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Luxury Spanish Property bargains in Costa del Sol with Spanish Hot Properties

The word “Luxury” doesn’t normally go with the word “Bargain” but in Costa del Sol right it is possible to buy real luxurious Spanish properties at bargain prices according to Susana Suspenda Marketing & Operations manager of the Spanish property experts Spanish Hot Properties.  “The people looking at the luxury market are looking for big spacious apartment over 100 M2 built bur preferably 120M2 built and up until recently it hasn’t always been possible to buy such luxury apartments for under €4000 per square meter.  An example of this is Luxury apartments we have in Atalaya that with discounts and coming in at €2600.00 PSM and we amazingly now have luxurious apartments tin Los Flamingos golf coming in at €3000.00 PSM.  This is also reflected in the Villa market where we have luxurious villas in the Golden Mile for an incredible €800,000 working out at €2300.00 Euros PSM” explained Susana

Spanish Property Sales on the Increase with Viva Costa

The oversupply of homes in Spain will start to be absorbed this year, thanks to rising sales transactions and a reduction in supply, according to a forecast made by Spain’s Association of Developers and Constructors (APCE).

The oversupply of homes in Spain will start to be absorbed this year, thanks to rising sales transactions and a reduction in supply, according to a forecast made by Spain’s Association of Developers and Constructors (APCE).

If APCE’s projection is accurate it would be great news for the fragile Spain property market, which has suffered as a consequence of the glut of unsold homes on the market.

It is estimated that there is an oversupply of in excess of a million properties in Spain, due to a 10 year construction boom which started in 1997. This has had an adverse impact on the market, causing Spanish property prices to tumble by up to 70 per cent across some parts of the country.

Official data