Expert Agent Interview: Almeria Property Investments - Ann Depovere
- In which country do you sell property and to what level has the real estate market in your country been affected by the global crisis?
Almeria Property Investments is an established estate agency specialized in Coastal properties on the East coast of Andalucia. This covers the coastline from San Juan de Terreros near the Murcia border, down via the towns of Villaricos, Vera, Garrucha and Mojacar.
It's certainly not as well-known or developed as other coastal areas, yet it has been proved to attract those seeking the "real Spain" because of the authentic villages and unspoilt landscape.
Almería is the driest city in Europe and is located in the only region on in the European continent with a hot subtropical desert climate. With an average annual temperature of above 19°C it also qualifies as one of the warmest cites in continental Europe.
- Have property prices risen or fallen in the last 12 months, or have they bottomed out?
Spain still represents excellent value for money. Prices are very low at the moment, though this is not likely to last for much longer.
It seems that now is an excellent time to buy your dream Spanish home, with plenty of property on offer - although in some areas there may be less available than you imagine. Good deals are to be found in all price brackets but don't expect sellers to accept very low offers - after all, they also know that the market is slowly improving. The latest set of house price data produced by the Spanish government's central statistics unit show that the final quarter of 2015 the residential property price index was 4.2% higher than 12 months previously.
- What advice would you give property owners in your area now who are thinking of selling up?
To sell or not to sell, that is the question! There is much talk about everyone looking for a distressed or bargain property but the reality is that while some will buy based on price alone, most are looking for property for the same reasons as before. While the price of a property is an important aspect in the decision-making process, most buyers still want the area, property type and living space that suit their own personal taste. With this in mind, you will find that there are potential buyers for your property with a realistic approach to their search.
- Does property in your country represent good value for the investor and if so, why?
High house prices in Northern European countries have given many homeowners enough spare equity to fund a second home, while mortgage finance is cheap. Buyers increasingly target apartments with communal pools, which are cheaper and easier to maintain than villas. These apartments make an excellent investment as you can rent them out to cover your annual costs and mortgage, while property prices are expected to rise over the next years.
- From which country do you find the majority of your property buyers are coming from? Has this changed significantly over the last 5 years?
Accessibility is one of the main factors on which customers base their choice of location. The Almeria coast is 45 minutes from Almeria airport, an hour from Murcia and 2 hours from Alicante Airport. Thus, you will find a mix of nationalities on the coast.
British buyers make up the larger proportion of those showing a renewed interest in Spain but other nationalities especially Belgian, French, Swedes and Norwegians are snapping up properties at great prices. Spanish buyers are in the minority, but Andalusians from the interior (Granada, Jaén, ...) also continue to look for an interesting second home at the coast.
- What attracted you to selling property in the region?
Almeria is still pretty "unknown" compared to many of Spain's other beachy getaways, located in the Southern region of Andalucía. With fantastic dunes, breathtaking cliffs, virgin beaches, and sheltered coves, Almeria is worth paying a visit to if you want a unique and sunny escape!
We are located at the Almeria's Eastern Region, also known as the 'Levante'. This area streches from the border of Murcia Province to the border of the Natural Park of Cabo de Gata-Nijar. This includes :
Mojacar, with 17km of virtually untouched golden sand with many protected beaches,
Vera playa, a relatively new resort, which only started to be developed in the 1980s, before which it was pretty much untouched. Legend has it that this is where Hannibal's elephants landed in the Roman age.
The beach at Vera Playa runs north-south for 7kms, from just south of Villaricos down through Vera Playa itself and on to Puerto Rey and Garrucha. Vera Playa offers good facilities including bars, restaurants, a waterpark, supermarkets and adequate public transport.
Garrucha, a busy fishing port about 5kms to the south of Vera Playa. Garrucha is an attractive and growing town with a wide range of restaurants, shops and other facilities.