Resale properties take longer to sell

The average time taken to sell a property is on the increase.  Information released by the council of estate agencies (Consejo de Colegios de APIs) and the Association of Developers and Constructors of Spain (APCE) says that apartments in Spain now take an average of five months to sell, an increase of over 25% over the previous year.

The report blames higher prices for this increased time delay. Tenerife Property Shop concur with this view.  Their analysis shows that time to sell is closely related to the price of the property, with houses at the top of the market taking over a year to find a buyer in some instances.

The exception to this trend, report Tenerife Property Shop, is in some of the new developments.  Citing San Blas Village as an example, where linked villas are priced from �397,800, the report identifies the reason for sustained growth in sales as down to the simple equation of value for money. 

With a nature reserve on one side, and the sea on the other, the villas also benefit from all the services of a five star hotel, including room service and maids.  A beach club, health spa and the proximity to golf courses also add value to the development, making it ideal for the investor, the resident and those who simply wish to holiday in style. 

The report goes on to say that resales at this price level simply have difficulty competing with such an array of benefits and services.