Photo: Marbella, Andalusia’s flagship resort town.
By Raymundo Larraín Nesbitt
Director of Larraín Nesbitt Lawyers
12th of January 2018
Spain became in 2017 the world’s second tourism destination overtaking the United States of America. In what has been an impressive turn of events, Spain managed to pulverize records year-on-year for the past five years. Spain now trails only behind France… for the time being.
With 82 million tourists in 2017 alone, Spain has consolidated an impressive track record in the hospitality industry. To put it in perspective, Spain has witnessed a staggering 60% increase in tourism since 2012. British occupy the first spot with over 18 million tourists. Germany occupies the second position with 11.4 million and France comes third with almost 7 million.
An all-year-round mild weather, beautiful unspoilt scenery, great food, friendly natives, modern health and transport facilities, amenities and a rich cultural background make Spain a safe touristic hotspot to be reckoned with.
For almost 30 consecutive years Spain has led the world-ranking of Blue Flags awarded by the independent Foundation for Environmental Education. 2017 was no exception, Spain once more led unwaveringly the world’s ranking with over 579 blue flags trumping its closest competitor. Blue Flags are only awarded after meeting stringent requirements and are an indication of their high environmental and quality standards.
It is in this positive context that investors are flocking back to Spain showing increasing interest in the potential of buy-to-let properties (Spain is currently undergoing a two-digit rental property boom p.a.). A burgeoning real estate market coupled with a consolidated tourism industry are luring investors to foray into the market with a renewed sense of self-confidence.
Now, if we can only get Mr Farage to sit down and agree to a second referendum, that would make my day.
Larraín Nesbitt Lawyers is a law firm specialized in conveyancing, inheritance, taxation and litigation. We will be very pleased to discuss your matter with you. You can contact us by e-mail at firstname.lastname@example.org, by telephone on (+34) 952 19 22 88 or by completing our contact form.
Please note the information provided in this blog post is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarizing, whether in whole or in part, this article without crediting the author may result in criminal prosecution. VOV.
2.018 © Raymundo Larraín Nesbitt. All rights reserved.
* This article has been written by a third party not owned or controlled by Spanish Property Insight (SPI).
SPI disclaims any responsibility or liability related to your access to or use of any third party content.