Spain overtakes UK in property investment rankings
Spain's resurgent property market shows no signs of slowing down as Spain leapfrogs the UK to become the world's fourth best investment destination.
The financial crisis of 2007 crippled the Spanish economy, causing national unrest. However, since 2014, the Spanish economy and real estate market have begun to recover. Since 2016, new housing stock in Spain has increased by 70% annually to around 85,000 units.
The first months of 2017 also saw a significant increase in foreign property investment in the country, with the number of residential property sales involving foreign investors increasing by 15.6% to 14,870 compared to Q1 2016.
Now, a new survey by Afire (the Association of Overseas Property Investors) on the best regions in the world for investment opportunities has risen two places from sixth to fourth, leapfrogging the UK, which has fallen to fifth. Spain received 10% of the votes, while the UK received just 6%.
The United States took first place with 30% of the votes. Brazil and China took second and third places, respectively.
Related articles
Book a consultation with a real estate expert abroad
our profession reminds me of the job of a "personal assistant", a kind of coordinator or guide in a new country, who helps a person avoid hundreds of headaches. In our case, related to buying real estate.
That is why people buy apartments with us, rent them out, get loans from banks or apply for a residence permit, even furnish apartments and send their children to school.
And most importantly, our clients recommend us to their friends, and trust is worth a lot. Come and visit us!