International buyers’ agent Home Hunts has announced the expansion of their luxury property search service into Spain to meet growing demand, reports Property Wire.
It has found that the recovery of the Spanish real estate market has given confidence to agents in the country and in February of this year home sales in Spain recorded their highest figure for three years having increased by 15.8% compared to the same month in 2015.
It says that the data from the National Statistics Institute is further evidence that the housing market recovery remains underway and it would appear that the recovery is being led by existing homes rather than new builds.
Home Hunts offers a property search service for clients looking to buy luxury homes or investment properties abroad. By working with the best agents, developers and private owners, Home Hunts experts are able to search the entire market and offer unbiased advice throughout the buying process.
The company has enjoyed huge success in France, where it was founded in 2004 by directors Tim Swannie and Francois-Xavier, and has since expanded into Monaco, London and New York.
Despite the recent referendum result causing some initial uncertainty, Swannie believes there is great enthusiasm for the Spanish property market. ‘We are very excited to be launching our service in Spain. We were initially concerned about how the Brexit vote may affect the market but there has been little impact so far, with only a minimal decrease in UK buyers,’ he said.
‘We have been considering our launch in Spain for a long time, but needed to wait until the time was right. We’ve decided now is the perfect time as property prices have come down in Spain substantially since 2008, and interest and exchange rates are also extremely competitive,’ he added.
The firm is initially opening in Marbella, and will be launching in Majorca and Ibiza before the end of the year.
‘The Costa del Sol, Majorca and Ibiza are all very interesting destinations for property investment; popular and glamourous destinations which appeal to the international buyers we represent. Prices have come down in these areas in recent years and there are some fantastic deals to be made. The majority of our clients tend to be looking for holiday homes or investment properties. We do help some people to relocate full time too, but the holiday home market is really our main focus,’ Swannie explained.
He added that the firm’s Spanish team has decades of experience in the property finding business. ‘They are experts in their field, and are already working with Home Hunts clients and assisting with Spanish property searches and they are really looking forward to welcoming more clients to Spain,’ he pointed out.
‘We have found that many clients have asked us to help them to purchase multiple properties in various destinations which is why we launched our service in London and New York several years ago. Spain was a natural progression for us, having been asked for help there many times,’ Swannie added.