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Kyero Media S.L.

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Foreign Buyers Favour Alicante Property


According to the latest analysis from Kyero.com, the Spanish property most likely to attract the interest of a foreign buyer is a 3-bed country house, with no swimming pool in Alicante province, priced under €150,000.

Granada, Spain, January 09, 2009 --(PR.com)-- Published on January 1st 2009, the latest Kyero.com enquiry report analyses 90,000 enquiries made by email through the site during the second half of 2008.

Estate agents advertising on Kyero.com can access the full 30-page report providing a province-by-province breakdown of Spanish properties of most interest to foreign buyers. With the benefit of the information contained in 8 previous issues, they can also access in-depth buyer trends dating back to 2004. A single page overview of the latest report is available as a free download.

Aside from Alicante, provinces faring well in terms of enquiry numbers are the traditional favourites of Malaga, Granada and Tarragona, attracting 13.2%, 11.5% and 7.6% of enquiries respectively.

The provinces of Valencia, Almeria and Murcia were closely matched with 6.1%, 5.7% and 5.1% of enquiries respectively. Overall, just seven provinces attracted almost three-quarters of interest from foreign buyers with the remainder shared between 40 other Spanish provinces.

Kyero.com MD, Martin Dell commented "The criteria of foreign buyers differs significantly from that of Spanish property buyers. Unsurprisingly, Spanish buyers favour big cities such as Madrid and Barcelona, yet the majority of foreign buyers are more interested in traditional inland property or a beachfront lifestyle."

Comparing the latest enquiry report with previous issues, Alicante province ranks consistently as the most popular province since 2006, with Granada and Malaga jockeying for second position.

In the last three years, Alicante province is the only one of the top-5 to have increased its share of enquiries from 18.2% in 2006 to 24.3% in 2008. Each of the other contenders has lost share - to Alicante and to other, less familiar areas of Spain.

The good news for estate agents is that foreigners are increasingly interested in buying more expensive properties. Since 2006, the proportion of enquiries for properties over €500,000 has quadrupled - now standing at 4.5% of all enquiries made.

The trend at the other end of the price spectrum has also changed dramatically. In 2006, 28% of enquiries were made about properties priced under €50,000. In 2008, that percentage decreased to just 17.7%.

The most popular price range of €50,000 to €150,000 attracted a steady 40% of total enquiries each year but the higher price ranges all increased their share of enquiries over time.

The Kyero.com enquiry report is published bi-annually to analyse the trends in buyer behaviour and interest regarding Spanish property for sale. It excludes enquiries made about leasehold, fractional-ownership and rental properties.

Estate agents advertising properties on Kyero.com use the site to accurately quantify buyer sentiment. With access to this detailed information, they are able to adjust their marketing campaigns to appeal to the widest possible range of buyers.

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Contact Information
Kyero Media S.L.
Martin Dell
+34 917 905 432
Contact
http://www.kyero.com

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