What do upmarket foreign buyers, including Spain, want in Southern Europe?!

 

Savills Aguirre Newman, an international property agency, published the report on house demand in France, Italy, Portugal and Spain. for sale

During February and March this year, the World Research Team at Savills Aguirre Newman surveyed nearly 500 customers throughout their upmarket agents' network in Southern Europe to gather insights into the "motivations and desires of homebuyers today."

They found that the "Covid-19 pandemic has caused changes in people's way of living and working, changing what buyers consider important in their homes."

They found an increasing interest in rural idylls with 80% of second-house buyers searching for a rural environment, although older buyers were more interested in rural areas than those 40 or older.

The survey shows "nearity to amenities, high speed Internet access and a good view of homebuyers as the top three factors," with outdoor space also high on the "nice to have" list.

The growing need for home office space was another trend they identified in the light of the pandemic. "The pandemic forcing many people to work at home has influenced their purchasing decisions by over a quarter (27%) of respondents saying that higher homework. Just under three-quarters of those surveyed (74%) expect to work from their own homes at least one day a week after Covid-19, just half before the pandemic."

Second house

37 percent of the "prime property buyers" surveyed wanted to buy a second home.

"In order to boost the industry, increased remote work means that owners will spend more time in their second houses," the report says. 'Property preferences vary according to country and nationality' with French owners willing to accept the longest journey periods. "Half of those who buy in France are prepared to go to their second home for five hours compared to only one quarter of those who buy in Spain. "

In Spain, 23% of buyers say that they 'intend to spend more time in their second homes due to the pandemic,' compared with 40% in France.

HolaBank's principle of making life easy and simple for expatriate and second-hand home purchasers from abroad makes it more and easier to apply for mortgages in Spain in a wide variety of languages than ever before.

The HolaBank approach to expatriates and second home purchasers from abroad sums up three ideas: better, easier and in your own language.

BETTER: HolaBank was the first bank to provide 100% online mortgage applications to foreign residents. Leading the field, HolaBank's online mortgage application process is improving and improving and also faster. You are guaranteed a reply within 48 hours of receipt.

EASY: You will find a detailed checklist of documents required by country, without translation required, as the mortgage application process is guided. You can apply on your computer, tablet, or smartphone everywhere, any time.

IN YOUR OWN LANGUAGE: You know where you are at every stage of the process with instruction in different languages and are able to send all your documents in your home language, without having to encounter the pain of having them translated into Spanish. Your language is HolaBank*.

As part of CaixaBank, Spain's largest banking group, HolaBank focuses on addressing the needs of external customers. The HolaBank branch network covers the most popular destinations on the Spanish coast, islands and cities and employs over 500 multilingual experts in 170 industries close by. Or you can use the online and mobile banking apps of HolaBank to do your banking anywhere in the world.

No other bank in Spain goes so far as to understand the needs of Spanish foreign mortgage borrowers. Find out more here on the HolaBank website about how HolaBank is able to help you finance your Spanish home and start your application online.

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