
Steps, reasons, motivations
It's the right time to invest in Spain!
Why is it time to invest in Spain?
- Spain is one of the world's most popular tourist destinations.
- A drop in unemployment by 72,800 in the fourth quarter of 2013.
- Increase of 0.1% in GDP in the fourth quarter of 2013.
- Improvement in consumer confidence on the Spanish market at the end of 2013.
- Development of the Spanish economy: 0.2% in 2014 and 1.5% in 2015.
- Exports are in full development thanks to emerging countries contributing to the rise in GNP.
- Competitiveness costs of have improved with a slowdown of salaries in 2012.
- Increase in business investment in 2014 of 0.2% and 2.5% in 2015.
- Drop in real estate prices of over 40% in recent years.
- Bill Gates is backing Spain with a 113.5 million Euro investment in the company Fomento de Construcciones & Contratas SA.
- Alfonso Galobart, Director of CBRE in Spain mentioned that according to figures from notaries, the price of real estate increased in the final quarter of 2013 for the first time for 5 years and that the arrival of large investors such as Goldman Sachs and Blackstone buying up large real estate portfolios in Spain shows that the real estate market has reached the bottom and now its time to invest.
- Increase in interest from Middle Eastern countries of 2500% in 2013 compared to the same period in 2012.
- Opportunity to become a resident for everyone outside the European Union with the reform to the "Golden Visa". The condition is that you buy one or several properties with a value over €500,000.
- Foreign investors have injected 45,000 million Euros into Spain during the first 10 months of the year.
- If we consider the curve below, according to the source Market Oracle, 2014 should be the right time to buy.
Sources :
www.marketoracle.co.uk
www.news.kyero.com
www.lefigaro.fr
www.zerohedge.com
www.taylorwimpeyspain.com
www.pie-mag.com
www.online.wsj.com
Steps to invest in property
- Get in touch with Palmera Blue
- Someone from our team will call you to have a telephone conversation or at our agency in La Roche sur Foron to identify your needs
- We will explain the types of investment options and we will present the latest opportunities
- If necessary, we will do field research to find your dream home
- We will meet up again to go through all the proposals and for you to meet our mortgage broker
- Inspection visit to view the properties, usually 2 or 3 days (depending on flights schedule)
- If you decide to reserve a property, you will meet your lawyer, Montserrat and you will sign a reservation contract
- Once back to your country the finance has to be sorted out. Our mortgage broker can provide proposals
- Signature of the title deeds and you become the new owner.