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 Spanish property. Low interest rates, a strong economy and a huge demand for rental accommodation is further fuelled by the revolution of internet bookings. Spanish property investment has been popular with investors for a long time and is still the favourite location for investors from the whole world due to many factors. Many investors look to secure a rental income from their investment property and Spain is one of the safest options for rental yields, due to its established tourist industry which over the years has proved it can reliably satisfy this requirement.
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, warm climate year round, allowing for an abundance of outdoor pursuits, such as over 26 golf courses, beaches and an attractive Spanish culture. Spain boasts some 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. European standards in medical and social security services.
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, construction continues relentlessly. Bought in the right location, property remains the favourite form of investment.
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. We selected tree investment projects which we present at our website http://www.interproperties.nl/ . 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 installments 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 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. 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.
Rising prices seem set to continue for the foreseeable future, in 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 del Sol and Costa Blanca are two prime investment areas, being 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. There is plenty of expert, readily available advice on the subject and provided you use a good, independent lawyer, your purchase should be trouble-free.
Land for Development/Project Sourcing.
Interproperties Spain fully appreciates the need to find new land investment opportunities in Spain to give investors the best returns on investment. We currently offer some very lucrative hot spots in Spain and will gladly help you set up joint venture opportunities or simply source land opportunities on your behalf.
We operate an ever-increasing network of developers, agents and associated partners who are dedicated, well established and carefully vetted to fulfil an important task: to help our investors to identify the best investment options available in Spain, then to implement investment strategies using a trusted network of competent and reliable professionals. 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. An improvement in the worldwide property investment climate has enabled us to identify a growing number of large scale individual investors and investment consortiums who constantly look to take advantage of the current hot investment locations in Spain.