Spain Real Estate

For International Clientele

A Storied Country

Spain is a storied country of stone castles, snowcapped mountains, vast monuments, and sophisticated cities, all of which have made it a favoured travel destination. The country is geographically and culturally diverse. Its heartland is the Meseta, a broad central plateau half a mile above sea level. Much of the region is traditionally given over to cattle ranching and grain production; it was in this rural setting that Miguel de Cervantes’s Don Quixote tilted at the tall windmills that still dot the landscape in several places. Spain is bordered to the west by Portugal; to the northeast it borders France, from which it is separated by the tiny principality of Andorra and by the great wall of the Pyrenees Mountains. 

The many and varied cultures that have gone into the making of Spain—those of the Castilians, Catalonians, Lusitanians, Galicians, Basques, Romans, Arabs, Jews, and Roma (Gypsies), among other peoples—are renowned for their varied cuisines, customs, and prolific contributions to the world’s artistic heritage. Spain’s countryside is quaint, speckled with castles, aqueducts, and ancient ruins, but its cities are resoundingly modern. The Andalusian capital of Sevilla (Seville) is famed for its musical culture and traditional folkways; the Catalonian capital of Barcelona for its secular architecture and maritime industry; and the national capital of Madrid for its winding streets, its museums and bookstores, and its around-the-clock lifestyle. Madrid is Spain’s largest city and is also its financial and cultural centre, as it has been for hundreds of years. Source, Brittanica.com.

 

Lifestyle in Spain

PICTURESQUE, ENERGETIC, AND CULTURED

Incredible Countryside

Museums, Restaurants and Cafes

Dynamic Soccer Scene

Sunny, Warm Weather

Industrial Economy

Nightlife Destination

Four Languages Spoken

Vast Outdoor Activities

Museums, Restaurants and Cafes

Endless Beaches

Ethnically and Culturally Diverse

Established Tourism Industry

Pet Friendly

Friendly People

 

Food

Out of the top 10 restaurants in The World’s 50 Best Restaurant list, three are Spanish. Created in 2002 by the London-based Restaurant Magazine, this famous ranking is known as the Oscars of the food world, and for years it has bestowed honor upon honor on Spain’s cuisine.

- El País

Architecture

Spain today is "an international stage for architectural innovation and experimentation," says Terence Riley of the Museum of Modern Art.The variety and ambition of civic projects throughout Spain, in city and suburb alike, is genuinely impressive: athletic stadiums, contemporary art museums, city halls, convention centers, low-income housing, theaters, health clinics, public markets, parks.

- The Washington Post

Sights

La Sagrada Familia - 

Top choice basilica in L'Eixample

If you have time for only one sightseeing outing, this should be it. Gaudí's unparalleled, Unesco-listed La Sagrada Família inspires awe by its sheer verticality, and in the manner of the medieval cathedrals it emulates, it’s still under construction. Work began in 1882 and is hoped (perhaps optimistically) to be completed in 2026, a century after the architect's death. Unfinished it may be, but the cathedral attracts more than 4.5 million visitors a year and is the most visited monument in Spain.

- The Lonely Planet

Luxury

Madrid, an elegant city, offers many luxury properties in desirable areas such as around the Gran Via, in the neighborhoods of Salamanca and Retiro, and the exclusive zones of La Finca and La Moraleja. Barcelona, the city of Gaudí, is also highly sought-after by discerning buyers, particularly the upscale district of Sarrià-Sant Gervasi

- LuxuryEstate.com

 

Attractions & Destinations

Internationally Certified. Locally Recognized.

Joske Thompson is a licensed Global Real Estate Advisor and has been trained as a Certified International Property Specialist to specifically address the needs of those looking to purchase property in California as a foreign national and U.S. nationals looking to purchase property abroad. He is the President of the San Francisco chapter of FIABCI, an elite network represented in 65 countries with members from all professions of the real estate sector. His extensive knowledge on international property and investment practices, paired with his robust worldwide network, affords Joske the competitive edge to deliver successful strategies for his global clientele. As a member of Top Agent Network, Joske is locally recognized as a top agent in San Francisco. 

Real Estate Market & Trends

 
 

Cost of Living Comparison

As Compared to Madrid

San francisco

+83% MORE COSTLY

Food: +90%

Housing: +145%

Clothes: +18%

Transportation: +24%

Personal Care: +75%

Entertainment: +77%

Total Difference: +83%

hong kong

+83% MORE COSTLY

Food: +32%

Housing: +162%

Clothes: +13%

Transportation: +16%

Personal Care: +20%

Entertainment: +56%

Total Difference: +69%

sydney

+35% MORE COSTLY

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Food: +21%

Housing: +50%

Clothes: +14%

Transportation: +41%

Personal Care: -7%

Entertainment: +29%

Total Difference: +35%

dubai

+27% MORE COSTLY

Food: +37%

Housing: +39%

Clothes: +13%

Transportation: -4%

Personal Care: +31%

Entertainment: +50%

Total Difference: +27%

Economics

The Spanish Economy

After a prolonged recession that began in 2008 in the wake of the global financial crisis, Spain marked the fourth full year of positive economic growth in 2017, with economic activity surpassing its pre-crisis peak, largely because of increased private consumption. The financial crisis of 2008 broke 16 consecutive years of economic growth for Spain, leading to an economic contraction that lasted until late 2013. In that year, the government successfully shored up its struggling banking sector - heavily exposed to the collapse of Spain’s real estate boom - with the help of an EU-funded restructuring and recapitalization program.

Until 2014, contraction in bank lending, fiscal austerity, and high unemployment constrained domestic consumption and investment. The unemployment rate rose from a low of about 8% in 2007 to more than 26% in 2013, but labor reforms prompted a modest reduction to 16.4% in 2017. High unemployment strained Spain's public finances, as spending on social benefits increased while tax revenues fell. Spain’s budget deficit peaked at 11.4% of GDP in 2010, but Spain gradually reduced the deficit to about 3.3% of GDP in 2017. Public debt has increased substantially – from 60.1% of GDP in 2010 to nearly 96.7% in 2017. Strong export growth helped bring Spain's current account into surplus in 2013 for the first time since 1986 and sustain Spain’s economic growth.

Spain At a Glance

As of December 2018

GDP: $1,314 B

GDP Growth: 3%

GDP per Capita: $28,200

Government Type: D

Public Debt/GDP: 98%

Population: 49.3M

Unemployment: 17.2%

Inflation: 2%

Forbes Rankings

Trade Freedom: 21

Monetary Freedom: 12

Property Rights: 33

Innovation: 25

Technology: 21

Red Tape: 77

Investor Protection: 29

Corruption: 40

Tax Burden: 34

Personal Freedom: 1

 

Meet Your Global Real Estate Advisor

Joske Thompson

Certified International Property Specialist

1699 Van Ness Avenue, San Francisco, CA 94109

joske@pacunion.com  /  Tel. +1 (415) 345 3100

Gracefully Matching Passionate Clientele with Distinguished Properties

1699 Van Ness Ave San Francisco, CA 94109

Office: 415-345-3100 • Cell: 415-608-2233

DRE: 00843865

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