The Brexit effect has slowed the British buyers in 2016

Sun still continues to sell !!

The purchase of properties in Spain by overseas buyers gradually gains more importance in the Real Estate market, according to the statistics released by the Property Registrars.

In 2016 the total number of property sold was more than 403.743 with more than 53.500 acquired by overseas buyers which accounts for more than 13.3% of the total sales.

However the so called Brexit effect has reduced the transactions from the UK particularly in the last quarters of the year.  The British , French and Germans continue to buy in large numbers in search of sun and sand.

The registrar  statistics confirm that the British are still the number one overseas buyers , who are most attracted to investment in Property in Spain with more than 10,000 transactions, followed by the French, with almost 4,400, and the Germans, exceeding more than 4,000 transactions.

However, this record level of purchases by overseas buyers could have achieved much higher levels. The result of the referendum in the United Kingdom with the British public deciding  on masse to leave the European Union , and the resultant fall out or Brexit effect, has for the moment discouraged the British in their desire to purchase property in Spain or anywhere else for that matter.

In fact, the end of year records confirms the worst data of the last few quarters, with little more than 2,000 transactions.  At MP Dunne properties we can absolutely confirm this trend as 2016 was a very different year than 2015.  From the time Brexit became the shock reality with the British currency nose diving to an all time low , British buyers immediately reacted with a slowdown of interest

Despite this uncertainty on the part of the British, property  in Spain continues to attract foreign investors as Spain heads out of recession and is considered a very safe place in general to both invest and live.

MPD - Marbella

Marbella in particular is seen as a high end destination and is particularly attractive for its golf, its quality of life and many people make it a second home year round enjoying the escape from dark northern winters.

Certain coastal areas continue to attract foreign tourism, in search of sun and sand. The data for 2016 indicates that especially Malaga on the Mediterranean Coast and the archipelagos are still the main destinations for overseas buyers.

Investment project in the middle of Marbella Town

Currently set up as a dentist practice, this apartment has huge potential to be refurbished into a great two bedroom apartment with sea views in the centre of town which is walking distance to everything. On the other hand, if one is looking for a set up working business, this location is unbeatable.

  • 2 Bedrooms
  • 55 m² build

330.000 Ref. MPA3347

Cañada Homes, Marbella, Off Plan 2, 3 & 4 bed apartments for sale

Cañada Homes is a new off plan project set in a great location just north of the centre of Marbella, at the foot of Sierra Blanca. Within a tranquil setting, only 10 minutes walk to the centre of Marbella, and all of its amenities, these modern contemporary homes have direct access to main roads, so within minutes you can reach Puerto...

  • 2 Bedrooms
  • 104 m² build

258.500 Ref. MPA3313

Cañada Homes, Marbella, 2, 3, 4 bed Off Plan apartments for sale

This off plan development is situated in an ideal location north of the centre of Marbella and close to the La Cañada retail park with its shops, restaurants and cinema. Set in a peaceful complex, it is very close to the town centre of Marbella and its beaches and has direct access to the main A7 road which links the area with Málaga...

  • 3 Bedrooms
  • 134 m² build

313.500 Ref. MPA3314

Cañada Homes, Marbella, Apartments Off Plan of 2, 3, 4 bed for sale

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  • 4 Bedrooms
  • 160 m² build

526.900 Ref. MPA3315

Marbella Centre, 5 bed Semi Detached House with renovation project in place

This 5 bed semi detached house is in a great central location in the centre of Marbella, within walking distance to the centre of town, including the "old town" of Marbella, with it's quaint white streets, chic boutiques and great restaurants and to the "Orange Square", the hub of the old town with orange trees...

  • 5 Bedrooms
  • 579 m² build
  • 545 m² plot

975.000 Ref. MPV3299

Marbella Centre, Great Location, Beachfront Apartment

Right on the beach! This property is set in a great location. This newly refurbished apartment of Scandinavian design, situated in the best location in Block A of the Edificio Skol in Marbella, with panoramic breathtaking views over the Mediterranean sea, Gibraltar and Africa from both the West and South facing terraces.​The property...

  • 2 Bedrooms
  • 75 m² build

595.000 Ref. MPA3102