Spain has always been one of the favorite tourist destinations for many foreigners, especially Arabs, because of its historical Islamic character; from the beginning of the Umayyad conquest in Andalusia in the seventh century AD until the fourteenth century, and it still retains many architectural and religious monuments that remind of the Islamic civilization that passed through the country.

Aside from attracting millions of tourists every year, the country has also caught the eye of investors since it announced its Golden Residency by Investment program, particularly through the purchase of property in Spain in 2013. 

Since then, until last year 2021, despite the Corona pandemic, the real estate market in Spain did not witness any negative impact due to the pandemic, on the contrary, it recorded its best performance ever after 2007, as it witnessed a remarkable increase in residential property sales in the country during the past year 2021 by 38% compared to 2020 and 18% compared to the pre-pandemic period in 2019. 

However, many real estate investors may be confused about where the best destination for their investments is. So in our article today, we'll talk about why you should buy real estate in Spain:

1. Its distinctive strategic location: Spain has a strong strategic location that provides access to all European countries and Portugal and is the gateway to the Middle East and North Africa through the Strait of Gibraltar on the Mediterranean Sea. In addition to its Mediterranean climate, which provides a warm climate throughout the year, unlike the Nordic countries.
2. Infrastructure development and modernization: In 2018, the Spain among the top ten countries in the world in terms of infrastructure and logistics facilities, which is one of the main advantages of real estate investment in Spain.

Spain has a well-developed transportation networkwith first-class international airports and an extensive high-speed rail and metro network (ranked the longest in Europe and the second longest in the world).

 Its global logistics ports that connect global sea routes and the new technologies it is adopting in almost every aspect of life, from healthcare to telecommunications.

1. quality of life: Spain has many features that make it an attractive place to settle. According to the Expat Insider survey, Spain ranked second in the 2019 Quality of Life Index, eighth in Ease of Settlement, and fifth in Quality of Family Life, thanks to its affordable cost of living, warm climate, great entertainment options, and variety of services.
2. Growth in immigration and tourism: Spain has seen a significant growth in migration and tourism; since 2013, there has been an increase in the flow of migrants to Spain which peaked in 2019 The number of foreign migrants in Spain reached nearly 670,000.

 According to the latest data from the Spanish Statistics Authority, the ratio of foreigners who moved into the country in 2020 compared to those who moved out was 125%. 

Although tourism in Spain was significantly affected by the Covid-19 pandemic, it saw a rapid recovery last year by 40% compared to 2020, with 52 million foreign visitors to Spain.

• Expansion of the real estate market: We also observed a significant growth in the number of immigrants and tourists to Spain, many of whom made the decision to reside permanently in the country to improve their quality of life, and this led to a significant increase in demand for rental properties, especially in high-end tourist destinations with luxurious properties such as Marbella, Malaga, Costa del Sol and Costa del Sol.such as Marbella, Malaga, Costa del sol and others, which has made the real estate sector in Spain more attractive to real estate investors, and the rate of return on investment for rental properties in Spain has grown. return on investment on rental properties in Spain grew to about 24% on an annualized basis at the end of 2021.

1. Profitable ROI: Spain's rapid population growth, especially in its most beautiful coastal cities such as Marbella, has led to Marbella has increased the demand for owning or renting real estate in Spain and thus the value of the real estate market, which has enabled investors to reap high returns on their real estate investments (whether through sale or rent) and consider this return as a source of permanent income in the future.
2. A variety of real estate options: The real estate market in Spain is as diverse as the cities and regions as it contains many types of real estate including apartments, penthouses, townhouses, villas, cottages, land, offices, etc. A foreign investor who buys any type of real estate can immediately obtain a golden residency in Spain.
3. Its living citiesmodern and cosmopolitan: Spain's cities such as Barcelona and Madrid are characterized by their modern infrastructure and great cultural and economic value. Other coastal areas such as Marbella MarbellaCosta del Sol, Puerto Banús, Puerto Banús, Málaga, etc. also offer great investment opportunities due to their quality of life and the high demand for real estate for sale or rent.
4. Affordable real estate purchase costs: vary Fees for buying a property in Spain vary from one region to another and the buyer has to pay most of the costs, which are generally as follows:

• Property transfer tax: Estimated at around 0.1% (for expensive properties) to 0.3% (for cheaper properties) of the registered price of the property at the Land Registry + VAT (known as IVA in Spain) which is 10% of the value of residential properties (villa, apartment, etc.) and 21% on commercial properties and land.
• Notary costs: Set by the government and usually paid by the buyer. They range from approximately 0.1% of the advertised price of the property (for properties worth €400,000 or more) to around 0.4% (for properties worth less than €100,000) plus some other costs (which can add up to 0.05%).
• Legal fees: Legal fees, i.e. lawyer's fees, which is about 1% of the property value.
• Real estate agent fees: Usually paid by the seller and ranges between 2% and 15% of the agreed sale price, depending on the area and type of property. 

1. The opportunity to obtain Spanish citizenship: The Golden Visa for Spain is a residence permit obtained by investors and those wishing to buy real estate in Spain, providing the holder and his family members with the right to reside, work and study in Spain and access to all Schengen areas without the need to apply for a visa.

It also provides Golden Residency also provides the opportunity for a foreign investor to obtain Spanish citizenship if he or she Resides in the country for ten years (provided that the stay is for at least six months each year) and demonstrates knowledge of the Spanish language as well.

Thus, we can conclude that investing in real estate in Spain is one of the most attractive investment options when it comes to making a profit and improving the quality of life. So if you really want to have a successful real estate investment in Spain and experience the true meaning of luxury, we advise you to focus on The destination of the world's top businessmen and celebrities in Spain, Marbella.

If you are looking for an opportunity to invest or buy a great apartment to live in Spain, Maxisthomes offers you the perfect opportunity to discover a variety of available real estate in Marbella and take advantage of the special attraction. For more information, please leave your question here And contact our team via WhatsApp on the following link https://wa.me/message/747GSLD5K2SPC1