I think quality property in good locations will be a sound investment over that time frame. Shorter time frames are more challenging due to the high transaction costs in Spain, though anyone buying in places like Barcelona or Ibiza over the last five years would have done very well regardless. Spanish property is still relatively cheap after the bust, and mortgage borrowing is incredibly cheap, which should fuel demand. Stock markets are near all-time highs, bonds and saving accounts yield next to nothing, we’ve missed the Bitcoin boat, so it’s not as if there are lots of succulent alternative investment opportunities lying around. Plus you’ll get the utility value.
You must be logged in to reply to this topic.