Spain has always been one of the most popular holiday destinations for those looking to travel outside of the UK, and many people even have a dream of purchasing Spanish property eventually, too.
Hundreds of people choose to relocate to Spain permanently each year. Over 300,000 Brits currently live in Spain, with one-third of them retirees. Brexit certainly hasn’t put people off buying, and 2018 is actually a great time to buy your dream Spanish property.
The process of moving within Europe is still easy to complete, and there are many other benefits, so if you’re thinking of going for it, now is a good time to take the leap.
Why should you consider buying your dream Spanish property now? Read on to find out…
Making An Investment
As we mentioned, the property prices in Spain have been recovering since 2008. Property prices fell, on average 30% between 2008 and 2014, but are increasing once again. This means Spain is again a good investment for foreign property buyers. Many of the properties are still good value for money when compared to buying in the UK.
Of course, some areas will make a better investment than others. Areas like Barcelona and Ibiza recovered so quickly that it may be difficult to find a bargain there. However, areas around the Costa del Sol and Mijas, in particular, are now throwing up some deals that just cannot be missed.
The Banks Are Lending Again
It used to be difficult to get a mortgage in Spain back in 2008 when the recession was in full swing. A more relaxed approach is now in place and they are lending once more. Base rates continue to fall in the Eurozone, and they currently sit at an all-time low. Mortgage rates in Spain are now cheaper than ever.
Low Interest Rates
Over the last year, interest rates had been going up. However, recently the current market situation has allowed for lower interest rates. This makes it an ideal time to take advantage of lower monthly payments.
An Improved Standard
Along with market recovery, many have noticed an improved standard of professionalism, as well as quality new developments in Spain. There’s also a good opportunity for renting returns. With a stable Government, economic growth, and safe streets, Spain looks like a smart choice.
People who are already searching for their dream Spanish property can’t deny the superior quality on offer. Buyers are finally receiving a broad choice of top end properties with an incredible range of luxury features, prices, and locations. Just browse through our properties in Mijas page to see some of the bargains on offer!
Right now, Spain is very much a buyers market. It makes a lot of sense to invest in your dream home now, while the market is in the early stages of recovery, and stable. You will benefit longer term from the increase in value and are unlikely to find yourself priced out of the market in the later stages.
You’ll have the opportunity for long-term financial gains when you choose to buy your Spanish property in 2018. For more information on the market conditions, as well as to discuss some of the fantastic properties we have on offer, call us now on (+34) 95 247 78 54.