Coronavirus price bargains on holiday homes in Spain now
The housing market in Spain has come to a near standstill now under the Corona virus quarantine. Throughout Europe, borders are closed and people stay home, we do no longer fly. We expect a sharp decline in both demand and price in the property market here in Costa Blanca Spain. But this is not the first time we have experienced this kind of situation, during the financial crisis from 2008 to 2012 we also experienced a significant decrease in both the number of properties sold and the price. This time, we expect a sharp reduction in the number of properties sold and also a significant drop in prices, but this crisis are not expected be particularly long lasting as this is not a financial crisis. The banks are solid and have sufficient liquidity and do provide mortgages.
Duration of the Corona pandemic, how long will the pandemic last? We do not know this yet, but we know that at some point there will be solutions in the form of medicines and vaccines. But so far the uncertainty prevails and now it`s a buyer's market here on the Costa Blanca. For those who are tired of cold dark winters with storms and want an property, apartment, house or townhouse on the Mediterranean coast, now is the time to make a good bargain. Once the vaccine has been developed, tested and approved, the market uncertainty disappears and prices do not go down any longer. Facts about the area here have not changed, Albir, Altea and the surrounding areas do have a fantastic climate all year round, more than 330 days a year with sun, great hiking trails both in the mountains and by the sea, the beaches and not least the food here on the Mediterranean. The area of Albir, Altea is not very large and it is walking distance to most. It is easy to feel at home here, now it the time to fulfill your dreams at bargain prices!
We have the local know-how and can assist you in find you your dream home at bargain prices now!