Spanish property
The British love affair with Spanish property may have lost some of its sparkle over the past year or so, but some qualities continue to shine through – the gorgeous climate, Spanish property is cheaper than in the UK and plenty of fantastic facilities in many of the major resorts. Owning a property in Spain is still an aspiration for a large number of British property buyers.
The archetypal Spain property for those from the UK is probably a villa or apartment close to one of Spain’s fabulous beach resorts. Each region, costa and island has its own distinctive character and there is a huge variety of property for sale in Spain to suit most budgets.
While the rise of the euro has made properties in Spain and the cost of living more expensive, it is still good value compared with property prices at home. Prices of Spanish properties have begun to stagnate recently, which is good news for prospective buyers of Spanish property as sellers discount their asking prices to secure a sale. Investors will see an opportunity to buy property in Spain at a good price in the expectation that in the long term, a high-quality Spanish home in a popular location will make investing in property in Spain a good bet over the coming years.
More intrepid buyers of properties in Spain are looking at other options away from the traditional destinations. The deserted beaches and unspoilt landscapes of Galicia have plenty of properties at very reasonable prices, and busy commercial cities along the northern coast such as Bilbao, Pamplona and Santander are attracting business and tourism, increasing their appeal as property investment areas.
As a lifestyle location, Spain is hard to beat for climate and amenities, and there are countless low-cost flight options from all over the UK. Properties in Spain still offer long-term appeal as a holiday, retirement and investment property.
The Homes Overseas Guide to Buying Property in Spain has advice on the legal and financial aspects of buying Spain property, plus overviews and information on the Spanish property buying process.
Some information contained herein may have changed since it was first published. Homes Overseas strongly advises you to seek current legal and/or financial advise from a qualified professional.