Spain's coastal area is one of the most popular and sought-after tourist destinations for second homes, due to its climate, gastronomy, air connections and quality of life, among others. Investing in the Spanish coast is a safe asset, as it has been proven that over the years, its value is maintained or increased.
Not forgetting the option of renting and generating income each year for your property. Nowadays it is no longer just the summer months, as practically all year round there is a demand for rentals, thanks to our mild and sunny winters. In particular, the towns of Moraira, Jávea, Benissa and Altea are the most sought after by British and Central Europeans, to spend their holidays and leisure time here, both in summer and winter.
The Spanish Levante coast is considered to be the Miami of Europe, the infrastructure of its beaches, the nautical, cultural and sporting leisure among others, all framed by blue skies and the perfect climate. So in principle buying a property in one of these villages on Spain's Costa Blanca is always a good time. It will depend on several factors, which you should consider:
As is well known, in the real estate market, there are down seasons and up seasons, where there is more demand to buy. Ideally, and if you are simply thinking of investing your money, you would be interested in buying when the price is low and the trend is upwards.
But there are many more factors to consider, for example maybe you are thinking of retiring, and you don't want to wait until prices tend to fall. It is important to have the services of an expert real estate agent, who has access to the best opportunities, helping you not to waste time and money.
There is currently a huge demand for holiday rentals in the Costa Blanca area, and property owners generate a good income, making a return on their investment year after year. This way, you are much less exposed to losses, if you decide to sell the house for any reason, and it is not the best time to sell. Since during the years you have owned the property, the money generated by renting it out has covered the annual expenses of the property and has brought in an annual profit, not to mention the personal enjoyment of your property on the coast during your holidays.
Another important point to take into account, in case you need some kind of financing. We must study several proposals and see the conditions in detail. The conditions in your country also help to decide whether it is a good time to buy a house in Spain or not. You may not be interested in having money in the bank because it is not earning any positive interest or it is even costing you money out of your pocket to have the money deposited in the bank. Real estate has proven to be a safe long-term investment.
Let's face it, you only live once, and we want to be able to enjoy our life, and we want it now. It may be wiser to wait for prices to come down (we don't know when, we could be talking about 5 or 6 years) but you want to enjoy yourself now, with your partner and/or your family. There is always the option of renting a house for your holidays, and we recommend renting at least twice, to see if it really is the ideal place for you and your family. When you are sure that this is the place, then it is a good time to buy.
There are many tourist destinations in the world, with beautiful beaches and good weather, similar to Spain, but their political systems are much more fragile and therefore much more risky when it comes to investing. Spain has been a member of the European Union since 1986.
If you are British, the exchange rate is another factor to take into account, to determine whether or not it is a good time to buy a villa in Spain. If you have decided that you want to buy your home on the Spanish coast, let an expert in currency exchange advise you. They will be able to advise you when you take the plunge. Currently and during the last year, the exchange rate has been quite stable, between 1.21 maximum and 1.11 minimum.
The ideal place for cyclists during the winter, thanks to the climate and steep mountains, the ideal place to relax on the terrace, endless trails for long walks and to discover its roots, traditions and customs, the popular summer fiestas with orchestra and fireworks, its sunny terraces full of people and activities for all tastes. Its sunny terraces full of people and activities for all tastes - like in Spain, you can't live anywhere else! Soaking up their culture and social environment is something very special and enriching, recommended for at least one stage of your life!
Owning a property on the Spanish coast is much cheaper in all aspects, compared to countries like England, Germany and Holland for example. Electricity, water and gas, although they have all gone up, are still much cheaper than in central and northern European countries.
Petrol and going out for dinner or lunch is also much cheaper in Spain, not to mention that service and quality are always present.
Thanks to all this, Spain will always be an affordable, safe and quality place to spend a good holiday, which will give additional value (the rent) to your property.
In conclusion, it is a good time to buy a property in Spain, there are still good prices and opportunities in the market. It is true that prices tend to rise, but this seems to be the general trend in all major European cities and in the most beautiful tourist resorts, such as the Costa Blanca.
At Brassa Homes® - Moraira Estate Agents since 1979, we can help you find the home of your dreams at the best price on the market. We will attend you in a close and friendly way, we will listen to your needs and we will always be available for you.
