Off plan property Spain
Spain is still one of the top countries for people wishing to invest in overseas property, with the ease of getting there from most European counties and all year round warm weather. It is an ideal location to have as a second or holiday home and even to totally relocate to as more and more people decide to work from home utilizing the flexibility of working via the internet.
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Spain also continues to offer a valuable way to receive a good return on investment for many people.
With a large number of airlines offering low cost flights to many destinations throughout Spain, a healthy tourist market has been in operation for many years. This as well as the warm weather, coupled with beautiful landscapes has helped to create a demand in real estate within Spain that is second to none. This year 2007 Spain has yet again been the number 1 destination for people looking to buy abroad according the latest survey in Place in the Sun magazine.
People wishing to take holidays are breaking away from the tradition of using agents and feel more comfortable to book flights and accommodation directly to receive the best deals. This also offers them the opportunity to find exactly what they are looking for, from villas in the mountains to beach side apartments in luxury resorts. For the buy to let investor this can only help create excellent opportunities to receive high rental returns.
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Investment Overview |
Spain Guide |
Investment Offers |
Learn why the Spain property market is so high up the list of hot areas to buy off plan at the moment |
A brief guide to Spain, how to get thereand general facts, figures and useful info |
View the carefully researched developments OPAC is recommending in Spain. |
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Overview of the Spanish property market
Investment in the Spanish property market has been successful for many years and that has lead many people to think that it would slow down and level off. In recent years this has been true of the traditional Costa’s of del Sol and Blanca but new markets such as the Costa Calida have swung into favour and are attracting huge volumes of interest due to the high quality of luxury golf course developments and the much lower pricing structure offering great value for money.
OPAC has seen a shift in the buying attitudes of clients in Spain over the last five years away from one where people were happy to have a what we call “old” style holiday home i.e. one where you bought an apartment or house set around a communal garden and pool and much more nowadays to the luxury resort style complex offered by developers such as Polaris World and Hacienda del Alamo.
The consumer has become far more demanding and their expectations are far higher than in previous years and this has led to the construction of these stunning 5 star luxury resorts in the Costa Calida where land prices are so much cheaper than traditional Costa’s.
OPAC’s expert team of property researchers stay in touch with the demands of the market to ensure our investor clients are always ahead of the game as far as current demands and trends change.
Spain still proves to be a top destination for foreign residents to live and work and of course to visit on holiday each year. For this reason it is not surprising that Spain is still a popular location for investors looking for property, particularly the coastal areas of the country. It is predicted that a further one million more foreigners will move to Spain within the next six years.
With the ease of transport, low cost flights, warm weather, Spain having a fantastic history and stunning varied natural beauty, the Spanish property investor can expect to receive a high return on investment particularly if purchasing for rental.
Investing in Spanish Property
Spain has been a successful investment market for many years and looks as if it will stay that way in the future, with demand still there for property in numerous locations throughout Spain. Many investors have received fantastic rates of rental returns, as well as capital growth.
Due to the large numbers of tourists that visit, a profitable market for the investor within Spain at this time is the buy to let market as well as from buying off plan and selling the property before completion.
With the Spanish all year round warm weather and the huge number of activities available to people, in particular golf, the buy to let strategy is coming in to play more often with investors. The properties that have activities that can be utilized both in the high and low season are becoming popular, in order to maximize profits in a market that has all year round potential.
Key factors making Spanish property a profitable investment
- A stable economy and political standing
- Good infrastructures already in place
- Well structured airport systems to cities worldwide
- A member of the EU
- Low interest rates
- A reliable and well established market that has a proven track record for investors
- Demand for property in Spain still on the increase, particularly the rental market
- Highly competitive property prices that are lower than other European countries
- Property prices are steadily increasing and predicted to carry on doing so
- A well tested location for the international investor, particularly off plan property investments
- Warm weather all year round
- Stunning natural beauty with beaches along the warm Mediterranean seas
- Many activities all year round in particular golf courses and resorts
- Huge amount of low cost airline routes to all over Spain from Northern Europe and Scandinavia