Why Invest in Property in Spain?
Being so accessible to Ireland and the UK, and with an excellent climate and lifestyle, its easy to see why thousands of people buy property in Spain each year. Being a stable country both politically and economically, buying in Spain is a safe long term investment which can offer you high capital appreciation and good rental yields for overseas investors. With prices as low as €150k for a 2 bed apt on a luxury golf development near to the sea, buying property in Spain is more affordable than one might think! An excellent place to buy abroad for both lifestyle and investment purposes.
- Spain 5th economic power in Europe today with a strong internal market - GDP growth of 3.5% approx
- Best performing country in Eurozone last year
- Low interest rates which in turn means a strong and competitive mortgage market offering up to 80% mortgage at similar rates to Ireland
- Politically and economically stable
- Good capital appreciation especially in new emerging coasts - national average 12.8% in 2005 but much higher in certain areas
- Rental -good strong rental market in many areas offering high rental yields in many locations.
- There is still good value for money in certain areas.
- History has proven it to be a sensible long term investment
- Easy access with many daily flights from Ireland to most Spanish airports
- Weather, Good Health system, Healthy climate, Great Standard of living
- Great infrastructure
- Improving quality of Tourism Plan
- Familiarity
- Research shows there are 1.38-3.12 Britons who wish to buy in Spain in the next few years up to 2010 (Travelex)
- 80% of the population owns their own home (realtor.org)