THERE is a buzz in the air at the Guadalmina office of Winkworth Spain.
With a sharp increase in the number of enquiries over the last few months, the team is set for a busy year.
While the majority of Winkworth’s buyers are UK-based, international demand is also on the up.
“We are experiencing a huge increase in demand from Scandinavian, French, Belgium, Middle Eastern and UAE investors,” executive Christopher Vent told the Olive Press.
While Europeans tend to seek a holiday home, thanks to competitive prices and an unbeatable lifestyle, the Middle Eastern investors are drawn by the weak Euro and keen to acquire European assets safely.
Vent adds that thanks to the new rules allowing pensions to be drawn out earlier, some UK residents are spending extra cash on a Spanish bolthole.
Others are benefitting from the all-time house price high in the UK by remortgaging their UK home to invest here.
Winkworth – the UK’s largest independent estate agency – is receiving huge demand for properties priced between €200,000 to €300,000, and has a list of waiting clients.
With Winkworth’s new international website launched later this month, enquiries from the UK are set to increase even further.