Country profile
If you want to better understand how to go about buying a property in the country of your choice, take a look at our country profiles. We have summarised the process for you and identified the latest hotspots for overseas investment
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Hotspots
The Mediterranean coastline has a strong sailing community and no shortage of miles of long sandy beaches. The Costa del Sol seaside town of Marbella offers glamorous nightlife and 24 beaches, set around a medieval town centre. However, the neighbouring province of Costa de la Luz is less developed and so prices are cheaper.
The Costa Blanca stretches across Valencia and is home to many festivals. The coastal town of Benidorm remains popular.
The inland region of Andalucia is becoming increasingly popular amongst buyers attracting those who prefer to avoid the mass tourism of the coastline. Many new developments can boast professionally designed golf courses.
Barcelona is a centre for art and culture where prices are currently rising, so any investment made now will give valuable returns.
Water and golf-front properties on established golf courses remain a reliable investment.
There is a colourful and vibrant energy conjured up by the thought of buying property in Spain. Perhaps it is the twirling skirts of flamenco dancers or the rich variety of tapas spread across the table. Whatever the reason, this sun-splashed country continues to seduce British buyers with its jagged mountains and boundless beaches. For many British investors the choice of location is determined by accessibility, low cost of air fares, the amenable year round climate and the great expat social life and golfing opportunities.The majority of purchases made by the British in the Spanish property market are for long term personal lifestyle enhancement.
In recent years an oversupply of homes in the Spanish property market, together with difficulties arising from contested land ownership, have undoubtedly had an effect on demand for properties. In addition property buyers are becoming more selective in their choice of location, seduced by the concept of huge investment gains which may be more easily achievable in emerging markets.Not to mention the fact that low cost carriers continue to open up more routes in exotic locations for the adventurous investor. These factors have undoubtedly had an effect on demand and on large short term increases to the value of property in Spain.
Nonetheless there is still a range of affordable properties in Spain. If one looks outside the established market of the Costa del Sol , which is having to adjust to price corrections, there is a variety of geographical locations and, unlike emerging property markets, most of the residential property in Spain is "re-sale" as opposed to off plan, which is ideal for those who like to see, feel, and touch what they are buying. Plus there is additionally a great choice in the marketplace: exclusive villas, boutique B&Bs and an abundance of bars.
