Costa Del Sol Property Sales Continue to Rise

Costa del Sol is a 99 years leasehold Condo development located in Bedok, District 16. The development was completed in 2003 and it has a total of 906 units. It is within walking distance to MRT stations such as Bayshore MRT and other major public transport routes in the area. Residents can head to nearby shopping malls like Sheng Siong Supermarket for daily necessities. It is also near schools like Alphabet Playhouse @ East Coast, Rainbow Cove Pre-School @ Upper East Coast and Humanities Hub Education Centre.

The property market on Spain’s south-facing coast remained hot throughout 2022 and while sales and the number of foreign buyers may have dropped since last year, demand is still strong. That’s especially the case for new properties, which have surged in popularity among second-home buyers in recent months as they offer more indoor and outdoor space than older homes.

A survey by Idealista, for example, found that during February 20% of the homes listed on the portal sold in under a week, while 15% took up to a month and 21% three. This is a higher figure than Spain’s national average, which stood at just under two weeks and one month, respectively.

Prices in the region are also up, according to OMAU’s latest report. In Marbella, values rose by 5.6% in yearly terms and 4.1% in quarterly terms, with similar increases seen in Manilva, Estepona and Benahavis. This reflects the fact that international buyers continue to play a key role in the region, even though Spain’s total lockdown during the pandemic impacted demand significantly. property sales costa del sol

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