Investing in Property in Seville
February 5th, 2007
If you’re looking for an alternative investment approach to profit from property in Spain now that the Costas are crowded and Barcelona is packed with investors and both locations are seriously over-priced, why not consider investing in property in Seville?
After all, long gone are the days when the city had a seedier side – today Seville is considered to be the cultural and creative capital of southern Spain as well as its economic capital, and there are two main investment approaches that are currently proving successful for investors in Seville and in this article we examine both.
But firstly it’s important to highlight just what it is about this stunning city that makes it appealing for both business and tourism and which will ensure that any investment made into Seville real estate will be built on firm and sustainable ground.
Seville is an historic and cultural metropolis. It is a city jam packed with sights to see and experiences to have. There are historic buildings and monuments aplenty, there is fantastic food to sample on every street corner, there are street performances of music and dance and the city is famous for its flamenco and internationally renowned for its festivals, food and stunning climate.
Visitor numbers to Seville have been on the increase ever since the early 1990s and today the city is serviced by cheap flight operators from Ireland and the UK meaning that there is steady demand for tourism based accommodation year round. Seville is blessed with an excellent climate (though in July and August the heat can be stifling) – this means that there is year round potential to holiday let centrally located properties as well as properties with charm and character that are located on the outskirts of the city and which allow visitors the chance to explore both the city and the greater autonomous community of Andalusia in Spain.
Those wanting to take this approach to buy-to-let property investing should be looking at centrally located one bedroom apartments preferably with parking (they can be found!) and which offer a resident guest almost immediate access to Seville’s sights, sounds and flavours. Tourists coming for a holiday in Seville usually want to be centrally located. The other option is finding more family friendly accommodation such as a finca with a pool located outside the city that has easy and direct links to the airport and from which a family can sightsee and/or relax and enjoy the weather.
Seville is also quite a prosperous city, it offers employment in many diverse fields from education to financial services and it is a city popular with students, both local and international. For these reasons there is also a good long term let rental market for property in Seville which presents an investor with their second approach to investing in property in Seville – namely the long term let of multiple bedroom apartments. Two bedrooms are a minimum must for a long term let but the good news is they don’t have to be so centrally located. They need to be near good every day amenities and transport routes.
Prices have risen quite rapidly in Seville in the last couple of years alone but many believe prices have a long way to go to level off with Barcelona with which the city competes for tourism, business and investment traffic. And even if prices falter or fall in the short term, Seville is continuing to change for the better meaning that property in Spain, in Seville will likely make an excellent long term investment choice.
Story from shelteroffshore.com
