Overseas Dreams: Investing in property and lifestyle

EWN talks with property expert Peter Bowerman of Overseas Dreams about the Costa del Sol property market.

Spain has a quality of life that’s hard to beat; the climate, the healthy Mediterranean diet and outdoor lifestyle mean that the Spanish have the longest life expectancy in Europe and are second worldwide, just behind the Japanese. Also, many friends and clients of ours that suffered in the UK with old sports injuries or arthritis, feel rejuvenated in the warmth of the Costa Del Sol, and live very active lives while in Spain.

For over 30 years I have been advising buyers and investors on which property best suit their requirements ie, which property will be the best for rental or long-term capital growth, both very different acquisitions. I have based my whole career and future around property, which I genuinely feel is still the safest and most lucrative form of investment available. History shows that with long-term property investment, prices always go up, even with all the fluctuations in-between.

If you’re ready to fulfil your overseas dreams or looking for lucrative “buy to holiday let” investments, the good news is that you can still find some great “below market price” deals leaving plenty of scope for capital growth. Successful property investment is simply a matter of slowly buying up good properties at favourable prices and renting them out, eventually building a strong portfolio. You can then either keep them as a form of pension or sell them off for large gains in the future when the market value doubles or quadruples, as historically it usually does. But just like the game of Monopoly, you can’t go out buying up everything and leaving yourself short of cash for when you hit the occasional speed bump. You have to keep reserves so you are never forced to sell at the wrong time.

Peter is a frequent contributor to the UK / Spanish press and was one of the panel of experts for Overseas Property Professional magazine, having spent most of his working life as a professional real estate agent and valuer. He is also the Managing Director of one of the coast’s top Master Real Estate Agencies “Overseas Dreams” with registered offices in both Marbella and Mijas Costa.

For more information on buying or selling your property on the Costa del Sol, contact Peter or any of his team on Tel: (0034) 951 551 444 or email: info@OverseasDreams.com

Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories. Remember, you can also follow us on Facebook and Instagram.