Why Invest in Spain?
With around 2.8 million legal foreign residents in Spain, not to speak of ever-increasing tourism figures Spain has become a top destination for foreign property investment.
The Spanish Ministry of Tourism predicts that more than one million foreigners will set up home on the Spanish coast in the next six years, and this figure is expected to treble by 2025.
Now is the ideal time to make an intelligent investment in a Denia property; Low interest rates and a huge demand for rental accommodation is further fuelled by the revolution of internet bookings.
Overview
We will provide you with a hive of information on such matters as local knowledge, language, legal technicalities and financial matters to help you in your decision.
Spanish property investment has been popular with investors for a long time and is still the favourite location for UK investors due to many factors, including the number of low cost airlines operating from the UK to many destinations within Spain.
Many look to secure a rental income from their Spanish property and Villas and Townhouses in Denia are one of the safest options for rental yields, due to its established tourist industry which has proved it can reliably satisfy this requirement.
The Spanish property market provides buyers the ideal destination in which to re-locate or purchase a second or holiday home. It also offers a valuable profit generating asset to ever-increasing numbers of worldwide property investors.
Spanish property remains the favourite investment market for overseas property buyers. Spain as a location is in high demand because it of course enjoys a year-round warm climate and stunning beaches.
In addition, a huge amount of competition among low cost airlines makes it easier and cheaper to travel to and from Spain than almost any other destination.
With an already booming tourist industry, and holiday trends moving away from travel agent bookings towards direct online holiday accommodation transactions, Spanish real estate supplies a demand for excellent buy to let investment options, where property investors can generate highly profitable rental yields from letting their Spanish properties.
Natural and Cultural Factors
- The dream lifestyle is a new priority for northern Europeans who have become disillusioned with the cold climate as well as unhealthy, unsafe and hectic lifestyles.
- Spain, particularly southern Spain, offers a fantastic, all year round warm climate, allowing for an abundance of outdoor pursuits, such as golf courses, beaches and an attractive Spanish culture.
- Spain boasts some stunning beaches and breathtaking countryside which caters for all tastes. Rambling, golf, skiing, watersports and beach life are but a few of the ways in which residents and tourists enjoy the outdoors.
- An excellent infrastructure is already established, including European standards in medical and social security services.
- Spain is easily accessible from the UK, with links to countless regional airports. Budget fares abound and within 2 ½ hours you can be touching down in sunny Spain. Alternatively, if you need to dash back "home", it will not be a lengthy logistical exercise to get there.
Economic Factors
- Lost confidence in the stock market - More and more people are disillusioned with their poorly performing pension and savings plans, PEPs and stock investments which continue to fall in value daily. Their number one priority has now become the search for opportunities that can give a satisfying return on their investment.
- Spain still offers value for money and excellent returns - The market remains buoyant and there is little sign of change for the foreseeable future. Despite a slight slowdown, development continues. Bought in the right location, property remains the favourite form of investment.
- Property prices in Spain remain a good deal lower than those in the UK - The lower prices mean many people can afford a holiday or second home, or indeed relocate to the country and retire early. Spanish properties are becoming more popular as they provide an excellent investment as well as a holiday home.
- Off-plan purchases are a popular investment option for those in the know - You can avoid the full cost of paying for the property by paying in instalments and selling the property on for a much higher price prior to project completion. Vast profits continue to be made with shrewd off-plan investment.
- A large flourishing rental market is offered in Spain - Investment in a Spanish property with good rental potential can achieve excellent returns. Spain is a top choice for tourists who enjoy a variety of self-catering accommodation, apartments and private villas. Get it right, and you could rent your property out for six months of the year to cover costs and have it for your own use, free of charge, for the rest of the year.
- Young investors can afford to buy in Spain - There is a new trend emerging amongst the young under 30s British to get their first step onto the property ladder abroad as they can ill afford to do so in the UK. According to a recent survey by Atlas International, a Spanish property is the number one their list.
- Rising prices seem set to continue for the foreseeable future - This is true for both the popular coastal resorts as well as in easily accessible inland regions. Spain has a stable and mature property market, while prices have risen by 48% in the past three years. Experts predict that prices will continue to rise, albeit at a slower pace than in recent years.
- The Costa Blanca is a prime investment area, being one of the most popular tourist areas - Prices remain relatively high on both coasts but due to huge demand, you could be sitting on a goldmine in the long-term.
- Buying in Spain is a well-trodden path - We can provide you with plenty of advice and recommend a reputable lawyer making your purchase smooth and trouble free.