Spanish Residential Property Investment Opportunity
Spanish residential property investment opportunity Why Costa de la Luz? A specialist real estate advisory team focused on identifying, for our clients, property investment opportunities in golf developments along the Costa de la Luz Section I: General Overview of the Spanish Housing Market 2 Spanish House Prices remain affordable for northern European buyers Spanish house prices have risen significantly, yet they remain differences are more acute when compared to key Northern Europea affecting our business will be the purchasing power of foreigners ( Spain. Spanish average house price evolution 1987-2003 Average property price 3,000 2,000 Property price evolution in Spain compared to property prices é/m2 1,000 1987-2003 CAGR 10.1% Spanish house prices and0 GDP relative to the EU - 2002 Averag 140 1987 120 1988 cheap when compared to property prices across most of Northern Europe. 1989 100 1990 in particularn cities, Northern home to Europeans)our target market. who intend The tomost purchase important a property macroe along coa 80 1991 Finland 1992 60 Norway 1993 40 1994 Sweden 1995 20 1996 2001 GDP per capita - Relative to EU average Denmark Spain 0 1997 Sources: INE, UK land registry, HBOS, Department of 1998 40 60 80Greece 100 120 140 160 Européenne de l'Immobilier, Bulwein AG, Ministerio France 1999 3,000 Austria 2000 2001 Netherlands 2,000 Germany 2002 /m2 2003 € Ireland 1,000 in EU countries Italy € /m2- Relative to EU average UK 0 UK s in EU countries - 2002 Ireland Italy Economy, Switzerland, RICS, Statistics Norway, Sta Netherlands de Fomento, Titan research 4,000 Germany conomic factor 3,000 e property pricesAustri ofa European cities - 2002 /m2 France € 2,000 The Denmark 1,000 Norway stal Sweden 0 Greece Spain London Portugal Paris Finland Stockholm tistics Finland, Statistics Sweden, Denmarks Statis Amsterdam Dublin Frankfurt Madrid Barcelona Seville Malaga tik, Gunne, Confédération Valencia 3 Affordability According to the OECD, Spain is 14% cheaper than the EU 15 average.
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