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SECOND HOME IN SPAIN: A SMART INVESTMENT

19th January 2018
SECOND HOME IN SPAIN: A SMART INVESTMENT

Are you finally going to make your dream of buying a second home in Spain come true? A second home in Spain can be a smart investment, especially now that the interest on savings at the banks remains low and the prices of homes in Spain are attractive.

Just imagine: you wake up in the morning in your apartment, villa or bungalow on the Spanish Costa Calida or Costa Blanca. The sun is shining and it is pleasantly warm. You have all the freedom to organize your day yourself and only have to walk a short distance before you reach the sea, for example to take a walk along the beach, drink a cup of coffee on the boulevard or enjoy a meal from the Spanish cuisine in one of the many restaurants.

Living in your money
Buying a second home in Spain on the coast is a dream for many, but also quite an exciting step. After all, there are so many things you can do with your savings: not only invest, but also invest or, for example, put the money in a savings account. However, a quick calculation shows that saving is not very lucrative at the moment.

Low interest on savings
De Telegraaf recently published an article in which savings expert Amanda Bulthuis writes that savers will not have to count on a higher interest on their savings in 2016 either. At large banks such as ING, Rabobank and ABN Amro, you currently only receive 0.7 percent interest on the money in your savings account. And the highest savings rates are also likely to fall below 1 percent in 2018.

Second home in Spain : Interesting investment
The alternative, enjoying your money with your whole family in a sunny climate by investing in a (holiday) home in Spain, is a lot more attractive. Property prices in Spain are currently low in a recovering housing market. That makes buying a house in Spain an interesting investment under the sun.

Invest and enjoy
Moreover, asset manager Schroders has highlighted Spain as a country where the economy will continue to grow strongly in 2018, by as much as 4 percent. Your investment will certainly maintain its value or increase in value. By buying a second home in Spain, you therefore enjoy double: not only life in a sunny climate, but also your savings!

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