Costa Tropical Real Estate – Is Buying Property Right For You?
Costa Tropical property is a lucrative area in southern Spain, bordering on the Mediterranean coast of the provinces of Granada, Andalusia and Mallorca. It’s also but not often referred to as the Costa del Sol or the Costa del Balearicola. It’s most commonly known as the Costa de la Torre. It’s crossed by the busy N-340 road that runs southeast northeast northwest along Spain’s Mediterranean coast, eventually connecting Barcelona with the French border.
It’s also the home of Spain’s fifth largest city, Granada. While it shares a border with Morocco and shares the same sandy coastline with its North African neighbor, it’s much smaller by comparison. Still, despite its size, Granada thrives on tourism and the real estate market. The Spanish property market in general has been affected by the global financial crisis, but Granada has managed to weather the storm and recover somewhat. There are signs the economy is turning around, however, as construction work continues on the coastal part of the town.
The real estate industry is reaping the benefits of that recovery. Spain’s economic problems aren’t likely to have a major negative effect on the Costa real estate market, nor will Spain’s political problems have any significant effect. Property sales have increased steadily since the crisis began. In fact, there are indications the real estate market is starting to rise again. This bodes well for the rest of Spain, where a large number of properties are still available at good prices.
Buying real estate in Spain can be an attractive proposition for foreigners. The market is much more stable than in neighboring countries, and the government has eased the laws to help foreign investors. That’s another reason why foreigners are buying up Costa Tropical real estate. For first-time buyers, the government’s leniency on lending requirements is an important factor in helping them find a home in Costa Tropical.
Many foreigners buy Costa Tropical property in part because it offers amazing amenities, such as a golf course, a swimming pool, restaurants, and spas. Costa Tropical even has a large number of luxury hotels, which draw visitors from far and wide. Costa Tropical’s proximity to other tourist hotspots, including Malaga, Tenerife, and Ibiza, also makes it an attractive locale. Buying real estate in Spain offers you the opportunity to tap into this endless source of tourists and commerce.
Another reason to consider buying real estate in Spain is its status as an international finance center. The small island is one of the few in the world to be granted recognition by the European Union as a low-income country. This means that you will be eligible for some funds designed to help you make purchases in Costa Tropical real estate.
Buying a home in Costa Tropical will also be a good investment for you, your family, and your business. Real estate in this region is highly desirable and easily customizable. Many of the properties are fit for homeowners with full rental guarantees, while others have do-it-yourself open plans or other options that allow you to create the perfect space for your needs. You can choose a plot that you can customize to fit your specific needs. When it comes time to sell, you will find a ready market.
Costa Tropical real estate can bring you a steady stream of income if you invest in it right. Real estate is one area of business that is relatively stable and lucrative no matter what type of economy it is. Another good thing about investing in Costa Tropical real estate is the fact that you are investing in a piece of heaven. This is not only for the purpose of living in a tropical location, but it is also a great place to raise your children. The Costa Tropical region is known for having some of the best public schools in the country, making it a great place to send your kids during their school years.