Blakemore Walker Chartered Surveyors & Legal Consultants

SPECIALISING IN PROPERTY PURCHASE AND SALES IN ASTURIAS, CANTABRIA & GALICIA

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PRICES ON THE COAST - Asturias, Cantabria and Galicia

If you own or are considering purchasing a property on the Costa Verde then in your search you will discover that prices are higher on the coast. Properties close to the coast are being sold at a premium to those further inland. But Why?

In the current econonmic climate prices have reduced significantly in northern spain. The type of properties worst affected are flats and apartments in the cities where there has been massive expansion over recent years. Pressure for significant price reductions on the more rural properties and especially those in the priveleged positions close to the coast have lagged behind the rest of the market.

The second home market has always been prevalent in the Costa Verde with demand coming from other locations such as Madrid and Barcelona as well as from foreign buyers. The spanish like to escape the intense summer heat and the Costa Verde has therefore always been popular.

Price sensitive purchasers should consider travelling no more than half an hour inland where the prices of properties can be up to 50% cheaper. There is also more choice in the lower price brackets and if you are seeking peace and tranquility then being inland could be the place for you.

Buying on the coast does not mean that you will have views to the sea and prices remain relatively high even ten minutes drive inland. A property in the hills less than half an hour from the coast can be relatively cheap and the views could be stunning.

"My advice to purchasers seeking property is to spend a couple of trips travelling around the different areas and visiting all the estate agents possible. This way you can get a good idea of the property available and the relevant prices"

Clive C. Robbins BSc (Hons) MRICS

© Blakemore Walker 2004