The Best Seasons To Buy Property In Costa Brava
If you are interested in buying a property in Costa Brava, there are a plethora of options that you can opt for—from apartments, massive estates, and underdeveloped plots to top high-end holiday villas Costa Brava has to offer.
While it appears that the Costa Brava natives are missing out on investing in their towns—as just about 60 percent are property owners—their reluctance to purchase properties presents more opportunities for foreign investors to own property. In fact, despite stringent laws and loads of taxes, a bigger percentage of non-residents have seized the opportunity to buy property in the region.
So, if you have decided to buy property, what is the best season to do the purchase? Well, here is a quick guide of what to expect in Costa Brava property market per season:
1. Spring
Traditionally, property prices in Costa Brava start rising in spring as more properties are put on the market. The period between March and June often record not only the highest number of property for sale but also a higher percentage of buyers. Although buyers are likely to have a wide range of property choices during this period, they are also highly likely to buy property at elevated prices or to lose good properties to buyers who are willing to offer more.
2. Summer
Summer is considerably calmer than spring when it comes to property prices—price negotiations are allowed. Generally, there are few transactions taking place; in fact, a bigger percentage of them are sales agreements that are signed in the spring. Most properties that you will find on the market during this period are negotiable because the owners understand that if they don’t sell them, the sales will have to be carried forward in the fall as nothing happens in Costa Brava during the July/August vacation period. If you are a buyer, you should take advantage of this slowdown to negotiate accordingly as there are fewer potential buyers hence less competition.
3. Fall
The market activity tends to pick around September—though often slowly. You shouldn’t believe a buyer who is pressing you to close a deal fast because there are no huge potential of buyers during the fall. This is one of the best times to buy property in Costa Brava, without rushing things.
Bottom-line
Even though the highlighted seasonal trends are time-tested, for you to get a good property in Costa Brava that is well priced, you have to look out for it as frequently as possible. In most cases, the competitions for such properties are fierce irrespective of the season. To get the most out of your property search in Costa Brava, strive to seek the help of a real estate professional with expertise and knowledge of the market.