According to bndlevante.com, Benidorm became the fourth most searched-for location in the world for investment properties in the first quarter of 2018.
According to www.bndlevante.com , Benidorm became the fourth most searched-for location in the world for property in the first quarter of 2018.
Benidorm has become popular with Brits due to its location on the Costa Blanca which enjoys good train and airport connections other Spanish cities and international destinations. The location has a thriving tourism industry and there is a large community of expats living there.
The ever-thriving tourism sector in Spain is good reason to invest in property in the country. There are plenty of benefits from investing in Spanish real estate, including buy-to-let opportunities created by tourist demand. In addition, the Spain offers the possibility of solid capital growth, as the country’s housing market starts to recover following the crisis a few years ago.
According to official figures, Spanish property sales surged 14% in 2016, with purchases by foreign buyers up 16%. Demand has remained strong in 2017. According to Spanish Property Registrars, Benidorm enjoyed the eighth biggest increase in property sales in 2017 with the number of transactions climbing by 17%. And mortgage approvals in 2017 pushing the national total of approved mortgages up 16.9% year-on-year.
The price for property in Spain is currently fairly low as are interest rates. Both of these combined are helping to fuel demand which has resulted in a 1.8% increase in house prices in the first quarter of 2018. New homes have seen values rise 3.1% in the year to date and resale property have enjoyed rises of 1.9% in the same period.
According to Idealista, buy-to-let investors are seeing returns of more than 6.3% in 2017, up from 5.5% last year and yields for the current year in Alicante area are 6.2% with Benidorm even higher, the fifth highest in Spain.
BND Levante Group are playing a leading role in this recovery by facilitating safe, reliable investments in Spain’s property market. As the winner of European CEO’s Best Real Estate Investment Company Award, 2018, we are extremely proud of the service we deliver to our clients. By issuing corporate bonds as an alternative financing option for property investments, we are able to provide hassle-free investments that deliver a fixed return into our customers’ bank accounts.
What’s more, an entry-level investment of just €5,000 is all that’s required to begin a bond portfolio with BND Levante – making it ideal for novice and experienced investors alike.
For anybody who prefer their own investment property in Benidorm and want to manage this themselves they get referred to BND Levante Group real estate department www.bndlevante-properties.com who is an award winning property investment company with 30 years of experience in the Benidorm property industry. They will find the best deals in the best locations for the best prices & manage your risks.
BND Levante Group SA
+34 965 798 373
email us here
New front-line beach property in Benidorm
Source: EIN Presswire