Impact Of Covid 19 On Spanish Real Estate

Impact Of Covid 19 On Spanish Real Estate

The COVID-19 pandemic has undoubtedly had a significant impact on the Spanish real estate market, with sales and prices declining during the deepest part of the pandemic. 

However, despite these challenging times, now may be a great time to consider buying property in Spain! At Mercer's, we have helped many new buyers find their dream homes in Costa Calida throughout the entire pandemic. 

One of the biggest advantages of buying property in Spain now that the pandemic has nearly passed is the opportunity to take advantage of lower prices. You can browse our website to find properties at unbeatable prices and in amazing locations. 

Since the demand for property has declined slightly, some sellers have been willing to negotiate on price, which can lead to significant savings for buyers looking for a new holiday home or to move abroad. 

Another advantage of buying property in Spain during the pandemic is the opportunity to take advantage of the government's support for the real estate sector. 

The Spanish government has introduced a number of measures to support the real estate sector, such as tax breaks for property purchases and an increase in the amount that can be borrowed under a mortgage. This could make it easier and more affordable for buyers to purchase a property in Spain. 

The pandemic has also created new opportunities for remote working and remote living, which could make buying a property in Spain more appealing. 

With many people working from home, living in a place like Spain, known for its great weather and quality of life, has become more attractive for many. This could lead to an increase in demand for property in the coming months and years, making it a good time to get in on the market before prices start to rise.

In conclusion, the Spanish real estate market has been affected by the COVID-19 pandemic, but now may be a great time to consider buying property in Spain. With lower prices, government support, and new opportunities for remote living, it's worth considering the benefits of buying property in Spain during these challenging times. 

If you are thinking about buying a property in Spain you should definitely consider contacting Mercers. We have a great selection of properties in the Costa Calida that is surely worth a visit. Our helpful team can guide you through the entire process from start to finish. If you have any questions do not hesitate to ask, with 40 years of experience we are always happy to offer advice.