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Quarterly Provincial Reports: Q3 2019

With Quarter 3 over, it’s time to reflect on the enquiries we’ve seen via the Kyero portal. We’re looking at our data to identify interesting trends that might give our agents insight into their operating areas, or those they’re looking to break into.  And which areas are are proving popular, what types of properties, and the price points that are seeing the most enquiries.

Quarterly Provincial Reports Q3

Let’s look at each province in turn.  Find the one in which you operate in the list below – do our figures match your recent experiences?

Alicante

Yet again this quarter, Alicante’s most popular destinations are Torrevieja, Alicante and Dénia, with the average prices being up year on year (by 2%, 23.3% and 4.6% respectively).  The fastest growing destination in the province is Alicante itself – with the most commonly enquired about property types being apartments (41% of demand), followed closely by villas (36% of demand).  And data shows that visitors are mostly enquiring about properties in the range of €50-€250k, with €50-€100k being the most popular price point. Altogether a very similar picture to previous figures.

Almeria

In Almeria, on the south coast, Mojácar, Albox and Vera are the areas that have received the most online enquiries.  Although Mojácar has experienced a 5.5% prices fall, while those in Albox and Vera rose by 2%. On the other hand, Oria has seen the highest price rises in Almeria during Q3 (up 9.2%).  In this province visitors are mostly looking for villas, country houses and apartments. Prices range €50-€100k, with this price bracket representing 57% of demand.

Barcelona

Contrary to last quarter, Sitges has hit the top of the list of most popular destinations with Barcelona following closely in second.  In fact, Sitges has seen a healthy 13.1% rise in house prices year on year while Barcelona, which saw a fall last quarter, has returned to more positive figures with a slight rise in house prices over the last year.  Unsurprisingly, the most popular city-living property types are apartments, which represent 55% of demand. 44% of enquiries fell in the €250-€500k bracket, with 16% focusing on €500k-€1m properties.

Cádiz

This province’s fastest growing destination during Q3 was San Roque, with house prices up an incredible 21.2% year on year.  Yet San Roque only made it to number 5 on the popularity list, with Chiclana De La Frontera in number one spot, and house prices up 0.5%.  This was followed by Vejer De La Frontera, which saw asking prices go up 12.5% – even higher than its impressive performance last quarter. Almost 60% of enquirers in this area are looking for villas, with the majority being in the €150-€250k price bracket.

Girona

In Spain’s north-east corner, Girona has seen annual house price growth of around 4.4%.  But popular destinations and price rises don’t seem to correlate at all. Sant Feliu De Guixols is trending at 13.4% upwards annually (compared to 4.4% in the province as a whole) while sitting only at number 9 in the list of top destinations.  Q3 sees Lloret De Mar top the popularity list as previously, and Platja D’Aro rising into second place in terms of overall numbers of enquiries received. Over half of enquiries showed interest in villas and just over a third fell into the €250-€500k price bracket.

Granada

Yet again, in the province of Granada, it is the region’s capital city of the same name that saw the highest price growth, with a rise of 34.1%, only marginally down on Q2.  And this is despite the most popular price bracket for enquiries being €50-€100k and the most popular property type being country houses. Granada is not, however, the most popular destination during the quarter, that award goes to Almuñécar (up 1.6% year on year), followed once again by La Herradura (up 1.9% year on year) and Salobreña (up 11.4% year on year).

Gran Canaria

Ever popular Gran Canaria has seen a slight house price fall, 4.4% year on year.  This perhaps follows the trend we’re seeing in our Q2 HPI reports with people purchasing in mainland coastal areas, which they feel may offer more value.  Playa del Ingles is number one on the list of popular destination, seeing a 2.6% price rise.  But it’s Puerto Rico that shows the highest price rises (up 10.6% year on year). Yet again, we find that almost two thirds of buyers are interested in apartments.

Ibiza

Ibiza has also seen a downwards trend of 9.2% in house prices, but the average asking price is still around €1.1m.  Santa Eulària Del Rio has experienced house prices falling by 17% year on year. And while prices in Ibiza Town – at second on the list – fell by a more modest 6.2%, third place Sant Josep de sa Talaia bucked the trend with a price rise.   A quarter of demand in this province continues to be in the €500-€1m bracket.

Málaga

Apartments are the most popular in the southern province of Málaga, with 47% of enquirers interested in this type of property.  Estepona and Marbella still top the list of popular destinations, with Estepona experiencing one of the only price falls (-3.5%) in a region that has grown overall by 4.1% year on year.  Capital Málaga was the only other area that fell, this time by 6.8%. The fastest growing destination in the province is La Duquesa, where house prices have risen 12.5% annually.

Mallorca

Mallorca is experiencing house prices rising yet again – 10.1% year on year, with nearly all regions showing increases.  Fastest risers were Palmanova and Alcudia, both seeing rises of over 20%. While Palma De Mallorca and Santa Ponsa continue to be the most sought-after areas.  As ever, the most enquired about properties are apartments in the mid-range price brackets.

Murcia

The popular British expat province of Murcia continues to show a mixed picture.  Areas such as San Javier are showing strong growth with house prices up 23.6% year on year, while some of the most enquired about areas have seen price falls.  The province in general continues to trend upwards slowly with most enquirers looking for low price villas and apartments. Once again, the golf resort of Condado de Alhama commands high prices showing growth of 18.4% year on year in that location.

Tenerife

The data for Tenerife shows a picture of huge highs and lows depending on whereabouts on the island you have an interest.  The recent dip in house prices appears to have slowed with an annual trend in house prices showing a fall of 6.9% year on year.  The top four most popular destinations experienced price falls, the largest being Arona (-23.5% year on year), but this is countered by the likes of Santa Cruz De Tenerife, up in the north of the island, showing a huge 35.4% increase year on year.  Perhaps due in part to the available housing stock, 65% of demand was for apartments in the area.

Valencia

Valencia continues to show signs of recovery with an overall growth in asking prices.  The city of Valencia itself shows the highest asking price rises – 15.9% year on year, while Torrent, just outside the city shows a fall (-20.5%).  The two most popular destinations are Oliva and Lliria. Yet again the majority of enquiries in this province were for villas in the lower price brackets.

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What should you do?

How do our findings compare with official data?

Our Q2 HPI Report, published in September, showed a continued trend for buyers favouring sea views and mainland coastal locations.  As well as even the smaller cities that might allow more square footage and better facilities for the same money. And our Q3 Provincial Reports agree.  Once again, Mallorca is bucking the trend and continuing to experience strong rises.

So, these are our findings – what do you think?  Do you agree with them? How have you found the last quarter in terms of enquiries and sales?

We hope you’ve found this report useful, and don’t forget to check back regularly for more market insights from Kyero.

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