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investment property home / investment property How to find the investment property that's right for you
» Investment property in Spain
» Holiday Property in Spain » Retirement property in Spain » Developments in Spain If you are considering buying a property in Spain as an investment, you should think carefully and do your research before you make your move. Spanish interest rates are regarded as low and yet despite this, property prices have seen falls in certain areas. However, if one considers the longer term outlook as predicted by Spain’s main airports, they are expecting a sharp increase in traffic over the next few years. Many people believe that the current rate of development will not be able to keep pace with the increased demand for private and holiday accommodation. Some say that this is bound to result in a rise in house prices though others, particularly those in the financial service sector are being less bullish over predictions of growth in property prices. That said, prices are still relatively cheap when compared to other European markets and where else would you get as much sun, sea and Sangria? Facts and figures for property investors It’s impossible to predict exactly what return you’ll get from any investment you make but below are samples of historical reports from various reliable sources.
Before you decide on what you want to buy, take the time to do some research. Clearly, if you’re planning on earning an immediate income from your investment you should look for an existing property (commonly referred to as a resale property) in an area frequented by holidaymakers. Take a look at the rental market, get a feel for how much you can rent your villa or apartment for. Don’t forget to factor in other costs such as maintenance and management charges (someone will have to look after the property in your absence) and remember that property with pools that are close to the beach will yield higher rental incomes. Buying a run down place for renovation has the advantage that you can improve the property in ways that will specifically attract holidaymakers. It’s a good way of adding value to your property, but be aware that getting building work done in Spain can take longer than you would prefer. Off-plan investments and buy-to-sell properties Another popular option is to buy off-plan. This is where a developer decides to build a number of properties on a large plot and needs to sell them before they have been built to fund the development. The advantage here is that you can secure the property by paying a deposit and then a percentage (usually around 30%) of the purchase price. Benefits at a glance
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