Since the recession in 2008 and the years since, buying a home in Spain has been a cost-effective investment for those with money ready to invest. Taking advantage of the consistent fall in prices across Spain and an increase in foreclosures, investors have been able to buy property at appealing prices.

2017 has changed the doom and gloom market to one of more positive outlooks with continued opportunities to invest in your dream home in the sunshine. Experts predicted that 2017 will be the start of an increase in prices across Spain as confidence in the market grows have, so far, been proven correct. Of course, as confidence grows, so does lending and the speed at which people make a decision on a major purchase. With increases in house prices of up to 23% in Barcelona and 21% in Girona - the highest increases by region, combined with low lending rates, the Spanish property market now represents an even greater investment opportunity.

Construction has also bounced back, with experts predicting an increase of 6% in both 2017 and 2018, peaking at 10% in Catalonia and Madrid so far this year, where newly-constructed homes have increased by 10% as demand has grown. Combined with the Spanish economy growing at around 0.9%, confidence is well and truly back in the Spanish housing market.

Spain's Golden Visa scheme has also influenced the increase in house purchases with an increase in buyers from Turkey who are looking to escape the political uncertainty of their home country. Buyers from the UK continue to invest in Spain despite the fall in the value of the pound as they look to sure up investments pre-Brexit. Whilst the pound has declined recently against the euro, experts are predicting a bounce-back as the UK's economy remains stable, making now a good time to start the Spanish home-buying process.

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