Currently, Spain has become one of the main countries for foreign real estate investment, highlighting especially in recent months, the high influx of requests for information that we are receiving in MaaR Agency from investors from Venezuela, Mexico, Chile, Peru and Argentina.
One of the main reasons, why real estate investments by foreigners have increased, are the low market prices, the Spanish legal security, the lower tax burden, and, also, for those who are looking for a second home in Spain, quality of life. Regarding this, it should be noted that for those foreigners who make investments in properties in Spain for a value greater than 500,000 EUR, they can choose to apply for the Golden Visa, with which they can acquire their permanent residence in Spain in a fairly simple way . From MaaR Agency we will explain in detail how to get it.
From a financial point of view, it should be noted that investments in housing during the last 3 years have reached a profitability of more than 10% and rents above 4%. To this must be added the abundant supply that the banks in Spain have put on the table, which have not been able to get rid of the more than 700,000 homes with which they were made during the previous Spanish crisis. In numbers, in the second quarter of 2019, foreign purchases accounted for 18.7% of the total transactions for the sale of free homes in Spain.
In addition, foreign investors see the Spanish residential market with very good eyes, due to the lifestyle associated with good weather, exquisite cuisine and a leisure offer that is not comparable to other countries in the region. As for the prime real estate market, areas such as Madrid or the Costa del Sol are a great attraction for large Latin American investors, attracted by the price per square meter and security.
In addition, foreign investors see the Spanish residential market with very good eyes, due to the lifestyle associated with good weather, exquisite cuisine and a leisure offer that is not comparable to other countries in the region. As for the prime real estate market, areas such as Madrid or the Costa del Sol are a great attraction for large Latin American investors, attracted by the price per square meter and security.
- Spain is the second country in the world that receives the most tourists, only behind France and ahead of the US
- In terms of tourism income, Spain is also in 2nd place in the ranking, behind the US
- Spain in 2018 was the most competitive country in the world in terms of tourism.
- The regions that receive the most tourists in Spain in this order are Catalonia, the Balearic Islands, Andalusia, the Valencian Community, the Canary Islands and Madrid
