As the UK property market slows down, savvy investors could do worse than looking over to sunny Spain: house sales reached the highest volume since 2008 last year, and even the number of British buyers is up. And if you’re moving here permanently, don’t stint on the good food: Bloomberg’s named our diet the healthiest in the world!
It’s been a busy week in the south of Spain. The beautiful city of Almería is famous for its year-round sun and beautiful beaches – popular among Spaniards from Granada – but now it’s got another string to its bow as ‘Gastronomic Capital 2019′. Plus, elegant Cádiz has been named one of the New York Times’ best destinations for this year.
There’s a lot going on in Spain this week – Murcia’s new airport will have its grand opening, while construction giant Quabit is to invest €23.7 million into 700 homes in Mijas. The Costa Blanca’s also set for a tourism record, with more visitors than ever before – a strong sign for anyone looking to invest in holiday lets here.
If you’re dreaming of moving out here to Spain, but you’ve still got commitments back in the UK, a holiday home could well be the answer. “But what about the cost?”, I hear you ask. Well, you can easily offset that by letting out your property. In fact, a recent survey shows that we property owners are missing out on €33.4bn of rental income in Spain. Not to be outdone by these significant figures, more research this week has come out, showing that living in Spain is up to £22,000 less expensive than the UK. Here’s your news update this week from sunny Spain.
How to pay for your Spanish property
NEW GUIDE! Can you get a Spanish mortgage? How much rental income could you make?