Investing in Real Estate in the Costa Blanca
Investing in the Costa Blanca
Looking to invest in real estate in Spain? Investing in real estate could be THE best financial decision you will ever make. As Mark Twain once said: "Buy land, they ain’t making any more of it”. And boy was he right.
Real estate has a track record of solid performance. Investing in real estate offers the potential to earn serious returns. When handled wisely it can become a priceless source of cash flow. As with any investment, real estate investments require you to comprehend and weigh the risks and promising rewards before beginning. Depending on how you choose to invest in real estate, you’ll need different amounts of time, capital, knowledge, and patience.
Located in the Alicante province, the stunning Costa Blanca, with over 200 kilometres of beautiful Mediterranean coastline that extends from the town of Denia in the north to Pilar de la Horadada in the south, is an ideal place to invest in real estate. Every year consistently shows that the local Spanish property market is still exceptionally buoyant with all foreign buyers, which, above all, means that your hard earned money remains very well invested.
According to statistics from the commercial real estate services and investment consultancy CBRE, Real Estate investments in Spain achieved 3,417 Million Euros in the first three months of 2017, 50% more than the amount recorded during the same timescale the year before.
So, here are some reasons why investing in the Costa Blanca is a great opportunity:
Prices on the Costa Blanca have gone up. The Costa Blanca is an extremely popular place for so many different nationalities buying their properties and in particular apartments for sale in Javea and villas for sale in Denia. From British, Dutch, German, French, Belgians, Russian and even Spanish from all around Spain.Apart from that, northern Europeans want a piece of what Spanish homeowners take for granted every day: A great investment in a great location! So many buyers are flocking to the Costa Blanca, which makes real estate for sale, scarce. A low inventory market, means prices are rising.
Spanish banks are offering great deals on mortgages at this time, so any shrewd property investor should seize these deals before they start to disappear. The current fixed, mortgage interest rate is 3%, based on a quote from one of the Spanish banks.
Rental properties are few and far between, so buying real estate for rentals is a great idea, making a good return on investment. So maybe after all being a landlord could be right up your street!
The lifestyle. Whether it’s sitting back and enjoying the climate, socializing, or having a blast doing water sports, people will always floc to Spain to make the most of the laid-back lifestyle. From all the traditions, culture, the Spanish heavenly way of life, the wonderful climate... To the orange and lemon groves boasting a beautiful aroma from the blossoms on the trees… Imagine sitting in your garden by the swimming pool or on your balcony with a glass of freshly squeezed, locally grown, Valencian orange juice! The cost of this is… invaluable!
Buy your property ready for the summer! More buyers are out looking to purchase their properties this time of year, before summer. You don’t want to bypass the best opportunities, am I right? The amount of properties is always lower after the summer, causing property prices to rise.
Well, real estate is always good, as far as we’re concerned! Real estate, even on a very small scale, remains a tried and tested way of building an individual's cash flow and wealth. Investing in Spain is a smart and obvious idea. It’s not our opinion, it’s data! Every year more and more people are buying in Spain, and property prices are rising. All you have to do is look at the pattern. Quick fact: Did you know that 90% of all millionaires become so through owning real estate? Real estate is the safest and all around best investment you can decide to make.Do your research and discover how beneficial investing in real estate can really be. The more you know, the better!
And remember, landlords grow rich in their sleep.