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According to the Ministerio de Fomento, the Spanish housing market is extremely popular among foreign buyers. At least one of six houses is currently sold mainly to the British, French, Germans and Belgians. The Dutch are in eleventh place in this list. Property Registrars also agrees that the Spanish housing market is growing: in 2016 53,500 foreigners signed the contract of purchase of their Spanish dream home, in 2017 this number rose to 61,000. The most popular regions are Andalusia, Balearic Islands and the Canary Islands. But why are these regions so popular?
Find your peace in Andalusia
Although the capital of Andalusia is Seville, this region is best known for the city of Malaga. Foreign buyers like to look for a (second) home here, because house prices are relatively lower here compared to other regions. In Andalusia you have different city areas where you can settle in an apartment or penthouse. Would you rather live in a quiet area? Then look for a finca in the countryside, where you can enjoy the view of the beautiful mountain landscape every day.
The ultimate life on the Balearic Islands
The Balearic Islands consists of a number of islands: Cabrera, Formentera, Menorca, Mallorca and Ibiza. The main island of this group is Mallorca, which, together with Ibiza, is the most famous of the above list. On these islands you will find all the ingredients for the ultimate Spanish life: a pleasant climate, beautiful landscapes and beaches, a vibrant nightlife and many opportunities for relaxation. That the stress-free life here does a person good has been proven by a study by the University of Valencia: the life expectancy here is on average 79.3 years for men and 85 years for women. The Balearic Islands are a popular destination for tourists (with a long season from April to October), but also very popular for rental and investment purposes.
The Canary Islands remain popular
One of the biggest reasons why the Canary Islands are a popular region to buy a home is the pleasant climate. Here you can enjoy an even climate all year round, with temperatures around 22 to 25 degrees. In Spain, the different regions are mainly touted as the perfect destination to fully enjoy the sun, but there is much more to be found. When you buy a home on the Canary Island, you imagine yourself daily in a beautiful environment, where it is also possible to go into the mountains.
The second reason why the Canary Island is so loved by foreign buyers actually stems from a completely different reason. According to the Instituto Nacional de Estadística, the Spanish National Bureau of Statistics, there are relatively few rental properties available in this region. That is why buying a house in the Canary Islands is the best option to settle here.
Price-determining factors
There are a number of factors that determine the price of a property in Spain. Consider, for example, the location; a house on or near the coast is relatively more expensive than a finca in the countryside. The condition of the house, the type of house and the surrounding facilities also play a major role in the final price determination. In addition, keep in mind that it is often also possible to negotiate this amount. Dream Properties International not only helps you find the home that suits you, but also offer you personal guidance during the purchase process when you want to make an offer on a home. Please feel free to contact us for more information.
The second reason why the Canary Island is so loved by foreign buyers actually stems from a completely different reason. According to the Instituto Nacional de Estadística, the Spanish National Bureau of Statistics, there are relatively few rental properties available in this region. That is why buying a house in the Canary Islands is the best option to settle here.
