As property prices in Spain have tumbled in the economic winter, along with demand in the Spanish property market, coastal property remains top of the list for would-be buyers.
Of all property sectors within Spain, coastal development probably saw the largest activity at the height of the market, which now means a plethora of unfinished and currently unwanted sea side units. For those looking for sound profitable property to buy in Spain, long term gains can be had providing they know where to look.
Investors keen on a beach front property need to be aware of the legality of their potential investment, as just with land grab cases now, some developments are deemed to have broken the Coastal Law which places strict conditions on the siting of coastal developments. Reclamation and demolition are real threats to those that have infringed the legislation.
Profitability is down to picking a property which has the views but also the access to good, year round local amenities. Even now, demand is higher for these properties, which are holding a relatively good market value.
Source: propertyworld
