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It is still a good time to buy or sell a property

Summer is high season to buy and sell a home. In fact, during the warmer months, these activities are multiplied by an average 10%, mainly in larger cities and even in the coastal areas, where a further increase of 15% is seen. According to recorded data, in June 2017, more than 51,400 transactions were carried out, which means an annual increase of 17.4%.

There is no doubt that the spring-summer season is the best time to make a real estate investment. The real estate market is experiencing its best moment, as it is in the middle of a shopping spree, a demand that is being covered more and more as property prices increase every summer. The real estate agency, Engel & Völkers, knows this very well, which is why it has a large portfolio of exclusive properties to meet the needs of its customers.
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During this quiet period, people have more time to make the right decision, hence sales grow. In this way, it is logical that in the coastal areas, there is a higher increase than in other cities. This is because the visitors take advantage of a few days to enjoy their holidays and to finish deciding and completing a transaction that they have been contemplating for months. Either way, buyers also tend to opt for properties in big cities during summer time, more than anything because they have more free time and can devote it to searching for new homes. However, this is not the case in small towns, where the increase in property sales during summer is not very momentous, to say the least.

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What does seem to be true is that the Spanish coastal resorts have a very special link with the foreign buyer, who also tends to buy houses or flats there. This is something very positive for the owner who wants to sell his second home. In fact, foreign investment exceeds the national level in some provinces, to the extent that, according to Constanza Maya, the general director of multinational real estate company, Engel & Völkers' franchises in Spain and Portugal, "there are areas that started to recover too quickly so it is now too late to invest in places such as Mallorca or Costa del Sol."

As per the investment data, Constanza Maya firmly states that there is "an increase in the number of French, Belgians, Dutch and Scandinavians interested in owning detached family houses on the coast, although Germans are still the predominant nationality in the Balearic Islands and Catalonia" .

Engel & Völkers

Avda. Diagonal 640, 6ª planta A
08017 Barcelona Spain

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