The
popularity of continental Europe for Property Investment among
UK buyers is long established, with many buyers seeking Holiday
Homes and Buy-to-Let opportunities in holiday destinations relatively
close to home.
Recent years have seen a significant boom in European Property
Investment, particularly in certain parts of Spain, and according
to figures released by the Office of National Statistics (ONS),
this is set to continue into the foreseeable future.
With house prices in the UK having slowed to around 5%, marking
a downturn in the market, a growing number of UK Property Investors
are turning their attentions overseas, looking for new investment
opportunities in foreign markets.
Even though property prices are currently cheaper in some emerging
markets, Spain offers more security to the Investor as it is an
economically and politically stable member of the European Union
and has a track record for providing a reliable source of Investment
Income.
The
combination of low prices, healthy climate, accessibility and
high financial profits make for a compelling proposition.
Demand for property in Spain remains high as prices have jumped
dramatically by some 150% since 1997, however, they are still
significantly cheaper than the UK where property values are approaching
an average of £190,000. Low Interest Rates (around 3%) are
helping to keep prices down in conjunction with a steadily expanding
economy and declining unemployment rates. Spain has been transformed
in the last three decades from a rural, backward agricultural
Country into a Nation with a diversified economy and strong manufacturing
and service sectors. Capital Growth in Spain is still high and
is forecast to continue to grow by at least 10 per cent per year
for the next five years of more. Off-plan purchases at promotional
prices still offer the best opportunity to maximise profits. This
excellent track record provides good grounds for continued confidence
in the Spanish Market.
Why
Invest in Golf Properties?
There are over 50 Million Golfers in the World and only 50% can
play 6 months of the year due to Adverse Weather! According to
the Spanish Golf Federation, more than 180 licences are currently
being purchased in Spain every day!
Rental Potential – The superb climate in
Spain’s Costa Blanca provides an all year round Rental Potential
compared with the typical 35 weeks season for a Beach side property.
Golf Properties – These are more likely
to attract a higher Rental Income and Golfers usually make good
Tenants because they are used to abiding by the rules and the
expected etiquette of their Clubs
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