With a thriving tourism industry, easy accessibility, and its hours of sunshine, Spain has been named the number one destination for UK buyers looking for overseas property.
Spain has an estimated population of around 47 million and the country has twice the land space of the UK but with a considerably smaller population. It’s a hugely popular destination with British ex-pats and holiday makers due to its relaxing lifestyle and tranquil way of living. Over 50 million foreign visitors flock to Spain every year and its local attractions and desirable climate continue to keep the tourist industry thriving.
Some of the most popular regions, such as the Costa del Sol, Costa Calida and Costa Blanca, impress not only with the sun and sand but with its attractive scenery and remarkable coastlines. With miles of beaches, famous golf resorts and a wide variety of bars and restaurants, there is something to suit everyone.
For the first time since the financial crisis began in 2008 the property market in Spain is seeing a phenomenal recovery. Mortgage lending, house sales and rental demand have all increased significantly post-economic downturn and new laws have been brought in to protect buyers from illegally built homes. In turn this means better quality properties are being constructed, as old small villas are replaced with contemporary homes that better reflect the Spanish lifestyle, making these properties more desirable to overseas buyers.