Sun, sea and rent

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SMART BUY: Spanish real estate attracts global interest. Credit: Shutterstock

BUYING to let has become an increasingly popular way of investing money and the practice in Spain has grown steadily, particularly in coastal areas.

There are good reasons for opting for the Spanish coast, and as a favourite tourist destination there is no shortage of people interested in renting for short periods, particularly in peak season.

Some people prefer to rent their properties on a longer term basis to people who are living and working in the area, as it requires less administration.

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Pensioners are increasingly preferring to rent too, as they are often dividing their time between Spain and the UK.

The construction industry is back on its feet and the situation is much improved from the 2008 crisis, but there are some parts of Spain where there is a shortage of property to buy.

Spain’s natural beauty, its proximity and its wide availability of flights ensures that it continues to be an attractive destination for tourists.

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