Granada holiday homes 'drawing most interest' in Spain
February 9th, 2007
Granada in Andalusia outperformed all other Spanish cities in terms of prospective property purchase interest last month, according to new research.
A study by property company Amberlamb found that more prospective buyers showed an interest in the city than any other in Spain.
Holiday home prices in Granada are around 30 per cent less than the national average, despite being situated in a fantastic holiday destination on the Spanish south coast.
“Granada has a stunning coastline, a fantastic climate, an excellent blend of culture, history and entertainment and benefits from landscape and real estate diversity, therefore it has a great and broad appeal for many,” Rhiannon Williamson, co-owner of Amberlamb commented.
The relatively cheap cost of buying in Granada could be driving its popularity. The traditionally high average property price in coastal regions has been forcing holiday home buyers to choose cities to invest in rather than their preferred areas.
“City properties are far less popular with those looking for a holiday home abroad simply because the dream of a home in the sun is not generally associated with one in a location where there is congestion, crime, pollution etc,” Ms Williamson said.
“Affordability is the main constraint that leads buyers away from the realisation of their dream and into a compromise either in terms of location or property type.”
Story from holidaylettings.co.uk
