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About Spain

Traditionally a holiday home market for the British, many investors across Europe invested in the sun drenched southern coastline and was a must on a portfolio.

With most popular destinations such as the Costa del Sol seeing a slow down in prices due to over crowding in resorts and prices soaring to unaffordable heights, emerging destinations in different regions are becoming popular where you can enjoy the prices of yester year and benefit from a higher build quality.

KEY FACTS

  • Consistent economic growth
  • Established property market, procedures and resales
  • Political democracy
  • Low cost airline network
  • Cultural and architectural delights

 

RENTAL RETURNS AND TOURISM

Established rental market throughout the country started when a surge in tourism began in the 1950’s. Today over 50 million people visit annually and this continues to grow faster than supply of rooms creating strong rental returns in the region of 10%.

 

CAPITAL APPRECIATION AND THE PROPERTY MARKET

Spain’s property market is well established for a number of reasons but the main reason being it has continually produced great capital returns. Despite new property markets emerging, Spain still has the most popular following for those in search of a holiday/second home.

Spain, in the News...

Daily Mail 26th April 2007

Up to 500,000 Britons have either moved to Spain or own a second home there. Another 20,000 are expected to join them this year. They outnumber any other foreign nationals.
The past eight years has seen a 150 per cent rise in Spanish house prices. Many Britons, who typically buy apartments on the coast near golf courses, have doubled their money.

http://www.dailymail.co.uk/pages/live/articles/news/worldnews.html?in_article_id=450653&in_page_

id=1811


The Telegraph 07/05/2005

To those who buy property in Spain, the country is just one big investment. The British are buying into Spain in ever greater numbers. Many see their investment as an alternative pension plan, as the high charges, stealthy tax increases and general complexity of "normal" pensions can be off-putting. Others point to a unique benefit of committing capital to a house or flat: it's just about the only investment you can live in.

http://www.telegraph.co.uk/property/main.jhtml?xml=/property/2005/05/07/pSpain07.xml


The Daily Express Wednesday April 25,2007

Despite the recent shift to emerging markets such as Croatia and Morocco and concerns over its controversial 'land grab' laws, Spain remains the top choice for Britons buying property abroad. And most continue to be attracted to the Costas where development goes on apace.

http://www.express.co.uk/posts/view/5402/Britons+reign+in+Spain


The Sunday times January 21, 2007

With stiff competition from cheaper destinations such as Bulgaria, and Spanish property prices looking a bit peaky, is it still worth buying a holiday home in Spain?Undoubtedly yes, in my opinion, but only if you are prepared to do your research, develop investment strategies based on local market insight and take a long-term approach.

 

http://property.timesonline.co.uk/tol/life_and_style/property/overseas/article1294187.ece