Geopolitical tensions, Europe’s energy crisis, and surging inflation are roiling the foreign exchange markets, creating extraordinary buying opportunities in Spain for house-hunters holding US dollars, argues Marbella-based lawyer Raymundo Larraín Nesbitt.
By Raymundo Larraín Nesbitt
Director of Larraín Nesbitt Abogados
The ECB’s erratic and lacklustre monetary policy, always lagging behind the resolute path set by the US, translates into a weak euro. The Fed has no qualms to firmly hike the price of money to stave off inflation – unlike in Europe. As a result, the US dollar has hit an all-time high against the euro, even reaching parity multiple times.
In plain English, Spanish (European) property has now become dirty cheap for US investors. Savvy investors have picked up on this, and the smart money is flowing in to invest in large cities and sought-after areas, buying second homes.
Not least, is the fact that Spain is living a sweet property boom over the last two years, with resales appreciating 8.5% and offplan by 10% YOY. This is the cherry on top that sweetens the deal.
Did I mention that US nationals can benefit from a coveted Golden Visa on investing in Spanish property, allowing them unfettered access to a country in the Schengen Area, bypassing the pesky 90-180-day rule?
Bottom line, for our US cousins buying Spanish (European) property now is a win-win
At Larrain Nesbitt Abogados we have over 19 years’ experience buying, selling, and renting properties. We are also specialized in taxation, immigration & residency visas. You can contact us by email at firstname.lastname@example.org, by telephone on (+34) 952 19 22 88, or by completing our contact form to book an appointment. Our team of native English-speaking lawyers and economists have a long track record successfully assisting expats all over Spain. You can review here our client’s testimonials.
Larraín Nesbitt Abogados, small on fees, BIG on service.
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