Spain is a beautiful and attractive country with mountain chains and high plateaus. Spanish music, art, architecture and cuisine have always attracted foreigners to either choose Spain as holiday destinations or rather settle post retirement.
When it comes to property ownership in Spain, a huge drift is seen in the property market over the years. The property cost has seen a fall down in some years and has become a preferable place for investors to invest their money with a long term profit vision. If we go by today’s market position people are not very sure to invest in Spain property as the survey conducted submitted a report which highlighted that the property cost will become half of its present value in the coming seven years .
The location being preferred by investors
There are two locations these are Barcelona and Costa del Sol which are highly being preferred by the investors as well as people looking to buy a second home or those who are planning to buy a holiday home.
Among all the cities in Spain, Barcelona is an attractive and has an accurate size as well as a wonderful climate due to its closeness to mountains and beaches. This is a safer city according to the residents of Barcelona. Barcelona is well connected to other cities, due to its efficient rail, road and air transport.
Costa de Sol is another highly preferred location to buy a property mainly by the investors with long term profit goals. They are more inclined towards building holiday residence, as the old structure no more attract tourist due to low maintenance. Mainly those who wish to settle after their retirement or wish to have a holiday home are more interested to invest in the property of Costa de Sol.
Spain is highly being preferred by the all the national as well as international clients.
Economic Crises – due to high economic crises in Spain, it led to the down fall in the prices in the property market, and hence has drawn the attention of foreign investors, to invest in Spanish properties.
- Flexible Policy Of Government – Government have amended many policies to make it easy for the foreign investors to invest in Spain, this has not only attracted many outsiders towards Spain but also have highly influenced the property market.
- Golden Visa – The government has taken a huge step to raise its economy and attract investors to its country by introducing the policy of “Golden Visa”. When a person highly invest in property of Spain or in any kind help to raise the economic condition of Spain they are provided Golden Visa, with this visa one need not require work permit to carry out their work in Spain as well as have legal permit to permanently stay in Spain and further claim for citizenship .