Buying Investment Property in Spain

More reasons to invest in Spanish property

The vast number of people keen to buy property in Spain reflects its popularity as a holiday destination – many Brits seem to regard Spain as a 'home from home', with around half a million visiting every year. Of Spanish properties purchased by overseas buyers every year, around a quarter are bought by British investors. Buy to let opportunities in Spain are worth bearing in mind as they can provide a good source of income. Even buying Spanish property with the intention of selling on in the short term can be very profitable – property resales in Spain continue to be big business and prices have risen steadily over the last few years and look set to continue to do so.

The Spanish property market remains healthy – and the amount of building taking place reflects the confidence that it will remain buoyant. Some facts and figures:

• In 2006, around 600,000 new housing projects were undertaken
• There has been massive investment in Spain's infrastructure – the road and rail system has improved immeasurably.
• Add to this an increase in cheap flights to and from Spanish airports – all indicating a real confidence in Spain's continued popularity.
• Spain's Institute of National Statistics predicts a rise in Spain's immigrant population to 5.5 million people by the year 2010 – that's 12% of the population.

There has been a change in the type of Spanish property purchased recently – and also in the areas where property investors are looking to buy. The saturation of high-rise resorts in places like the Costa del Sol has turned potential buyers away from the more traditional 'expat' areas and made them far more adventurous. People are looking more at investment property on the Costa Blanca and Costa Calida, and there has been a big increase in sales of inland property in Spain. The Spanish Government has played a part in this too – offering tax breaks to developers who build inland. The authorities in Spain are aware of the damage done to the coastal ecology by intensive building, and various restrictions are now in place in different areas – for example, preventing buildings over two storeys and ensuring green areas are incorporated into new developments. Rural property sales in Spain have also taken off – with a significant increase in buyers looking for more rustic-type properties. Whatever your needs as a buyer, Home Espana has the expertise and experience to help you.

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Rental Agencies

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