Madrid is the New King of the Spanish Real Estate Market
¿What is it that attracts people in Madrid?
First of all, the daily routine and nightlife in Madrid is becoming increasingly famous all around the world, followed by many of its innovations in the culinary scene and its plenty of famous football groups. The city is on the rise when it comes to the quality of life of its citizens and it does offer many unique neighbourhoods that cover all sorts of customers’ needs. Moreover, it is the more stable of the two cities when it comes to politics.
Other Reasons on Why Madrid is Attracting so Many Investors
Madrid has become one of the key safe havens for South American investors which is another important reason for its dominance in the market right now. People coming from less stable Spanish speaking countries pick Madrid as their second home, or more like an escape route they can use in case anything bad happens to them or their business back home. This is made more reasonable by the Spanish government which also tries to turn Madrid into one of the business capitals in Europe, thus on a global scale. That would make it easier for every businessperson, who compromise the majority of people interested in Golden Visas to actually pick Madrid since then they know that they can easily continue their operations from the safety of a stable European capital city whose government continuously improves its infrastructure for better business opportunities.
CAN I BUY A HOUSE IN MADRID AFTER BREXIT?
Yes! If you are British and you are thinking of buying a house in Madrid to retire you are still allowed to do so. However, you will be subject to the Non-EU regulations, which make the path of buying property in European Countries a little bit more complicated. Applying for a Spanish Non Lucrative Visa might speed the process of purchasing the house.
Life in Madrid is exciting and very diverse. As the fourth most populous city in Europe, it is also a popular expat destination.
Hay tantas cosas que te encantarán de vivir en Madrid. La arquitectura, el ambiente cosmopolita … Pero, sobre todo, está su calidad de vida.
“SPAIN, THE BEAUTIFUL COUNTRY OF WINE AND SONGS”
YOUR PLACE IN THE SUN IS WAITING
In Spain the rain really does stay on the plane – as the popular saying goes. Known as Europe’s sun-trap the Mediterranean nation’s sunniest areas sees over 3,000 hours of sunshine per year (according to the Spanish Statistics Institute). That means more than a third of the entire year is bathed in sunlight.
Spain is a mainstay of the relocation, second home and buy to rent property market. If you’re looking to buy a property in the land of tapas, wine, long beaches and beautiful countryside then the good news is the process has been well defined over the years.
RE/MAX is one of the most recognized and trusted real estate brands in the region, and with over 1,000 associates working in over 90 offices across the country, you’re never too far away from an expert who can help.
WHAT TYPES OF PROPERTIES ARE AVAILABLE?
In Spain there are a wide variety of property types for sale. If you’re looking in urban areas, then apartments and condos can be expected. But venture a little further out of the city and you can find townhouses, villas, residential housing estates, bungalows and farmhouses. Spain is still an attractive location for more and more foreign buyers wanting to move to rural areas, or Spain’s famous coastal regions.
WHAT DOES AN EXPAT NEED IN ORDER TO BUY IN SPAIN?
Spain actively encourages investment from foreign investors, both as a potential resident or non-resident of the property. There are no limits for non-Spanish citizens to buy property in the region: whether it’s commercial, residential or land. Purchasing a property worth more than € 500.000 could entitle the purchaser to a ‘Golden Visa’ – a long-term residency permit for those investing over a certain amount in the country.
To buy a property in Spain all the necessary documents must be translated by a recognized translator and provided to a Notary, the Land Registry and financing bank.
Mortgage conditions are the same for foreigners as they are for Spanish passport holders.
REAL ESTATE FACTS
- Transaction costs are moderate
- Landlord and tenant laws strongly pro-tenant
- Buying real estate in Spain is a safe investment and an excellent investment right now.
The investment visa process in Spain is not complicated and is relatively quick, as long as the necessary documentation for the process is gathered and the requested requirements are met.
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