Investment experts consider the Spanish real estate market as a good shelter for savings, which will allow many investors to survive the unfolding global economic crisis, inflation and a number of other problems that are already firmly entrenched in the global economy relatively painlessly. This was stated by Luis Emilio Vegas, CEO of Premier Personal Brokers and former president of the Venezuelan Chamber of Real Estate (CIV). He devoted about 30 years to real estate brokerage, worked in Caracas (Florida, USA), and now works in Madrid (Spain).
Vegas points out, looking at the experience of working in Latin America, that more and more wealthy Latin American investors are becoming interested in international investments and it is Spain with its real estate that is one of the most attractive destinations. The country is already extremely popular among European buyers and investors and interest from such a large region as South and Central America represent Spain in a good light.
Why is it worth investing in Spain?
According to Vegas, the first advantage of Spain is significant legal security for investment and noticeable economic stability of the country. This is extremely important against the background of the current volatility of the global economy and markets. Spain has sufficient strength in economic terms, but it is the real estate market that stands out, supported by high demand from European buyers. In other words, Spain is one of the safest options for investment at the moment, which at the same time allows you to expect good profits, and not just a "piggy bank" for savings.
Available investment opportunities
The businessman explained that today one of the most popular forms of investment in real estate in Spain is the purchase of objects under construction, that is, off-plan investments, which are characterized by low purchase prices and a high increase in the cost of objects by the end of construction. In this case, it is necessary to look for projects that promise a relatively short construction period. Another option is to purchase an object and renovate it, followed by waiting until the object itself is rented out to compensate for downtime.