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Property In Northern Spain
By Rhiannon Williamson, Fri Dec 9th
If you’re looking for the ‘real’ Spain where the culture,customs and the traditional Spanish lifestyle have beenpreserved - a Spain long ago lost and forgotten along the Costadel Sol - consider Northern Spain. Northern Spain has always been a popular holiday destination forsouthern Spanish tourists, but until relatively recently it waslargely unexplored and undiscovered by foreign tourists andthose expatriates seeking a new home overseas. As the southern Spanish coastal regions become over priced andover populated the charm and beauty of Northern Spain isbecoming more popular and more fashionable, and those in searchof a better quality of life away from hectic city stress andcramped
tourist towns can find a wealth of affordable propertyin Northern Spain as well. (Article continued below)
The main property hotspots in Northern Spain are centred aroundBilbao, Picos de Europa, Santiago de Compostela, Vigo and theMino Valley. Property hunters in Northern Spain will be rewardedwith stunningly situated properties ripe for renovation, welllocated properties offering massive investment potential,sprawling country residences with plenty of space for those insearch of a little peace and then right at the upper echelon ofthe market there are incredibly luxury and chic city dwellingsoffering the very best in interiors, location, facilities,accessibility and amenities. Beginning with the port city of Bilbao, which is the capital ofSpain’s Basque region, the main entry point into Northern Spainand Spain’s most significant commercial port, this city boastsan impressive spectrum of property in its portfolio. The city is a commercial, financial, historical and culturalcentre and thanks to massive regeneration and renovation Bilbaois now a significant Northern Spanish real estate hotspotoffering everything from top end luxury apartments totraditional and ancient dwellings in the old quarter. Property investors will benefit from the fact that the city iscurrently receiving significant financial investment designed toraise its profile as both a main business centre and aninteresting international city break destination. Bilbao it iswell serviced in terms of local accessibility and internationaltravel links, it is beautifully located in one of the moststunning regions of Northern Spain and culturally it has a lotgoing for it – from the impressive Guggenheim Museum to theCasco Viejo. The Picos de Europa National Park offers a completely differentrange of properties and opportunities for both the propertyinvestor, those seeking a second holiday home in rural,beautiful Spain and those in search of a new lifestylealtogether. The 40km wide National Park is breathtaking and richwith flora, fauna, stunning views and opportunities for activeoutdoor pursuits from skiing to hiking, mountain climbing andcycling. Prices across the region are on the up as thedestination increases in popularity with tourists and thoseseeking the cheap renovation property projects the area hasbecome equally popular for. In complete but complimentary contrast to the wild and naturalbeauty of Picos de Europa is the city of Santiago de Comostela.This UNESCO world heritage site with its impressive and worldfamous cathedral is actually one of Spain’s most incrediblecities. It is also a site of pilgrimage and a centre so rich inart and history that it draws thousands of visitors every year.The city is known as the religious and cultural heart of theCeltic Galicia region and it has the added attraction of amicro-climate which affords it beautifully warm summers. Ofcourse with all these features, attractions and benefits thecity is not only a Spanish property hotspot it is actually anexpensive hotspot and property prices in the city have beensignificantly increasing with 10 – 11% increases across NorthernGalicia last year alone. But don’t despair; prices in the cityare still far more affordable in comparison to properties insouthern Spain, the city is directly accessible from the UK andit offers impressive property investment potential and realestate rental return potential. The lively and affluent coastal town of Vigo is a popular resortand is proving a consistently attractive prospect for foreignreal estate buyers. Formerly famous for having Europe’s biggestfishing fleet the area is now as famous for its tourism and allit offers its visitors and residents – from its incredibleAtlantic swept beaches to its funky and cosmopolitan caféculture and nightlife. If you’re attracted by all Vigo has tooffer - and who would blame you – and you’re looking for realestate in the area you’re probably assured good investmentpotential as property is still very affordable but more and moremassively in demand. Finally, the Mino Valley region of Northern Spain which islocated on the Portuguese/Spanish border is an incredibly lushand beautifully unspoilt area of Spain. It follows the Minoriver, is about 35km from great beaches and is as yet arelatively unknown tourist or expatriate area. That is all aboutto change however and the area is gearing up for an influx ofboth tourists in search of an active but peaceful destinationand those expatriates seeking a brand new Spanish world. Theregion has so much to offer, it is incredibly lush as mentionedwhich makes for breathtaking natural scenery, it enjoys ahealthy and warm climate and offers the property huntereverything from rural rundown renovation treats from around EUR70,000 to luxury and expansive chalet developments reachingprices in the region of EUR 750,000. When it comes to bargains, real estate investment potential anda diverse and rich mix of property available for those in searchof a second home in Spain, a Spanish home from home or a buy tolet or investment opportunity, Northern Spain has it all inabundance. About the author:Rhiannon Williamson is the publisher of http://www.shelteroffshore.com/ - the online resource for investment property abroad,offshore investing and living overseas. Click the following linkfor Spanishproperty and moving to Spain articles, guides, and resources | 