Spain’s Real Estate Market benefits from BREXIT h2>
28.8.17, CH: The Spanish real estate sector is currently receiving protection from the unexpected side. The advancing BREXIT makes many investors currently looking for alternatives to real estate investments in the British Islands. Spain has already recovered well since the economic crisis and real estate prices have again reached stable positions. The booming tourism on the Iberian Peninsula also makes Spain a welcome investment destination for real estate investors.
In addition to office properties and retail space, the focus is on hotels and similar properties. Many investors are investing in the Spanish real estate market through REITS and / or shares. The development of the fact that funds are being withdrawn from the British real estate market and invested in the Spanish real estate will lead to a further growth in Spain’s real estate sector. Even the record numbers of tourists in recent years and the associated upswing in the country’s economy have also stabilized the situation on the property market and ensured growth. This additional impulse will lead to a further upswing.
The development on the large scale also has an impact on smaller investors. Many Europeans want to create a second home in the warm South, for example on the Costa Blanca. In many regions of Spain, a good time could now be a good time to secure a holiday home or a holiday apartment at a good price-performance ratio, or to profit from the expected rise in value in the future. In some regions, particularly in the Spanish islands, house prices have already reached high levels again. In some locations like in the tranquil fishing villages like Altea on the Costa Blanca, you can still find one or the other bargains that attract attractive conditions. For many real estate buyers, the fact that vacation properties in the Spanish sunshine region are also well let if they are not used for their own account. In this way, the investment over time again pays for itself.