Property ID : Sol-VM21
For Sale €1,650,000 - Investment project
Brexit investment in Spanish real estate could be a smart move before or after the UK leaves the EU.
Uncertainties of what might happen to the market because of the UK Brexit decision can be countered by the certainty that Spain will remain a top attraction for investment and development geared to service the fastest growing tourism destination in Europe.
So long as the traditional sun, sand, saints and sangria remains on offer, the millions of tourists will continue to flock to Spain and need ever increasing places to stay and places to own.
That’s how it has been for 50 years and Brexit is unlikely to change things – despite Brits currently accounting for 25% of the property investors and providing the most vacation visitors by far… Rain belt citizens will always welcome a sun belt break on their favourite Spanish Costa.
2016 has seen massive investment in surplus property released by Spanish banks in the aftermath of the market collapse of 2008. US investment groups have wielded the strong dollar to acquire whole completed developments at knockdown prices averaging 44 percent of 2007 peak values. In many cases they have “remodelled” the schemes, increased the specification of villas and apartments and resold them with a 25% to 30% profit margin.
Brexit investment in Spanish real estate generates good returns
Now, six months after the fateful “Leave” referendum, similar British groups are being attracted back to Spanish property, led by savvy individuals who can sniff out bargains from 1,000 miles away. Some are already returning for more great deals as record levels of vacation arrivals are recorded within the hotel and holiday rentals sectors.
Currently, Spanish banks hold 200,000 unwanted homes, many of them in completed or nearly completed urbanisations in prime locations on the Costas. The results of up to eight years of mothballing need to be reversed by new owners and installed electrical equipment replaced. Swimming pools need to be tested and activated…
With boosted specs and good marketing new investors can generate a good return in what is now a strong market. Here’s the late exclusive best deals from Spanish banks and institutions:
Brexit investment in Villamartin Golf condominium
Location | Villamartin Golf Resort, Csta Banca south
Description | In single residential block with terraces, 100 metres from La Fuente Shopping Mall. Near beaches
Number of units | 21 2-bed apartments and enthouses with private solarium terraces
Average cost per unit | EUR 78,471
Total complex price | EUR 1,650,000
Invetsment ref | Sol-VM21
For site and apartments plans and full spec email email@example.com [Subject ref Sol-VM21]
Holiday-Spain video Villamartin
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