The French are certainly the most numerous investors in Spain, and more particularly on the Costa Brava.
Indeed, a decrease in real estate prices of about 40% has been observed since 2007 and the bursting of the real estate bubble, which is far from negligible when you want to invest in real estate, especially to rent.
Even if the economic crisis has stabilized for some time, the square meter on the Costa Brava remains 3 times cheaper than the Parisian square meter.
The advantages of the Costa Brava
Spain and the Costa Brava region have always appealed to the French, specifically because of its proximity to our borders, but also because of its almost permanent sunshine and its high quality of life.
It is also interesting in terms of purchasing power: the purchasing power of a Frenchman who invests in the Costa Brava is up to 40 to 50% higher than in France.
The Costa Brava lifestyle also attracts many investors who decide to rent or buy for future rental, especially during the winter months: indeed, on the Costa Brava, life goes on at night, bars and restaurants are full until late at night.
As for the price of real estate, the economic crisis has caused a drop in prices and the French are taking advantage of this windfall.
According to official figures from the General Council of the Spanish Notary Public, the French account for 10% of foreign real estate investments, or approximately 712 houses and apartments acquired as a primary residence, secondary residence or for rental purposes over the course of one year.
By choosing the right time and the right product, there are always good deals on real estate on the Costa Brava.
4 reasons to invest in rental property on the Costa Brava
- A very mild climate: with 3300 days of sunshine per year, the microclimate of the Costa Brava guarantees a warmth and light without any comparison with France. The region still attracts as many Spaniards and tourists eager to enjoy this exceptional climate.
- Attractive property prices: let's not forget that it's now possible to buy a 2-room apartment for less than 100,000 euros and a 2-room house for 120,000 euros.
However, pay attention to the ratio between the rental cost and the purchase price in order to determine if the rental yield is interesting.
- A strong seasonal rental market: when you buy a villa or apartment on the Costa Brava, you can be sure of renting it out to holidaymakers, and not just in summer. The region attracts travelers all year round!
- Possibility to have a high rental profitability: the rental investment on the Costa Brava offers you the opportunity to rent your property and to get interesting financial benefits if you choose the right period.
And that of the plus-value on the long term when you will resell the aforementioned good!
Need to ADVICE to make an interesting rental investment on the Costa Brava? Don't hesitate to contact us or go directly to one of our real estate agencies on the Costa Brava! The team of N1 France Espagne Immobilier will accompany you throughout your project.
Where to invest on the Costa Brava?
Investing in property rentals on the Costa Brava in Spain can be an excellent opportunity for French property investors. This region is located on the northeast coast of Spain. It attracts many tourists every year thanks to its many natural and cultural attributes.
To invest on the Costa Brava, you need to opt for coastal towns like Roses or Empuriabrava. These are popular areas, ideal for investing in real estate. Villas with swimming pools, apartments with sea views and vacation homes are in high demand and offer good returns.
The rural areas inland from the Costa Brava are also interesting places to invest. Properties are affordable and the setting is wild, with panoramic views of nature.
The profitability of rental investment on the Costa Brava
Rental investment on the Costa Brava can be highly profitable, especially in summer. Owners can expect an annual return of 4-6% on their investment, with more intense rental periods in high season.
Tax advantages of tourist rentals in Spain
Tourist rentals in Spain, and particularly on the Costa Brava, offer property owners attractive tax benefits. Rental income can be deducted from property maintenance costs. In addition, investors can benefit from a tax reduction on property profits.
With its many tourist attractions, this region attracts many visitors every year. It offers interesting opportunities for vacation rental owners.
With the support and guidance of N1 Immobilier France Espagne, you can invest and seize these opportunities. Our agency puts its expertise and local knowledge at your disposal to support you in your property acquisition projects.
See also our real estate listings in Palau-Saverdera, Peralada, Llança, Port de la Selva, l'Escala, Sant Pere de Pescador and Figueres.