Spain's attractiveness to real estate investors on the rise in Europe
Real estate investors are constantly revising their positions to maximise the return and profitability of their capital. And in a global world, there are operators who can increasingly afford to withdraw or take positions in markets in very different countries, especially in community environments such as the European Union. Indeed, the European real estate investment map places Spain, along with Portugal, as the most sought-after country.
When investing in real estate, several factors are considered, especially taxes and duties, in order to ensure the profitability of the business. For example, in this area, the latest study by the British company "1st Move International", which specialises in removals and relocations between countries, ranks Lithuania as the best option for investment, followed by Estonia. Estonia is next. Why? Non-residents of the Baltic country can also buy property and the cost of purchase, including taxes, is considered low at around 1.3%. Following the same 'recipe', the worst countries to consider for property investment according to this report are Belgium, France and Greece.
Beyond the data, the reality or attraction lies elsewhere, and the report analyses which countries are the most popular according to Google searches, revealing that Spain and Portugal are the most sought-after destinations for buying property. Coincidentally, both countries have on the table the end of the 'golden visa', the visas that grant residence permits to foreigners who buy homes valued at 500,000 euros or more.
The popularity of Iberian countries increases demand and contributes to the chronic shortage of housing faced by locals, who are feeling the strain in the form of rising prices that flood the buy-to-let market and push them into renting.
From DEXTER's Business Development Department, Ángel García points out that "the international public, both individuals and business people, continue to look for Spain, they continue to look for Madrid, the Costa del Sol, the Canary Islands, the Balearic Islands... in general, the entire Mediterranean coastline. Sometimes it is for private purchases, but to a large extent for investment. As leaders in alternative financing with private capital focused on the real estate sector, we are not at all surprised by these trends," says García.
