Why a luxury Property, if you have Valencia….
Valencia as a good alternative.
On the other hand the Balearic Islands and Malaga are the most popular places for luxury properties in Spain
The Balearic Islands, Malaga and Madrid are the most popular places where foreigners are looking to buy luxury homes in Spain, according to data from a study published this Tuesday by online real estate website Idealista. This is based on the searches for homes that cost over one million euros.
The Balearic Islands of Mallorca, Ibiza, Menorca and Formentera were the most popular with 29 percent of the searches, while Malaga came in second place with 16 percent of the searches by foreigners. The nationalities with the greatest interest in luxury properties in Malaga are British and Swedish.
In third place was Madrid with 15 percent of the searches for luxury properties, followed by Barcelona with 11 percent.
Germans, British and French are the most interested in buying luxury property in Spain
The Germans are the most interested in buying luxury homes Spain that cost over one million euros, according the report by Idealista, representing 18 percent of searches on their site.
This is followed by the British with 11 percent, then the French with 10 percent of the searches. The Americans with nine percent of the searches for luxury properties and the Dutch with seven percent, take fourth and fifth place.
Home renovations in the Basque Country are the most expensive in Spain
The Basque province of Álava is the of the most expensive place to carry out comprehensive home renovations in Spain, according to home renovation site Plan Reforma portal, which claims to have carried out more than 200,000 calculations of housing construction costs in the last eight years. Here, the company estimates that a major home renovation would cost around €35,000.
The is followed by another Basque province, that of Guipúzcoa, which is the second most expensive on the list. The Balearic Islands and Navarra come in third and fourth place, with the province of Pontevedra coming in fifth place.
Boom in demand for cave home properties
There has been a rise in demand for cave home properties in Spain according to local real estate agents, such as those in the small town of Guadix near Granada. Here, there are more than 6,000 cave homes, one of the greatest concentrations of cave homes in Europe.
Because of the rise in demand, prices for cave homes have also increased exponentially. Prices of cave homes go for varying amounts, however, and you can still grab some bargains. The Local Spain found one five-bedroom cave property being sold through real estate site Tecnocasa for €89,000 and another luxury five-bedroom cave home on Idealista for €495,000.
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