Buy a property in Spain: 5 reasons
Buying a property in Spain is not just an opportunity for foreign investors, particularly citizens of the CIS countries, to increase their capital. What else encourages foreigners to buy a property in Spain? Below, we detail the main reasons for the purchase property in Spain by foreigners. The first reason to buy a house in Spain is the price. Foreigners are attracted by the quality / price ratio in the property market in Spain: the property price in Spain is € 1,600 on average. In contrast, in Moscow this figure is € 2,250, and in London € 4,686. The second reason to buy a house in Spain is the possibility of receiving stable rental income. With an adequate investment in property in Spain, the potential of your renting may be very high. In the southern regions, the high rental demand is maintained throughout the year. In the northeastern zone, in the summer months, the rental prices are as high as possible, which allows the owners to recover all the maintenance expenses of the property in Spain during the year, and thus obtain profits. Another reason to buy a home in Spain is the constant price increase. Despite the fact that property prices in Spain have not yet reached the level of before the crisis, the growth rate is 3-8% per annum, according to sources in the real estate sector. The favorable Mediterranean weather is another reason to buy a house in Spain. Regarding the Costa Blanca, Torrevieja stands out for its salt lakes, which create a special microclimate, favorable for people suffering from respiratory diseases. In general, homeowners on the Costa Blanca in Spain, can enjoy 320 days of sunshine per year. Gastronomy and quality of life is one of the most frequent reasons to buy a house in Spain for foreigners. The Mediterranean diet is very healthy and stands out for its diversity. The possibility of enjoying ripe fruits and vegetables throughout the year is one of the most appreciated benefits by residents of northern countries. In summary, food, climate, high level of services and education allow you to enjoy life, and motivate foreign citizens to buy a property in Spain.