WHY INVEST IN SPAIN?
Investing in real estate in Spain today can be very convenient due to the fact that Spain offers real estate at significantly lower prices than in 2008. At the moment, many foreign investors are buying real estate in Spain that in 2012 has double the sales of real estate to foreigners.
It is therefore estimated that the value of real estate will increase in the coming years, especially for properties in the Balearic Islands, where an increase of value is expected to be up to 20%.
When you are planning to invest in the exclusive real estate sector, the two main elements to consider are the location and quality of the product. However, the property price should also be of some relevance for those who intend to buy a home. Due to the many Spanish properties offered, combining exceptional quality and incredible location at a really reasonable price, investing in a high standing property is strongly recommended to anyone planning to venture into a financial adventure in Spain. In recent years, Spain has witnessed a fall in its property prices due to the economic crisis, which hit mostly the luxury real estate sector, where the average house prices dropped by 20% to today it is possible to find real estate from the undisputable value at very advantageous prices.
Despite this economic downturn, it can be assumed that a market recovery and a rise in house prices are expected to emerge on the horizon, and consequently investing in a property in Spain today could ensure a very positive return on investment.
WHY INVESTING TO CANARIES?
The Canary Islands are located in the Atlantic Ocean facing the west coast of Africa.
The archipelago is made up of seven major islands and other smaller ones divided into two provinces: the Las Palmas Province, formed by the islands of Gran Canaria, Fuerteventura and Lanzarote, and the westernmost province of Santa Cruz de Tenerife, is formed by the islands of Tenerife, La Palma, El Hierro and La Gomera.
The Canary Islands are part of Spanish territory and are fully integrated into the European Union. The headquarters of the capital are twofold, divided between the cities of Las Palmas de Gran Canaria and Santa Cruz de Tenerife.
The archipelago offers all its important fiscal facilities in its territory, provided for by a special Economic and Financial Regime (REF), as it aims to promote the economic and social development of the islands.
The seven islands that form the Canaries are however all famous for their climate from “eternal spring”; This is why they are the third most important tourist destination in the world.
The fresh breath of the Alisei and the Canary Stream moderates the torrential temperatures due to the nearby Tropic of Cancer.
The result of this combination is a microclimate with sea water that stays between 18 and 23 degrees throughout the year. The outdoor temperature varies in the different islands, however, rarely however, the average drops below 20 degrees in winter or rises above 30 in the summer.