Property Investment Advice - Why Invest in Spain
Published on 1st May 2008 by Don Ross
Property scandals about illegal developments have undoubtedly scared off some property investors, but these incidents apply to a small number of areas, not the whole of Spain. It's important to note that if legal checks had been carried out effectively in the first place, many of these situations would never have developed.
Areas like the Costa del Sol are now mainly appealing to lifestyle investors, looking for a holiday home rather than a good profit margin, but this is not the case across the rest of the nation. Places such as the region of Murcia are 'up and coming' and still represent great investment potential. The region of Murcia has strict laws in place to ensure overdevelopment doesn't happen.
General information
Spain has so much to offer; a developed infrastructure, widely spoken English, low cost living, established legal system and a great climate.
Spain has topped many polls over the years for being not only the UK's number one tourist destination but also for being a great property investment hotspot.
Boasting over 300 days of sunshine each year, the southern portion of this nation has captured the hearts of many and continues to attract significant amounts of foreign investment.
The Spanish economy
Spain's recent economic performance has been remarkable, with 2006 marking its 13th consecutive year of growth, one of the longest periods of sustained growth in its recent history.
Spain, which launched the Euro in 1999, is a developed country with the eighth largest economy in the world.
Over the last four decades the Spanish tourism industry has grown to become the second biggest in the world worth around 40,000 million Euros in 2006.
Don Ross
General Manager of Ward & Co, has a vast range of experience in both financial services and property development. As an international speaker he has provided the inspiration that has led to wealth creation around the globe.
