Spain has now been recorded to be the sixth
biggest real estate investment market worldwide.
Property for sale in Costa del Sol and the overall real estate market in
Spain has now become the sixth biggest worldwide with regards to sales volumes confirmed
by CBRE consultancy company annual data.
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| Spain |
The real
estate market in Spain came in 16th in 2013 and 11th in
2014 but has risen to 6th place last year due to the remarkable sale
growth of 2015 and has been seen in many other regions of the country.
Spain is
showing a higher interest in property purchases than China, Canada and even
France according to figures, this has begun bringing high investment companies
like George Soros a leading US billionaire to look into the commercial sector
in Spain.
The CBRE
predicted that the Spanish property market in 2015 was to have a total
investment of up to €13 billion, this would surpass the Spanish record of 2007
which was €10 billion just before the market crash took place.
Due to the
much needed transparency and changes made to Spain’s real estate market, this
has made for a much healthier sector and has deflected any unethical investors
who affected the property market with artificial price inflation.
Within the
residential property market, the rise in prices have been steadily increasing
in the right way, this reflects on the sector that value for money and reduced properties in the Costa del
Sol that are
available shows when purchasers can make a good investment when buying good
quality properties in the highly sought out areas of the world.
CBRE have
said that the Spanish market is one of the places that property purchases will
give investors a good return on rental income and also through capital gains making
it more profitable than the real estate sector in the UK for example.
Confidence
is flooding back to the Spanish market especially buying property in the Costa del Sol, CBRE data show that some of Spain’s
capital is now making its way to overseas real estate with figures showing that
half of last year reached €1.3 billion – showing a bigger investment overseas
than richer countries such as Japan and Norway.
