Blakemore Walker

Chartered Surveyors & Legal Consultants in North Spain

Tel : (0034) 985 556 142

UK : 07752 686 936

Email: enquiry@blakemorewalker.com

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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

© Blakemore Walker 2004