|Costa del Sol has such appeal and continues to be in demand|
It’s all too easy to focus on the incredible lifestyle attractions that entice people looking for a second home or an overseas property to Spain.
The incredible climate of the country, not to mention the stunning cities, superb beaches (and beach resorts), and varied terrain make imagining your new life in Spain about as easy as achieving it. With all the cheap flights and property choices, it’s no wonder that thousands of Europeans have turned their dream Spanish homes into a reality.
The wealth of variety and the value-for-money of Spanish property mean the market has become a hotbed for more serious investors; the kind of people that want to put their money in a safe place and get sensible returns.
The UK was the chosen destination for career investors interested in parking their wealth in property investments for quite some. The uncertainty of the Brexit has begun to unravel the reputation the country has for being a stable safe haven however, and the property markets in Spain and Germany are starting to draw attention.
According to a Knight Frank poll of 148 of the leading real estate investors controlling over £300 billion of real estate assets, 20% of the surveyed investors view Spain as their preferred market for investment in 2018, second to Germany. Only 12% of investors said that the UK would be their property investment destination of choice in 2017, down from the 27% for this year.
The investors were mostly concerned about the lack of available stock and the unrealistic prices in the UK.
By contrast, Spain has a rising demand for home, officespace, retail, and leisure facilities that make the residential and commercial markets particularly strong. The prices are also a fair reflection of the market value of properties. Because of the resurgent Spanish economy there is sure to be an increased demand for industrial and office space as time passes, according to the investors.