Investing in Spain

[Arjun K.]

Are there any BP who have invested in Spain? I am a US citizen and want to look at this hard. But am wondering if there is already a quality reservoir of information out there that folks are familiar with.

[Yura Rojas]

Originally posted by @Arjun K.:

Are there any BP who have invested in Spain? I am a US citizen and want to look at this hard. But am wondering if there is already a quality reservoir of information out there that folks are familiar with.

Hi Arjun, I am from Colombia, and I have invested in real state over there, however I have lived the last 6 years in Spain, I exactly arrived when the economic recession started :/ However, living in the South of Spain (La costa del Sol , Andalusia) and observing how the prices have tragically decreased through the years I have finally decided to get into the business here,.. In my opinion, i dont think the price can get lower than now which means that from here they will slightly start going up, I reckon it might be very slow, but unless you are in a hurry to sell, i think it can be a very good investment with the years; by now, apart from enjoying the great enviroment and food here, you can also rent it, in high season you can get really good money by renting to foreigners (especially English and Nordics) that follow the spanish sun even in winter!