Great Prices and Supply Make Spain a Major Real Estate Investment Destination

Costa del Sol has such appeal and continues to be in demand 

Great Prices and Supply Make Spain a Major Real Estate Investment Destination

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.

Dubai Firm Set to Make Major Investments in Spanish Property Market

Dubai Firm Set to Make Major Investments in Spanish Property Market

Investment is arriving from all corners of the world

It wasn’t all that long ago when thinking of Dubai made you think of a futuristic metropol

is, coming forth from the desert and offering affordable, luxurious property to all those who could take a trip to the UAE.

Times have certainly changed. What used to be considered the main rival for Spain in terms of investment property has now become little more than a shadow of what it once was – at least as far as expats are concerned.

Dubai was more reckless than even Spain during the property wave that peaked at the turn of the millennium, and the crash of that wave was much more spectacular. There are entire sections of the city that remain undeveloped as thousands of people lost their credit.

Dubai still retained its appeal to people with their own capital though, and the Emirates is managing to recover quite well these days. It might be a while yet before it starts rivalling the real estate recovery of Spain, but there is always opportunity whenever there is money – and Dubai certainly has money.

The opportunity appears to lie in Spain. Dubai-based holding company Imperio Group announced this week that they plan to invest €50 million in the Spanish real estate market through 2017, and are likely to invest even more in 2018.

The group has a penchant for investing in old properties and renovating them, and they’ve found an ample hunting ground in Barcelona. They spent €6.5 million this month alone investing in the Vinçon Building on Pau Claris street.

The Vinçon building overlooks La Pedrea and Imperio Group have plans to create a range of luxurious dwellings within the building.

Imperio is looking to create 19 apartments within the Eixample district which, if you’ll pardon the pun, is another fine example of the appeal Barcelona has to foreigners.

If you’re a regular reader then you won’t be that surprised to learn about the Emirates investing in northern and southern Spain, but there’s a bigger picture you might be missing. Given that US heavyweight Lone Star has announced plans to invest in Spanish property, and all of the good news streaming in from the real estate sector during the last two years, there is plenty of reason to celebrate that wealthy Dubai investors are now joining the investment bonanza. It’s also something that would have seemed impossible a decade ago.