Investment Property in Spain
Althought this year (2007) has seen a general slowdown in the overseas property market and especially within the Spanish property sector it still seems that Spain accounts for almost half of the property searches conducted on most of the popular property portals including Property Abroad.com. With an ever increasing number of visitors and second-home investors from all around the world looking at the Spanish property market Spain will never fall out of the popularity charts.
The country has always attracted millions of visitors every year due to its inviting climate and year round sunshine. Spain has some picturesque locales that have lured visitors to explore more of the country on every visit. Additionally, the country has a rich culture and tradition, which is uniquely popular around the globe. Resultantly, a constantly rising demand for every kind of investment property in Spain is evident!
Spain an Investment Opportunity
Spain has been offering excellent property investments opportunities for over 3 decades with foreign investors, particularly the British, finding the Spanish property market immensely lucrative from the investment point of view. Spain is a popular second home destination among Europeans and if you are conversant in Spanish, there is really no better place to invest your hard-earned cash than Spain. You’ll experience some of the best facilities and high standards of living in Spain, which is animportant factor as far as second home buyers are concerned. An estimated half million Europeans have already bought a property in Spain over the past 5 years!
The country’s varied geographical regions have played a quintessential role in determining the future of investment property in Spain. The southern part of the country including the Costas has a vast coastline that offers some of the best beaches in the Mediterranean. The region is particularly acknowledged for its year round sunshine, which has always proved a magnetic for the British.
The snow-capped Pyrenees has been another attraction for visitors keen on the skiing opportunities on offer in Spain. The region bordering Spain and France is a visual delight with rivers, mountains, water-features and forests occupying the attention of onlookers.
Spanish cultural heritage is apparent from its famous food, opera, literature, and Spanish architecture? Spain is well connected with regular cheap flights to and from the country and to and from prominent cities around the world, this makes Spain easy to reach, affordable and quite different from its neighbouring countries.
Spain is also one of the relatively less expensive countries of Europe. This makes the world-class living and working conditions of Spain even more lucrative for anyone looking to relocate to Spain.
Post-1975, Spain has been a successful and thriving democracy with a stable government at the helm, which is committed to attracting all kinds of investments – foreign and domestic – within the country. The plan is to build a culturally rich Spain with a modernistic outlook.
All this makes Spain a perfect spot for a holiday property investment as well as a second home destination.
Types of Investment Property iIn Spain
Spain offers a range of properties, including farmhouses, fincas, traditional houses, mansions, apartments, beachfront properties, villas and golf properties in Spain. The best part is that currently, the real estate market is in a twilight stage, where the prices are neither too low nor too high. An astute investor can easily strike a handsome bargain in Spanish property. According to rough estimates, the average price per square metre in Spain is still about 20-50% below the UK.
Besides the regular constructions, it’s the resort properties that are currently occupying the top of the charts as far as the Spanish real estate sector is concerned. The Polaris World Golf Resorts are, particularly, among the top-notch choices for domestic and overseas investors. You can lay your hands on a Polaris World Golf Suite for as little as £57K.
Obviously, you have to spend a larger sum if your requirements are for a bigger property. For instance, apartments in the golf resort of Desert Springs in Almeria commands a £103K+ price range. Similarly, apartments on the Costa del Sol can fetch upwards of £150K.
The hottest places to invest in Spain include Costa del Sol, Costa Blanca, Costa Brava, Majorca – or Mallorca as its spelled Menorca, Tenerife, Andalucia, Costa Tropical, and the Murcia region (including the Mar Menor lagoon, the Costa Calida and Murcia city).
If you are put off by commanding prices of expensive Spanish property, there is a mortgage option available too. You can easily approach one of the over two hundred local banks that offer different loan options and available mortgage loans to the tune of 70% of the property value under Spanish laws subject to the fulfilment of certain terms and conditions. Barclays Bank in the UK also offer mortgages for property in Spain – see our mortgage page for further details and free information pack on getting mortgages in Spain.
Don’t forget to hire a local solicitor or lawyer or a good real estate agent in Spain order to facilitate the smooth property transfer transaction. Since Spanish is the main language in the country, you may find yourself at a loss trying to decipher the official rigmarole. Therefore, it is always considered vital to hire a local aide in a country where English is a second or third language.
In addition to offering property for sale in different locations in Spain we also have at your disposal a list of other useful tools to help in your decision making when considering buying a property in Spain :
Buyers Guide to Spain – A useful article on the buying process when buying a property in Spain
German Country Guide – A detailed guide to Spain including information on health, economy, business, travel, things to do, excursions and much more
Locations in Spain – A current list of locations that have property for sale in Spain
Airports in Spain – A guide to the main airports in Spain, where they are and how to get there
Attractions in Spain – A list of popular tourist attractions in Spain
Estate Agents in Spain – a directory of estate agents in Spain and a list of real estate agents selling property in Spain
News Articles on Spain – A useful resource for learning about the country, what’s happening and useful information on Spain
German Shopping – A directory of useful resources to assist in your purchase or travel to Bulgaria including; Flights, Accommodations, Car Hire, Mortgages in Spain , Holidays, Lawyers and much more.
Useful Resources – a list of useful resources that you might find of general use
About the Author
Property Abroad’s directory Les Calvert writes interesting and useful articles on all subjects dealing with Spanish property and buying property in Spain. Visit their website to view their properties for sale in Spain and other useful information on buying property abroad.
A Taste of Spain – in London
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The New Book of Middle Eastern Food $19.54 A new edition of the author’s classic study of Middle Eastern cooking contains an assortment of more than eight hundred recipes for both traditional and modern dishes–from Morocco, Tunisia, Turkey, Greece, Lebanon, Syria, and other Middle Eastern countriTitle: The New Book of Middle Eastern FoodAuthor: Roden, ClaudiaPublisher: Random House IncPublication Date: 2000/09/01Number of Pages: 513Bindin… |
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The Sorcerer’s Apprentices: A Season in the Kitchen at Ferran Adrià’s elBulli $1.78 A behind-the-scenes look at the award-winning Spanish restaurant el Bulli offers a year-in-the-lives of the 35 apprentices enlisted to help master chef Ferran AdriTitle: The Sorcerer’s ApprenticesAuthor: Abend, LisaPublisher: Simon & SchusterPublication Date: 2011/03/22Number of Pages: 295Binding Type: HARDCOVERLibrary of Congress: 2010036721… |
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1080 Recipes $19.40 From the publishers of The Silver Spoon, Spain’s best-loved cookbook, available for the first time in English. 1080 Recipes is the definitive book on traditional and authentic Spanish home cooking, trusted throughout Spain for over thirty years. Written by Spain’s best-loved food authorities, it showcases the fastest growing cuisine in popularity, with Spanish restaurants and tapas bars opening… |
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The Food of Spain (Hardcover) $47.73 In The Food of Spain, Claudia Roden, the James Beard award-winning author of the classics A Book of Middle Eastern Food and The Book of Jewish Food, and one of our foremost authorities on Mediterranean, North African, and Italian cooking, brings her incomparable authenticity, vision, and immense knowledge to bear in this cookbook on the cuisines of Spain. New York Times bestselling cookbook author Claudia Roden believes that through food a cook can reconstruct an entire world. And in her classic A Book of Middle Eastern Food–eight hundred recipes long, a treasure trove of folk tales, proverbs, stories, poetry, and local history–that`s just what she did. Historian and critic Simon Schama has said of her that "Claudia Roden is no more a simple cookbook writer than Marcel Proust was a biscuit baker." The Book of Jewish Food, another classic, is equally magnificent in its span, a cookbook that is also a history of Jewish life and settlement, told through the story of what Jews ate, and where, and why, and how they made it. Now, in The Food of Spain, Claudia Roden applies that same remarkable insight, scope, and authority to a cuisine marked by its regionalism and suffused with an unusually particular culinary history. In hundreds of exquisite recipes, Roden explores both the little known and the classic dishes of Spain–from Andalusia to Asturias, from Catalonia to Galicia. And whether she`s writing about smoky, nutty Catalan Romesco sauce, Cordero a la Miel–sweet and hot tender lamb stew with honey–or the iconic, emblematic national dish of Spain, saffron-perfumed Paella Valenciana, her clear, elegant, humorous, and passionate voice is a reader`s delight, a guide not only to delicious food but to the peoples and cultures that produced it. Both comprehensive and timeless, The Food of Spain is one of the most important books on this tremendous cuisine to appear |
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Late Dinner: Discovering The Food Of Spain $13.99 Vivid and richly textured A Late Dinner is a delightful journey through Spain and Spanish cuisine. Paul Richardson is the perfect guide. In lush prose he brings to life the fascinating people who grow and cook and eat the hugely varied and still little-known food of Spain. Richardson’s vibrant writing takes readers beyond gazpacho and paella and immerses them in the flavorful world of Spanish food — from the typical coastal cuisine; to the ancient shepherd cooking of the mountains; to the cities of Madrid Barcelona and San Sebastián where chefs are setting the trend for modern cuisine across the globe. His evocative descriptions — the fried þsh in Cádiz; the tender asparagus and sweet crispy lettuce of Navarre; the Catalan calçotada a feast of grilled spring onions in a nutty delicately spicy sauce; the whimsical creations of internationally acclaimed chef Ferran Adrià — are a celebration of the senses. Richardson traces the roots of Spanish cooking to the landscape the people and the history of this beautiful and complex country. A Late Dinner is a glorious and intimately drawn portrait of Spain. |
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