Spain as most of you is to be found in Southwestern Europe, bordering the Bay of Biscay, Mediterranean Sea, North Atlantic Ocean, and Pyrenees Mountains and is southwest of France. Spain has a land mass area of just over 500000 Square Kilometers and has a population of just over 40 Million. In fact over 60m tourists visit Spain each year that’s 150% of the whole population of the country

Spain is one of the major property markets in the whole world and still by some distance the biggest property market for UK Citizens buying property abroad with over 40% of all overseas properties purchased by UK citizens being in Spain. UK citizens make up a large percentage of the population in the Costas so much so that Telefonica (the British equivalent of BT) has English operators to deal with its UK customers living in Spain

Spain is a diverse and wonderful country with cultures within cultures from Catalonia to Andalucía, Canary Islands to the Balearic Islands and from Galicia to Madrid but all part of a special and wonderful country.

For such a big country it has over developed on certain Costas but if you were to travel inland you could literally not see a single person for miles and miles. Since the Euro came into force in 2002 the cost of living has risen quite sharply so much so that the traditional tourist destinations have noticed a downturn in revenue; however the official figures actually say there has been an increase. Even with a downturn in revenue spent Spain still remains the number one destination for UK citizens and more importantly the place that people who wish to leave the UK want to live.

Whilst in Spain it may be a terrible time to sell and a fantastic time to buy on the Costas demand and price continue to either increase or remain steady in the City centers. So much so that in Barcelona and Madrid you are now getting the old London effect of people selling up and moving out of the city and pocketing a large amount of money and changing their lifestyle in the process.

With the possibility to fly from almost any part of Spain to the UK within 3 hours as well as all the major European destination more and more people are relocating to the sunnier climate and more relaxed lifestyle of Spain. Its not just UK citizens who are compelled to leave their country and live a more relaxed and better quality of life.

International Hot property has Identified and researched property in Spain and has targeted the very best brand new developments at incredible prices, the prices are so good that if you wanted to build the property for yourself you wouldn’t be able to do so for the price being asked, obviously this would include all costs such as infrastructure, architects and planning fees. IHP have also targeted Top Quality projects where location is everything and is the choice for those wanting the very best and these properties represent a lifestyle choice rather than a great property investment.

WHY INVEST IN SPAIN PROPERTY?

The greatest place on earth but with such a diverse country the weather is very different in the north to the Andalucía south which is only 22 miles from Africa. Spain is extremely hot during mid-summer, in July and August. The rest of the year the climate is generally temperate in the north, but warm in the south. The best time to visit is during spring or autumn, except for the Atlantic coast, which has heavy rains in October and November. August is the busiest month, while May and October are the best times for both ideal weather and fewer crowds. Madrid and the high central area can get very cold during winter. The climate of Madrid is dry, warm and pleasant. It's high altitude and proximity to mountains causes some wide variations in winter and summer temperatures. In summer the heat at midday can be intense, with pleasantly cool evenings. Winters, by contrast, bring temperatures dropping to just below freezing. Rain in Madrid is a rarity, with a short rainy season in late October and some showers in spring.

What is now the 8th largest economy in the world has evolved from the regulated economy of Francoism as the latter started to fade out in 1975? In the 1960s Francoism initiated a set of deregulating moves away from its initial total control of the economy; these, along with large infrastructure projects and a gradual opening to tourism, resulted in the paramount economic growth almost overnight which came to be known as the "Spanish Miracle”. However, by Franco's death and the dawn of the constitutional monarchy, interventionism was still widespread: basic products like bread and sugar had their prices fixed by the government, large public firms controlled all sectors regarded as strategic (Telephone, tobacco, petrol, etc.), shops had fixed opening and closing times (although this also occurred in other European countries such as Germany), both passive and active interest rates were fixed by the government, etc. All these rigidities and more were made obvious by the 1973 oil crisis, which terminated the previous expansion cycle and unleashed a period of severe industrial crisis which lasted approximately a decade (1975-1985). This blow stressed the need to modernize the economy and join the European Community. Spain’s accession to the European Community, now European Union (EU), in January 1986 ushered the country into opening its economy, modernize its industrial base and revise economic legislation. The EU, with amounts of funds from the European Regional Development Fund- Spain greatly improved infrastructures, increased GDP growth, reduced the public debt to GDP ratio, reduced unemployment from 23% to 10%, and reduced inflation to fewer than 3%

Really not much to be said other than 60 million tourists a year in a country that only has 40 million people and with easyjet adding more European destinations to Airport such as Malaga (soon to be Spain’s new international airport ) the outlook will only get better.

Well as they currently say in Spain it is a terrible time to sell and a brilliant time to buy. However just remember that saying if you buy you don’t want to be a seller in the near future. Property in Spain represents excellent value because there is a dearth of property buyers and there is an over supply of property in certain parts of Spain, that situation wont last forever. When the property market picks up in Spain it will be the properties that were built after 2002 (wheu EU standard came into force) that will see the biggest increase and the first to realize buyers. International Hot Property has therefore targeted new build properties where the developers have reduced the prices to such a level that you couldn’t build for that much, representing incredible value. These prices in some cases are 35% less than a year ago. These prices represent incredible value for investors who are prepared to sit on their assets.

ALSO REMEMBER THAT INTERNATIONAL HOT PROPERTY IS UNIQUE IN THAT WE HAVE PERSONEL ON THE GROUND IN SPAIN THAT ARE NOT TIED TO ANY OF OUR DEVELOPMENTS. IN FACT WE ARE THE SPAIN PROPERY EXPERTS

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