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CostaBlancaPeople 27th November-3rd December
Costa Blanca property market will resist Brexit, say experts Although Brexit threatened to have a serious impact on the Costa Blanca property market, experts fromYer Realty say that the worst has already happened and the market is now remaining stable.
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ccording to data provided by Yer Realty, a real estate agency specialising in the Costa Blanca, after the bump in the first months after the announcement of Brexit in the last quarter of 2017, the market has rebounded throughout 2018 and sales of real estate have stabilised completely. In fact, with respect to the first quarter of the previous year, sales have increased by 10.9 percent. “The British have been the foreigners
most loyal to the Costa Blanca for years, and in fact are the international clients with greater weight in the real estate market in the region, as protagonists of more than 20 percent of all purchases carried out in Alicante province”, the experts at Yer Realty said. Sweden, Belgium and Germany follow the United Kingdom as the countries whose inhabitants are most attracted by the real estate offers of the Costa Blanca, and this region has proven to be incredibly attractive for foreign tourists who want to find an investment opportunity by buying a home in Spain. “In some cases it is simply for enjoyment during the holidays or to make a break from time to time, while in others it is to ensure that capital is deposited in a
home that will continue to be re-valued over the years. Brexit news is not affecting the market one way or the other,” they maintain. So despite all the rumours that anticipated the collapse of the real estate sector on the Costa Blanca as a result of the Brexit advance, instead it would seem that British citizens are continuing to respond favourably to the offer of properties in the region.
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