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Property in Spain
Overseas Property Boom
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The current global property boom is the biggest ever. Never before have house prices risen so fast, for so long,
in so many countries.
In the last four years British spending on property has increased by 45%. I have compared the average house price rise in different countries as follows- 27% of all overseas houses owned by Britons are in Spain (source Halifax). Spain still continues to be the number 1 destination for British investors, as you can see there is still very good capital growth potential in Spain. A far grater increase is apparent in the new emerging markets such as Bulgaria and Cape Town these and many others have seen a substantial increase for 2006. |
 Data from Knight Franks 2006residential review.
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 Jonathan – conducting due diligence
checks on a new Bulgarian development |
So what's in store for 2007? In terms of investment you need to look at your personal situation and consider a number of factors such as: - Are you planning to live abroad? Do you need to archive a high level of rental income? How long do you intend to own your home abroad? Do you want a quick return for your investment? In my opinion selected developments and land investments in Bulgaria, Romania, Estonia and Turkey would be more suited to the short term investor, provided that the development has been well researched, in a good location with a developing infrastructure the returns could be quite rewarding. |
For the more cautious investor, or for families wishing to live abroad I believe that Spain, France and Cyprus still has a lot to offer, with a more established infrastructure and accessibility in terms of cheap flights you might pay more per square meter but the life style and potential rental incomes are more established. Not to mention that capital growth was still more than two times larger than in London last year.
The important thing to remember is that there is a lot of choice out there and there is something to suit almost everyone's circumstance and budget. Please email me Jonathan@aHomeInSpain.biz or call any time on 01932 878 474 to discuss your requirements.