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Demand for Upsizing Remains Stable and Interest in Detached Houses Rises

Although requests for information about new build homes fell by 23% between 15 March and 30 April, sources at Foro Consultores highlight that the decrease is lower than they would have expected.

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Terrazas de Teatinos (Málaga), a development being marketed by Foro.

Although requests for information about new build homes fell by 23% between 15 March and 30 April, compared to the previous 1.5 month period from 1 February to 15 March, sources at the firm Foro Consultores highlight that the decline is lower than they would have expected, and that information about new build products is still being sought.

What are people looking for?

Over the last month and a half, the type of home demanded has been similar to during the previous comparable period. In other words, “around 60% of people make enquiries about 3-bedroom homes, and in those cases, they are looking to upsize. Approximately 25% ask about 2-bedroom units; they are typically first-time buyers. But what has changed is that they are more interested in flats with free spaces: penthouses, ground floor properties with a garden in the case of multi-family houses. More people are also asking for information about housing developments (villas)”, explain the sources at Foro.

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