Property in Spain Investment
It’s a sellers’ market right now

Currently, the Spanish property market is very buoyant with demand exceeding supply in some areas and research suggests this will continue until 2008 at least. Property prices rose at least 18% in 2002 according to official EU statistics, but as these covered the whole of Spain, it is clearly higher in the popular Costas and Mallorca
.
More people are buying property as an investment in key areas such as Costa del Sol, Costa Almeria and Costa Blanca, where they know that they will get a secure return on their capital. There are investment opportunities for buy to rent, buy to sell properties and carefully selected land where a favourable planning decision can almost double prices.

Spain enjoys a continuous and stable property demand, property owners are offered favourable tax incentives and the purchase and running costs are not as high as those in the UK and other northern European countries.

It is clear that long-term security comes from making focussed investments for the future, and for this you need the best available advice in the market, such as provided by the Property in Spain Investment Network.

The Spanish real estate market has now shifted from a buyer’s to a seller’s market. The "sold out" signs are on many high-class luxury complexes and even more rural developments in the Vega Baja, Costa Blanca.

Property developers are building to order and selling off plan, as that is often the best way to secure an early purchase. Buyers are prepared to wait up to 24 months for delivery where they insist on having particular floors or certain views.
Mortgages are freely available on the lowest interest rates for 40 years. Non residents can obtain up to a 80% mortgage with very little difficulty and residents even more. Some of the larger developers are now offering easy stage payments and easy mortgages of up to 80% over 15 years.

More developers are happy to work with Property in Spain and offer Offplan Low Deposit Purchase deals where only £20,000 or less is required as a one-off payment during the construction period. Built-in mortgages often available for the balance of the purchase price.

UK contact number 0870 837 0034