The property market recovery began in Spain in 2012-2013. Since then, the prices for real estate properties started to increase and, beginning with March 2014, the National Institute of Statistics in Spain (INE) registered steady increases for each month up until this moment. Businessmen interested in investing in the real estate sector must know that the highest rate of purchases was recorded in the regions of Balearics and Almeria.
, the average price
for real estate properties is estimated to increase by 6.1%
and the estimates show that the prices
will return to the values registered in 2004-2005, prior to the beginning of the economic crisis in Spain
. Our team of Spanish lawyers
can advise businessmen on the regulations concerning real estate projects
carried out here.
Top regions for property market in Spain
In the last few years, several Spanish regions registered the highest rate of development in the field of real estate. Some of the leading regions were represented by Marbella and Costa Blanca. The latter developed at a fast pace, due to new investment projects in this sector.
represents a leading destination
for foreign buyers
and the region of Alicante
was the favourite location for real estate purchases
completed by foreigners
(40% of all foreign purchases
The market developed in the last years due to the interest of foreigners in buying a property in Spain, and the leading country was, in this case, the United Kigdom (UK). The other main categories of foreigners were the following:
• citizens living in northern European countries.
Prior to purchasing a real estate property
here, it is advisable to receive professional assistance and, in this sense, natural and legal persons may address to our team of lawyers in Spain
Foreign investors in the Spanish real estate
Numerous investment opportunities can arise in various regions of Spain but, as a general rule, touristic destinations are preferred by foreign investors.
As mentioned above, a large number of foreign investors
are drawn on this market, most of them arriving from the following regions:
• Eastern Europe;
• United States of America;
• Latin America.
The EU is also represented in this case by the following countries:
• the Netherlands;