Visitors to Spain Enjoy Best Value for Food and Drinks in The World!

Travellers to Spain will enjoy some of the lowest food prices in the world, according to a new survey.

Orange Square Marbella old town

The Post Office Travel Money report visited 46 different destinations across the world and rated Spain as the fourth-best value for food when the meal cost €47.30. The shopping basket in question contained a bottle of beer, a can of Coke, a glass of wine, mineral water, suncream, a packet of Marlboro cigarettes and a three-course meal for two including house wine.

A cup of coffee costs on average €1.27 in Costa del Sol, with the local beer costing around €2.13.

The gap in prices between Spain and the actual cheapest destination has risen from €1.32 last year to the far higher figure of over €7.90.

In all, the local cuisine in Spain is of the highest quality and with the prices and cost of living in Spain being so low, no wonder more and more holiday makers and lifestyle buyers are choosing Spain and the Costa del Sol there choice of holiday and home destination.

People just don't realise that living in the Costa del Sol really is so much cheaper than living in northern Europe by nearly one third cheaper which is extraordinary? The life expectancy is higher and with an average temperature of 20C all year around and a family orientated culture with the wonderful Mediterranean lifestyle Spain brings and only a few million inhabitants in the whole region, and central Europe only a short flight away, more and more British and northern Europeans are looking at southern Spain and the Costa del Sol to buy property for either a holiday home or a permanent lifestyle choice.
Buy a Spanish home and move to the Costa del Sol because life really is better in flip flops.

Report on Spanish homes for sale in the Costa del Sol that offer the best value in Europe.

Map of southern Spain

Report on Spanish homes for sale in the Costa del Sol that offer the best value in Europe.

Another system of measuring property valuation conceived by the Organization for Economic Development (OECD) has devised research that Spanish homes show some of the best value for money in Europe.

Taking into account over 10 years of analysis, the OECD has mapped out house costs in a large number of the world's most developed economic nations against the average wage, and studied this data along a long term projection.

Its research uncover that Spanish property is really underestimated when incomes are taken into account– purchasing a home in Spain not only financially viable for the normal Spanish national, as well as remarkably great value for money for British coming over with strong Sterling and a high salary.

The OECD study did set a score of 100 as the 'average'. A score of 110 does imply that property in that location is at present over-priced by 10% against its long term average.

Spain currently has a price income score of only 74, implying that homes in Spain are as of now 74% of price average over long term. It states that homes in Spain are "under the valued price" by 26%. Considering that the current score within the UK is 107, is shows that good value for money is achieved as standard in the Spanish property market.

Another country in Europe, Hungary has a score of 83 – is also close to Spain´s score, with most other countries achieving either the mid-90s or 100´s above.

Spain's real estate sector is vary varied, and properties in the more famous areas for example, the  Property for sale in Marbella Costa del Sol would likely score more like 100, yet the OECD research took into account national predictive trends over a 10 year period.

Also, the property sector has started to take note. Spain's financial improvement in the previous 15 months, fortified by solid economies in northern Europe, have enticed purchasers back to its property market, and 2016 is projected to be an exceptionally solid year for the sector.

Besides, when new tax laws are put into effect in the UK in April, Spanish real estate will have an even bigger appeal. From April 1st, second homes purchased in the UK will be liable to an extra 3% stamp duty on the purchase price, yet this duty applies only to British property, not homes purchased in Spain.

So, if you are a British national and have UK savings, you could be enticed to look to secure your financial future with an astute property investment, there truly is not a more discerning property market in Europe than Spain at this current moment– and the research demonstrates it, concluding that Spain and the Costa del Sol is a great place to buy property.