Property and Land
For a long time, real estate has been one of the most popular and profitable tangible investments. All over the world, people make money from property, by buying land and selling it on to developers for a profit, renting out land and property and investing in companies that manage real estate. They can also be an excellent thing to have if you are thinking about retirement prospects or for your children’s financial future. Wherever you are, you can usually find a good market to put your money into, especially if you are prepared to look overseas.
The Spanish housing markets. On average property prices fell by 30% between 2008 and 2014, but are on the increase once again making Spanish property a good investment.
However, despite the rising prices, it is still very good value for money when compared to buying property in the UK.
The Time Is Now.
Spain has always been a favorite destination for UK sun seekers, be that for an annual holiday in the sun or for more long-term plans involving a move to the country. It is no wonder that after many years of holidaying in Spain hundreds of people choose to relocate there permanently each year. With a current population of over 300,000 Brits residing in Spain, one-third of them retirees, 2018 looks set to be yet another good year to move to Spain.
Spain’s current property market is also another good reason for buying a home there. Despite the impact that the Brexit vote had on the value of the pound, property sales in Spain have actually increased by nearly 20% in the past year according to figures released by the Institute for Statistics (INE). This demonstrates that the popularity and draw of Spain has remained very strong and it will take a lot more than a little political uncertainty to deter buyers.
Another advantage to making a move to Spain this year is that the process of moving within Europe is still easy to complete. We are not sure yet exactly how things will work after the Brexit date of 29th March 2019, and this is worth bearing in mind if you are definitely planning a move to Spain. It could be worth bringing your plans forward so your move falls before this cut-off date. Although moving will likely still be relatively easy during the two-year transition, beyond this, there are far more uncertainties.
But the property market in Spain will bloom again. A sure as eggs is eggs.