Since 1994, Spain has been the number one choice for holidays abroad, attracting 13,864,000 tourists in 2005 alone. Spain however is not only our favourite destination for sun, sea and sangria; new government figures have revealed that Spain is still dominant in the buy-to-let market. Investment property in Spain, despite strong competition from emerging European markets such as Bulgaria, Hungary and Romania is still the No1 choice.
According to the Office of National Statistics, over £6 billion has been invested in Spanish property, accounting for 27% of British foreign investments. This mature property market has its advantages over relative newcomers offering low interest rates, a range of mortgage products and sustained growth.
Property investment in Spain is set to continue for many years in regions such as Murcia and Almeria. An investment property in Spain (Murcia region) is our most highly reccommended choice.
It seems therefore that our old friend Spain still has a number of hidden gems to explore and invest in. The potential to profit from property in this country is as good as any other within Europe and maybe we should think twice before ruling out our favourite holiday destination.
If you would like to know more about property investment in Spain, our experts can provide details on the most highly reccommended investment property in Spain. We also keep an eye on emerging markets such as Romania, Poland and Mexico and will be more than pleased to supply the latest market analysis by post or email at your request. |
