The demand of foreign property buyers in Spain remains intact, despite the current COVID-19 crisis. The coronavirus has generated great doubts across all sectors, but those of the property sector in Valencia have been quickly relieved as it seems that foreign demand has not diminished in the slightest.
The report by the Association of Real Estate Developers of the Province of Alicante, where data is collected for the entire Valencian Community, reflects that not only have sales been maintained, but interest in buying has actually increased. "We have been very surprised by the level of sales from the German and Dutch markets," says the general secretary, Jesualdo Ros.
“The interest in buying in Valencia has not decreased at all, in fact it has grown. Many sales have been closed although, logically, not with the same intensity as this time last year. But as soon as things get back to normal, this trend will be back to its previous ways”, predicts Ros.
The weight of foreigners with a second residence in Valencia rests on the British, French, Nordic, Belgian and Russian citizens who understand, as Ros explains, that the Valencian Community is a "reliable and guaranteed destination, an attraction that is complemented by good connectivity and a powerful healthcare system.”
The General Director of Alibuilding, José Izquierdo, has had a similar experience. “Investment in housing by foreign clients is not going down. After the pandemic, other aspects such as location, climate, hospitality or gastronomy have begun to be valued again. We have facilitated being able to sign through technological platforms with legal signature recognition and thus have avoided face to face contact. In this way, when customers can travel to Spain in July, they will come to enjoy their new homes.