One month in and a trend emerges.

March 31, 2016

Buscadom was launched on the 29th of February and we have seen a steady pick up of our new portal offering during the last month. Agencies are appreciative of our ‘on the ground’ approach and whilst some still want to wait and see how we do over the coming months in what is a ferociously competitive portal market, all the agencies who signed up have received leads and are out viewing properties with clients as i write this.

The trend we are seeing as we drill into the analytics of our site is that ‘average price’ really means nothing on the Costa Blanca. The average price is said to be in the region of €300,000, and whilst that is the mathematical average we have found that the interest on our portal is still for those properties that come in the bargain range, around €100,000.

Whilst everyone dreams of the white villa in the sun with a private pool, the amount of these properties selling in the first quarter of this year really pales into insignificance next to the amount of two bed apartments changing hands for less than €100k.

The news for buyers is good, there is a steady flow of these properties becoming available as the bank continue to relinquish their stock, the pre-crash buyers look to recoup some of their investments and as mortgages become available from some Spanish banks.

The news for agents is mixed, they might have to sell more to keep the cash coming in as the real ‘average’ will pay out less commission so volume of sales is going to need to be higher.

Market news creeping out of the industry is that prices are increasing and sales are flowing, whilst this is true to a certain dgree we must be wise enough to look past the headline news and ensure that we understand that ‘average’ is just a statistic and an increase after years of decreases is not something to sing about too loudly.

Check out our ‘average’ priced property in Javea, Moraira and Altea.

 

Alex Evans

You May Also Enjoy

Breaking News

Rental price and average salary tracker – March 2026

Rents Plateau, But UK Market Tells Regional Story Significant comparisons include across Scotland where average agreed rents rose to £1,123, representing a 4.95% increase month and month across the nation. Northern Ireland saw the second largest average monthly rents rise, bringing an increase of 3.99% to an average agreed price of £887 compared to £853…
Read More →
Breaking News

Breaking Property News 9/4/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Why Rightmove is making all the wrong moves   In a world reshaped by AI, incumbency is no longer protection. It is exposure. Thought Leadership By Andrew Stanton, CEO Proptech-PR Rightmove has long been the unassailable giant of UK property portals—a category-defining platform that, for years, operated…
Read More →
Breaking News

Six property firms expelled from redress scheme

Six property businesses have been expelled from The Property Ombudsman after failing to pay compensation awards. The expulsions followed a review by the scheme’s independent Compliance Committee, which agreed that each firm should be removed for breaching their membership obligations by not complying with Ombudsman decisions. The Property Ombudsman, which provides impartial dispute resolution for…
Read More →
Home and Living

Best garden renovations to increase property value this spring

With spring fast approaching and warmer weather finally in sight, now is the perfect time to step outside and give your garden the well-deserved TLC and refresh it needs after such a wet and dreary start to the year. Whether it’s refreshing planting beds, updating patio areas or rethinking your layout, investing time into your…
Read More →
Breaking News

Prime London property market stays firm

The latest Prime London Demand Index by London lettings and estate agent, Benham and Reeves, reveals that, despite broad economic uncertainty, buyer demand across London’s most prestigious neighbourhoods avoided a decline during the first quarter of 2026, with the likes of Chelsea, Battersea, Highgate, and Belgravia seeing quarterly demand increases of above 5%. The Prime…
Read More →
Breaking News

More first-time buyers enter the market in 2026

The latest research by Yopa has revealed that first-time buyer demand has strengthened during the first quarter of 2026, despite the supply of homes offering the benefit of a buying scheme remaining limited. Yopa analysed first-time buyer demand based on the proportion of homes listed under buying schemes* that have already sold subject to contract…
Read More →