Spain is a stunning and diverse country. It has everything for a rich and memorable holiday: huge beachfront, plenty of amusement, beautiful European architecture, and even ski resorts. Every year Spain is gaining more and more popularity among foreign tourists and investors. While observing all the most wonderful places, you can look at the real estate objects and think to buy property in Spain for expats.
Best tourist places
Spain’s most popular tourist destinations are Barcelona, the Canary Islands, Madrid, Seville, and some other famous places. Further, Spain’s most important and famous sights are presented to the attention of tourists, which every visitor to a beautiful country should see.
Sites of interest
The country has a well-developed tourism sector, and many cities and regions will interest travelers. The following places are especially in demand:
- on the northeast coast is one of the largest cities – Barcelona. Here for tourists and locals, there are 7 beaches, the Sagrada Familia, Park Güell with a temple and a labyrinth, shopping and entertainment centers, souvenir shops, cafes, and hotels of various levels. The architecture of the buildings is unusual, and many buildings were built by the famous architect Antonio Gaudi;
- Valencia is the third city in terms of population and the center of the district of the same name. You can walk along City Hall Square, look at the Cathedral, and visit the National Museum of Ceramics or the Museum of Fine Arts. The following are especially popular with tourists: the park-reserve Royal Gardens, the Central Market, the Biopark, restaurants serving traditional cuisine;
- Toledo is the province’s capital of the same name and is located southwest of Madrid. It is worth visiting the majestic alcazar fortress with a library and a military museum, walking along the bridge of St. Martin, going to the El Greco or Santa Cruz museum, sightseeing from the Mirador del Valle site, looking at the spectacular buildings of the town hall and cathedrals;
- in the south of Spain is the city of Seville, with a population of about 700,000 inhabitants. It is the capital of Andalusia’s autonomous community and Seville’s province. In this city, it is worth visiting the Museum of Fine Arts, the Archaeological Museum, looking at the building of the royal tobacco factory, and the Maestranza bullring. Also noteworthy are the Parasol metropolis, the Alamillo Bridge;
- in Andalusia, the city of Malaga is the administrative center of the province of the same name. Here is one of the largest cruise ports in the Mediterranean, and there is also an ancient fortress, a town hall, a bullring, an automobile museum, a modern art center, a museum of glass and crystals, the ruins of a Roman theater, a botanical garden, and a park;
- Granada is the capital of the province of the same name. The Alhambra palace complex, the Cathedral and the royal chapel, the Arab baths, and the Science Park – these sights are worth a visit for every tourist. Travelers will also be interested in the gardens of the Generalife, Mirador de San Nicolas;
- the city of Alicante is optimal for a beach holiday, with many hotels with a high level of service, well-groomed beaches, a busy port, and many museums and historical buildings. Various types of water sports, shopping, cruises, and yacht trips, a trip to the island of Tabarka, relaxing on the beach, and fun discos are available here;
- Zaragoza is located in the northeast of Spain and is the capital of the Autonomous Region of Aragon. There is a cathedral, an ancient fortress, and a basilica, but especially noteworthy is the stone bridge over the Ebro River, the La Seo tapestry museum, the CaixaForum cultural center with exhibition galleries and concert halls, the city aquarium with river species of inhabitants, the Hispanidad fountain-waterfall;
- Tarragona is a city in the region of Catalonia. Tourists here should look at the Roman amphitheater, the ancient circus, and the walls of ancient buildings, visit the Tarraco Plaza bullring, and the Roman aqueduct Devil’s Bridge. There are beaches here, as the length of the coastline is more than 15 km;
- Madrid is the largest city in Spain and the country’s capital. Ancient fortresses and graceful fountains are combined here with ultra-modern buildings, which include, for example, the 15-degree skyscrapers-towers of the Gate of Europe. Nightclubs and restaurants, parks and museums, large shopping centers, the Santiago Bernabeu stadium, where the Real Madrid football club trains – all this attracts active tourists.
Benefits of investing in real estate
Five major benefits of investing in real estate in Spain:
- The property will generate passive income. Many buyers of apartments and houses in Spain will agree that the passive income generated from such investments is the most beneficial aspect of investing in real estate; real estate provides tax benefits.
- Many real estate investments can take advantage of long-term capital gains. These are lower tax rates than regular income tax rates. This gives investors even more incentive to buy real estate. An investor can continue to buy and sell real estate without paying income taxes for many years; rental income from apartments in Spain during the holiday season allows you to quickly repay the loan.
- The rental flow can cover the loan payments when you buy an investment property and take out a mortgage. If you can generate positive cash flow and afford to recoup your property from rent, you will have a better chance of making a successful investment; real estate can be a hedge against inflation.
- Another benefit of investing in real estate is that it is a store of value and a natural hedge against inflation. Inflation occurs when prices rise due to the depreciation of a currency. Real estate is a unique asset because it has a personal use factor.
According to Spain-Real.Estate people will always need a place to live, and real estate will always have intrinsic value. Even if the entire monetary system collapses, real estate will retain its value quite well due to its useful characteristics; it is valued in the EU.
While the market can have ups and downs, home values usually rise in the long run. However, there are certain periods when the market value declines. In the long run, real estate generally rises and rises in price. This makes real estate an attractive investment as it can be a relatively safe store of wealth. Thus, investing in property in Spain brings you many benefits. Real estate can be a good investment if all factors are considered before investing.
Conclusion
Investing in Spanish real estate while traveling is a unique and exciting opportunity for the savvy investor. With its affordable prices, high rental yields, and favorable tax laws, Spain offers a wealth of investment opportunities. By working with local experts, considering short-term rentals, and being aware of the legal requirements, you can make the most of your investment and your travels. So why wait? Start exploring the real estate opportunities in Spain today!