Property investment in Spain
In past years investment in a villa or apartment on Costa del Sol in Spain has been a very rewarding property investment.
Due to the financial crisis the property market in Southern Spain has been hit badly. Prices have been reduced with 30% in general, and some properties are being sold even cheaper. Especially if the owner has come into financial difficulties.
Nobody knows to buy a property for investment at the lowest point in time. Only the next 3 - 5 years will tell if the investment could have been timed more optimal.
Invest in Spanish property now?
Prices are lower than what has been seen for many years, and many property owners have stopped reducing the prices.
Spain is still a good place to invest
50+ million tourists visited Spain last year
No. 2 most popular holiday destination in the world
300+ days of sun = long rental season
Popular destination for winter golfers
Demand from all over Europe, EU expanding
Personal use when not rented
Contemporary villas for sale in Southern Spain are quite often built in the last few years by the owners who have wanted to live in a contemporary villa rather than typical Spanish style villa
There are many cheap flights to Malaga from UK and Ireland. Use this list to plan a cheap inspection visit to Costa del Sol, Spain.
Gazules del Sol is now considered a bargain in Spain. Apartments are now selling at about 50% of the original price
Investment in real estate such as a villa or apartment in Spain on Costa del Sol can give a high return.
We recommend that you get legal advice when you buy a villa or apartment in Spain to ensure you get the correct legal advice when buying property
A total of 12,046,283 passengers passed through Malaga Airport during 2004, which was 4.1% more than 2003.
Malaga Airport registered 116,031 operations.
Not content with a house price boom of their own, thousands of Britons each year are taking advantage of rising property prices in the UK to fuel a property boom in Europe according to research conducted by Barclays.
Andalucia rose 15.9% in 2003.