Although historically it has been coastal areas that have attracted UK house hunters, Spain’s interior regions have experienced a surge of interest in recent years. Large expatriate communities can be found in the resort areas of Costa Blanca, Costa Brava and the Costa del Sol where property prices have more than doubled since 2003.
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Spain continues to enjoy mainland Europe's best climate and basks in sunshine virtually all year round. More and more people are retiring early and discover that it's not easy to pursue a healthy lifestyle in cold climates. Golf, al fresco dining, a dip in the pool, a walk on the seafront are not readily available on your doorstep in most capital cities.
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There is a growing popularity in buying off-plan property in Spain, where a developer decides to build a number of properties on a large plot and needs to sell them before they have been built to fund the development. The advantage here is that you can secure the property by paying a deposit and then a percentage (usually around 30%) of the purchase price.
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The Spanish property market is still experiencing a boom in foreign investment. With property prices in some areas in Spain increasing at approximately 255 per year, the market is experiencing a rush of foreign investors, primarily from the UK and Ireland.
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The dream of buying a property in Spain has been realised by hundreds of thousands of foreigners as Spanish holiday homes. Property investment in Spain has become very popular due to the wonderful weather in Spain and the abundance of excellent facilities, such as golf.
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