The most demanded areas by foreigners to invest
Spain has become one of the countries with the highest demand for real estate in Europe by foreign investors.
Cities, such as Gran Canaria, Tenerife, Palma de Mallorca, Alicante and Malaga, are usually the most requested when buying a flat by foreigners, especially coastal areas, and more so if we talk about foreigners, who feel attracted by the climate, with average temperatures of 19 degrees during the year and more than 300 days of sunshine.
For this reason, and many more reasons, Spain has become one of the European countries where investing in residential property is one of the most profitable businesses, both for citizens and foreigners.
Let’s see which are the most demanded areas of Spain.
Not only is it one of the most important tourist areas in the country, but the Spanish coasts are also a great focus of real estate investment for foreigners. The entire region of Malaga, together with the eastern area of Campo de Gibraltar, are the places that concentrate the vast majority of investments by foreigners in the country.
For many, even, this area is responsible for the recovery of Spain after the real estate crisis. The extension of land, almost 300 kilometers long, includes some of the most desired locations by investors, such as Marbella, Fuengirola or Torremolinos.
Another area is the Balearic Islands, as is the case with the Canary Islands, where the maritime charm together with the different leisure and entertainment proposals attract the attention of investors.
Why did you choose our country?
There are different reasons why foreigners decide to buy a home on the Spanish coast. Among them, is the quality-price that it offers, its location, since in general there is a preference for those located in front of the sea, the designs of the houses or the luxurious urbanizations.
When choosing a property, above all what foreigners value most is that it be located as close to the beach as possible, with terraces, solariums and outdoor spaces. In addition, homes with all services nearby, or urbanizations with swimming pools, green areas, party rooms, a gym or a social club are also preferred.
As in everything, the magic formula does not exist. But the best way to stay informed and up to date on real estate investment is to stay informed of our news.