You are here: Shelter Offshore » Property Abroad » Property in Spain
Sunday, October 12th, 2008
Summary: The Costa Brava in Spain is also known as the 'wild coast' because geographically it is such a stunningly diverse region with rugged mountains and cliffs and unspoilt beaches. It is the coastal region of Northern Catalonia which is one of the most interesting and culturally rich regions of Spain bar none, and Costa Brava real estate is some of the most attractive in the whole of Spain in terms of both your potential rental yield and also your base capital investment potential.
The Costa Brava in Spain is also known as the ‘wild coast’ because geographically it is such a stunningly diverse region with rugged mountains and cliffs and unspoilt beaches.
It is the coastal region of Northern Catalonia which is one of the most interesting and culturally rich regions of Spain bar none, and Costa Brava real estate is some of the most attractive in the whole of Spain in terms of both your potential rental yield and also your base capital investment potential.
The Costa Brava area of Northern Catalonia is home to some of Spain’s most popular towns and cities; the likes of Barcelona, Lloret de Mar and Gerona for example all offer fantastic real estate opportunities to those seeking strong rental yields. But it is important to note that high value short term rental yields the likes of which you can generate from the right properties in these cities, come at a price - and that price is literal and it is high and inflated real estate prices.
Catalonian real estate is expensive when you examine it in a stand alone capacity but it is actually very important to examine it in light of what you’re actually getting for your money.
By buying real estate in the Costa Brava you are buying into one of the most economically strong regions of Spain, a region with lower than national average unemployment and a region that alone produces up to 20% of the entire nation’s GDP.
Furthermore you’re purchasing in an area with the best golf courses, beaches, bays, harbours, theatres, museums, castles, shopping, restaurants, bars and nightlife in the whole of Spain. It’s the combination of all these factors that make the region so hugely popular and makes the real estate in Costa Brava so massively in demand.
Some of Spain’s most impressive cities, stunning beaches and coastal towns and villages are also located on the Costa Brava and so tourism in the region, which is already massive, is growing - so now you can see exactly how hot Costa Brava property really is and why you’re possibly paying so much more for your piece of the action.
In terms of the opportunities available to you for rental yield or capital growth, on the one hand you have Barcelona - possibly the most exciting, beautiful, stunning, exotic and breathtaking cities in Spain. Here you have both intense rental yield potential and possibly unstoppable capital growth potential.
The city boasts a high tourism demand for short term rental property, a high student population seeking medium term rental property, professionals employed in the city’s bustling economy seeking long term rental accommodation or real estate to purchase and businesses seeking commercial property to buy or let. The demand for real estate in Barcelona is therefore massive - and the supply is simply limited.
This situation will not change so you may have to pay a premium for your first purchase but this will rise in value consistently year in year out (baring any catastrophic unforeseen circumstances); and if you want to rent your real estate investment out for an income you will have people literally queuing up for the right property!
On the other hand you have Lloret de Mar - one of the hottest seaside destinations in Spain which has boomed as a result of new cheap flights and increased accessibility and which is now home to so many revellers and visitors during the peak season that the right properties are rented out for months in advance!
Costa Brava real estate is big business and if you want profit from your overseas property purchases you couldn’t do much better than investing in the property markets of the Northern Catalonian region of Spain.
Page 1 of 1