Why Invest In Spain?
- Due to a stable economy, low inflation rates, low interest rates and a budget surplus Spain has benefited from substantial economic growth over the past number of years. The county is now the 5th largest economy within the European Union.
- Property prices have doubled over the past five years and there is a significant potential to follow, with research indicating that over one an a half million people are expected to invest in property in Spain over the next five years.
- On average, 150,000 overseas residents invest in Spanish property annually.
- Madrid and Barcelona are both ranked in the top 10 property investment prospects for 2007.
- With over 47 airports and 250 airline carriers operating in and out of Spain the market offers excellent properties, with good accessibility throughout the country.
- Spain is the 2nd most popular holiday destination in the world. Over 50 million tourists visit Spain annually. With more that 300 days of sunshine every year, the country benefits from all year round tourism ensuring excellent rental prospects.
- The future of tourism in Spain looks very strong. Projections estimate year on year growth of 4.1% over the next 10 years. The industry is expected to generate €320.6 billion by 2014.
- One quarter of all British people intend to retire overseas. Spain is the most popular retirement destination.
- Given its wonderful year round climate, reasonable cost of living and accessibility to international destinations, Spain will continue to generate high demand for prime residential property and growing rental returns.
- Commercial retail, leisure and office property in Spain has been identified as a high return investment with increased rental returns.
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The information contained in these pages is, to the best of our knowledge, true and accurate at the time of publication. It is intended solely for information purposes and as such Hegarty Properties accepts no liability for any loss or damage howsoever arising as a result of use of or reliance upon this information, whether authorised or not.
