Monday, September 21, 2020
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Sales of Second Homes Increase by 29% in July

The demand for second homes grew by 29% in July. Prices, however, have fallen by between 5% and 10%, and experts predict that this decline will continue in the coming months.

Spain is one of the countries with the highest percentage of second homes, which are seen as an investment or as a holiday home. However, the arrival of the Covid-19 pandemic hit the sector hard.

The uncertainty generated by the pandemic, together with health restrictions that have prevented many foreign tourists with second homes in the country accessing their homes for several months, have caused a significant decline in the purchase of this type of asset. Sales in July, however, after the end of the lockdown rebounded, up by 29%.

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