Spain Investment: Economy
In Spain, buying property means taking the country's economy into careful consideration and those planning Spain land and property investment will find promising statistics. Spain is currently enjoying a sustained period of steady economic growth - GDP increases over the last 10 years have exceeded those in the Eurozone and have surpassed countries such as France, Germany and the UK.
Spain property and land investment is further enhanced by strong inward investment and numerous multinational companies are relocating to the Spanish cities of Barcelona and Madrid. Spain currently ranks as the world's ninth largest economy and economic forecasts predict further steady growth. Buying Spanish property is undoubtedly benefited by these positive economic figures, which augur a strong future for Spanish investment property.
Spain Investment: Tourist Industry
As well as one of the Eurozone's healthiest economies, Spain also boasts a thriving tourist industry. With nearly 60 million visitors in 2007 - many of whom rented Spanish homes - Spain's tourism figures have shown steady annual increases. This combined with the fact that over 30% of British adults visited Spain within a two-year period suggests that this trend is set to continue. Massive government and EU investment in infrastructure including airports, high-speed trains and motorways have facilitated tourist access to the country and improved the potential for property investment in Spain. See also our Property Investors' Spain Country Guide
Spain Investment: Property Market
Those looking at Spain, buying property in the current climate will find slower growth that in previous years, but a look at the recent history of Spain real estate shows huge price increases. Spanish properties saw sustained and often spectacular growth from 1993 to 2004. Building in Spain, particularly off-plan Spain construction has been intense in recent years and has helped meet the demand for holiday and permanent accommodation from those relocating or retiring to their Spanish homes. Investment property in Spain continues to promise potential for ongoing capital returns.
For more information, click here for the Spain Land and Property Investment Guide.
