Popular property

Betty Henderson

SPAIN continues to be a highly sought‐after destina‐tion for homebuyers, as the country’s housing stock dwindles. According to a study released by European property portal, Idealista, on Friday, April 28, the number of available homes for sale in Spain has decreased by 5 per cent in the last year.

This drop is even greater than the 3 per cent decline seen in the last quarter of 2022. While this may seem concerning to some, it is a sign of the growing populari‐ty of Spain as a desirable lo‐cation for homeowners and is also set to boost property value.

Major cities like Barcelona have seen a decline of 11 per cent in homes for sale, while Madrid has experienced an unexpected 4 per cent in ‐crease in supply.

This trend is not limited to major cities, as even smaller towns have seen a decrease in available homes for sale. However, this has not de ‐terred homebuyers, as Spain continues to be a popular destination for those seeking a beautiful and comfortable lifestyle, and property sales have continued to soar.

It is clear that Spain’s prop‐erty market is thriving.