PRICES
ON THE COAST - Asturias, Cantabria and Galicia
If you
own or are considering purchasing a property on the Costa Verde then
in your search you will discover that prices are higher on the coast.
Properties close to the coast are being sold at a premium to those
further inland. But Why?
In the
current econonmic climate prices have reduced significantly in northern
spain. The type of properties worst affected are flats and apartments
in the cities where there has been massive expansion over recent years.
There seems to less pressure for significant price reductions on the
more rural properties and especially those in the priveleged positions
close to the coast.
The second
home market has always been prevalent in the Costa Verde with demand
coming from other locations such as Madrid and Barcelona as well as
from foreign buyers. The spanish like to escape the intense summer
heat and the Costa Verde has therefore always been popular.
Price
sensitive purchasers should consider travelling no more than half
an hour inland where the prices of properties can be up to 50% cheaper.
There is also more choice in the lower price brackets and if you are
seeking peace and tranquility then being inland could be the place
for you.
Buying
on the coast does not mean that you will have views to the sea and
prices remain relatively high even ten minutes drive inland. A property
in the hills less than half an hour from the coast can be relatively
cheap and the views could be stunning.
"My advice
to purchasers seeking property is to spend a couple of trips travelling
around the different areas and visiting all the estate agents possible.
This way you can get a good idea of the property available and the
relevant prices"
