# Brexit begins to bite Spanish holiday home budgets reports Kyero.com Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2016-10-11 Category: FINANCE Category URL: https://financedigest.com/category/finance Meta Title: Brexit Impact: Spanish Properties Sales Trends Report Meta Description: Interest in Spanish properties costing €250k+ falling, while enquiries for properties under €150k on the rise. Discover the top 5 destinations with average URL: https://financedigest.com/brexit-begins-to-bite-spanish-holiday-home-budgets-reports-kyero-comhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/brexit-begins-to-bite-spani-1-1736844456506-compressed.jpg) - **62% of enquiries in September were for properties costing €150k or less** - **Interest in properties costing €250k or more is falling** - **Top 5 Spanish destinations all boast average enquiry price of €150k or less** “Brexit isn’t denting Brits’ love for Spain, but it is taking a bite out of their budgets.” This is the message from the latest market report from leading Spanish property portal [Kyero.com](http://r20.rs6.net/tn.jsp?f=001YITnObc3jCdY9Tmq1Iyn0D83NSLm6KsclXe2Rvzjv4HJtS-hHrP5BHwDVD2RpHnohGOIORHxVKKH2qCmLc7jZlrgTgqpbp_EqmaQxNBBXgnW0BxJYBkc7nDVesKM0bHJwldPjuaNOR5GhnYX3hAg2eLME41Ps_HZZqCl0h2IE_I=&c=rRdqHVH51waRRUu0I8ap_Q0uZBarNiQ3gAgPgs9zU9ATO138YNyKrQ==&ch=7tYIo9YQAjg0gw5F400_-yzbmMI0e0XDGHjpOlpWEYegxNjM-gfWkA==). The company’s Spanish [Property Report](https://www.financedigest.com/white-bullet-releases-ad-funded-piracy-report-for-world-intellectual-property-organisation-wipo.html "White Bullet releases Ad Funded Piracy Report for World Intellectual Property Organisation (WIPO)") September figures reveal that buyers are beginning to trim their budgets, with enquiries falling on [properties](https://www.financedigest.com/buy-off-plan-to-beat-stalling-house-prices-and-falling-rental-yields-says-jean-liggett.html) over €250,000 and increasing on homes costing €150,000 or less. Overall for the month, 62% of enquiries were for properties costing less than €150,000. **Richard Speigal, Head of Research** at **Kyero.com**, comments, September has thrown up the first visible effect of Brexit on the Spanish holiday [home market](https://www.financedigest.com/prefabricated-homes-market-report-2021-by-global-key-players-types-applications-countries-market-size-forecast-to-2029.html "Prefabricated Homes Market Report 2021 By Global Key Players, Types, Applications, Countries, Market Size, Forecast To 2029"). Overseas interest remains extremely [buoyant but buyer budgets have notably](https://www.financedigest.com/condition-monitoring-service-market-buoyant-with-flourishing-power-generation-industry-adoption-exhibits-a-notable-decline-amid-covid-19-pandemic-fmi.html "Condition Monitoring Service Market Buoyant with Flourishing Power Generation Industry; Adoption Exhibits a Notable Decline Amid COVID-19 Pandemic: FMI") reduced. With [British buyers making up 21% of foreign house sales in Spain](https://www.financedigest.com/what-brexit-mean-for-british-buyers-in-spain.html "WHAT BREXIT MEAN FOR BRITISH BUYERS IN SPAIN") (and 27% of Kyero.com’s traffic), the strength of sterling is important. Its fall since the referendum has reduced purchasing power, but seemingly not people’s willingness to buy abroad. If Brits do drive a harder bargain it is possible we will [see some localised discounting in the coming months](https://www.financedigest.com/china-equities-weigh-as-em-sees-another-month-of-outflows-iif.html "China, equities weigh as EM sees another month of outflows – IIF"), particularly in provinces where they are most active such as Alicante and Malaga. On the flip side, the ballooning [price of property in the UK has gifted the 50+ age group enormous power to purchase second homes](https://www.financedigest.com/home-prices-are-setting-records-while-mortgage-rates-plunge-is-it-time-to-refinance.html "Home Prices Are Setting Records While Mortgage Rates Plunge – Is It Time To Refinance?"). With an abundance of property for less than £90,000 and a [market returning a steady](https://www.financedigest.com/the-pet-mri-market-to-show-innovation-based-steadiness.html "The Pet MRI Market to show innovation-based steadiness") 5% per year, Spain remains a hugely compelling option. Kyero.com’s [analysis of trending](https://www.financedigest.com/talc-alternatives-market-outlook-size-trends-analysis-growth-and-projection-to-2029.html "Talc Alternatives Market Outlook, Size, Trends, Analysis, Growth And Projection To 2029") destinations emphasises buyers’ pursuit of less expensive properties. The top five destinations were all priced at €150,000 or less. Torrevieja was the most popular area for enquiries during September, with an [average](https://www.financedigest.com/hungary-to-consider-fuel-price-intervention-says-economy-minister.html) price of €110,000. While that kind of money wouldn’t go far in the UK, in [Torrevieja](http://r20.rs6.net/tn.jsp?f=001YITnObc3jCdY9Tmq1Iyn0D83NSLm6KsclXe2Rvzjv4HJtS-hHrP5BFa_FoNEgcWjUCvuPSXS3J83odjagFdjyQGricsVTf_NFBkkuu0Rq_Jq1qR5TYiv0K3frILJri8GAfcTFdZYAJeIS9pFBJfKkcp2Bj-p6nEWq8XOevFjPYWIRuIwsNwiJlh7Vzj1g40P9OmTIOCcbXB8bbLOkfyem3ePZhOAwi0TOt8OUHU53nGLUnTNj64ts1ppHou31APVub7kQBfVWaQOGwKMkQ3DnA==&c=rRdqHVH51waRRUu0I8ap_Q0uZBarNiQ3gAgPgs9zU9ATO138YNyKrQ==&ch=7tYIo9YQAjg0gw5F400_-yzbmMI0e0XDGHjpOlpWEYegxNjM-gfWkA==) €110,000 is enough for properties ranging from a three bedroom [penthouse apartment](http://r20.rs6.net/tn.jsp?f=001YITnObc3jCdY9Tmq1Iyn0D83NSLm6KsclXe2Rvzjv4HJtS-hHrP5BFa_FoNEgcWjoRRGGfvtex3-hpiyO20pRo-5TjXAhxQ9gfxzvLnYGMMvswBTjU4DGra6XjoB2WyBS8WORjvtjKib4uipmJyfZEJ_urvPywmfyo0yX1dCd3NQdlOjMwu2Yn317rBdD_wBCeQyZVtWExDP7q6Azhep5AdLyB7oAOmeZ5MwkDUpQZ11tubHB_EDxg==&c=rRdqHVH51waRRUu0I8ap_Q0uZBarNiQ3gAgPgs9zU9ATO138YNyKrQ==&ch=7tYIo9YQAjg0gw5F400_-yzbmMI0e0XDGHjpOlpWEYegxNjM-gfWkA==) just 200m from the sea to a [picturesque townhouse](http://r20.rs6.net/tn.jsp?f=001YITnObc3jCdY9Tmq1Iyn0D83NSLm6KsclXe2Rvzjv4HJtS-hHrP5BFa_FoNEgcWjxMXLTMCSia2Nhpg3nmSTe1_68xp2HkH2oJjiMFcnB6Y6NtvNHXY4NGOq1ZZywx0jtZhLHSdo5xj5yTUE39zeuWDZlP55D9H_L8tJNwfDfodmzkWcCGqK7xCjyzPQ60A9Gvi_4reK3M1HxTbB3m1iJvF7vRcy4AgJf4TQ0KH5IgH8ay2UEMIuUw==&c=rRdqHVH51waRRUu0I8ap_Q0uZBarNiQ3gAgPgs9zU9ATO138YNyKrQ==&ch=7tYIo9YQAjg0gw5F400_-yzbmMI0e0XDGHjpOlpWEYegxNjM-gfWkA==) close to the beach. Homes at Murcia’s [Alhama Golf Resort](http://r20.rs6.net/tn.jsp?f=001YITnObc3jCdY9Tmq1Iyn0D83NSLm6KsclXe2Rvzjv4HJtS-hHrP5BFa_FoNEgcWjZhb1gGXNpFMJSXDFfzFNIUrxddkILMxVTzAolZjv06pEGm5XDsuFCd_PLp12hIopnO1SyT0P1s-VF5WjNvF0GHsG7hIg9e-3MbDwJxyLnGQPv83bjfsu9VuaP6ZHVRN0USmhyC2ihlckvJZiBm5JI-7IXF6RFY1zflJ2bpcW3ynNaj4liL_6T6lCuPoaTfr6&c=rRdqHVH51waRRUu0I8ap_Q0uZBarNiQ3gAgPgs9zU9ATO138YNyKrQ==&ch=7tYIo9YQAjg0gw5F400_-yzbmMI0e0XDGHjpOlpWEYegxNjM-gfWkA==) were the second most enquired after location during September, with an average price of just €73,000. Properties in [LLiria](http://r20.rs6.net/tn.jsp?f=001YITnObc3jCdY9Tmq1Iyn0D83NSLm6KsclXe2Rvzjv4HJtS-hHrP5BFa_FoNEgcWjU7gl9wHzjNq3eP_KXzjeKgCLKwAtAXLFjr1qfBIAleA_QXoaZ7-qmgdFLRJJwz-lyonHw1pXuhF0GipOJq3Gt1suZFRUxE_lPK-1xKRp0eDFOcE3SYsj--NJ5YUxtPZVQw450YQItksolWGt_kZSRBfOwfzEiFaA&c=rRdqHVH51waRRUu0I8ap_Q0uZBarNiQ3gAgPgs9zU9ATO138YNyKrQ==&ch=7tYIo9YQAjg0gw5F400_-yzbmMI0e0XDGHjpOlpWEYegxNjM-gfWkA==) were next, at an average cost of €110,000, which is sufficient to buy a detached, [four bedroom villa](http://r20.rs6.net/tn.jsp?f=001YITnObc3jCdY9Tmq1Iyn0D83NSLm6KsclXe2Rvzjv4HJtS-hHrP5BFa_FoNEgcWjPfrTsTAasfjxPw1v1jv7uqkU7cPt46H2tj4yen0Dy0F1F-hiUjtwMYnJh4jYaAUd75JsOIzJROi2MktLgOab6sNOIZ0S716CxHy15qMqSHZjGV0U_jx7v-VPR_E2DqoNe2PJyvRenfSjBvxpLwvYpx-ZRDf9HmBtz4HAnxQNUf8=&c=rRdqHVH51waRRUu0I8ap_Q0uZBarNiQ3gAgPgs9zU9ATO138YNyKrQ==&ch=7tYIo9YQAjg0gw5F400_-yzbmMI0e0XDGHjpOlpWEYegxNjM-gfWkA==) with its own pool. The fourth most popular destination – [Alicante](http://r20.rs6.net/tn.jsp?f=001YITnObc3jCdY9Tmq1Iyn0D83NSLm6KsclXe2Rvzjv4HJtS-hHrP5BFa_FoNEgcWjqPR2vl2E4zh-nTDDJPHnmd-_xLG7QlJBdNgfNj_w_HL0zHYh1roa219lgfYnDoxDDi9O7cZ4kWgTEHuxAqq6EfPrqRBQdtODbpvf-7GwWUjh0TKomqPqt7-eGQHo9f3_dEXr5iV0k1bU2eTFDHotUfGByM0RHpSF&c=rRdqHVH51waRRUu0I8ap_Q0uZBarNiQ3gAgPgs9zU9ATO138YNyKrQ==&ch=7tYIo9YQAjg0gw5F400_-yzbmMI0e0XDGHjpOlpWEYegxNjM-gfWkA==) – saw prices rise to an average of €144,900, which is enough for anything from a [three bedroom apartment](http://r20.rs6.net/tn.jsp?f=001YITnObc3jCdY9Tmq1Iyn0D83NSLm6KsclXe2Rvzjv4HJtS-hHrP5BFa_FoNEgcWj1CcPRuoZpukpcLU6jbtfNzGiYj6YVJJtTHM1bOzAL-mubQLuAZcj5VLeSl4QsGKjI8o2XRN_ujKxQTyqSWsI3fuf7DUK-cb4OSbKTrXoHJzheWUG0BLc-rgrb3JvtanJiSIKktGEtusdhqXN0SJe5EPpzV7TFOtwMiwDod6mHZU=&c=rRdqHVH51waRRUu0I8ap_Q0uZBarNiQ3gAgPgs9zU9ATO138YNyKrQ==&ch=7tYIo9YQAjg0gw5F400_-yzbmMI0e0XDGHjpOlpWEYegxNjM-gfWkA==) with communal pool to a [four bedroom country house](http://r20.rs6.net/tn.jsp?f=001YITnObc3jCdY9Tmq1Iyn0D83NSLm6KsclXe2Rvzjv4HJtS-hHrP5BFa_FoNEgcWj5kOKcJ1NWiHcMMGPCRgX1uH9obYhPw3llBrYY3Iz-F9k-0qmKRtadoSD7ME26j_Y93QC1RiXI2tsa3czEbE3kUP-fWUUkhx_ayx64ii6zWxJlLRH-fTY9sEww0uSPG2XgtBV9mEDhc8-IG0D9KyPaoWBCF8VGGv3DHsjz8P8k-Ed5kDC8vusSQ==&c=rRdqHVH51waRRUu0I8ap_Q0uZBarNiQ3gAgPgs9zU9ATO138YNyKrQ==&ch=7tYIo9YQAjg0gw5F400_-yzbmMI0e0XDGHjpOlpWEYegxNjM-gfWkA==) with pool and barbecue. [Corralejo](http://r20.rs6.net/tn.jsp?f=001YITnObc3jCdY9Tmq1Iyn0D83NSLm6KsclXe2Rvzjv4HJtS-hHrP5BFa_FoNEgcWj9QiDLjl7_wdfiTuG0Cczndd2PQFzfko1_oLaGb9F0irAPU0pn_vxgbL-djzdiWV2Vl2DLFfDDfq-GajwAlSdVFHSfxsbRmfotK-W5EfP6NkzBkBRZPSl2OLocublUyn6lYF-W4ST8R3D3CGMRhxIFtJHrXku8LjP&c=rRdqHVH51waRRUu0I8ap_Q0uZBarNiQ3gAgPgs9zU9ATO138YNyKrQ==&ch=7tYIo9YQAjg0gw5F400_-yzbmMI0e0XDGHjpOlpWEYegxNjM-gfWkA==), on the island of Fuerteventura, took the fifth spot, with an average price of €150,000 – enough for a range of [contemporary villas](http://r20.rs6.net/tn.jsp?f=001YITnObc3jCdY9Tmq1Iyn0D83NSLm6KsclXe2Rvzjv4HJtS-hHrP5BFa_FoNEgcWjL_Q1BoNQ0xXp5WP1sBFQeOzLt67x6Nsi3ptABA41mspAQbFKM7tgbuTqEyNc1LaONvjYr-4n_F39jh7L_1d7H2JLCkerarRr7_SMyTAfV3p-iXJgVmqCBYWjZCy6c-7QqHajClZ-CVeuvS0jCvtqKo3WUPSS98aSq_3uEq7DjN8V_kCUxQMcFYvizX9pYIe_liHMX0f5SITrxWYHNwTSufU8ObsUk2MnDBBxUzScVbGU6fHhIGze_QUV58CokM1RuCO-pfPytaIhcLYlTd3CW3-QQpBk_xy_ugiB-EOG7UsbeEmi9yIGV224i-RY7bONo_jseJ4RQj0Bj2KyVYxKQgo4UdIXeuUusaLMkwJQM7Fo8Ls8WQlxi9Ny4In8ku7Jch-693spynf2CUQVGzWB9Ixp1pZRAWIbWi4IZ79WUE0=&c=rRdqHVH51waRRUu0I8ap_Q0uZBarNiQ3gAgPgs9zU9ATO138YNyKrQ==&ch=7tYIo9YQAjg0gw5F400_-yzbmMI0e0XDGHjpOlpWEYegxNjM-gfWkA==) close to the beach. With 434,000 users in September and 62,596 recorded [property](https://www.financedigest.com/property-bonds-now-three-times-more-profitable-than-buy-to-let.html) enquiries, Kyero.com’s [research provides significant insights into the state of the Spanish property market](https://www.financedigest.com/cosmetic-packaging-market-to-gather-traction-in-developing-countries-latest-insights-by-transparency-market-research.html "Cosmetic Packaging Market to Gather Traction in Developing Countries, Latest Insights by Transparency Market Research") and in particular the impact that British buyers are having. Brits are the [single largest overseas nationality in the market](https://www.financedigest.com/insurance-marketing-is-more-targeted-with-the-single-customer-view.html "Insurance marketing is more targeted with the single customer view") and their actions are significant as a result. Analysts will be watching carefully to see the knock on effect that Brexit may have on Spanish house prices as a result of British buyer activity over the coming months. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---