Everything You Need to Know About Buying Property in Spain in 2020
Updated: Jun 4
Is a quarantine lifestyle changing the way you think about the future? Have you ever dreamed of owning foreign property? Has your mind begun to wander through afternoons on cobblestone streets, complete with tapas and a bottle of wine?
Believe it or not, 2020 is an excellent time to think about buying property in Spain.
A lifestyle of elegance in the sunshine could be waiting for you. Here's a look at why.
A Unique Opportunity
COVID-19 has placed our lives, and the economy, on pause for a few months. And while real estate values vary greatly from city to city, it's safe to say that there are many great deals out there.
Spain's property values are recovering from the dip they took during the 2008 financial crisis. Yet for the past five years, they have been increasing steadily. In fact, 2018 was the fifth consecutive year of a rise in Spanish housing property values, and the biggest increase since 2007.
If you are an investor, keep in mind the overall growing popularity of Spanish tourism. In fact, it hit an all-time high of 83.7 million in 2019. It became the world's second-most visited country, bested only by France.
Constant sunshine, panoramic views, and clear beaches are just a few of the highlights that bring visitors from all over the world to Spain. It offers a unique holiday experience that attracts lovers and families during all seasons because of its beautiful year-round climate.
Beauty and Culture
Spain boasts thousands of miles of coastline edging against pristine turquoise water. Gorgeous cities like Madrid and Barcelona are known for their museums, arts, and culture scene. Visitors can experience Gothic and Art Nouveau architecture, shopping at luxurious marketplaces, and al fresco dining.
Spain is known throughout the world for its seafood, abundant fruit, and vegetables. Adventurers will enjoy activities like scuba diving and hiking. And don't forget about the wineries and art.
Types of Properties
Tasteful townhouses remain an excellent way to invest in the towns. Experience elegant swimming pools, stone floors, and beautiful architecture that is just a short walk from downtown cafes and shopping. And with ample bedrooms and bathrooms, you can easily rent them out to larger families traveling together.
Seaside villas afford excellent views of the aquamarine sea. Many are sizeable, welcoming parties of large numbers. And nothing says elegance like your own Meditteranean villa.
Apartments and country houses also remain popular choices. If you have ever dreamed of your own patio, pool, and garden just outside the town center, a simple and tasteful country house could be a wonderful investment. Some even come with rental licenses.
The Best Time for Buying Property in Spain
Spain is an increasingly popular holiday destination with a world of wonder to offer visitors. Promising property trends and a superb choice of properties makes 2020 an excellent time for buying property in Spain.
For more information on Spanish real estate, contact us today.