During the economic recession suffered by Spain from 2008-2014 there was one market niche that has not seen any decrease or lesser sales, which was the niche of luxury homes. During 2014 sales in this market increased from 30% up to 60%, data improved continued last year and its estimated to continue to grow exponentially in 2016due to the strength of their markets and the Spanish economic consolidation.
Thanks to the improvement of the image of Spain as a competent country and due to the recovery of confidence in the Spanish financial sector, buyers with high purchasing power started again to come back and purchase a property mainly at the coast which enjoy an excellent climate to live in all year round.
So now it’s time to invest in Spain due to price competitiveness in this type of properties, the healthy climate, excellent quality of life and the end of the depreciation of prices in the housing sector, which makes that investors see transactions as a safe investment and benefit of a very good price performance ratio. National buyers seem to be confident to invest in this business and it is a good part of the demand in the luxury sector.
But what is a high-class property? We could say that an upscale house or luxury property is one of more than 200 square meters and will cost from € 500,000 onwards. But a luxury residence does not only depend on the price of the property. Its supply and demand and its location are important. This type of construction should be located in the best geographical areas of each city or town where there are so-called „prime areas“. These areas tend to be well connected and are provided with services to make life easier for the owner of such property. Another more important aspect in the luxury and upscale housing industry is of course, the choice of materials, finishes and style.
Minimalisms connected with high quality finishes are standard. Marble, walnut or beech wood, infinity pools, large gardens… are elements of such a property. Creativity is an added value to these designs and polarized formats that multiply the effects of three-dimensionality to give continuity in immersive environments for properties with those features.
We from TerraOne Estates are pleased to show you properties of all types and many styles.
For more information visit our website.