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February 17, 2016

A high potential of Spain for foreign investment

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A high potential of Spain for foreign investment

Spain has a good image abroad as a safe place for investment. Foreign funds are considering a Spanish property as a good investment opportunity and will continue to have interest in it during 2016 at the level of previous years, when it had been already reached the record figures. Meanwhile, those who are already on the Spanish real estate market, want to increase the profitability of investment, giving preference and improving to innovation and new technologies sector, according to experts who participated in the presentation of MIPIM, the largest international exhibition of global real estate sector.

"Traditional real estate economy is becoming a new economy of a service sector. All new innovations and digital technologies are increasingly used in addition to the improvements that are made in the construction of buildings", – said the general director of MIPIM exhibition for professionals in the field of real estate, Julien Sausset.

Of course, more attractive to foreign investors are the cities of Spain like Madrid and Barcelona, ​​and many companies choose these cities for their offices.

Real estate agencies in Spain seek to offer a quality product to their customers, offering the best houses and apartments for sale in cities like Barcelona. On average, as a rule, investors should invest between 200 and 300 euros / m2 for the rehabilitation and improvement of buildings in Barcelona.

In the general context of the investment landscape, the CEO of MIPIM also confirmed that "Spain has a good political image abroad, with a high potential for foreign investors. However, it is the responsibility of the Spanish real estate agencies, to improve the situation in the sector in order to attract a greater flow of foreign investment in luxury real estate in Spain".

In addition, the Spanish property market is experiencing another trend that is rent of housing. "The rental market in Spain has always been the separated industry. But today is the best alternative for young people who want to be independent, or for those who decide to leave their homes in search of work in another city in Spain," commented the experts of real estate agencies in Spain. In addition, the growth was recorded in rental properties in Spain in order to spend holidays; in this case, luxury real estate in Spain near the sea is clearly a favorite among foreign investors.

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