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

£50k hit when climbing the property ladder

The average homeowner in England faces an estimated £15,513 in associated costs when upsizing their home, according to the latest research by Yopa. However, in London this figure climbs as high as £47,704. The full-service estate agency analysed the estimated cost of upsizing across England, based on selling an average flat or terraced home and…
Read More →
Estate Agent Talk

Conveyancing causes more stress than property chains

The latest research by Lyons Bowe has found that 42% of recent homebuyers say conveyancing is the biggest barrier to a smooth property transaction, compared with just 19% who point to property chains. The survey of 1,000 recent homebuyers* examined which aspects of the transaction process had presented the biggest barriers to a smooth journey,…
Read More →
Rightmove logo
Breaking News

Britain’s most competitive summer rental hotspots

New analysis from the UK’s largest property platform Rightmove has revealed the areas where renters faced the strongest competition this summer, with several North West towns emerging as the toughest places to secure a home Wallasey and Birkenhead in Merseyside were Britain’s joint most competitive rental market during July and August, with an average of…
Read More →
AI in estate agency letting agency property
Letting Agent Talk

The 5 tasks lettings agents won’t trust to AI

AI must make lettings more human, not less, and that requires real rental intelligence. The latest research from Propoly has found that letting industry professionals see a clear role for AI in property management, but are reluctant to let it operate without human oversight, particularly when decisions involve people, complex circumstances or potentially significant consequences. Propoly…
Read More →
Breaking News

Foxtons Lettings Market Index – August 2026

The busiest weeks arrived earlier than usual, with activity spread more evenly across the summer due to implementation of the RRA • Renter registrations eased 3.0% in August. Along with July, it was still the peak of 2026, finishing off the summer rush just below July’s levels. • Competition for available property rose 22.4% in…
Read More →
Breaking News

Three-quarters of homebuyers hunt after 5pm

Britain’s property hotspots where estate agency branches are handling the most sales revealed The latest internal data from Street.co.uk has revealed that estate agency branches using the platform are handling an average of 4.7 property sales per branch each month across Britain’s major cities, some two properties more per branch than the estimated wider market…
Read More →