FAIRDEALINVESTMENTS - Make sure your new property in Spain is a Fair Deal |
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Investment Property:
Property Spain:While there is the prospect of further slowdown in the rate of growth, the Spanish property market offers real potential for ongoing returns. Investors benefit from extensive historical data on this well-established marketplace when making investment decisions. Should any price fluctuation occur, investors who retain their property through a period of slowdown can still realize on their investment, when price growth resumes.Property News Spain
by editor 20 Aug 2008 at 7:22am The massive gains in Spanish property value over the last decade were of course unsustainable and if you buy property in Spain right at the moment, it may be a few years before you see any form of growth in terms of the property?s intrinsic value. With ... by editor 15 Aug 2008 at 11:48am The Spanish economy, the fourth-biggest in the eurozone, has been slowing down as the impact of an abrupt end of a decade-long property boom in Spain, due to rising interest rates and the international credit crunch, spreads to other sectors. The govern... by editor 15 Aug 2008 at 7:59am Given the worsening economic climate in Spain, which will result in lower tax revenue, the Economist Intelligence Unit expects to see a significant deterioration in the government accounts from a surplus to a deficit over the forecast period. The Econom... |
spain -> property investment Property Spain - A Low Risk Long Term Investment MarketDespite the recent slowdown in the global property investment market, the Spanish housing market can still offer significant benefits to investors. However, caution and strict due diligence is required. In less developed areas the Spanish property market is still buoyant. The political and economic stability combined with a buoyant tourist industry puts Spain firmly on the top of the the list as an ideal, safe overseas (albeit a long term) property investment location.
An Established Tourist MarketSpain is hugely popular with tourists, ranking second in the world in both tourist visits (behind France) and in volume of sales, in which it is outdone only by the USA. (Source: Euromonitor International, Travel and Tourism in Spain). The popularity of Spain as a tourist destination continues to grow; the number of visitors increased by 4.5% in 2006 to 58.5 million, according to the FRONTUR Survey, Ministry for Industry, Tourism and Trade, with a further rise to 59.3 million in 2007, according to figures from the World Economic Forum. The Travel and Tourism Index now ranks Spain at 15 in the world, rising 13 places from its previous position at 28 in 2006, as visitor numbers rose by 0.7% in December 2007 to over 2.2 million, according to the Ministry of Tourism. As visitor numbers increase, revenue from tourism also rises; for 2006 as a whole tourist spending rose 4.7% from the previous year generating €8 million. A Mature Property MarketThe Spanish real estate market has seen sustained growth since 1993, with significant rises from 2001 to 2004. Prices continue to rise, but with a slower growth rate - 15% in 2006 and 21% in 2007 compared to 2005 prices. While there is the prospect of further slowdown in the rate of growth, the Spanish market offers real potential for ongoing returns. Investors benefit from extensive historical data on this well-established marketplace when making investment decisions. Should any price fluctuation occur, investors who retain their property through a period of slowdown can still realize on their investment, when price growth resumes. Buy to Let Property in SpainThe buy-to-let market is very popular, driven by the increasing demand for holiday accommodation, especially in summer. With low-cost airlines delivering holidaymakers from the UK and Europe to the main Spanish resorts, investors can hope to secure good yields from rental properties. With the growing tourism industry in Spain and low costs direct flights from the UK and other European countries, Spain provides interesting buy to let investment opportunities Property Hot Spots in SpainMajor Spanish real estate and holiday rental hotspots are located on the Spanish Costas, the Canaries and the Balearic Islands. These remain popular choices for seasoned holidaymakers and retirees not looking to make high capital returns in the short term; however, an emerging sense of adventure is driving many buyers' interest further inland, creating new mini-emerging markets in easily accessible rural locations. Fair Deal Investment Property SpainConfidence in the Spanish property market has been somewhat dented by the wave of bad press, particularly in Costa hotspots and with interest rates creeping up, the property market has now slowed down from its former period of record-breaking sales. It will take time for the market to restore, but despite this, prices have nevertheless continued to hold and, in many cases, have risen further. A number of reports, including one by specialist valuations firm, Sociedad de Tasación, have announced that average property prices in Spain increased by some 6.3% in the first half of 2006. Global Property Investment NetworkOur Global Property Investment Network is highly regarded for sourcing carefully selected Spain property investments. In addition, our clients have access to advice and research on investment properties in Spain from our product experts. Our mission is to identify the most lucrative opportunities currently available in Spain and tailor them to your property investment requirements. Our investment property researchers are constantly monitoring the investment property market in Spain and are in regular contact with developers and promoters not only in Spain but across the world. Property Spain: Due Diligence
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