Why do others buy in Spain?
Most of the buyers of property in Spain will have a choice of location as to where to buy. A friend, a previous visit to the area or simply the fame or notoriety of the city, town or rural area is enough to form the choice. But a buyer will want to know, as well, whether the location is in itself a good investment. A precise answer in this regard is difficult. There are locations where the rental value of the property is high (Valencia City-Peniscola-Alicante-Pobla de Farnells Benidrom-Gandia etc. generally all tourist resorts).
Rural areas have a lower demand for rentals, although the regional authorities are increasing the financing of many rural tourism resorts to make them more attractive, not without success. There are areas, which have consolidated a growth and are secure investments.(Lliria-Montroy-Casinos-Villamarxant-etc)
Others are in the process of growing. Generally speaking, Spain is growing from strength to strength in real estate investment and predictions are that sales will shoot up in the following years, with an estimate of 4 million people investing on property in Spain and 600.000 European families purchasing a home or second home. Valencia is one of these regions and with the hosting of the America’s Cup there is huge potential in the investment market, many of our investment clients are Spanish (from Madrid mainly). They are aware of the huge potential in Valencia are investing heavily in off plan purchases.
