FAIRDEALSPAIN - Make sure your next property investment in Spain is a Fair Deal |
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home > spanish property & real estate investment Welcome to Fair Deal Spain - Spanish Property & Real Estate InvestmentSpain is hugely popular with tourists, ranking second in the world in both tourist visits (behind France) and volume of sales, in which it is outdone only by the USA.
This combination of performance and security makes the Spanish real estate market highly attractive to overseas property investors, an estimated 1.5 million of whom are expected to purchase property in Spain in the next five years. Popular Tourist DestinationSpain is hugely popular with tourists, ranking second in the world in both tourist visits (behind France) and in volume of sales, in which it is outdone only by the USA. (Source: Euromonitor International, Travel and Tourism in Spain). The popularity of Spain as a tourist destination continues to grow; the number of visitors increased by 4.5% in 2006 to 58.5 million, according to the FRONTUR Survey, Ministry for Industry, Tourism and Trade, with a further rise to 59.3 million in 2007, according to figures from the World Economic Forum. A Buy to Let MarketAlthough Spanish property has seen a revaluation of real estate prices Spain still offers fantastic 'Buy to let' investment opportunities with guaranteed rental return and even lease back options. However, especially with the global real estate as it is Spanish property buyers should always perform a rigid due diligence before committing to buying an investment property in Spain. The Spanish buy-to-let market is very popular, driven by the increasing demand for holiday accommodation, especially in summer. With low-cost airlines delivering holiday makers from the UK and Europe to the main Spanish resorts, investors can hope to secure good yields from rental properties. Steady Capital AppreciationFor properly investors looking to invest in an established market Spain will continue to provide the opportunity to take advantage of a steady capital appreciation. Spain enjoys a sustained annual growth in GDP and has outperformed EU average growth, including that of the UK, France and Germany. Read Spanish Economy Indicators. The Spanish CostasThe Spanish coast continues to be very popular for overseas home buyers; the Mediterranean coast has seen property price rises of an average 18% per year. Away from the most popular coastal areas – the Costa del Sol and the Costa Blanca – there are still real estate investment opportunities in the more reasonably priced Costa Calida. The Costa de la Luz is growing in popularity and has seen significant price rises due in part to the regulations governing off plan property construction on the coast. Mortgages in SpainNowadays not only people moving to Spain and holiday home buyers, but also property investors are taking advantage of the wide range Spanish mortgages on offer. Getting a mortgage for your new home in Spain with a Spanish bank does have certain important advantages - low interest rates, favourable write off conditions, easier for taxpayers to sort taxes out. Spanish banks have targeted the non-resident property buyers as a lucrative group, and as a result a mind-boggling range of low-interest home loans have invaded the market in recent years. |
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