Despite a list of emerging overseas property markets that offer substanial short term gains Spain remains the destination of choice for those searching for a home overseas and for property investors alike. So what makes Spanish property so desirable?Listed below are the top ten reasons why investors choose to buy property in Spain:
1.Pleasant Weather - The weather of Spain appeals to tourists, especially those from northern Europe who long for the sunny and clear skies. The climate is warm and sunny throughout the year, making it a great tourist destination. Spain is one of those few countries that allow visitors to come and enjoy, without any prior planning. The Costa Blanca of Spain is believed to have the healthiest climate in the world, as confirmed by the World Health Organization.
2. Easy accessibility – Spain is easily accessible by air and a number of international flights fly to Spain regularly. Flying to Spain is not very expensive and a flight from London to Malaga, which is on the southern coast, takes only a couple of hours. You can either fly by budget airlines or choose to travel on any of the chartered flights.
3. Range of properties – There are various kinds of properties available for sale in the Spanish real estate market. Apartments are available at reasonable prices. Other options include townhouses and beachfront properties. For an authentic Spanish experience, you may choose to buy a house in a small town or village. From ‘fincas' to huge villas, Spain has it all, to appeal and lure overseas investors.
4. Hospitality – The Spanish people are very warm and welcoming and you will never feel like a stranger in this country.
5. Cost of living – In Spain, the cost of living is relatively low, as compared to the United States and other European countries.
6. Spanish Cuisine – The ‘wine and dine' experience in Spain is unforgettable and the joyous Spanish festivals highlight the event calendar.
7. No language barriers – Due to a strong British presence, English is widely spoken by the local people in this country.
8. Establlished Spanish property buying process that has been tried and tested and one that is used to foriegn buyers. 9. Best choice for retirees - The Center of Future Studies predicts that Spain will be the top choice of retirees planning to settle abroad, by 2020.
10. Rental properties – There is a constant demand for rental properties in Spain, as the tourist season never ends there. Most investors purchase properties in Spain to rent them out to other tourists.
When investing in Spanish properties, consult a local real estate agent
, who understands the Spanish laws pertaining to foreign investments.
