Real Estate Investment in Spain
Buying a house in Spain may be the best investment of your life, but it is important to choose the right property in the right area. Costa del Sol has a stronger tourism than most other areas and there are of course also many other aspects that must be taken into account.
We mention Marbella on the Costa del Sol many times in this article and there is a reason for that. Marbella has for a long time been the most attractive city in Spain to invest in, and when it comes to statistics we have more information about this city than any other city in Spain. The bookings of private holiday homes in Spain increased by 1 million in the first half of 2017, which represents an increase of 33% compared to the same period last year. After the collapse of Turkey as a tourist destination, Spain has received 12 million tourists more than expected.
Investors are always looking for lucrative areas to invest in and in Spain now, Marbella is that area. For low budget investors, we look at nearby areas such as Fuengirola or Mijas that produce lower income, but from an investment aspect also are attractive.
During January 2018 the increase in sales compared to the same month of the previous year was 23.1% and the increase from the previous month was 46.8%. This is the biggest increase from one month to the next ever noted. Keep in mind that the most lucrative area is the Costa del Sol, where you will find more new developments and resale properties than anywhere else that are more interesting for real estate investors. However, the price of land is increasing and as a result of that, the price of each new phase of each construction also increases. If you are looking to invest in a new development in 2018 or next year, our advise is to buy now, not wait until later.
The figures for this part of Spain are enormous and growing every quarter, therefore, 9 out of 10 investors are looking precisely at this city.
What should we know when investing?
At Wendel Estate we focus on finding properties that are good investments both short and long term and that will have a high weekly occupation on the rental market. We have analysed the history of the properties of our own clients, our own rental company and the statistics of our partners for the years before the crisis up to the present day. It is clear that to make an investment as safe as possible, you must invest in a property with a rental history that is strong even during the crisis years.
Our goal is to facilitate and make it possible for our clients to advertise successfully and obtain large returns from their holiday homes. However, it all starts with finding the right home in the right area at the right price. To this end, we have the best contacts and professionals of the Costa del Sol. They know that our customers are serious and ready to act quickly when the right object appears.
One mistake that many people who invest in real estate make is that they only look at the potential value trend and neglect how much / little a property generates revenue per year.
According to the statistics, 7 out of 10 Swedes rent out their houses abroad to cover the costs. However, adequate housing in Spain can generate much more than that. With the right property in the right area and proper marketing through our agency you can make a very good real estate investment in Spain.