Investment Property Spain - Investors Guide - Spanish Real Estate

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Investment Property in Spain

Spain – Investment Guide

Confidence in the Spanish property market has been somewhat dented by the wave of bad press, particularly in Costa hotspots and with interest rates creeping up, the property market has now slowed down from its former period of record-breaking sales.

It will take time for the market to restore, but despite this, prices have nevertheless continued to hold and, in many cases, have risen further.A number of reports, including one by specialist valuations firm, Sociedad de Tasacion, have announced that average property prices in Spain increased by some 6.3% in the first half of 2006.

In line with a recent trend for rural property, many purchasers are heading inland for their dream homes, while mini-emerging markets such as Andalucia’s Costa de la Luz are also experiencing unprecedented growth of up to 20% per annum in prime locations.

Spain has benefited enormously from EU subsidies which have enabled its infrastructure to reach 21^st century levels.

This, combined with political and economic stability, allow Spain to top the list as an ideal, safe overseas property investment location.

Why Buy Property in Spain?

A Trusted Entity

Overseas investor enthusiasm is returning to more established, stable worldwide destinations. Spain is still the number one overseas property location for British buyers, where language, legislation, taxation, religion political and economic stability and the infrastructure are known and trusted entities.

A Well-Trodden Path

Plenty of expert, readily available advice and finance on the subject of real estate investment in Spain provides buyers with a good basis with which to go ahead.Property purchasers are safe in the knowledge that buying property in Spain is a straightforward procedure and, with the help of an independent lawyer, the purchase should be trouble-free.

Tourist Appeal

Spanish tourism continues to soar and currently attracts just over 50 million tourists per year. As the second most popular holiday destination in the world, it is ideally equipped for tourism, with its modern and highly developed supporting infrastructure.

The Spanish Ministry of Tourism predicts that by 2025, 3 million foreigners will have come to Spain to set up a second or permanent home, representing treble the figures of today. These figures clearly indicate an ongoing demand for Spanish homes and a buoyant climate in which to invest.

From major cities, golf, ski and beach resorts to numerous beautiful national parks, Spain offers endless opportunities for recreation and relaxation.

A fantastic climate, particularly in southern Spain and succulent national cuisine all blend beautifully with a vibrant culture, making Spain the huge success it is today. As tourism continues to thrive and expand, buy-to-let investors are cashing-in, particularly in prime resort areas; if you get it right, you could rent your property out for six months of the year to cover costs in addition to using it yourself, free of charge, for the rest of the year.

Budget Air Revolution

With an increase in direct budget air services to Spain’s nine international airports, as well as a heyday in online bookings, property in Spain supports an ever present need amongst tourists for economical holidays.

Meanwhile northern European second homebuyers and retirees are happy to find a nearby destination where property prices and the cost of living are still lower than “back home.” 

See also: Buying Property in Spain & Mortgages in Spain