How Will The Spanish Property Market Be Affected After Coronavirus

In these difficult times; many people are asking how will coronavirus affect the Spanish property market in 2020 and when will we be able to return to Spain (for some, to visit their hoiday homes on the Costa Blanca).

NOTE from the author - we have made a small update at the end of this article based on the recent changes from the Spanish Government and new data available to us - thank you!

Whilst there are more immediate pressing issues in terms of peoples health, social distancing and the terrible daily death toll from the Coronavirus, people are clinging onto anything positive and keep dreaming about when they can start to travel again.  Looking to buying a Spanish property later this year and when they can visit again.

The initial economic impact that this coronavirus is having is a worry for most and there is already concerns about individual economies and (for us) we are obviously worried about the coronavirus impact on Spain property market.

From talking to other real estate agents along the Costa Blanca, the current Spanish property market update is one of short term uncertainty and we are all asking eachother when our clients will be buying in Spain in 2020 again.  The question from our clients is "when can we go back to Spain again?".

The first priority is managing the coronavrius in each country, containing the spread of the virus and reducing the number of deaths.  How and when social distancing will be reduced or how long it will remain in place will have an impact on how & when the borders will be opended for international travel and therefore for potential buyers to return to Spain and start their search for a property along the Costa Blanca.

I know some people are fearing the worse and are already preparing for significant price reductions but I feel it is too early to predict if this will happen but we will have a better understanding once each country eases the lock down restrictions and we can all start to travel.  How and when this is done will then impact on the short, mid and long term impact on the property prices in Spain and other countries.

Whilst real estate agents in Spain are restricted and cannot open to the publc, we are all working online, via our webistes, emails, phone and Whatapp and continue to promote our new properties for sale along the Costa Blanca so that our clietns can continue to search for their dream home in Spain from the comfort and security of their own homes.  Once it is safe to return, we look forward to welcoming you to the new Zebra Homes office in Guardamar.

If you would like to CONTACT US for any specific query, we invite you to email:  info@zebrahomesspain.com 

#staysafe

As soon as we have any further updates; we will post a new BLOG on "how will coronavirus affect the spanish property market".

Update 22nd May 2020:  As most of Spain are already in Phase 1 of the de-escalation process (Madrid and Barcelona will join us on Monday), many will pass to Phase 2 on Monday 25th May 2020.  Just this week, the Misiter of Transported reported that Spain should be re-open for business before the end of June and with the state of Alarm now due to end on June 7th, it seems very probable that Spain will welcome visitors and tourists this summer and hopefully go 'some-way' into helping get the Spanish property market back on-track.

Zebra Homes real estate Guardamar have more than 50 years combined experience is helping clients buy a property in Guardamar, looking to buy property in Quesada, selling for properties Orihuela Costa and along the Costa Blanca.  A professional and dynamic team, we are here to answer any more questions about how will coronavirus affect the spanish property market.  You can actually read one of our latets BLOGS Buying Property In Spain And When Can I Retrun To Spain?