With the sun beginning to set cold on property values in the UK,
Spain still offers a warm and enticing long-term investment prospect.
It is easy to see why. Spain sits at a crescendo of 1000 years of culture,
fusing ancient and modern within its vibrant cities. It embraces dance, theatre,
sport and fiestas as warmly as the sun that warms its shores 300 days a year.
Fuelled by warm summers, mild winters, fabulous scenery and exquisite cuisine,
Spain has benefited from a flood of international investment.
Spain generally has not been totally immune from the worldwide ‘credit crunch’,
though, and the soaring property values experienced over the last few years have
been relegated to memory. However, Spain is still the most popular place for British
people to own a second home. An exceptional lifestyle, proximity to the UK and a
wonderful climate still represent excellent value for money.
Spanish mortgages are also cheaper than those in the UK, with interest rates
significantly lower, making monthly repayments more affordable.
In emerging Murcia, home of Polaris World, the news is even better. Data suggests
that property prices, while well below the national average, continue to rise.
From €197k in 2005, average values reached €203k in 2006 and €211k the following year.
Driving the growth is Murcia’s vibrant new image as Spain’s undiscovered holiday hotspot.
The world is waking up to the region’s stunning Mediterranean coastline, benign climate,
cultural heritage and the largest saltwater lake in Europe.
Your heart will tell you to invest in Spain, but your head will be nodding in agreement.
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