ome of the main reasons this and ask for more (and get
prices on the Costa Blanca it).
have gone so crazy
(generally acknowledged as * The Costa Blanca is a fantastic
doubling in the last four years) place and so of course it is
are: desirable. It is said to become
the California of Europe and as
* As the British have seen their people have cottoned onto its
house prices soar, they have great potential they have come
remortgaged heavily and taken here in droves, driving the
some of the equity out of their prices up.
main home in order to buy a
second home. * The Costa del Sol, seen as the
place to be got ahead of itself
* The Spanish have seen this and suddenly the Costa Blanca
influx of money and have raised seemed cheap in comparison. The
prices - people have paid the Costa Blanca has much better
higher prices - so the Spanish beaches and a better climate
have raised them more - again especially as it is not as
they have been met and so the unbearably hot in the height of
cycle keeps on going until summer. The Costa Blanca is not
finally buyers are exhausted and so overdeveloped.
stop buying. Are we at that point
- well see below. * Low interest rates have meant a
second home has become much more
* People retiring have sold their affordable.
main home in the UK and have
increasingly had larger and * The development of Europe has
larger sums as the UK prices kept meant that people are more
increasing. People in Spain see comfortable with the thought of
buying abroad and the European odds on you will start to want
laws on paper offer more one too!
protection (although try telling
that to people affected by the * All those TV programmes such as
Land Grab Law in the province of A Place In The Sun have made
Valencia!). buying a second home seem as
simple as doing the weekly
* The emergence of all those shopping.
low-cost, no-frills airlines has
made travel more affordable and * To us British the comparison in
accessible. Now people can prices has been a no-brainer. A
commute from Spain to England! bigger house, more land for half
the price of that in England has
* Keeping-up-with-the-Jones's seemed a bargain. Of course now
factor. Lets face it - if your that prices have gone up the
neighbour has just got a weekend difference is not so obvious.
bolt hole in sunny Spain and you
have just endured another Copyright Mark Eastwood.
rain-soaked weekend then it's
About the Author:
Mark Eastwood lives on the Costa Blanca coast of Spain and is the publisher of http://www.CostaBlancaUncovered.com - The site for tourists visiting the Costa Blanca coast of Spain as well as residents and people considering moving to this popular area known as the 'California of Europe.
Source: www.isnare.com
