Spain Investment: Economy
In Spain, buying property means taking the country's economy into careful consideration and those planning Spain land and property investment will find promising statistics. Although Spain is currently experiencing an economic slowdown, GDP increases over the last 10 years have exceeded those in the eurozone and have surpassed countries such as France, Germany and the UK.
Spain property and land investment is further enhanced by strong inward investment and numerous multinational companies are relocating to the Spanish cities of Barcelona and Madrid. Spain currently ranks as the world's 9th largest recipient of foreign investment, which reached record levels in 2007. Buying Spanish property is undoubtedly benefited by these positive figures, which promise a strong future for Spanish property investment.
Spain Investment: Tourism Potential
Spain is the world's 2nd largest tourist destination. With nearly 60 million visitors in 2007 - many of whom rented Spanish homes - Spain's tourism figures have shown steady annual increases. This combined with the government plan, Turismo 2020, should ensure that this trend is set to continue. Massive government and EU investment in infrastructure including airports, high-speed trains and motorways have facilitated tourist access to the country and improved the potential for property investment in Spain.
Spain Investment: Property Prices
For those looking at Spain, buying property in the current climate will find slower growth than in previous years, but a look at the recent history of Spain real estate shows huge price increases. In the last 10 years, Spanish properties saw prices grow by 190%. Building in Spain, particularly off-plan Spain construction has been intense in recent years and has helped meet the demand for holiday and permanent accommodation from those relocating or retiring to their Spanish homes. Property investment in Spain continues to promise potential for ongoing capital returns.
For more information, click here for the Spain Land and Property Investment Guide.
