Owning Property in Spain

"A Place in the Sun" or "Holiday Homes from Hell"?  Which will it be? Owning property in Spain has never been so popular and accesible due to better communications and the desire to escape the rat race.

Just take the example of the UK.  According to Google Answers about Foreign Property Investment from the UK,

• 500,000 Brits own a property in Spain. 36% of the tourist housing stock in Spain is owned by Britons. 37% of second homes owned by Britons outside of the UK are located in Spain. (Source: A to z of Spanish home buying jargon. 13/01/2005. HBOS plc.)
• British investment in Spanish property hit £12bn in 2004. In that year Britons bought 75,000 homes in Spain. Average price was £160,000. (Source: Brits feel at home in Spain. Phillip Inman. November 6, 2004. The Guardian.)
• In five years the UK Spanish Property market will be worth £21 billion. (Source: Half a million of us have bought a place in the sun. By Nicole Martin. 04/11/2004. News.telegraph.)
• Prices of resale homes in Spain are rising faster than those for new-builds for the first time in a decade (Source: Spanish resale homes see boom. 25 April 2005. The MoveChannel.com.)

OwningPropertyinSpain.info offers hints, tips and advice for many of the more popular destinations of dream-home owners as well as some of the upcoming locations.

In partnership with PropertySecrets.net we also bring you Spanish Property Secrets for property investment deals and other investment opportunities and presented in a form that enables you to clearly understand the nature of the opportunity and to easily take action to invest if you so choose.

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5 million people will migrate to Spain - Over the next three to four years, the number of non-Spanish people living in Spain is predicted to increase from around 1.11 million (in 2001) to about 3 million by the end of the decade.

Spanish property is now a serious investment that might make or lose you a lot of money, and has the potential to give you pleasure or headaches in equal measure!

Owning Property In Spain gives the lowdown on the do's, don'ts and maybe's to help you decide whether owning a property in Spain is for you.

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