Spanish Property

In spite of press coverage of recent turbulence in the Spanish property market, Spain remains a favourite holiday destination and a solid overseas property investment. Figures show that 25.4% of all Brits buying property abroad last year bought a home in Spain*.

GDP growth is hovering at about 3% and inflation remains low at about 2%. The property market, used to experiencing double digit increases in areas, is currently averaging between 5-10%**.

In spite of some slowing in the housing market, there still remain coastal areas that are undeveloped and traditional and where greater capital growth is anticipated, due to improved accessibility and a lack of development until now.

Huelva, located in the Western Costa de La Luz (South West of Seville) in the Andalucian region, near the Portuguese coastal border, has some of the best beaches in Europe, charming villages and property prices up to half that of the Algarve, just down the coast, or even the Costa del Sol.

Andalucia is a region of desert plains, snowy peaks and includes the Costa del Sol. The Huelva province on its western tip is relatively overlooked. With two-thirds of Huelva designated national park, the region remains largely undeveloped. Of the 800,000 properties built in Spain last year, only one per cent of them were in Huelva***. This is the Atlantic coast, however and it is breezier and the sea is chillier than around Malaga. It is however an inexpensive corner of Andalucia, frequented mainly by Spanish holidaymakers, which gives it a more authentic flavour

Huelva will get busier: its landing strip is to be expanded into an international airport by 2012. The area has fewer foreign visitors than any other coastal province in Andalucia, but 1·5million passengers are expected to pass through the new airport within the first decade. Having its own regional hub will halve travel time to the main developments on the coast and rival Faro airport for visitors travelling to the Algarve.

Murcia, the neighbouring region to Andalucia, a lesser-known area of south-eastern Spain, is also getting it’s own international airport with work beginning late 2008 and completed some time after 2010. The new airport will be situated in Corvera and experts predict that around 1.5 million passengers will pass through the airport per year when it opens. The airport, combined with a new motorway and new high-speed rail link – both of which are already open – mean easier access to get to Murcia from the rest of Europe The news will be welcomed by overseas property investors in the Murcia and Almeria areas, as the new airport is expected to encourage more tourists to the region, thus pushing up property prices and increasing rental demand and growth.

Spain Investment Property

For a quick overview of Spain’s country profile and macro-economic indicators, click on Spain on the left-hand menu, then snapshot profile or go to STEP country profile to give you more in-depth information of the Social, Technological, Economic and Political profile for the country.

To give you more background as to why you might consider investing in Spain, go to the Why Invest section, or maybe look at the individual towns and cities profiled in each country's Towns section.

Spanish Holiday Homes

To see what property is available in Spain, go to the left hand menu and click on Properties, or simply click here on Spanish property or to do a Spanish property search click on Properties and then Property search on the left hand menu, or click on this Property Search link. If you cannot find what you like, please contact us on 01932 849536, as we often have more properties than are shown on the website.

Source: * AIPP annual market report, **Global Property Guide 07, Knight Frank ’07, RICs European Housing Review 2007 ***Homesoverseas.1.2.08
Map: Courtesy of Lonely Planet