Leading Spanish property experts are stating that the Spanish Property Market is nearing the bottom. Cash flush investors are snapping up the remaining bargain properties in order to take advantage of the imminent recovery and projected property growth from 2015 onwards. Property experts warn that in order to take advantage of the projected growth and good rental yields (up to 7% in parts of Marbella/Costa Del Sol) property investors need to act quickly. Prices across Spain are estimated to be 30% down on 2008. The significant rise in foreign investors are beginning to drive the market in Spain particularly in the coastal regions which are popular for second homes and rental investments. The number of foreign buyers are estimated to be 25% up on a year.
Landsdowne Investment Property have a full Spanish team ready to assist you in finding the best property for your needs. If you require European residency, Landsdowne’s bilingual Spanish legal team can assist with every step of the process.
For more information please contact Jonathan Kohler on +27 82 904 0739 or jonathan@landsdowne.co.za or Alfie Chemaly on +34 646 555 971 or Alfie@landsdowne.co.za