PRICES
ON THE COAST - Asturias, Cantabria and Galicia
If you own or
are considering purchasing a property in north Spain then 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?
The second home
market has always been prevalent with demand coming from Madrid, Basque
Country 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 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, but remember that city hospitals,
services and shopping may be further away.
"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
