DPI Worldwide - Property Investment in Spain

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OVERVIEW - Spain

Spain as a location is in high demand because it of course enjoys a year-round warm climate and stunning beaches. In addition, a the huge amount of competition among low cost airlines makes it easier and cheaper to travel to and from Spain than to almost any other destination.

With an already booming tourist industry, and holiday trends moving away from travel agent bookings towards direct online holiday accommodation transactions, Spanish real estate supplies a demand for excellent buy to let investment options where real estate investors can generate highly profitable rental yields from letting their Spanish properties.

The Spanish real estate market offers a huge variation in prices and styles: good value, sought after rural fincas or country properties vie with luxury multi-million coastal villas.

The most popular country for property buyers from the UK, both for holiday homes and permanent living. The Costa Del Sol and Costa Blanca as well as The Balearic and Canary Islands remain popular despite increasing competition from other destinations.

The Spanish real estate market has been wonderfully buoyant for so long that it has caused some critics to predict that it will level off, but this is simply not so. Although the Spanish property market did slow down, it already shows signs of a further growth spurt due to buyers' insatiable demand for Spanish property.

With around 2.8 million legal foreign residents in Spain, not to speak of ever-increasing tourism figures, it is small wonder that Spain has become a top destination for foreign property investment. In the past four years alone, the British have increased their spending on overseas properties by 45%, the favourite destinations being in Spain and France.

The Spanish Ministry of Tourism predicts that more than one million foreigners will set up home on the Spanish coast in the next six years, and this figure is expected to treble by 2025.

With the increase of low cost airline package deals to Spain and the modern tendency to arrange accommodation direcly over the internet, Spanish property investments continue to flourish, with occupancy levels on rental properties at an all-time high.

Property purchasers are attracted not only to the climate, but to Spain´s outstanding natural features and rich cultural heritage. Added to this, the fact that Spanish property still represents a solid investment which many buyers find hard to resist.