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Spanish Property Sales
The Spanish property sales market remains buoyant, with around 2.8 million foreign residents in Spain living their dream lifestyle. With increasing tourism figures and property prices still lower than many other real estate markets, it's unsurprising that Spanish property sales continue to flourish.
In the past four years alone, the British have increased their spending on overseas properties by 45%, their favourite destinations being Spain and France. The Spanish Ministry of Tourism predicts that more than one million foreigners will set up home on the Spanish coast in the next six years, and this figure is expected to treble by 2025. These statistics bode very well for the Spanish property sales market. Buyers seeking a strong buy-to-let market in popular locations are able to rent out their properties to help sustain their investments while waiting for capital growth to take hold.
Relative affordability has driven many first-time buyers unable to take the leap onto the property ladder in their home countries to turn to the Spanish real estate market instead. Spanish property sales are a far better prospect for many first time buyers than back home where prices have become unattainably high.
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