Investing in Spain
You can forget the horror stories attached to investing in Spanish Property
that we have all heard and read about over the past 20 years. During the last
few years Spain has totally transformed itself, to a degree that can sometimes
put UK standards into the shade. An enormous amount of cash is flowing into
the basic infrastructure – roads, hospitals, shops, restaurants and so
on – whilst the entire legal basis of buying property in Spain has been
revised. Nowadays, for example, it is illegal for a developer to take client
monies unless there is
either a bank guarantee or independent insurance policy in place, guaranteeing
the safety of such money. Building standards in Spain are mainly superb nowadays,
and investment in this market represents excellent value, although, as in any
market, you still need to have a sound local knowledge and understanding.
The most profitable way to invest in Spain is undoubtedly that of buying ‘off-plan’, in a new development. It’s an area that few people know about, or understand properly, and in which fewer still have the confidence or expertise to take part. See Buying 'Off Plan'
Property Management Ltd