Page 16 - Property Portfolio - July 2019

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The market is General Market Update
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changing and Total Purchases and Sales increase, with a 7% increase on 2018 1st quarter

so are we There was a relatively moderate 2% increase figures. Andalucia saw a strong increase of 14%
for new build sales (compared with a 6% increase
across Spain as a whole. Andalucia saw a healthy
7% increase and the regions of Cataluña and for resales), with Granada in particular seeing
Murcia both saw increases of 6%. The Canaries a staggering 56% increase in new build sales
Buying property in Nerja and the Balearics continued to not fare so well versus a 9% increase for resales. The regions of
and its surrounding towns and suffered decreases of 6% and 15% respectively, Murcia and Madrid also saw increases of 17%
and 25% respectively, although Madrid did have
and villages remains whilst the Costa Blanca saw a 3% overall drop. a 4% decrease in resales over the same period.
an attractive option for Resales and New Build Sales New build sales continue to fall in the Balearics
many people wanting Across Spain, new build sales rather than with a decrease of 10%, whilst the Canaries saw a
significant 32% decrease.
resales accounted for the highest percentage
to experience the more
laid-back lifestyle that the Resales and New Build Sales
easterly end of the Costa del Sol has to offer, especially in comparison Nerja Market Apart from 2018 where there was an unusually
with the towns situated to the west of Málaga. Team España has Update * large number of new build projects and therefore
contributed positively to this trend for a number of years and to this new build sales within Nerja, unsurprisingly
resales continue to make up the majority of the
day, we continue to help buyers find their perfect property in the sun. total sales in Nerja, as outlined below below.

There has been a noticeable change to market conditions the company’s evolution, Team España Q1 2019 – 98
this year, with Brexit and the weak Swedish Krona playing is refreshing its brand, allowing us to Q1 2018 – 139
significant roles. However, this has not meant that Team adapt to the ever changing social media Q1 2017 – 121
España have been standing still. We have been actively environment and trends, to better reflect Q1 2016 – 138
exploring new markets, investing in new systems and our professionalism, and importantly to Q1 2015 – 135
marketing channels, and been extending our already align with the vision for Team Group’s
extensive collaboration network. future. New build sales have drastically fallen compared
to last year, and as new build projects in Nerja are
Additionally, some of our eagle-eyed followers may have Rest assured, whilst we may look a little not as common as the rest of the Costa del Sol,
noticed that we now look a little different compared to different on the outside, you can still buyers must act quickly to secure their ideal new
previous editions of the Team España brochure. As part of expect the same high degree of honesty build in Nerja.
and integrity from us that that our
clients have become accustomed to over *Source: Ministerio de Fomento. At the time of printing, the
the past 20 years. 2019 2nd quarter total purchases and sales figures had yet
been published by the Ministerio De Fomento. However,
the above summaries have used 2019 1st quarter figures
If you are looking to sell or are planning Total Purchases and Sales compared against the 2018 1st quarter figures.
to purchase property or land, our In comparison to an unusually strong 2018
talented, professional and multilingual 1st quarter (due to a large number of new Summary
team will be delighted to help. To find build projects), the 2019 1st quarter has been a Whilst the number of sales in Nerja may have
out more about how Team España can challenging one for real estate agents across dropped recently, this is potentially a beneficial
assist you, please contact us today, and Nerja, and sales have not been at these levels time for buyers as vendors begin to reduce the
whilst our branding is changing, our since 2014. This is clearly backed up by the historic asking prices of their properties. In addition to
slogan is not....... figures provided by the Ministerio de Fomento this, Nerja remains a popular tourist destination,

We never forget that you have below. allowing for fantastic opportunities to earn rental
income from a newly purchased property. Our
a choice! Q1 2019 - 105 sister company, Teamstar Holiday Rentals, is
Q1 2018 - 279 having a record breaking year for bookings and it
Jamie Buss, Q1 2017 - 131 appears that holiday makers simply cannot resist
Sales General Manager
Q1 2016 - 140 the charm that Nerja holds.
Q1 2015 - 135

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