Investing in Spanish real estate: reliable and profitable!

It is no secret that reliable investments should be understood as investing money in long-term projects or real estate. If in the first case there are pitfalls and risks of being left with nothing, then the second direction opens up a number of opportunities from the first day of launch. Experts in the field of long-term investments will say unequivocally that the best investment in life is to buy real estate in Spain from a developer ! This is beneficial not only for personal investment in the future, since the Spanish government is loyal to such entrepreneurship and encourages those who do not spare money. That is, every owner of real estate worth € 500,000 receives a “golden visa” – the opportunity to live on Spanish lands at any time and without restrictions. Golden beaches and blue lagoons – a good future for your retirement age! Also, your investments give you the opportunity to receive real profit today, for example, rent out an apartment in Spain, while you are away.

Investments in Spain are helped by the country's colourful character

The most colorful and interesting country in Western Europe is Spain. It is a unique country. It is located at the so-called geographical crossroads – between the Atlantic, Africa, Europe and the Mediterranean. Its location in the extreme southwestern part of the continent, on the Iberian Peninsula near the Strait of Gibraltar, has been the cause of numerous wars and bloodshed for thousands of years. In addition to the local population, Arabs, French and English fought for this land. Its strategic interest lies in the fact that the main sea routes from Europe to the American coast begin here. From these shores, five centuries ago, Christopher Columbus set out on his round-the-world voyages and discovered America for all of Europe. Here, the famous works of Antonio Gaudi, paintings by Salvador Dali and Picasso, engravings by de Goya were created, the famous lines of the novel "Don Quixote" by Miguel de Cervantes Saavedra were written, the top fashion house Prada was born, as well as many famous people – actors, writers, singers, athletes. At different periods of the formation of the state, Spain passed from hand to hand to different rulers – from Greek colonization to the Romans, from the rule of the barbarians to the Byzantine Empire, from Muslim domination to the complete reconquista. The Bourbons ruled here, there were many revolutions and civil wars. Each new ruler made his contribution to the formation of culture and the development of the country, therefore, among the Spanish landmarks there are many mixed memorable architectures created under the influence of different eras. The evening star Hesperia, as the Greeks called Spain, absorbed all the advantages of the Mediterranean, Moorish features and the originality of the Mudejar style. Most of Spain's geographical borders are water – the Atlantic Ocean and the Mediterranean Sea. The country also owns the world-famous Canary and Balearic Islands. This is a true paradise for recreation, tourism development and buying real estate in Spain! Rich in numerous beaches, Spain is marked with the highest cleanliness marker – the Blue Flag. The summer season here lasts 320 days a year, and in winter, ski resorts in the Sierra Nevada mountains (which means "snow-capped mountains" in Spanish) open for tourists.

What is the investment attractiveness of Spain?

The ninth largest economy in the world

Currently, the Spanish economy occupies a worthy place in the world ranking, and as experts' forecasts show, such growth will continue for a long time. Historically, the Spanish economy was focused on the development of agriculture, but the end of the 50s of the last century was a turning point when the government directed all the country's capacities to the development of industry and began to implement an economic development plan – the privatization of enterprises to increase competition in the market and reduce income tax on profits. Now, in terms of development rates, the Spanish economy is second only to Japan. Its strong point was the affordable cost of labor with a high level of qualification. And the strategy itself went down in history as the "Spanish miracle". Despite the economic crisis in many European countries, the pandemic and various restrictions associated with it, 2021 has become a turning point in the development of real estate in the region. Developers do not stop working on the delivery of objects, and prices for apartments, on the contrary, are growing every time. For example, since the first quarter of the new year, prices for private houses in Spain on the secondary real estate market have increased by 3.2%, and apartments by 0.6%.

The second most attractive country for tourists after France

The shores of the Spanish Mediterranean attract the attention of a large number of tourists, and today occupy the second place in the ranking of the most visited countries in the world. As the latest analytical data show, the development of tourism annually brings about fifty million euros to the country's treasury. The most popular in the summer are Madrid, Barcelona, Catalonia, Valencia and Andalusia, in the winter ski resorts – Sierra Nevada, Baqueira Beret, Espot Esqui, La Molina, etc.

The Canary and Balearic Islands receive over 12 million tourists annually. According to forecasts, the influx of tourists will only grow and by the end of this year they expect a figure of 75 million people per year.

Mild climate and endless recreation according to interests

Dry summers and moderate winters. Modern Spanish coasts are created for relaxation, recovery from serious illnesses and a good time. Everyone who loves active recreation and leads a healthy lifestyle, who loves culture and is interested in history, who loves sightseeing tours, because there is something to see here, who knows the value of quality recreation and who dreams of living in this country, will find themselves here. This is a good place for a family vacation, off-site corporate holidays, and for a honeymoon, nature itself has created an indescribable oasis with numerous hidden bays and deserted beaches. Massive mountain peaks like age-old granite guards protect the coast from cyclones, extending the summer for the whole year. This is 320 days a year of sun, golden sand and carefree relaxation. Anyone who seeks privacy will find it on one of the islands of the Balearic archipelago. For this, there are many offers to rent or buy a villa on the islands of Spain. For those who can't imagine their life without fun and dancing on the beach, welcome to the south-eastern Spanish coast, to the island of Ibiza. This is the most fashionable resort in Europe.

Loyal state policy to attract investment for the development of the country

The development of the tourism sector, reasonable and loyal state policy open up opportunities for the growth of this industry. This is due to the influx of foreign investment into the country for the implementation of various projects and the growth of demand for real estate. Foreign investors prefer to buy real estate in Spain for several reasons:

• for personal long-term stay in the country,
• to obtain a residence permit,
• to generate profit from renting out primary and secondary housing.

The following points attract the attention of investors:

• comparatively low cost of housing on the real estate market among other European countries. The range of prices is quite wide, everyone will find living space to suit their needs and wishes;
• soft and transparent tax policy;
• legal protection of foreign investments and entrepreneurship without any risks;
• the country has a loyal credit system, up to 70% of the cost of housing with a low repayment rate;
• it is possible to obtain a mortgage on real estate. The term of the mortgage loan is from 10 to 30 years;
• there is insurance for construction of real estate in new buildings;
• investors who regularly make decent investments into the state treasury receive a residence permit in the country. For example, you can buy a villa from €500,000 and automatically receive the opportunity to stay in the country without restrictions;
• It is possible to obtain Spanish real estate legally for both individuals and legal entities.
• Thus, the state protects all legal rights of property owners within the country for non-residents.

Affordable prices for real estate in Spain from a developer company with pleasant bonuses

If we talk about the construction of apartments and houses in Spanish cities in general, this activity is fundamentally different from domestic. For example, in Kyiv, in a new building you can buy an apartment without repairs and furniture for fabulous money, while in Spain such a purchase will cost you 30% cheaper, and you will get a turnkey home with a profitable purchase. Here, almost all housing on the primary market is sold immediately with major repairs. Three months before the delivery of the object, the developer offers the client-owner of the property options for finishing work. You can choose the color, texture, etc. In addition, if we are talking about multi-apartment properties, then you become the owner of a full-fledged kitchen with all built-in appliances and furniture, as well as common areas – parking, swimming pool, garden, children's areas, etc.

The Benefits of Owning Property on the Spanish Coast

Each person can independently identify a number of advantages when he owns real estate in developed European countries. We will list only a few of them below:

• investment in a stable Spanish economy;
• obtaining long-term income from renting out residential premises;
• the opportunity to leave your home at any time for a long stay in an economically stable European country;
• long vacation. Enjoy the color and identity of the Spanish coast without rushing, visit world attractions, relax peacefully in the bosom of pristine nature, etc.
• personal housing closer to your business;
• visit EU countries without any problems;
• accommodation and education of children in leading universities of the country and neighboring countries;
• immigration to Spain, etc.

Housing in Catalonia in the old historical center, an apartment in a new building with an indescribable view of the Mediterranean Sea and a swimming pool on the roof, a villa on an island in a quiet bay for personal needs – all this is waiting for you. Whatever you choose – commercial real estate, a villa or apartment for yourself, an apartment or duplex for long-term rent – in any case, it will be a profitable investment here. And how to invest in Spanish real estate correctly, read in our next article . To minimize all pitfalls and risks, contact our consultants in the online chat or by phone!