Donald Trump's Victory and Spain
Donald Trump's victory in the US presidential election will change a lot not only in America, but certainly in Europe. It is also of great importance for investors who are buying or planning to buy real estate in Spain, including on the Costa Blanca
Here are some trends that could affect the real estate market in Spain in the context of Trump's election:
Foreign investment: Spain, as an attractive market for foreign investment, may benefit from the uncertainty on the American markets. Investors may look for alternatives outside the United States, and Spain may become a popular destination.
Rising property values: As the Spanish economy grows stronger, property prices are rising. This is due to the constantly growing demand, as there is no shortage of buyers of properties on the coast, both local and foreign. This includes a very large share of American retirees, who until now opted for a "second home for a quiet autumn" in Florida, now look for a European alternative. This is especially the option that underpins the trend among emigrants in the USA.
Immigration Policy: Trump's immigration policy could affect population movements, which in turn could affect demand for real estate in Spain, especially for those looking for alternative places to live.
Macroeconomic factors: Factors such as interest rates, inflation and the general economic situation in Europe and the world will be crucial for the real estate market in Spain. Changes in US monetary policy could affect global financial markets and therefore investments in Spain. As a result, as always, the most stable investment is the purchase of real estate, which definitely beats the yield on current bank deposits.
Spain as a synonym for tourism: It should not be forgotten that Iberia is a giant when it comes to vacations. This is the first and most important source of income for the Spanish budget. This trend is of course also a driving force for investments aimed at recreational and year-round activities.
So what can we expect on the real estate market in Spain after the US elections?
Most likely, it will be a slight increase in prices and market consolidation. Investors who have been investing their capital in real estate on the Costa Blanca for years know perfectly well that prices never drop here. Why? Because here you buy with your heart, not just your mind. Here's what we heard from our clients:
- "In Torrevieja I have 326 days of sunshine a year!"
- "The salt lakes on the Costa Blanca mean I don't have asthma attacks like I used to."
- "I love walking on the beach, even in winter I can walk barefoot on the sand and it relaxes me."
- "Now in November in my country we have to turn on the lights from dinner, but here there is so much light! I don't feel like it's autumn at all."
- "I have an apartment in Szczecin, but the cost of living is 7 times higher than in Santa Pola, that's why I booked here."
- "My children started school in Poland, but the education system is completely different. They are happier and less stressed here."
- "I bought a house for a holiday rental, but after 2 years I decided to move here myself."
- "I love Mediterranean cuisine! And the words SIESTA and MANIANA have become a motto for me like Hakuna Matata, hahaha!"
What will be your opinion?
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