’re keeping an eye on how Spanish house prices are moving and what your investment could be worth in the future, the signs are looking great there, too, as we look towards what’s likely to be another busy year serving property-seekers for our team here at BM Sotogrande.
A sustained upward climb – but with ample further potential
The country’s highly respected property valuation firm Tinsa provided one of the most interesting recent insights into the current health of the Spanish property market. The company’s summary of market trends for 2019’s final quarter showed a 2.6% rise in Spanish home values compared to the previous year.
It means that since early 2015 – when the Spanish property market effectively ‘bottomed out’ – Tinsa has seen house prices across the country as a whole go up by 14.7%.
However, the current figure is still 33% lower than the peak average value recorded for late 2007, which indicates that those buying property in Sotogrande now can be confident of plentiful scope for continued growth in the months and years ahead.
This is supported by another recent report, on the Murcia Today website, quoting figures from a Spanish property portal that suggested prices of residential property throughout Spain had heightened by an average of 2.33% over the course of 2019.
Allow us to guide you to lucrative property opportunities this year
Whether you are interested in property in Sotogrande mainly due to a wish to realise the benefits of such sustained house price rises in this highly desirable part of the world, or instead with a view to living here yourself, BM Sotogrande has the expertise and experience to assist you in realising your dream of owning housing in the area this year.
Simply call (+34) 956 785 092 or (+34) 650 73 66 23 today, or send us an email to learn more about how we can point you in the direction of the property in Sotogrande that best matches your preferences and requirements in 2020.