News: Ten financial reasons to buy a home in Spain in 2016
Written by Inmo Investments - 25 Apr 2016
It´s official, the Spanish property market is out of the doldrums (and actually has been for quite some time now) and with Spanish property prices levelling out – and actually increasing in some locales for the first time since 2007; there has never been a better time to choose to buy a property in Spain.
There are many good reasons to invest in Spanish real estate during 2016 – great weather, a relaxed pace of life, and fabulous Spanish culture. But for those ruled more by their heads than their hearts, there are still a multitude of financially advantageous reasons to buy a property in Spain in 2016. Here´s just 10 of them:
- 1: CHANGES TO LEGISLATION
In the UK particularly, last year the government introduced changes to the way in which people could access the money locked away in their pensions. Money that was previously inaccessible to many can now be used to fund a property purchase abroad for investment, a holiday home, or planning for retirement.
- 2: SPAINS GROWING RENTAL MARKET
As the economy continues its´ recovery at a remarkable rate, more people are moving to Spain for work. This is leading to an increase in demand for long term rental properties in a Spanish property market typically dominated by short term holiday rentals. Long term rental is turning into an assured investment for savvy entrepreneurs looking to capitalise on this flourishing demand.
- 3: A WIDE CHOICE OF PROPERTIES
Without a doubt, the Spanish real estate market offers potential purchasers and investors the widest possible choice of property in Europe. With apartments available for less than €30,000 it´s easy to get your foot on to the Spanish property ladder, and a beautiful detached villa with swimming pool can still be found for just €90,000.
- 4: IT´S A BUYERS´ MARKET - FOR NOW
Whilst home sales throughout Alicante and most other parts of Spain are on the increase, housing stocks remain at high levels in Spain. This means that it´s easy for potential buyers to leverage their strong position to obtain the best value for money during negotiations.
- 5: LOW FIXED RUNNING COSTS
Fixed utility costs for maintaining a home in Spain are lower than most other European countries. Council tax in particular can be surprisingly reasonable, with a moderately sized detached villa in Ciudad Quesada costing as little as €140 per year (£110). By comparison, the average Council tax bill in the UK for 2016/17 is expected to top £1,530 per year – more in one single month than for the whole year in Spain.
- 6: MODERN SPAIN: CONNECTABLE COMMUNICATIONS
Contrary to popular belief, a telephone and internet connection is easy to install and affordable, with packages including free international phone calls and WiFi widely available from just €32 per month. In most popular residential areas on the Costa Blanca internet speeds start at 3Mb, with speeds up to 10Mb readily available.
- 7: CLOSER THAN YOU THINK, AND AFFORDABLE TOO
The Costa Blanca is well served by both Alicante Elche and Murcia San Javier International airports. With a median flight time of just 2h 30m from popular European destinations, consistently low seat prices, and everyday all year round flights from many budget airlines such as Easyjet, Eurowings, Jet2, FlyBe, Ryanair, Transavia, and Vueling; getting to Spain is easier and more affordable than you might think.
- 8: THE LOW COST OF EVERYDAY LIVING
Expect a lower weekly shopping bill. Food and essential everyday products are cheaper in Spain than in most of northern Europe, and out and about expect to pay €1,00 for a freshly prepared coffee, and €2,00 for a pint of San Miguel – the locals´ favourite beer.
- 9: AFFORDABLE DINING OUT
The Costa Blanca boasts a whole different world of culinary delights. Eating out isn´t just a pleasant everyday experience, it´s affordable too. A typical lunch (menu del dia) costs around €8,00 per person including a beer, glass of wine, or soft drink; and dinner prices don´t go much higher. But perhaps it is the sheer variety of international cuisines on offer that make eating out in Spain such a unique delight.
- 10: POLITICAL STABILITY: IT´S ATTRACTIVE
Spain has enjoyed decades of political stability, and following the geopolitical turmoil currently affecting many parts of eastern Europe and north Africa, Spain is appearing all the more the attractive investment. With no immediate solution on the horizon, the demand for Costa Blanca property will inevitably increase robustly during 2016.
Apartment - Resale - Jumilla
Spain - Costa Blanca South - Playa Flamenca139.500€
Luxury first floor apartment for sale situated at the prestigious and highly sought after Jumilla urbanisation in Playa Flamenca. Noted for quality of build and design the apartment offers 78m2 of living space and comprises 2 bedrooms with fitted wardrobes, 2 bathrooms,, large lounge/dining room , open plan kitchen and sunny South facing terrace with views over the communal gardens. The property is sold fully furnished with all new furniture and recently renovated, totally key ready with...78 2 2
Villa - Resale - Benijofar
Spain - Costa Blanca South - Benijofar295.000€
This immaculately presented South facing detached villa for sale is located in Benimar II, near Benijofar. There are many amenities close by at the Benimar commercial area and also in Benijofar and Quesada .The property consists of four double bedrooms,accross two floors, one with en suite; bathroom; a good sized lounge dining room; a large modern fully fitted kitchen and an adjoining utility room.Outside in the garden area are some beautiful mature plants surrounding the perimeter of...108 500 4 2
Quad House - Resale - Pinada Golf
Spain - Costa Blanca South - Villamartin119.990€
Built in 2001 this well maintained quad villa for sale at Villamartin offers 82m2 of living space and comprises 2 bedrooms with the possibility to convert the dining area into a third bedroom as is often the norm with these villas, family bathroom, WC/cloakroom, ample lounge, dining room and open plan kitchen with breakfast bar. Outside space offers 12m2 terrace, 60m2 garden with an East facing aspect for morning sun, onsite parking and solarium of 20m2 for year round sun and boasing...82 60 2 2
Semi detached villa - New build - Los Alcazares
Spain - Costa Calida - Murcia - Los Alcazares139.950€
Promotion of semi detached villas situated in Los Alcazares, Murcia . Each villa provides 2 bedrooms and one bathroom, a light and airy living/dining area and a fully fitted kitchen. Outside space boasts a front garden, private rear garden with a spiral staircase leading up to the solarium, perfect for all year round sun. The villas are all sold with necessary extras including pre installed air conditioning, double glazing, built in wardrobes and a garage. More extras are available....54 175 2 1
Apartment - Resale - Dehesa de Campoamor
Spain - Costa Blanca South - Campoamor129.950€
Fantastic family apartment for sale set in the heart of Campoamor , the apartment is set in a lovely quaint traditional style complex with the use of a communal pool. The apartment has a fantastic open feel when you enter the lounge area with a large balcony leading off and looking over to the pool, there are 3 double bedrooms and a large kitchen/utility room and also a family size bathroom.Campoamor has an amazing Blue Flag award winning beach and it is only a short drive to the famous...3 1
Town house - Resale - San Javier
Spain - Costa Calida - Murcia - San Javier169.995€
Sizeable town house, centrally located in San Javier , Murcia makes for the perfect family home. The impressive South facing property offers an impressive 200m² over 2 floors and comprises 3/4 bedrooms, 2 bathrooms, large lounge with patio windows to the garden/ terrace, dining room, spacious sun room with balcony terrace offering charming views over the surrounding area, and fully fitted open plan kitchen with storage room. Outside space offers ample sun terraces above and on the...200 3 2
Quad House - Resale - Playa Flamenca
Spain - Costa Blanca South - Playa Flamenca159.995€
Here is a rare chance at a 4 bedroom south facing quad-villa in Playa Flamenca. This property has a double bedroom on the ground floor, an open plan-living/dining room leading to the independant kitchen with seperate utility room and there is also a ground floor shower room. On the first level you will find 2 more double bedrooms with fitted wardrobes, a large bathroom and large balcony. Finaly on the third level there is the 4th bedroom, roof solarium and storage unit. This property also has...4 2
Villa - New build - Benijofar
Spain - Costa Blanca South - Benijofar594.900€
Independent villa located in Benijofar, province of Alicante on the Costa Blanca. The house has 3 bedrooms, 3 bathrooms, large living room and open kitchen. It also has a private plot of 600 m2 with terrace, parking area, private pool, Mediterranean style garden and solarium. The house also has hot and cold air conditioning, video intercom, security door and alarm. Benijofar is located just minutes from Rojales and Ciudad Quesada. Close to Guardamar, Torrevieja and Orihuela Costa. Located in...183 600 3 3