Barcelona, Madrid, Mallorca, Alicante ... Spain is a country of charming cities and marvelous beauty of landscapes, blessed with a desirable climate and amazing culture that has given the world great artistic and literary heritage, world-famous cuisine, and much more. Spanish artists such as Goya, Velasquez, Picasso and Dali, had a tremendous impact on world art. The famous 'Don Quixote' of Cervantes is considered by many to be the best literary novel ever written. If you want to live in this magnificent and cultural country, you should definitely consider getting properties in Spain.
Choose your own properties in Spain
Choosing from thousands of attractive real estate offers, you will surely find the perfect option for you. Spain has got something for everyone: if you dream of a beach house, we recommend the cities of enchanting Mediterranean coast, such as cosmopolitan Barcelona, colorful Valencia, vibrant Alicante, festive Ibiza and, most notably, stunning Mallorca. If your wish to have a dose of adrenaline and lots of fresh air, lively Costa de la Luz and the Canary Islands, famous among water sports lovers, are the ideal choices for you.
In recent years, property prices in Spain fell by 30-40% compared to its peak in December 2007. In May 2013 the average cost of housing in the secondary market of Spain fell below 2000 Euros per square meter. It is important to note that in Spain foreigners can count on getting a mortgage to buy real estate at 5-6% per annum with an initial installment of up to 50-60% of property value. At the same time, the loan amount must be at least 100,000 Euros. Thus, buying a house in a Spanish resort has become more affordable.
Popular regions for purchasing property in Spain
The most popular regions for buying property in Spain among foreigners are the islands of Tenerife (Canary Islands) and Mallorca (Balearic Islands). In Mallorca, the cost of the apartments starts from 100,000 Euros, while in Tenerife it is possible to find an apartment for 60,000 - 80,000 Euros. Collateral real estate, i.e. seized by banks for debts and exposed for an auction at reduced prices, also became very popular among investors.
If you are willing to purchase real estate in Spain, check the following link:
https://www.domaza.co.uk/properties_in_spain/