Have you always dreamed of buying a nice little house or a beautiful apartment in a sunny country? Are you particularly fed up with the gloomy Belgian weather and also… its rampant taxation? And what about real estate in Spain?
Well, you are not alone, and many of our fellow citizens and European neighbors think like you. So, what is this country where the weather is so beautiful, close to us, with a rich culture and one of the best cuisines, and which, an attractive feature, has an ultra-attractive real estate market compared to all its European neighbors? Well, Spain Madre de Dios! So take the plunge and sing with us: “We’ll all go, all go, all go to Tore Moulinos“. Here’s the scoop on your next move…
Simulate your mortgage online
22%, yes, 22% is the increase in the number of real estate purchases in Spain between the second quarter of 2012 and the second quarter of 2013. So who are the Europeans taking the bull by the horns? As usual, the British are fond of it (understandable when you know the salary level in England and the dreadful weather there).
They represent 15% of real estate transactions; the French (seeking happiness elsewhere) account for 10% of buyers, the Russians (who have succeeded) represent a percentage of 7.6%, and… the Belgians rank fourth with 7.5% of purchases. For information, in 2007, Belgians represented only 2% of purchases in 2007…
Proportionally, the Belgian even appears as the leading real estate investor in Spain, and they mainly buy second homes in the north and south of the Costa Brava (Alicante, Altea, Calpe) as well as, of course, on the Costa del Sol (Malaga, Marbella).
The real estate crisis in Spain in a few figures
40%, yes, it’s indeed 40% on average that the real estate market has lost since 2007 in Spain. Spanish banks, which had massively invested between 2002 and 2005 in real estate, find themselves with a real estate stock on their hands that they no longer know what to do with. A misfortune for the Spanish citizen who is hit by an unprecedented crisis and cannot take advantage of it. Nearly 40% of young people under 28 are unemployed in Spain, and nearly 20% of the active population is as well.A boon for the British, the French, the Russians, and… the Belgians
