25 May, 2021 @ 17:45
1 min read

SET TO SURGE: Property sales in Spain and Europe on verge of booming

SPAIN remains top of the list when it comes to Brits looking to buy a home in the sun – and it looks like there could be a surge in sales on the horizon.

A new report shows that interest in buying a European property is set to boom, even while there is still some uncertainty in the possibility of traveling abroad.

Kyero.com, indicates that almost 40% of prospective buyers are now actively viewing or planning viewings abroad.

The research, which involved more than 2,500 overseas buyers, found that Spain remains by far the most popular destination for British overseas home buyers, with 90% of all those polled looking to buy in the country.

And half of them aim to take the property plunge within the next three months to a year, and a further fifth (19%) stated that they wish to move ‘as soon as possible’.

Moving abroad is a lifelong dream for many people with 28% respondents saying they have wanted to move abroad for more than five years. 

In terms of budgets, the most common (45%) budget is €100,000 – €250,000, although a significant 35% are looking to spend less than €100,000. Some 13% have a budget in mind of between €250,000 – €500,000 and 3% have up to €1million to spend..

Martin Dell, Founder of Kyero.com says: “Now that lockdown is lifted and overseas travel for reasons relating to property is becoming possible, we’re seeing a tsunami of pent-up plans being put into action. Some 52% more people searched online for homes in Europe in the first three months of 2021 compared to the previous quarter, and now that people can start turning those dreams into reality, we’re expecting to see a lot of transactions take place in 2021.

The Kyero research comes as restrictions on overseas travel ease with Portugal now on the government’s green list. While Italy, Spain and France are now on the amber list of countries, you can travel to them for reasons related to home purchase, rental or letting, depending on the latest travel guidance of the destination.

Dilip Kuner

Dilip Kuner is a NCTJ-trained journalist whose first job was on the Folkestone Herald as a trainee in 1988.
He worked up the ladder to be chief reporter and sub editor on the Hastings Observer and later news editor on the Bridlington Free Press.
At the time of the first Gulf War he started working for the Sunday Mirror, covering news stories as diverse as Mick Jagger’s wedding to Jerry Hall (a scoop gleaned at the bar at Heathrow Airport) to massive rent rises at the ‘feudal village’ of Princess Diana’s childhood home of Althorp Park.
In 1994 he decided to move to Spain with his girlfriend (now wife) and brought up three children here.
He initially worked in restaurants with his father, before rejoining the media world in 2013, working in the local press before becoming a copywriter for international firms including Accenture, as well as within a well-known local marketing agency.
He joined the Olive Press as a self-employed journalist during the pandemic lock-down, becoming news editor a few months later.
Since then he has overseen the news desk and production of all six print editions of the Olive Press and had stories published in UK national newspapers and appeared on Sky News.

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