Spanish market remains robust

The Spanish property market remains robust, despite a drop in activity among investors, new figures have revealed.

There was an overall drop in the number of foreign buyers searching for property abroad during September, according to Rightmove Overseas.

However, despite the real estate portal reporting a decline in activity of 17 per cent over the course of the month, Spain remained one of the best performing destinations.

Interest in Tenerife in particular remained high, with property searches up by 3.79 per cent compared to the previous month.

"After the storming August we saw, it's back to earth with a bump as users put the brakes on search activity," said Robin Wilson, head of overseas at Rightmove.

"[The] good news is the month on month decline this year wasn't as sharp as last year's, indicating resolve and sentiment is much improved."

Meanwhile, figures from the Spanish National Institute of Statistics show that home sales in the Costa del Sol reached a 27-month high during August.

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