Why invest in Spain?

Spain has always been a popular choice for those seeking to invest in second homes and retirement homes. Due to a number of key factors, Spain has recently become an even more attractive proposition for potential buyers.

The UK has seen substantial increases in the price of property, particularly over the last 5 years. This has resulted in the many potential second homebuyers being priced out of the UK market. Buyers previously able to afford property in the popular UK 'holiday home' enclaves throughout the South of England have found themselves looking to new markets and locations.

The de-regulation of popular holiday destination flight routes has seen an influx of low cost airlines, making it cheaper and easier to reach Spain than ever before.

The fact that that since 1999 property prices have increased substantially with many owners seeing their properties increase in value by more than 100%, makes the area increasingly attractive for its investment potential.

Spanish Mortgages

Arranging a Spanish mortgage is very different to securing a mortgage in the UK and basically is a much easier process. The fact that the rental potential of Spanish property generally offsets the amount of debts means that a potential purchaser´s UK credit history and UK-based financial commitments does not affect their application for finance through a Spanish company.

Health Care System

Spain´s highly efficient and effective healthcare system is available to UK residents under reciprocal agreements under EU resolution. This, along with the idyllic climate - recommended by the World Health Organisation as being "environmentally perfect" and one of the healthiest places to live in the world - makes Spain a haven for those looking for a favourable climate and winter sun.

Cost of Living

The general cost of living in Spain is estimated to be up to 40% lower than the UK. This is an attractive proposition, not only for holiday homeowners, but also for those looking to retire to warmer climes.

Spanish Building Regulations

The tightening of Spanish building rules and regulations and the strengthening of the legal situation in general, such as bank guarantees that act to protect the purchaser, makes buying in Spain an extremely safe and attractive investment proposition.