Magnet Investments

Spanish Mediterranean

The fact that Spain’s property market crisis is not something that is not touched. Certain variations in the prices of Spanish property are observed, but they are not as resonant as in Ukraine. What lies behind the concept of “accessible” to property in Spain? Apartment on the Spanish coast can be found for 50 thousand euro. House in Spain will cost about 70-150 thousand euros. In addition, while both the Ukrainian banks are turned off mortgage lending, their Spanish colleagues willing to lend up to 50% of the chosen Spanish property under 3.5-4% per annum in the euro! Agree, the percentage of truly attractive.

Even in a time when the Ukrainian banks actively lend to purchases of property, the rates ranged between 10-15% per annum in dollars or euros. So, deciding to buy property in Spain conditions so appealing at the start of the mortgage enough to have 30-40 thousand euros. And it is now worth as much Ukrainian real estate! Another advantage of buying property in Spain is a special Understanding the Spanish government and the European Union, which involve the issuance of Schengen multivisa foreign owners and their families (spouses and minor children). In my view, the advantage of very demonstration at a time when the EU is increasingly denied to our fellow citizens in obtaining visas. As for the language barrier, then it is completely avoidable.

In Spain, there are entire Russian-speaking areas. For example, Lloret De Mar, which is a kind of Spanish Antalya. For many Russian tourists to Lloret de Mar a matter of honor to be noted at least once a year on the Spanish coast. For them it is a tradition and a kind of a question of prestige. Significantly and the fact that the Spanish Mediterranean, in principle, a lot of foreigners – up to 80% of the population, including Russian. For the most part they come to shore in order to earn extra money at the height of tourist season service sector (hotels, bars). Comfort Resort and availability of jobs causes the desire of the majority of them stay for permanent residence on the Spanish coast. The presence of layers in the Russian Spain has provided her so dear to his heart of our fellow Russian shops that sell Russian vodka and real dumplings. As for the legal characteristics, for many countrymen that will be useful fact that the gaming business in Spain is not prohibited. So, you can have fun playing on a holiday or business to create their own game on the Spanish coast. After these discoveries, I impressed. It turns out that the same? In the same in Spain can I buy a property at a price not much different from Ukrainian? In Spain – Western civilized country where the life and service of an order of magnitude higher than Ukrainian? Yes, and on the coast? Yes More on credit and at an attractive rate? And it’s just not even in the vision! The point is knowing the realities of the market, with whom I tried to introduce you. And whether it be a loser, hurry up, or a favorite far-sighted every man for himself decides to myself! All successful investment!

Tags: financial, Property