The secret of financial success is very simply buy when a product is cheap and sell it when it becomes expensive. It is a matter of supply and demand and the real estate market is no exception. At present on the Costa de Sol, rural Andalucía and to some extent Spain we have an oversupply of properties. However, I wouldn't wait too long before you make your move because the situation is changing rapidly on a week to week basis.
Big investment companies are beginning to move into the Costa del Sol buying up large chunks of urban land, whole blocks of apartments, individual villas, rustic properties and even some industrial and commercial sites. These companies do not function on whims or feelings but on solid data that predicts growth, life expectancy, quality of life etc trends. Basically they know that when the world economy recovers which will be soon people in Northern Europe will look for the usual things in their second or permanent retirement residence. Good climate, health and education facilities, efficient transport system and good access from the rest of Europe. Andalucía and the Costa del Sol have all that in abundance. So don't wait until supplies run out and prices begin to increase. Buy now at the right price.
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