Latin American investors have been flocking to Spain in recent years, in search of a secure and strong real estate market. According to data from the Spanish Ministry of Development, foreign investment in Spanish real estate has increased by over 10% from 2016 to 2018, with Latin American countries making up a large portion of this investment.
The attraction of Spain’s real estate market is clear; with a resilient economy, a strong infrastructure and some of the most attractive property prices in Europe, Spain is proving to be an increasingly popular destination for Latin American investors. The country has seen a significant rise in foreign investment in the residential real estate market, with wealthy Latin American investors seeking out properties in some of Spain’s most desirable cities.
The Spanish government has been keen to encourage foreign investment in the real estate sector, with tax incentives for foreign investors. This has enabled Latin American buyers to purchase property in desirable locations at prices that are often significantly lower than in their home countries.
The influx of Latin American buyers has had a significant impact on Spain’s real estate market, pushing up house prices and creating a buoyant market for luxury properties. Wealthy Latin American investors can pay higher prices than Spanish buyers, creating competition among buyers and driving up prices.
The booming real estate market in Spain is being driven by Latin American investors, whose investment has enabled the country to remain one of the most attractive destinations in Europe for foreign buyers. With strong economic growth and a resilient infrastructure, the Spanish market is likely to remain attractive to Latin American investors for the foreseeable future.