Spain - Strapping up for Spain



Article Date: 2007-11-11

Spain has become a top destination for foreign property investment as a result of around 2.8 million legal foreign residents in Spain, not to speak of ever-increasing tourism figures. 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. This figure is expected to treble by 2025.

Perhaps it is the dream lifestyle, incorporating a fantastically warm climate all year round that makes it a new priority for northern Europeans who have become disillusioned with the cold climate as well as unhealthy, unsafe and hectic lifestyles. This encourages an abundance of outdoor activity such as over 26 golf courses, beaches and an attractive Spanish culture.

Spain hosts stunning beaches and breathtaking countryside which caters for all tastes. Rambling, golf, skiing, water sports 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 offers value for money and excellent returns. The market remains optimistic and there is little sign of change for the foreseeable future.

Property prices in Spain remain a good deal lower than those back home, allowing people to 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. Paying in installments and selling the property on for a much higher price prior to project completion seems to be the most popular option. Vast profits continue to be made with shrewd off-plan investment.

A flourishing rental market is offered in Spain and investment in a 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.

Written by Janine B © Asset-Property.com


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