GETTING HIGH LOOKING FORWARD

Mediterranean Home’s CEO and long-time property expert Kelly Summerell looks at what 2023 has in store

Q

A

Did house prices go up or down in 2022?

Prices have gradually gone up in this period, but not by much.

Due to the high demand of properties, many sellers have been putting properties on the market initially at a higher price and if not sold within the first 6/8 weeks then usually they reduce the price.

QIs a particular type of property becoming more or less popular? If so, why?

AA lot of Americans have been inquiring and purchasing property here, which is interesting. It could be due to the Golden Visa rule, or an influx of American tech firms coming to Malaga.

QAre there any new legal/tax/planning implications of buying or selling property either in development or on the horizon of being approved and implemented that people need to be aware of?

YOU’VE heard of the ‘most beautiful towns in Spain’ list, but now there’s a new way to rank the incredible collection of hilltop villages dotted around the country - by how high above sea level they are. Spain’s cliff-hanging enclaves hark back to the times of medieval conquest and even Roman occupation when they were built strategically on summits to command the best view of enemy invasions.

However as populations continue to move to the cities and coastlines, these historic marvels are coming under threat. While some have benefited from nearby ski resorts, others are facing extinction with populations as low as 41. Here we have rounded up a guide to some of the loftiest villages from around the country which you should visit when you have the chance.

A

People are looking to buy inland as prices on the coast are so high, and for that reason they’re looking to get a property with outdoor space. We specialise mainly in country properties in the Guadalhorce Valley - although we sell all types of property - and we’ve seen booming demand.

Q

What challenges are people typically facing when buying or selling properties?

AA lot of owners seem to think that their properties are fully legal when in reality that’s not always the case. There have been recent changes in the rules and regulations of country property.

So that’s when we step in and we advise them correctly on what they need to do.

Q

What nationalities are moving over to the area and have any increased or decreased significantly in 2022?

A

The best advice I can give any buyer is to use a lawyer that specialises in your type of property and the area where they are buying. If you’re buying a property or country property inland, you need an inland lawyer that specialises in the rules and regulations, which change a lot.

This is where I think that we do business slightly differently. We recommend architects, lawyers, builders, and we do not get paid any referral commission.

QConsidering all of the above, how do you expect the property market to change and develop in 2023?

A info@mediterraneanhomes.eu www.mediterraneanhomes.eu

I think 2023 is going to be a good year. I think it’s going to be a very good year for Mediterranean Homes because country homes, which we specialise in, are always in demand. What we’re struggling with at the moment is a lack of product. There’s just not a lot of properties on the market. So it is still a seller’s market.

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Bronchales, Teruel Height: 1,575

Population: 480

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Height: 1,539m

Population: 91

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Height: 1,588m

Population: 73