5 solid reasons to buy a home in Spain in 2021

Despite Brexit, a global pandemic, and any other hurdles that lie between us Brits and the sun, we remain the most prominent foreign property buyers in Spain. In fact, just under 4,000 homes (13%, of all foreign property sales) were sold to British buyers last year.

But why is it that Spain remains such a hot focus (pun intended) for property buyers in 2021? Find out in this article as we explore 5 solid reasons to buy a home in Spain right now.

1. The affordable living costs of Spain

While exchange rates will vary based on our economic situation, Spain continues to be one of the most inexpensive places to live in Europe. That’s with everything from houses to travel expenses, a loaf of bread, and a meal out, you won’t find much more value for money than when living in Spain. 

To put things into perspective, eating out will cost you an average of only €11 per meal, and milk and bread can be purchased for less than €1. Average rent for a one-bedroom place is under €500, with utilities averaging €116. In short, even on the average salary of €1,334.32 after tax, you can live a more than comfortable lifestyle in Spain.

For more information on this topic, check out Numbeo for the most up-to-date information on the cost of living in Spain.

Additionally, if you're looking for great excahneg rates, zero transer fee's and 24/7 access to make payments in Spain, check out Send Money Overseas.

2. Excellent opportunities for buying a home in Spain

Due to the global pandemic, buyers in Spain are seeking larger homes, preferably detached, with outdoor areas such as balconies and terraces. All of which new homes and developments in Spain almost always fulfil.

On top of this, with the rise of working from home in Spain, purchasing a property in the outskirts of a Spanish city centre offers a greater opportunity for buyers to take advantage of lower prices.

3. The Spanish culture

The cultural history of Spain in second to none. Each region of the country has its own identity and traditions, which are best expressed during the local fiestas - It’s a colourful, lively and passionate culture that draws millions of visitors every year.

Not everyone can say they’ve taken part in the world’s biggest food fight, except for the thousands who take to the streets of Buñol (a tiny town near Valencia) for the Tomatino Tomato Fight. There are many other festivals that take place annually, such as Semana Santa, San Fermin and Las Fallas, all brining the Spanish community together for an exciting and celebratory experience.

4. Food & drink

You may not be familiar with Spanish cuisine (yet), but rest assured, you’ll find some of the best in the world. Famous paella, flavourful chorizo sausage, and luscious Serrano ham are just a few Spanish foods that come to mind, not to mention the countless varieties of local beers and wines.

In short, if the quality of food and drink is a deciding factor for you, Spain will certainly not disappoint.

5. Don’t forget the weather

It goes without saying really, the weather on the Spanish coast is exactly what you want. Great temperatures on all year with very little rainfall – not what we’re used to here in the UK. Average temperature and sunshine hours are twice as much in Spain than they are in Britain, and places like the Costa del Sol averages 325 days of sunshine per year!

If you’re one for getting a tan on, Spain has the perfect climate for you.

Looking to buy a home in Spain?

At Purple Property Consultants, we help people like you find their dream home in Spain. With over 20 years’ experience in the market, access to over ten thousand Spanish properties, and a focus on service, we’ll be with you every step of the way - right from your initial enquiry, through to arranging a viewing and picking up the keys to your new home. If you need any advice on buying in Spain, want to learn more about how we can help, or just want to say hi, contact us today, we’d love to chat.

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