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The country is famous for its warm climate, beautiful sea beaches, unique architecture, beautiful nature, original holidays, extraordinary cuisine, and delicious wines. To embrace its magnificence, one must visit the most beautiful cities in Spain.
It is also worth noting that Spain offers many opportunities for investors worldwide. The recovery of the economy, the influx of tourists, and the interest of large investors, are among the good reasons, so property for investment in Spain in 2023 can be a very good decision.
The largest architectural and park ensemble is located in the east of Granada. This complex of palaces and parks has a rich history and stunning views. The main development of Alhambra was during the period of the Muslim dynasty. Throughout its existence, the ensemble has been actively developing, replenishing with new structures. Today, the Alhambra includes numerous towers, palaces, halls, several squares, and even a full-fledged park, the road passing through the Pomegranate Gate. The Alhambra is on the World Heritage List and is one of the main attractions of Spain.
Sagrada Familia Cathedral (Barcelona)
The Sagrada Familia is the most beautiful church in Spain and one of the most beautiful in the world. The construction of this building began in 1882. The main architect was Antonio Gaudi. The architectural style of the temple is neo-gothic and modern. The cathedral continues to be built today. After construction is completed, it will have 18 towers. The central tower of the temple has a height of 170 m. The Sagrada Familia has rich interior decoration. It uses different geometric shapes and the most unusual architectural solutions.
Royal Palace (Madrid)
The main attraction of Madrid, the Royal Palace, is deservedly one of the most beautiful palaces in Europe. This majestic architectural structure serves as the official residence of the kings of Spain. The construction of the palace was carried out from 1738 to 1764. The palace has a luxurious interior design, including frescoes by great artists, luxurious crystal chandeliers, large tapestries, furniture of various styles, etc. The Royal Palace in Madrid has many halls, each with its own characteristics. This is simply a must-visit place in Spain!
Alcazar of Segovia
The Alcazar of Segovia is an important landmark in Spain and one of the 10 most impressive castles in the world. This stunning fortress has witnessed many historical events: its premises were the resting place of Alfonso X the Wise, Isabelle I the Catholic was crowned here, and the marriage of Philip II and Anna of Austria was held in the chapel of the castle.
Mesquita in Cordoba
The Mosque of Cordoba is one of the most important monuments of Islamic architecture in Spain and the most emblematic example of Spanish-Muslim Umayyad art. The building began in 785, and it is listed as a UNESCO World Heritage Site as part of the city’s historic center. Now it is a Catholic cathedral known as the Córdoba Cathedral Mosque.
Sacromonte Abbey (Granada)
One of Spain’s most famous and beautiful sights, which is a must-see in Granada, is the Sacromonte Abbey. It was erected on the top of Mount Valparaiso. The abbey was completed and expanded until the beginning of the 20th century. It currently consists of three parts – the abbey, the seminary, and the collegiate church. Each of these buildings has its own remarkable place. An interesting museum with a rich collection of paintings and tapestries has been opened on the abbey’s territory. The patio is a great place. Its decoration is magnificent: arches decorated with stucco, galleries with columns, and a large fountain in the center – all this attracts tourists.
Reasons why Spain is attractive for investment
Reasons why Spain is attractive for investment:
- Tourism recovery. Tourism, which accounts for 15% of GDP, has fallen by 70% in 2020, driving up unemployment and causing many small and medium enterprises to fail. But today, Spain is once again positioning itself as a safer tourist destination that will generate significant jobs and consumption.
- Opportunities in the hospitality, retail, and office sectors. Many small/medium companies and investors have been forced to liquidate assets to save their companies, and some have been or are being foreclosed by banks. In turn, the decline in activity in the hotel, retail, and office sectors presents great opportunities in the face of a significant drop in the value of properties where this activity was carried out. At the same time, private debt is low, as are interest rates, but demand is high. All this coincides with high inflation, which leads to volatility in financial markets and fixed income close to zero. Both variables act as drivers of demand for real goods.
- Low rates and excess liquidity. All this has made real estate in Spain again the world’s most profitable and reliable asset.
- Good investment return. The real estate fixed income multiplier has skyrocketed due to replacing financial investments with real estate. In addition, it is worth remembering that property prices in Spain are relatively lower than in more developed European markets (Great Britain, Germany, and France).
An increase in investment is expected in the coming months. According to Spain-Real.Estate the main real estate investment funds plan to continue investing in Spain, and in a year and a half, the volume could reach 30.000 million euros, which will be an investment record. As well as, the predicted depreciation of the euro in the short term is favorable for strengthening the already good position of Spain, as it makes it more competitive to attract tourism and foreign investment.
Investing in Spanish property can be a smart choice for those looking for a new investment opportunity. With its growing real estate market, low property prices, and high rental yields, Spain is an attractive option for investors from around the world.