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Brits looking for bricks and mortar in the Levante coast

With the confirmation of brexit in the UK, it appeared that the large colony of British citizens residing in Spain would pack up and return home. But nothing could be further from the truth as contrary to expectations, more and more Brits have started to buy homes in Spain.

It is mainly the UK-based investors who see Spain as an excellent place to invest in real estate. In fact, during the last few months, these investors have been buying complete urban developments, shopping malls, and even hotels in the Levantine area. In fact, the real estate opportunity is a reality and according to sources of investors themselves, they are making more than 30% profits. With the current situation of world economy, this amount of profit that our country is offering investors is undoubtedly pure gold. In addition, this progress is also confirmed by internal sources such as Engel & Völkers.
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This is not an issue that we can easily dismiss as the real estate profitability is being achieved more so in the Valencian Community. The numbers far exceed those in Spain's most important cities like Madrid or Barcelona. Two examples that perfectly illustrate this positive progress are the purchases of El Manar shopping centre and the Puerto Mediterráneo shopping centre in Valencia by two investors for 38 and 500 million euros respectively. As you can see, these figures prove that there are many business opportunities offered in the Levante region.

On the other hand, it is also possible to highlight the business deals carried out by Atitlán Capital and Roig family who purchased the old lands where the Formula 1 racing was located in Valencia. A total of 300,000 sqm that within a few years will become one of the most important urban development projects in the Valencian capital.

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The business opportunities are clearly evident and Engel & Völkers is in a position to provide all the necessary advice to potential investors so that the profit expectations turn into reality. The homes in the south of Alicante, the hotels in La Marina and the residential buildings between Valencia and Moncada are today one of the sectors in which to invest and to make a great amount of money. The British buyers have realised this and are taking advantage of the opportunity by investing in the real estate market. This industry has been one of the hardest hit by the crisis but it is resuscitating quickly and coming back to life thanks to the enormous demand by foreigners.

Engel & Völkers

Avda. Diagonal 640, 6ª planta A
08017 Barcelona Spain

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