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would yolu like to buy property in Spain? Andalucia is the 'Sunshine state of Spain
http://janusygill.blogspot.com/2011/12/two-for-one.html
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Although this year (2007) has seen a general slowdown in the overseas property market and
especially within the Spanish property sector it still seems that Spain accounts for almost half of
the property searches conducted on most of the popular property portals. With an ever increasing
number of visitors and second-home investors from all around the world looking at the Spanish
property market Spain will never fall out of the popularity charts.
The country has always attracted millions of visitors every year due to its inviting climate and year
round sunshine. Spain has some picturesque locales that have lured visitors to explore more of
the country on every visit. Additionally, the country has a rich culture and tradition, which is
uniquely popular around the globe. Resultantly, a constantly rising demand for every kind of
investment property in Spain is evident!
Spain an Investment Opportunity
Spain has been offering excellent property investments opportunities for over 3 decades with
foreign investors, particularly the British, finding the Spanish property market immensely lucrative
from the investment point of view. Spain is a popular second home destination among Europeans
and if you are conversant in Spanish, there is really no better place to invest your hard-earned
cash than Spain. You'll experience some of the best facilities and high standards of living in Spain,
which is an important factor as far as second home buyers are concerned. An estimated half
million Europeans have already bought a property in Spain over the past 5 years!
The country's varied geographical regions have played a quintessential role in determining the
future of investment property in Spain. The southern part of the country including the Costas has a
vast coastline that offers some of the best beaches in the Mediterranean. The region is particularly
acknowledged for its year round sunshine, which has always proved a magnetic for the British.
The snow-capped Pyrenees has been another attraction for visitors keen on the skiing
opportunities on offer in Spain. The region bordering Spain and France is a visual delight with
rivers, mountains, water-features and forests occupying the attention of onlookers.
Spanish cultural heritage is apparent from its famous food, opera, literature, and Spanish
architecture? Spain is well connected with regular cheap flights to and from the country and to and
from prominent cities around the world, this makes Spain easy to reach, affordable and quite
different from its neighbouring countries.
Spain is also one of the relatively less expensive countries of Europe. This makes the world-class
living and working conditions of Spain even more lucrative for anyone looking to relocate to Spain.
2. Post-1975, Spain has been a successful and thriving democracy with a stable government at the
helm, which is committed to attracting all kinds of investments - foreign and domestic - within the
country. The plan is to build a culturally rich Spain with a modernistic outlook.
All this makes Spain a perfect spot for a holiday property investment as well as a second home
destination.
Types of Investment Property In Spain
Spain offers a range of properties, including farmhouses, fincas, traditional houses, mansions,
apartments, beachfront properties, villas and golf properties in Spain. The best part is that
currently, the real estate market is in a twilight stage, where the prices are neither too low nor too
high. An astute investor can easily strike a handsome bargain in Spanish property. According to
rough estimates, the average price per square metre in Spain is still about 20-50% below the UK.
Besides the regular constructions, it's the resort properties that are currently occupying the top of
the charts as far as the Spanish real estate sector is concerned. The Polaris World Golf Resorts
are, particularly, among the top-notch choices for domestic and overseas investors. You can lay
your hands on a Polaris World Golf Suite for as little as £57K.
Obviously, you have to spend a larger sum if your requirements are for a bigger property. For
instance, apartments in the golf resort of Desert Springs in Almeria commands a £103K+
price range. Similarly, apartments on the Costa del Sol can fetch upwards of £150K.
The hottest places to invest in Spain include Costa del Sol, Costa Blanca, Costa Brava, Majorca -
or Mallorca as its spelled Menorca, Tenerife, Andalucia, Costa Tropical, and the Murcia region
(including the Mar Menor lagoon, the Costa Calida and Murcia city).
If you are put off by commanding prices of expensive Spanish property, there is a mortgage option
available too. You can easily approach one of the over two hundred local banks that offer different
loan options and available mortgage loans to the tune of 70% of the property value under Spanish
laws subject to the fulfilment of certain terms and conditions. Barclays Bank in the UK also offer
mortgages for property in Spain - see our mortgage page for further details and free information
pack on getting mortgages in Spain.
Don't forget to hire a local solicitor or lawyer or a good real estate agent in Spain order to facilitate
the smooth property transfer transaction. Since Spanish is the main language in the country, you
may find yourself at a loss trying to decipher the official rigmarole. Therefore, it is always
considered vital to hire a local aide in a country where English is a second or third language.
Property Abroad's director Les Calvert writes interesting and useful articles on all subjects dealing
with investment property abroad and buying property abroad. Check out their property for sale in
Spain as well as their Spanish mortgages and news articles on Spain and Polaris World
properties.