Top 5 Reasons to Buy a Property in Spain
As the world slowly learns how to adapt post-pandemic, we are beginning to see the light at the end of the tunnel. It’s time to get excited about buying property in Spain again. With the increase in remote working and a need to be closer to nature, the world is re-opening and so are opportunities to take that chance to get your dream home.
Here are 5 reasons to buy a house in Spain:
1. The Weather
This might be an obvious choice, but Spain has over 300 days of sunshine compared to the UK which averages a measly 62. The great Spanish weather is a huge attraction for people considering buying a home here. As well as the physical and emotional wellbeing that the sun brings, the sunny days also mean you can take advantage of everything that Spain has to offer, without the worry of the rain ruining your exciting plans.
2. The Lifestyle
Spain offers the best of both worlds. You can be busy doing nothing or busy doing what you love. If your idea of relaxing features golden beaches, Spain delivers this in abundance with 5000 kilometres of stunning coastline not to mention the incredible food and infamous sangria. The variety of activities in Spain means there is something for everyone. From hiking trails, modern shopping malls, water sports and city adventures, buying a house in Spain allows you to choose your ideal Spanish lifestyle.
3. Low Mortgage Interest Rates
Due to the Pandemic, banks in Spain are offering low mortgage interest rates as an incentive to get people to purchase a property. This looks set to continue for the rest of 2021. If you are thinking of making a purchase using a mortgage, taking advantage of low mortgage interest rates will get you the best deal. The mortgage requirements are strict so working with professionals who understand the Spanish property system is the best way to ensure your purchase is as smooth as possible. Click here to request our free guide to buying property in Spain.
4. Investment Opportunity
People often buy property as an investment and homes in Spain are no different. Of course, there is no guarantee that your property will increase in value, but if it does you will have made a great investment financially. If you choose to move full time or use it for holidays, in just 2 and a half hours you can be enjoying your Spanish home. Money can’t buy happiness, but it can also be an investment in your lifestyle. The memories you create with your friends and family in your Spanish home are sure to last a lifetime.
5. Established rental market
If you’re thinking of purchasing a property to rent, Spain is a great country to consider. The holiday home market is well established in Spain which welcomes around 18 million British holidaymakers each year - and they need somewhere to stay. Thinking about your budget, realistic income goals, and location to find the best rental property for you. Whether you choose to rent full time or a few times a year, the right property in the right area can bring in an attractive yield for years to come.
Have we sparked your interest in buying a property in Spain? Get in touch today and our team will be happy to answer any questions you have. Contact us on 0207 435 7052 or email info@movingcurrency.com
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