Are you wondering what kind of property is worth investing in in Spain? A wonderful house by the sea, an elegant apartment with a swimming pool or maybe a luxurious villa? We suggest which types of properties are the most popular among foreign investors. We will show you the advantages of particular types of properties, depending on their location and equipment. We will advise you which property on spanish market meets your expectations best.
Spain is one of the most popular countries when it comes to buying property by foreigners. It is mainly due to the fact that it provides great weather all year round, beautiful views and a variety of attractions. Recent events have not changed much in this area. People are willing to buy houses in Spain more than ever since property prices have significantly fallen.
Spain is not only a popular destination for Britons. It very often becomes their home or a profitable investment. According to data, as many as 300,000 Britons live there. Spain’s national statistics agency, the Instituto Nacional de Estadistica states that Andalusia and the Valencia region are among the most common areas for UK expats. Just Alicante itself includes as many as 69,000 Britons.
Since the severely restrictive lockdown is over, Spain is slowly coming back to life. Tourism (12% GDP), which has suffered severe losses in the face of the epidemic, constitutes one of the most prominent branches of the Spanish economy. There is talk of deep recession that will not only affect tourism, but also other industries.
The sooner you decide to buy property in Spain, the higher your return on investment will be. Check out very promising data from the Spanish real estate market and find out why now is the best time to buy a house in Spain!