Why Spain is THE destination for property investment.
26 November 2015
The British people’s long-standing love for Spain runs deep, and with good reason. With an exotic climate, beautiful scenery, friendly locals and a rich culture centred on living life to the fullest, Spain offers an experience like no other. As the Spanish property market recovers from ‘la crisis’ of 2008, property prices are still substantially lower than before the crash, but are expected to rise exponentially moving forward. With some real bargains still available there’s never been a better time to invest.
We’ve rounded up why a Spanish property purchase may be perfect for you.
With prices beginning to rise once again, many believe that the 2008 Spanish property crisis is finally over. The Malaga province, home of the Costa Del Sol, has led the charge in the market recovery with sales up 20% in 2014, and a 4% national average overall, according to the National Institute of Statistics (INE). With a surplus of unsold properties built up over the past 7 years, and a limited supply of buyers, financial website ThisisMONEY reports that prices are still 48% lower than they were before the crash, providing investors with some real bargains. The country also offers significantly lower living and property maintenance costs, making life in Spain much more economical than in the UK.
An improved quality of life is commonly cited by expats as their primary reason for relocation. Recommended by the World Health Organisation as a “near perfect environment as it is possible to obtain”, the Spanish healthcare system offers medical treatment widely regarded as equal or superior to the majority of Europe. With year-round warm temperatures and sunshine well into the evening, there’s plenty of opportunity to top up the tan whilst living a healthy outdoor lifestyle, walking; swimming; enjoying the beautiful landscapes and dining alfresco. The cuisine is amongst the healthiest and most delicious in the world, which has contributed to the massive influx of tapas bars throughout the UK. Nothing quite comes close, however, to experiencing this cuisine at its source.
Spanish culture is commonly regarded as one of the richest in the world, with this being attributed to the multitude of races and cultures who have called Spain home throughout its storied history. With museums, art galleries, castles, villages, vineyards, olive groves, lakes and mountains spread throughout the country there are plenty of opportunities to sample this beautifully diverse culture. Spanish people are friendly and welcoming, with a family-orientated lifestyle where children are revered and elders respected. Enjoying life is made a priority, and Spaniards are happy to share their relaxed lifestyle with foreign visitors, making this an extremely people-friendly part of the world and a perfect place to relocate.
Select Resorts has a fantastic range of Spanish properties available, including beautiful beach side properties at the New Golden Mile ONE development in Marbella. This development offers a stunning selection of apartments and penthouses in the highly sought-after New Golden Mile area of Marbella, on the Costa Del Sol. The development is situated next to the El Coto Golf Club in one of the best golfing areas in the region and surrounded by 18,000 sq m of exotic gardens and communal swimming pools. With prices starting from just €161,000, the properties boast 24-hour security and access to fully-equipped gym and leisure centre facilities. Safe, spacious and beautiful, the resort is perfect for families or those looking for a taste of Spanish luxury.
If you’re interested in purchasing property in Spain, we offer an affordable and comprehensive inspection visit programme that provides a brilliant opportunity to visit and experience first-hand what the area has to offer. Please enquire now to register your interest in booking a trip to Spain.
Whether you are looking to take advantage of a lucrative investment opportunity, or to relocate to a place in the sun, now really is the perfect time to begin your Spanish adventure. Contact our team now by calling +44(0) 1202 765011 for more details.