Not for nothing do the Spanish claim to have ‘Everything under the Sun’. A modern democracy, Spain has a second-to-none transport system, beautifully designed cities and above all, some of the kindest and friendliest people on the European continent. This original inventor of Mayonnaise also boasts of a rich variety in local cuisine and wine. Add to this the natural geographical advantages of a great climate, a never-ending coastline providing guaranteed sunshine-beaches combined with an abundance of mountains. Little wonder then that it features on the top of the list of many second-home buyers and that Spain’s property market has increased by some 150 percent in the last decade.
The country became a major holiday destination in the late Seventies after its freedom from the dictatorship of General Franco in 1975. Since then millions of people have flocked there to holiday in the fabulous weather and an enviable lifestyle, and many have opted to buy homes on the Iberian Peninsula, like these cheap 1 bed apartments.
The Spanish Ministry of Tourism predicts that more than one million foreigners will set up home on the Spanish coast in the next six years, and this figure is expected to treble by 2025.
The Sunshine Coast
Although the vast majority come to Spain for the beaches, there’s more to the country than the Costas and its islands. Whether it is the jet-setting crowd looking for a rocking night-life, sports-maniacs in search of adventure sports, couples purchasing retirement homes or families wanting to spend a quiet holiday, Spain serves all.
The ever-popular ‘sunshine-coast’ – Costa del Sol and Costa Blanca still attract the most interest. However, investors are seeking new locations in lesser-known areas such as Costa Cálida, Costa de la Luz, Costa de Almería and Costa Tropical. These upcoming new well-designed and beautifully constructed areas are for many chasing a dream of a sunny-side home with the benefit of resort amenities. As on all the Spanish coasts, investment here still offers excellent rental yields from a buy-to-let property as well as solid returns on investment.