Why Think Spain?

Spain has worked very hard to become a driving force within Europe and in the last 20 years since joining the EU, its economy and property market has matured at an astonishing rate. Spains economy has grown at twice the EU average , and while its unlikely to continue indefinitly at that rate, this growth has given confidence to the Spanish people. As the economist article put it.

"This new self-confidence will have consequences both for Spain and its neighbours because confidence makes it easier to sustain economic growth and stability. Spains emergence as an equal to Italy and even France will give it a seat at the top table.
If there is ever a core Europe or a pioneer group, Spain will be in it".

The combination of low unemployment, rising wages and a strong economy is great news for property investors. It signifies a strong local market, and it is always reassuring to buy in a buoyant local market and minimise risk when you come to sell.
Another advantage of buying within a mature market place is that mortgage finance for buying property is easily available and at competitive rates to compare with the UK meaning low deposits are required to enter the market, and in some cases 100% mortgages are available on key ready properties.

According to the worlds largest real estates consultancy, Jones, Lang, Lasalle.

"The Spanish economy is booming and its strong forecast employment growth makes it the most attractive E-Reg country. Strong output growth is incresing employment, particularly in property and businesss ervices. The Spanish economy generated an astonishing 60% of all new jobs in the Eurozone back in 2005 and employment growth expectations are still the highest in Europe. The government announced a package of tax reforms which came into full effect this year2007 and are having a significent positive impact on Spains business environment".

The government is also investing in new infrastructure to include more rail links,the new International airport Covera ready in 2010 in the popular up and coming region of Murcia to handle the higher influx of passengers, new motorways linking major cities, town planners already extending or planning new marinas, to name just a few.

Costa de Almeria and the Murcia region in particular are proving sound property investment areas with extra care taken to protect the natural parks and beaches, no over building so maintaining there Spanish heritage and using strict legal systems to ensure builders are reputable with the required licences.

To live permanently in Spain automatically highers the standard of your living expenses as normal everyday living in Spain compared to the UK for example is approximately a 3rd less expensive.Whether for holidays or a new life in Spain an average of 300 days of sunshine per year, mild short lived winters and with supermarkets and local markets full of fresh produce guarantees you a much more quality way of life. Spain also offers a fantastic healthcare system with a high standard of hospitals, in fact The Inmaculada hospital in Huercal Overa, Costa de Almeria has been voted the best hospital in Europe on several occasions.

Facts to consider when you think to invest overseas to Think Spain.