Perspectives on Spanish investment in 2014
Foreign nationals who wish to invest in Spain should not doubt the viability of their investments in the country. Indeed, 2014 is expected to bring great investment opportunities.
There are some positive data that seem to point towards the end of the crisis, to the extent that in the third trimester of 2013 the Spanish Gross Domestic Product (GDP) grew around 0,1% according to a statement from the Bank of Spain. Besides, there has been an improvement in the labour market since the unemployment rate has been at its lowest in recent trimesters.
French economic newspaper Les Ãchos announced that given a recent study by a group of entrepreneurs, 2014 would mark the end of the crisis as a continuation of the upward trend seen in previous years. Additionally, BBVA Chairman Francisco González announced that the Spanish economy would grow between 2% and 3% in 2014.
Specific examples illustrate this development, giving evidence of the regaining of trust in the Spanish economy. Thus, Bill Gates, who needs no introduction, has recently invested 113 million Euros in the Spanish Company Fomento de Construcciones y Contratas (FCC).
Morgan Stanley, one of the leading banks in the United States, has recently released a statement encouraging investments in Spain, favouring Madrid over other European capitals such as Rome.
If Spain is an increasingly favourable country for investment, it is clear that the real estate sector is the area with the most opportunity for profitable investment. Indeed, according to the newspaper Expansión, which based its news on an investigation by the Instituto Nacional de Estadística (the Spanish National Institute of Statistics), the real estate market was expected to increase its sales 10% in 2013.
The main Spanish banks, such as Santander and Sabadell, also expect an increase in sales in the real estate sector. Indeed, while the Sabadell Bank sold 2,316 properties in 2012, it sold more than 2,900 properties in 2013. This is a good omen for 2014.
This article is not considered as legal advice