Now it´s time to invest in Spain
We at Skandinaviska Mäklarhuset keep us constantly updated on the latest changes in the housing market and, through our close colaboration with rental companies and other entrepreneurs on costa blanca, can give you the best advice on how to to find the right area and investment opportunities.
Whether you want to invest in a small apartment or a multi-family house, we can guide you through a safe and simple buying process and give you the contacts and conditions you need to create a easy and flexible property ownership.
Invest in Spain
Spain is the 14th largest economy in the world based on its GDP of USD 1.311 trillion (2017) and is the eleventh largest exporter of commercial services.
Spain has a modern economy based on knowledge, where services represent almost 74% of the business.
The country is an international innovation center with a young and highly qualified population and offers competitive costs for labor.
The country has worked hard to equip itself with state-of-the-art infrastructures that can promote the future growth of the economy, and there are many interesting business opportunities for foreign investors in Spain in areas such as renewable energy, biotechnology, environment, aviation and the automotive industry. access to not only the Spanish national market, a market with more than 46 million consumers, but also in EMEA markets in Europe, the Middle East, North Africa and Latin America and the strong presence of Spanish companies in these regions.
*ICEX – Ministerio de Industria, Comercio y Turismo
The housing market in Spain
The financial crisis in 2008 caused a large price decline on Spanish properties that did not begin to recover properly until 2014. Thanks to strong economic growth with an average GDP growth of 2.72% per year from 2014, not only prices but also the number of sales increased from 318,928 in 2014 to an estimated 590,000 in 2018, with the closest forecast from the bank BBVA.
One can also see a big difference regarding what type of home the buyers are interested in. In 2013, about 50% of the buyers bought new production and around 50% resale. This has largely changed to the fact that now, at the end of 2018, only 20% of all housing purchases are of new builts. The explanation for this can be linked to the reduced supply of new construction and construction companies after the 2007-2008 crash and also because the bankruptcy-exposed construction companies and banks have now been able to sell large parts of their housing stock.
The forecast for 2019 is the continued rise for both housing and rental prices with the major cities such as Madrid, Barcelona and Palma in the lead closely followed by the major popular tourist resorts such as Costa Blanca and Costa del Sol.
If you want more information about investing in Spain, please contact us and we will send you more information.