Property Investment in Spain

It’s easy to see why Spain has become a favourite destination for foreign property investment.  The fantastic year-round climate, comparatively inexpensive cost of living and close proximity to the UK have all made Spain the ideal location for those looking to purchase property overseas.

 

The Dream Lifestyle

Legal foreign residents make up 2.8 million of Spain’s population, and tourism figures are ever-increasing (the current COVID blip notwithstanding).

Easily accessible from the UK, Spain has links to the majority of regional airports.  Also, you can get there in as little as two and a half hours.

Spanish property prices are still much lower than those back home.  This allows many people to afford the dream lifestyle of owning a holiday home or retiring early, who would not be able to afford such luxuries in the UK.

Flourishing Rental Market In Spain

Investing in a good property in Spain, in the right location, will give you substantial rental potential with excellent returns on your investment.

The right property could potentially be rented out for six months of the year to cover costs, with the accommodation available for your own use, free of charge, for the remainder of the year.

Get On The Property Ladder in Spain

Struggling to get your foot on the first rung of the property ladder in the UK?  Due to the relatively cheap property prices, there’s a recent trend amongst British under 30s to buy their first property in Spain.

It’s much easier to do than you’d think, as the path to buying Spanish property is well-trodden.  There’s lots of expert advice available, and as long as you use a decent, independent lawyer, it should all be fairly straightforward.

Right now, Spanish interest rates are low, and there will soon be a huge demand for rental accommodation following the imminent lifting of COVID restrictions.  All in all, that means that right now is the perfect time to make the intelligent decision to invest in Spanish property.

Off-Plan Investment in Spain

Buying off-plan means making the decision to purchase a property before building work has finished. Sometimes, this means that you will commit to buying before construction has even begun, but not always.  Whether it’s almost finished, or not started yet, it’s still technically known as an off-plan purchase.

Purchasing Early Means Lower Prices

As construction progresses, prices will steadily begin to rise.  Units sell much faster when buyers are able to view them.  It’s best to buy your property as soon as possible, during the earlier stages of development when prices are far lower.  Those people who make the decision to invest in a development early will always see the greatest return on that investment.

The first properties to be sold in any given development will always be the best units.  They offer the highest capital appreciation in the shortest time frame, and usually demand the highest rental incomes.  Penthouse apartments are a classic example of this.

Where To Buy Property In Spain

Arguably the best-known part of Spain amongst foreigners, the Costa del Sol has something for everyone.  A solid choice of location for property investment in Spain, it’s one of the most popular relocation spots in Europe, and the right property will give you a generous rental income.

The Costa del Sol has some of the best beaches in Spain, and has plenty of affordable property.  Many of our properties in the Costa del Sol are available off-plan right now.  The sooner you commit to a purchase, the greater the return on your investment will be.

Properties In The Costa del Sol

Benahavis

The community of Benahavis sits slightly inland from the Costa Del Sol coast, between the towns of Marbella and Estepona, and is one of the most sought-after locations for property investment in Spain.

Perfect for peace and quiet, the luxury properties in Benahavis are some of the most exclusive in the Costa del Sol.  Take a look at some of our properties located in Benahavis here.

If you’re quick, you’ll be able to buy them whilst they’re still off-plan, and at the lowest prices.

Estepona

Alternatively, between Marbella and Manilva lies one of the prettiest towns in Spain, Estepona.  Remaining true to its fishing village origins, you will fall in love with the white-washed houses, colourful geraniums and traditional Spanish seafront promenade.  Check out the beautiful properties located in Estepona here, most of which are available off-plan.

To talk to us about any of our properties in Spain, give us a call on 03333 034 767 or send us a message.