Spain is an excellent option for those in search of a second home in a relaxed and enjoyable atmosphere. Although it’s no longer as cheap as it was in years past (prices have risen in
particular since the euro came around) it’s still a top choice for foreigners in large part
because of its excellent quality of life.

The factors that make Spain a top choice among people from across the globe looking for a
second home are extremely solid (the culture, the geography, the climate) and will continue
to draw buyers for many, many years to come.

This is what makes properties in Spain one of the best options in Europe for long-term
investment. Now that prices are settling after a strong 10-year property boom, they’re
becoming more accessible to the average buyer.

Quick returns are no longer possible as they once were, but the picture looks good for the
individual consumer interested in stability and long-term appreciation. Settling prices have
given buyers a more equitable position on the bargaining table (before sellers could afford
to demand high prices and still enjoy quick turnover). 

From the perspective of those interested in living part or full time in Spain, conditions have
become more attractive. One example is a recent redrafting of laws, making it easier for
non-residents to buy, sell and let Spanish property in Spain.

The capital gains tax to be paid by non-residents, for example, has been reduced recently
from 35 to 18 percent (the normal rate for Spanish residents).

These changes come about because of the growing importance on the economy and cultural life of non-residents in Spain who choose to make their new life in the country, study Spanish and take in the country’s warm and inviting culture.