The best time to buy Real Estate in Spain
The most pleasant, of course, is the cost of Real Estate for sale in Spain, especially in the resort areas. The big advantage is the low cost of real estate banking and the ability to design low-cost mortgage.
The activity of foreign buyers has changed prices relationships in many ways in different regions and cities of Spain. In some of them, the cost of real estate has risen, and the cause is the increased demand of foreigners. Businesspersons are trying to buy a house in order to put it in the short-term rental in the holiday period. Such attachment quickly pays off when operating in high season due to the high rental prices.
This fact speaks for itself, and we can say that buying Real Estate in Spain is even more profitable than investing in some investment funds.
At the same time, experts focus attention on some of the nuances, and in the future, they can predict positive changes in the current situation. There are some expectations about adopting a law providing for a limited area of land, where it will be possible to construct the residential houses. It is possible, that in the nearest future the situation will develop in such a way that you will be able to build a house anywhere. The demand is going to remain but the offer will be limited. The prices start to rise and by the end of the crisis, foreign citizens will be interested in Real Estate for sale in Spain again including exclusive villas. Still, there is a sufficient amount of them but all indications are that very soon the real estate market cannot meet the demand.
The potential buyers of the foreign real estate are mainly guided by such motives as a profitable investment, purchasing of property for recreation and purchasing it for permanent residence. In the first and in the second case, one of the most profitable options is Real Estate in Spain and one of the best is in Ibiza.