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October 3, 2013

Foreign investors are ready to invest 14.000 million euros in property in Spain

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Foreign investors are ready to invest 14.000 million euros in   property in Spain

The Spanish property market is the third in popularity among foreign investors willing to invest in the local real estate market. One of the main reasons – a significant reduction in the cost of real estate in Spain, compared with other European cities. Mostly foreign investors consider buying the hotels, office buildings, luxury homes or apartments and commercial centers.

Currently international investment groups see the Spanish property market very attractive for profitable investment of capital.

According to a recent study conducted by the company Knight Frank and attended by 200 major investment companies, foreign companies are willing to spend on a property in Spain about 14,000 million euros next year. Thus, the Spanish property market has moved in 2013 to third place in the ranking of the most promising investments from sixth place, which he held in 2012. Spain is currently the most attractive destination for investment in Europe for 11.6 % of the surveyed investors. In first place is the UK with 39.4 % and in the second – Germany with 23.2 % of the vote.

Inside Span the foreign investors see the nation's capital as the most promising city to purchase the property, in the second place is Barcelona.

Among the indicators that have influenced the growth in popularity of Spain among foreign investors, business leaders call a steady rise in the value of the euro, the signs of improvement in the economic situation in the country and a significant reduction in the prices of real estate in Spain, which took place from 2007 to almost 65 % of the original cost. This situation differs sharply with the situation in other major European cities.

In addition, major investor noted a sharp drop in profitability in European capitals such as London or Paris, which also has an impact on the final decision on the purchase of real estate in a particular country.

The preferences of foreign investors in Spain can be distinguished between office buildings, small hotels and luxury residential real estate on the Mediterranean coast.

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