marshall pinder spain

Costa Blanca Property
 
 

www.mp-spain.com  

  
Search:

Home | Investments | General Tips


North Costa Blanca Investment Property

By: Objock

North Costa Blanca Investment Property


Despite rumblings to the contrary North Costa Blanca remains an attractive proposition for property investors. The Spanish property market in certain areas, including parts of South Costa Blanca, is suffering from oversupply. New off-plan property developments are exceeding demand, causing prices to drop in some regions of Spain. Sale of Spanish property is slowing as a result.

In North Costa Blanca oversupply issues are not nearly as acute as in some other parts of Spain. The relative exclusiveness of the resorts in this region, including the likes of Moraira, Javea and Jalon, have helped to stabilise the property market. Around some towns in the North the planning and building of new developments is now severely restricted.

That said, investors must remain cautious when investing in Spanish property. Profiting from the Spanish market in the short-term is becoming more and more difficult, especially if investors are looking to discounts offered on off-plan properties to achieve this. Instead, investors must look at Spanish property as either a long-term investment, or as harbouring the opportunity to add value for rental and capital gain. Let's look more at these options below…

Long-term property investment in North Costa Blanca

Historically, Spanish property has been seen (and still is seen) as a safe long-term investment. In the past, even though some years have seen negative price growth, the overall trend has been one of increasing property values. It is often said in property investment that the past is no guide to future returns. It does however give a very strong indication of what could happen - and for North Costa Blanca the future appears very bright indeed.

Adding Value for short-term gains

Demand and supply dynamics aside, shrewd investors can always make a profit from their North Costa Blanca investment property. All they have to do is focus on adding value to the property - perhaps by applying for planning consent, adding features to the property or renovating the building. If the figures work out the property could be sold on at a profit after just a few months hard work.

Spanish mortgages

Mortgages for investors in Spanish property are available from a variety of sources. Euro mortgages are good value in Spain. The European Central Bank has lower interest rates in place for the Euro compared to Sterling in the UK. When you take out a Euro mortgage you'll make your Spanish property purchase a lot more affordable.

Foreign currency mortgages and multicurrency mortgages are available too. Loans denominated in Japanese Yen can be acquired for property in Spain at interest rates that are as low as 1.75%! If you choose a multicurrency mortgage and play the exchange rate game you could end up reducing your total Spanish mortgage debt very quickly indeed.

Article Source: http://www.mp-spain.com/articles

John Tweedy
We can find your dream Moraira property or homes on the Costa Blanca in Spain.

Please Rate this Article

 

Not yet Rated

Click the XML Icon Above to Receive General Tips Articles Via RSS!
Additional Articles From - Home | Investments | General Tips
Spanish Article Directory
Browse our articles about Buying in Spain, Living in Spain, Tips and advice.
Use of our articles
You are welcome to copy/use our articles - providing the FULL article is used complete with ALL links

If you wish to ADD articles to Article Directoy...

Sign Up for a free account or learn more.
Submit Articles
Member Login
Top Authors
Most Popular Articles
Submission Guidelines
Ezine Notifications
Article RSS Feeds
mp-spain Home Page
About Us
Forum
Link to Us
Contact Us
Terms of Service

Powered by Article Dashboard