As one of the hottest tourist destinations in Europe, Spain has huge potential in property investment for overseas buyers. The Spanish governments put many abandoned villages on sale recently, which provides golden opportunities for real estate business. Foreign investors could renovate those villages into hotels, restaurants or residential projects. Besides, the gorgeous views, pleasant weather, established infrastructure in Spain has already attracted millions of tourists every year. The booming tourism industry promises great returns for any kinds of property investment.
Abandoned villages in Spain for sale attract global investors
According to the context, the Spanish government has found solutions for repopulating abandoned villages: put them up for sale. For example, the Salto de Castro village in northwestern Spain was just sold for 260,000 euros. This village has 44 homes, a hotel, a church, a school and other facilities. Although it may need millions of euros to fully renovate, such low price and abundant housing resources still make the village very attractive to investors worldwide. Foreign buyers could develop residential compounds, hotels and other establishments there.
Portugal golden visa program benefits overseas investors
The Portugal golden visa program provides perfect options for global investors in terms of visa-free live and work. Applicants could get Portugal residence permit through 500,000 euros property purchase with very convenient requirements. Besides, Portugal also has nice living environment and welfare policy supports. Therefore, the Portugal golden visa program gives foreign buyers another smooth channel to conduct Spain property investment.
Spain has natural advantages to boom real estate markets
Located in southwestern Europe, Spain enjoys a Mediterranean climate and has one of the warmest weather conditions in the continent. Its beautiful coastline, spectacular natural landscape, exotic architectures have attracted millions of tourists every year, making Spain the second most visited country after France. The huge demand from tourists promises great potential for hotels, residential projects and other property investments targeting vacationers.
EU policies facilitate Spain property transactions
As an EU member state, Spain follows EU laws and regulations regarding real estate purchase from overseas buyers. Foreign investors could easily move funds for deals or manage properties after purchase. Besides, compared with UK and other non-EU countries, Spain property investment could avoid potential impacts of Brexit.
In conclusion, purchasing abandoned villages, leveraging golden visa programs, utilizing natural tourism resources as well as under EU policy supports, overseas investors now having emerging opportunities to conduct profitable property investment business in Spain.