Property in Costa Brava, Spain

This article discusses why we think that the Costa Brava will continue to offer great investment potential for the shrewd property investor both today, tomorrow and for many years to come.

Spanish property prices continue to spiral upwards and prices in the Costa Brava region of Spain are no exception.  But does this mean that by buying a home on the Costa Brava today you’ll be paying over the odds and making a poor property investment decision?

We don’t think so! 

Read on to discover why we think that the Costa Brava will continue to offer great investment potential for the shrewd property investor both today, tomorrow and for many years to come.

Before all the general talk about property being too expensive in the Costa Brava region puts you off even investigating the region let’s take a look at why, at first glance, property there can seem a little on the pricey side.

This, the Catalonia region of Spain has always been the ‘European’ heartland of Spain and it actually has a strong French influence and an equally strong economy.  The entire area presents a tremendous investment opportunity to both commercial and individual investors and Catalonia alone produces approximately 20% of Spain’s entire GNP (Gross National Product); the economy is stable in this region and it has been for years so it’s not really that surprising to see why property prices can initially seem to be a little over inflated...the region is simply highly desirable to so many.

Barcelona, the thriving capital city of Catalonia has property prices that are often similar to those found in the Spanish capital of Madrid.  However with shrewd investigation and research it is still possible to find comparative bargains in Barcelona; though often in need of renovation, the renovation costs on these properties will likely be small compared to the return on investment that can be expected with a thoughtfully managed property development project.

Treat Barcelona like any major world capital, don’t just expect to arrive and find the perfect property - take your time, find out about the latest up and coming areas, make an attempt to get ahead of the trend.  Speak to local property developers as well as estate agents and if your understanding of the Spanish language isn’t very good you should always make it a priority to find an unbiased friend or associate who will translate for you.  As with any property market, the more time that you spend getting to understand it, the greater your chances of making the right decisions and seeing the returns you expect from your property investment.

The costal region of Catalonia is the Costa Brava - we all know it so well from a million holiday shows, and for many of us from personal holidays as well.  The Costa Brava has a wealth of properties for sale that represent good investment value. You’ll find more detail about specific areas of interest in the Costa Brava in further articles on Shelter Offshore. 

Areas that you should include on your ‘must visit’ list will include the newly popular resort town of L’Estartit as well as the well established Blanes.  Blanes tends to be up to 15% more expensive that L’Estartit, however with property prices stable in both areas this fact in itself shouldn’t be the only deciding factor for your eventual property purchase.

Another popular costal town that you should also take a look at when searching for your perfect Spanish property in the Costa Brava is Lloret de Mar.  Within relatively close vicinity to the beautiful city of Gerona, property prices can be quite high in the town, however Lloret de Mar’s continuing and intensifying desirability ensures that there’s many more years left for profiting from property investing here!

The sheer beauty of the rugged and beautiful Costa Brava coastline provides unarguably one of the most beautiful backdrops in the world.  If this is your dream location for a holiday home in Spain or you’re considering making an investment property purchase here who can blame you?  Don’t let what can initially seem to be high property prices put you off.  Take the necessary time to investigate the Catalonian region fully, speak to people who’ve already made property purchases there and you’ll find some very desirable and potentially profitable properties are waiting to be snapped up by the savvy investor.