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REAL ESTATE IN SPAIN – AN INVESTMENT SOLUTION
Real estate is a solid and profitable option for people seeking to diversify their investments. In recent years, Spain has emerged as an increasingly attractive destination for foreign investors. In this article, we will look at some reasons that make the Spanish real estate market an excellent opportunity.
Find out some reasons to buy a property in Spain.
Safety
Spanish law offers owners a solid legal framework that protects and defends their rights. In several regions of Spain, such as Andalusia and Galicia, the inheritance tax and wealth tax were abolished. These regions also reduced property transfer tax and stamp tax on property purchase.
Capital Growth
Real estate is valuable in the long term. Unlike other volatile investments (such as stocks, bonds and mutual funds), which suffer large fluctuations, the real estate sector offers a steady and gradual increase in value over time. Real estate prices in Spain have risen 16% in the last 5 years, especially in large cities and coastal areas.
Generate Passive Income
Rental income in Spain increased over the three-year period. Being the second tourist destination in the world, Spain create a huge demand for holiday accommodations. Investing in real estate and collecting rent is a very profitable business in Spain, whether for long-term rent or holiday accommodation.
Generosous Tax Deductions
Spain offers soft tax incentives that reduce the owner’s tax bill by 70% or more (applicable to residents of the European Union). All property maintenance costs are compensated, including lawyer fees (to calculate the lease tax) and interest on housing credit. Once deducted, the property presents large return on investment.
Strategic Location and Quality of Life
With a privileged geographical location, Spain connects Europe with Africa and the rest of the world. It offers an excellent quality of life. Spain has a pleasant climate, beautiful beaches, rich culture and gastronomy, making it an attractive destination for both investors and those who want to live there, enjoying a stable and enjoyable life.
