Due to the rock bottom value of the Euro, the lowest Euribor mortgage rates in history and the recovering property market in Spain resulting in massively discounted property, Spain is once again the savvy buyers wisest investment opportunity.
Timing is everything when buying a property and according to Winkworth Spain, the Spanish property Market is at one of its ripest levels. Looking into the past several years, records show that the British Pound to Euro was 1.10 at March 2011. It has gained a 21% increase as of March 2015 to a full 1.40 against 1 Pound. What this means is that a property investment of 181,000 Pounds in 2011 is now available for 142,000 Pounds representing a significant saving of over 40,000 Pounds.
In addition, Winkworth Spain has announced that information obtained from The Bank of Spain, due to the low level Euribor rates, variable rate mortgages have also fallen to a record low. This, along with the fact that the Euro is also currently at a record low, indicates that this is the perfect time to buy property in Spain.
Bernard Vent, who is the managing director of Winkworth Spain, shares the opinion with many other experts in the property industry that Spain currently offers the most value in regard to return on investment (ROI) for both potential new homeowners and other property investment enthusiasts. There are very few, if any, markets outside of Spain throughout Europe that offer this high of an ROI.
