Record breaking August

Buyer enquiries continue their upward trajectory, with no evidence (yet) of price falls.

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The summer months are traditionally a peak period for finding new buyers, and therefore an important bellwether for buyer sentiment. We’re delighted to announce that August 2016 broke all Kyero records and turned out to be the busiest ever, with over 62,000 sales leads generated by our website.

This represents 40% year-on-year rise, due in no small part to the technical investments made in our website last year.

House prices rise

Market watchers are looking keenly for the effects of Brexit and the news so far is… not much. British traffic and enquiries have actually risen – although it’s hard to pick apart how much is due to the market, and how much to our website upgrades.

The fall in Sterling has certainly reduced British budgets, which some have predicted will lead to localised discounting as buyers demand better deals. There is no evidence this has started yet.

The average house price at Kyero.com now stands at €245,000 – a rise of 2.5% on July.

 Download Kyero’s lastest house prices (PDF, 521Kb)

Demand goes bijou

While prices may be stable, we have seen some evidence of buyers adjusting their property expectations in line with smaller budgets. Over 55% of sales leads were for apartments and townhouses, while nearly 60% are for property under €150,000. The trend is towards bijou.

That doesn’t mean bad news for the high end: Enquiries for property over €1 million rose by 53%.

Buyer enquiries, August 2016

International demand continues to be guided by the large European countries. Traffic has risen across the board, with German, Dutch and Belgian visitor numbers rising particularly strongly.

The exception is France: In line with figures from the Notaries and Frontur (a useful predictor), French visitor numbers to Kyero fell by 2% in August.

Trending locations

(Based on analysis of 62,262 buyer enquiries generated by Kyero in August 2016, and 210,781 property listings across Spain.)

RankLocationAvg. priceMonthly change
1stTorrevieja€110,000-1.18%
2ndValencia€200,0000.50%
3rdChiclana De La Frontera€198,000-0.98%
4thAlicante€145,000-0.01%
5thCorralejo€148,0000.68%
6thOliva€136,0000.74%
7thPlaya Del Ingles€157,5004.76%
8thPuerto Del Carmen€249,0000.00%
9thEstepona€349,0004.01%
10thLliria€110,0000.00%
11thLa Marina€144,000-0.69%
12thSant Josep de sa Talaia€1,100,000-4.55%
13thBenidorm€250,0002.00%
14thVera€115,5000.43%
15thSitges€500,000-2.00%
16thMarbella€542,5001.38%
17thPlaya De Las Americas€253,000-0.79%
18thJacarilla€104,9500.00%
19thPalma De Mallorca€400,0007.50%
20thPuerto Rico€128,0000.00%

In summary, we’re delighted with this summer’s results. If August is an indicator, 2016/17 will continue to cement the Spanish property market’s recovery.

 Download Kyero’s lastest house prices (PDF, 521Kb)

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