The Spanish property market certainly suffered in the 2008 financial crisis – but that is now a thing of the past.
Things are looking up for investing in Spain here for a number of reasons, and despite issues such as Brexit, UK investors can still benefit enormously from buying property.
Prices in key areas like the Costa Blanca are continuing to rise, though those rates according to recent surveys are slightly slowing down, but the second hand market continues to be good.
There there are many reasons that you might want to invest in property, whether you are considering retiring to Spain in a few years, or you want a holiday home in the sun.
But one scenario that is becoming increasingly popular (especially with foreign investors) is buying for the holiday market.
Properties can now be listed on sites such as Airbnb and achieve a substantial return on investment, but you do have to be officially registered to let out, and to pay the appropriate tax.
Spain’s holiday market is still continuing to grow as tourism hit record numbers last year, and that record will be broken this year, with British visitors leading the international tourists.
If you have the capital to invest in a deposit for a property, there may be no better way to use your money effectively than to buy in Spain – there are many reasons for this.
One of the most important is the fact that interest rates are currently running at historically low levels.
This means it has never been cheaper to borrow money and your mortgage is effective cheaper than ever before, coupled with a new mortgage act that should reduce your initial spend.
If you are considering investing in property abroad for the first time, Spain is a great choice.
There are a range of websites dedicated to providing information for those looking to buy, whether that’s for a holiday home or relocating their family.
And we haven´t even mentioned the quality lifestyle and weather!