1. Low Prices
After the 2008 recession, refer to here as “la Crisis” Spanish real estate took a significant tumble. According to many indicators however, that fall is now over. Property price increases are apparent in big cities like Madrid and Barcelona and that trend is now starting to spill over into coastal towns and seaside resorts.
Spain has experience modest economic recovery since 2013, increasing year on year. And despite an uncertain political landscape has enjoyed stable growth of 0.8% during that last four quarters. That’s 3.2% in a year. While this may not seem significant, they are some of the best figures in the Eurozone beating France, Germany and even the USA.* *Source Forbes
Spain is one of the most popular tourist destinations in the world. 2014 saw 65 million holiday makers descend upon Spain whilst investment in the hospitality industry was estimated at over €1 billion for the same year.
4. Strong potential for price increases
Whilst other markets such as Germany and the UK are already reaching maximum levels, Spain still has plenty of room for increases in both rentals and sales. This puts it in an ideal position for investors.
5. Undervalued housing
According to the Organisation for Economic Development (OECD), Spanish property can be as much as 26% undervalued. This is largely due to current oversupply, however demand is still very high in the most sought after locations.
6. Value for money
You get a lot of bang for your buck in Spain. Food, transport, housing, and services are all very reasonably priced. Also, good for business, labour in Spain is 25 % cheaper than in the rest of the Eurozone.
7. Excellent geographical location
The door to Africa and the Americas, and gateway to the Mediterranean. Spain is in a very privileged location. It’s also a member of the EU. In a globalized economy, geographical location plays an important role in business. At this level, Spain is one of the best places in the world to invest.
8. Quality of life
Spain is consistently rated by foreign residents as having the best quality of life in Europe. Aside from the weather. Spain has one of the best healthcare systems in the world, a rich cultural history, great food and over 8000km of coast and great beaches.
9. Buy at the bottom of the market.
Prices are low and there are robust indications of strong economic recovery. What more could you want?
10. Automatic residency for homebuyers
Spend 500,000 on a home in Spain and you’ll get automatic two year renewable residency for you and your family.