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“Unprecedented Surge in Property Demand Transforms Spain’s Costa del Sol – Find Out Why!”

December 31, 2023
"Unprecedented Surge in Property Demand Transforms Spain's Costa del Sol - Find Out Why!" - realty - Real Estate and Urban Development -

Seismic Shift in Property Market Experienced by Renew Realty

Renew Realty has witnessed a significant transformation in the property market over recent years. This shift has been largely attributed to the pandemic, which has made remote working a norm and introduced the concept of hybrid-working. This change has opened up opportunities for more people to consider living in warmer climates. The property market saw a boom in 2021, marking a record year for Renew Realty.

Buyers Seeking Permanent Residence in Costa Del Sol

Interestingly, the trend has shifted towards buyers seeking a permanent residence in the Costa Del Sol, as opposed to a holiday home. The demand has seen a surge particularly from Northern to Eastern Europe, USA, and Canada. A noticeable trend is the influx of younger buyers, including tech millionaires, choosing Marbella as their place of residence.

Renew Realty Expands Team to Cater to Global Demand

In response to this unprecedented change, Renew Realty has expanded its team with multi-lingual specialists to handle enquiries from around the globe. The team also includes experienced sales professionals who provide a tailored service to clients selling their homes and buyers seeking bespoke property tours.

Investment in Marketing and Technology

Renew Realty continues to invest in marketing, utilizing the best online property portals. An App is also available for buyers to search for properties 24/7 from the comfort of their homes. If your property is listed with Renew Realty, it is guaranteed to benefit from optimum levels of promotion to attract a healthy level of buyer interest.

Active Buyers Ready to Purchase

Jim Muirhead of Renew Realty stated that they currently have a number of qualified, active buyers ready to purchase. Therefore, they are seeking to secure listings to meet this demand. If you are considering selling your home, taking advantage of this buoyant market may prove beneficial.

Property Market Trends in 2022

It will be intriguing to observe how the property market evolves throughout 2022. For any queries, feel free to contact Head of Sales & Valuations, Jim Muirhead.

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