Well what can I say about this one, we have gone full circle with the craze for purchasing property in Spain in the 90’s and up till 2007 it was the hip thing to do, right up until the enormous crash bang and wallop, back down to earth, with the property crisis that hit in 2007/2008. Spain was left devastated with many properties left to the banks due to unpaid mortgages and bankrupt developers were lining up to return their hard earned cash to the bank and start again.
But today there is light Spain has tidied up their act, they have reinforced new laws that protect the buyer from rogue developers and agents, and due to the low property prices are seeing the good old tourists flock back to purchase the many bargains available on the market. Properties can be had from as little as € 40.000,00 upwards, many old properties are being restored and refurbished and the developers have returned to build an array of affordable modern properties on the available land with spectacular horizons.
Its official Spain is on the up and up with record sales of +12% in 2015 and tourism rocketed to over 74 million this year alone.
From Majorca to Minorca, Almeria to Alicante, Valencia and the Costa del Sol there are flights galore every day from all over Europe which facilitate the arrivals of the tourist, add to that the 320 days guaranteed annual sunshine and the allegria, sangria and paella, and you have a recipe for success.
Spain is great for those who don’t have to learn the Spanish language because there are enormous expat communities offering a home to home life style and plenty of retired pensioners from all over Europe soaking up the good life from October to March and renting their lovely homes from April to September so they can afford their great life style in the winter months.
Spain is a great family destination because it caters for the tourist as well as the golf player and the sun worshipers. There is something for everyone in this great country so what are you waiting for go and explore and report back!!!
Madeleine Morgan – 30th September 2016