Britain’s favourite holiday destination is still Spain and Britain’s favourite retirement destination is still Spain.  Despite the doom and gloom surrounding the Spanish property market, investors are still looking at Spain as a potential area to buy property for a holiday home, retirement and investment.

Investing in Spain isn’t as crazy as many people might think at the moment.  There are a large number of bargains that can be picked up in the country.  The number of reposessions coming on to the market in Spain is at a high level.  Property prices can be lower than they were 5 years ago which means there is great potential for buyers.

As far as getting a good yield out of an investment property in Spain, you just need to do your research.  Buy where there is demand for rental property from holiday makers.

One good example of this would be Mallorca.  The largest of the Balearic Islands escaped much of the property turmoil that mainland Spain suffered, but there are still a number of bargains and reposessions on the island.  Mallorca is one of the top holiday destinations for British holiday makers as well as those from other countries.  This of course means strong demand for holiday rentals and a good chance you will be able to rent your property out, especially in the summer months.

Mallorca didn’t see the large scale building projects that created over supply in other parts of Spain and there is more chance of your investment keeping it’s value.

One of the first areas British people will look at when they first think about moving abroad is very often Spain.  It’s close enough to pop home to visit relatives but it’s far enough away from the UK to get the sun.  Demand in Spain will always be strong there is no doubt that it will.

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