Spanish property is one of the most profitable acquisitions in the global housing market. It occupies a leading place among the prestigious states that, in spite of their status, offer quite reasonable prices. The main share of purchases is accounted for holiday homes along the coast, which is understandable. The country has a rich variety of real estate, but the most preferred are private houses and villas. Multi-family residential complexes are more common in large metropolitan areas. Seaside properties in Malaga, for example, are favorable for investment, since it is primarily a prestigious resort.
The city of Malaga is the administrative center of the eponymous province in the south of Spain. It is an important transport hub, the largest port and a student center at the same time. Malaga is also one of the cultural centers of Andalusia - Malaga Spanish Film Festival helds there, besides it is the birthplace of Antonio Banderas and Pablo Picasso. This large city is perfect not only for holidays, but also for a permanent residence. Malaga’s airport is the third largest in Spain. The city is also rich in attractions, including the ruins of the Roman Theater from the I-st century, the palace-fortress of the Moorish Kings from the XI-th century, Cathedral in Renaissance style from the XVI-th century and many museums. Having your own real estate in this city - promising and prestigious.
As for the cost, the housing in Spain cannot be called cheap, but it is quite affordable for investors with an average income. Especially profitable are sales of banks, in which the mortgaged housing is 50-70% cheaper than on the market. Magnificent apartments of approximately 80 square meters on that kind of sales can cost about 80 thousand Euros.
Property in Spain gives you the right to issue multi-entry Schengen visa, which is also important for investors from non-EU countries. Another nice thing is that the foreigner has the right to buy a house in the country in the mortgage under the sparing interest. In case of purchase of collateral real estate, taking a loan, you do not have to pay the initial fee.
