SPANISH PROPERTY HISTORY - market overview and property growth trends

Typically much of the property bought by foreigners has been in the Mediterranean costas – Costa Brava, Costa Dorada, Costa del Azahar, Costa Blanca and Costa Del Sol - attracted by the wonderfully mild winters, hot summers and warm seas.    However, this is changing and the British and Irish are beginning to explore the lesser known regions - the North West and North Eastern coasts and the rural heart of Spain. Today, 52 per cent of the property bought on the Spanish Costas is by the Spanish which has kept prices at a more reasonable level. Buying Spanish golf and beach properties is still the most popular form of investment in Spain as the rental returns can still be substantial and Spanish property investment is still buoyant.

Spanish property buying has changed dramatically since the onset of mass tourism in the 1960s brought with it a wave of expatriate property buyers.  This was fuelled by rapid rise of cheap flights to many coastal areas and the low cost of property.  Twenty years ago, a villa worth £300,000 today would have cost £60,000.  Now a democratised country and a member of the European Union since 1986, Spain has a much more sophisticated and reliable property purchasing process. This, coupled with an attractive lifestyle and excellent healthcare system, means it continues to be the most popular place among the British and Irish in which to buy a second home and investing in luxury golf properties in Spain is still as popular as ever.

Buying a property in Spain today

You will find that prices differ according to the region you choose and its location.  Properties facing the golf course or with an uninterrupted view of the beach command a premium.  On average however you can expect to pay around £120,000 for a one bedroom apartment in one of the sought after Costas; £350,000 for a four bedroom semi-detached house on a golf course in Andalusia; or, inland near the historic town of Seville, around £140,000 for a three bedroom townhouse.  Whatever your choice of area and whatever your budget, you can rest assured that Prime Overseas Property is committed to helping you find the best property at the best possible price. Operating predominantly in the area south of Alicante around the Costa Blanca south and Murcia and Almeria golf property investment has become very popurlar recently.

(All calculations are for illustrative purposes only.  Please check our property details for up-to-date prices and specifications.)