Every quarter we take the opportunity to have a look at the enquiries that have come through our portal to see whether they show any interesting trends or insights for our agents.
We use the quarter’s figures to build a picture of the online buyer activity in relation to each province. And we look at the areas, types of properties and price points that are proving particularly popular with enquirers.
So why not find the provinces that you operate within in the list below? Check how your experiences compare with our most recent stats.
Alicante’s top destinations remain Torrevieja, Alicante and Dénia with the average prices of all three being up year on year (by 4.3%, 23.9% and 3.4% respectively). In general, Alicante is showing an upward annual trend in terms of price, with the fastest-growing destination for this the city of Alicante itself – interesting as it comes off the back of a 12.8% decrease in asking price year on year for the last quarter. Apartments are the popular property type (at 41% of demand) for enquirers. While data shows that visitors are mostly enquiring about properties in the range of €50.000-€250.000.
In the province of Almeria, we’re seeing Vera, Mojácar and Arboleas appearing as the most popular destinations for online enquiries. And while Vera was the fastest growing area in terms of price, with asking prices growing at 7.2% year on year, Arboleas saw a more modest 2.7% rise and Mojacar experienced a slight fall with prices down slightly by 0.8%. Overall, however, the trend in asking prices in the province was positive, but we’ve found that visitors were mostly looking for properties in the lower price brackets.
Most popular destinations in Barcelona remain the city of Barcelona itself, Sitges and Sant Pere De Ribes. Only Sitges, however, has seen a positive price rise. Up 4.3% year on year, it is the area’s fastest-growing destination. The city of Barcelona saw a 2.6% fall in the average asking price, but this is considerably less than the 8% fall we saw last quarter. As previously, and probably unsurprisingly given the prevalence of city properties within this region, apartments within the range of €250-€500k, are by far the most commonly enquired about properties.
As this province’s fastest-growing destination, with asking prices up 10.5%, Vejer De La Frontera has bucked the recent trend in Cádiz, an area that has experienced slow growth generally since the 2008 crash. Almost 60% of people enquiring in the province of Cádiz in the last quarter were looking for villas.
It’s villas too that are the most popular type of property in the province of Girona, followed closely by apartments – mostly within the range of €150- €500k. And it’s the areas of Lloret De Mar, Tossa De Mar and Calonge that are topping the popularity charts. While it’s Sant Antoni De Calonge on the coast to the north-east of the country that has seen the highest average asking price rise at 17.5% year on year.
In the province of Granada, it’s capital city Granada that wins the prize for the fastest-growing area with asking price growth of 37.4% year on year, despite the most popular price bracket for enquiries being €50- €100k. But it’s Almuñécar, La Herradura and Salobreña that proved to be the most popular destinations in the province during the last quarter.
Ever popular Gran Canaria has once again experienced a mix of fortunes with fastest-growing destination Las Palmas De Gran Canaria displaying asking prices up 13.3% year on year, countered by Maspalomas, above on the list of the most popular areas and yet down 22% year on year in terms of asking prices. Demand tends to focus on the lower end of the price range, and two-thirds of enquirers are interested in apartments.
For the first time in recent years, we’re seeing a negative trend in this popular island destination when it comes to asking prices, suggesting that prices may have topped out and buyers are potentially looking to get better value for money elsewhere. Top destinations are Ibiza and Sant Josep de sa Talaia, both showing falls of around 3% in asking price. But Santa Eulària Del Rio, the most popular destination in this region fell by a significant 18%.
The resorts of Estepona and Marbella are still riding high at the top of the popularity list in the province of Malaga, with the former rising by 0.8% year on year and the latter by over 6%. Neria takes third spot, but again prices are generally rising in this area. Most popular property types in this region are apartments in the €150- €250k price bracket, attracting almost one-third of enquiries in the province.
Once again Mallorca proves to be the most popular province in terms of enquiries, with prices rising yet again in the most sought-after areas. Palma De Mallorca has seen an increase of 14.4% year on year, Santa Ponsa is up by 8.2% while third on the list Sóller shows a 6.3% increase. As ever, the most enquired about properties are apartments in the mid-range price brackets which are particularly difficult to come by.
As last quarter, the popular British expat province of Murcia continues to show mixed growth. The most enquired-about areas of Camposol and Mazarrón show a decrease in asking prices of around 4% while Los Alcázares shows a slight increase. The fastest-growing destination though, the large golf resort of Condado de Alhama, has reported an 18.4% year on year increase in asking prices. The most popular properties in Murcia are low priced, great value villas and apartments.
Last quarter we reported signs of a slowdown in interest in the island of Tenerife, and recent data seems to agree. The three most popular places in terms of enquiries all saw a decrease in the average asking price, Adeje and Playa de Los Cristianos by 9%+ and Arona by 34.1%. This is countered slightly by Santa Cruz De Tenerife, further down the list reporting a price rise of 16.6% year on year. Almost 70% of enquiries centre on apartments in the area.
While Valencia has followed its recent form, seeing a decrease in asking prices in its two most popular destinations Oliva (with prices down 2.7% year on year) and Montserrat (down by 12.3% year on year), the city of Valencia itself enjoyed a healthy price rise of 25%. The majority of enquiries in this province were for villas in the lower price brackets.
How do our findings compare with official data?
At the beginning of July, we reported that the latest HPI report showed positive signs of a continued housing recovery with areas such as The Balearics, Barcelona and Madrid leading the way, but less activity on the Spanish Islands than had been seen in recent years. This led us to speculate that the island locations which have seen rising prices in recent years are falling out of favour for mainland coastal locations and cities.
Our findings correlate with this, with the island of Ibiza and Gran Canaria, in particular, experiencing falling prices. Mallorca continues to buck this trend, seeing strong asking price rises in our data set too. Meanwhile, Vejer de la Frontera in Cádiz achieved a decent price rise in an area that has generally been trending downwards, perfectly demonstrating our suggestion that people are looking for better value for money. In this case, the area is only 10km inland, near to popular Murcia and Almeria, but offers a hillside location with beautiful views over the coast and Strait of Gibraltar.
Check back regularly for more market insights from Kyero.