Revival of Costa de La Luz property market

With average property prices down by 20% on the western Costa de la Luz and the pound making an 18% recovery from the start of the year, leading local agent Titan Properties is reporting a marked revival in interest from serious property buyers keen to take advantage of the 38% discount ‘wake-up call’.

Ellie Richards, Property Advisor for Titan Properties, explains, “New clients, and prospects who’ve sat quietly on our database, are gradually moving off the sidelines and feeling the confidence to enter into discussions about a new home in southern Spain. Although nothing like the volume of years before, these potential purchasers are genuine, well-informed and in the main have the funds without needing to arrange finance. Clearly people still have money, but have lately been too nervous to part with it – until now. Titan Properties has been selling across the board from modest apartments through to spacious golf villas over recent weeks, our strongest sales period for quite some time.”

The combination of a strengthening pound and a number of developers and private individuals dropping prices under immense pressure to sell has certainly been an attractive one.

Ellie continues, “Of course it’s still not an easy market to operate in, clients are certainly making us work harder for them negotiating discounts and favourable payment terms, but the western Costa de la Luz has an edge over the other Costas. This Huelva province has never seen overbuilding or illegalities in licensing which works very much in our favour in terms of earning buyer’s trust. We may not have the same volume of distressed sales as the Costa del Sol which has kept discounts from falling below the 20% mark but, given that prices here were already 30 to 40% cheaper than the Costa del Sol prior to the crisis, we are still by far a preferable purchase option. And, on an underdeveloped coastline with near-deserted beaches, superb golf courses and airline access through Seville and Faro Airports – an asset which will hold its value for the future.”

Ellie concludes, “It’ll be a slow process towards full recovery but for us slow is better. A stable, gradual market correction is far better than a quick upsurge. We don’t want another bubble; after all, that’s what got Spain into this muddle.”

TH4001 – Semi-Detached Villa El Rompido
Brand new semi-detached villa in a quiet cul-de-sac location. Built over 182m² the property has four bedrooms one of which is en-suite and also with a generous dressing room. There are two further shower rooms and a guest WC. A fully fitted kitchen, light-filled living-dining space, wooden flooring upstairs and a fully installed alarm system complete the picture inside. Outside there is sunny terracing and a swimming pool set in a lawned plot of 325m².
Was 560,000 euros – Now 441,000 euros – 21% discount

Villa Nuevo Portil
Brand new ready-to-move-into four bedroom villa set on the idyllic Nuevo Portil golf course. Built in traditional Andalucian style with a large enclosed courtyard, the home is arranged over two floors with 183m² of living space. The master bedroom is en-suite with a private terrace overlooking a generous private swimming pool set in lawned gardens. The overall plot size is 1,145m². Bedroom number two is also en-suite and enjoys golf views whilst there is an additional full bathroom and guest toilet. Facing south and looking across the 11th green, this villa is also within walking distance of beautiful sandy beaches. Parking for two cars and pre-installation for air-conditioning and solar power complete the property.
Was 847,000 euros – Now 690,000 euros – 19% discount

A4033 – Apartment Miramar El Rompido
Recently completed 84m² apartment in a development next to El Rompido set opposite the prestigious waterfront La Marina resort with its bars, restaurants and yacht berths. With views across the communal swimming pool, this apartment has a large lounge-diner, one bedroom, a fitted bathroom and separate toilet. The home has double glazing, a security system as well as a garage. Miramar is set in landscaped gardens complete with paddle tennis courts.
Was 160,000 euros – Now 135,000 euros – 16% discount

For more information, visit titan-properties.com