Spanish Mediterranean Coast Represents Good Value for UK Property Investors

Following the economic crisis of 2007, the real estate sector in Spain is finally shaping up again and, with prices expected to start increasing this year, it has never been a better time to invest in property on the Mediterranean Costas.
 
BARCELONA, Spain - July 27, 2016 - PRLog -- Last year foreign buyers invested in over 76,000 properties in the country, an increase of almost 13% compared to the previous year, and accounting for 20%[1] of total housing transactions in the country. Although prices dropped after the crisis in 2007, experts now claim that the sector is on the road to recovery. In fact, according tothe property valuation and consultancy company Tinsa, half of the main 135 coastline towns in Spain have seen the average prices of their properties increase this year.  With experts forecasting a stabilization of property values over the next few months before they start to rise again, now could be the perfect moment to invest.

With the average house price per square meter in Spain over two times lower than in the United Kingdom, it is no surprise that the British are the main foreign buyers in Spain, representing around 20% of sales to non-Spanish buyers. Brits are also consistently drawn to the warmer weather, long sandy beaches and Mediterranean lifestyle, and there are more British nationals living in Spain than in any other part of Europe – over 750,000".

Stefan Noben, UK market manager for TM Real Estate Group says: "We have customers for whom retiring to Spain is a long term ambition and we are focussed on helping them realise these dreams. In the last five years, we have seen an increase of 400% of British customers, and this is not a coincidence. The second home sector in Spain is regaining the confidence of investors and there is currently an opportunity to get great value as we predict that prices will begin to rise again later in 2016."

TM Real Estate Group is one of Spain's leading family-run real estate developers and promoters, offering exceptionally high-quality ready-built properties along the Spanish coastline in Alicante, Murcia, Almería, Málaga and the Balearic island of Mallorca. TM Real Estate Group's properties are available to buy fully-furnished with quality finishings that can be customized according to the clients preferences. The company offers a broad portfolio of residences, including apartments for couples, larger villas for families and modern penthouses with roof terraces that offer both security and privacy.

-ENDS-

About TM Real Estate Group

TM Real Estate Group is a Spanish property developer founded in 1969 and specialising in the construction of large residential developments on the Mediterranean Coast – in Alicante, Murcia, Almería, Málaga and Mallorca – and also international projects in both Mexico and Brazil. TM Real Estate Group has a trusted and professional team of property experts and offers property for sale in some of Spain's most charming cities and villages at competitive prices. Operating from its head office in Torrevieja (Alicante), it has sales offices (http://www.tmgrupoinmobiliario.com/en/TMrealestategroup/P...) in Madrid, Murcia, Albacete, Mallorca, Almería and Alicante and, thanks to various agreements and partnerships is also present in over 16 countries worldwide. TM has over 15,000 families now living in its properties, stretching along the Costa Blanca, Costa Almería, Mallorca and Mexico, and is currently working on four new developments, the largest of which, Mar de Pulpí, will include over 3,000 properties when fully completed. TM property prices start from £64,000 (€73,000). For further information on purchasing property with TM Real Estate please contact the dedicated team on 0800 088 51 49 or visit www.tmgrupoinmobiliario.com

Awarded Best Developer in Europe and the UK for the fourth consecutive year by the Association of International Property Professionals (AIPP) in 2013, TM also has direct agents working in various European countries.

[1]https://news.kyero.com/2016/05/foreign-buyers-accounted-for-20-of-housing-transactions-in-2015/21265

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