Spain has a constitutional monarchy and is based on a parliamentary democracy. Power is highly decentralized; the autonomous communities have a high level of legislative, an executive and fiscal autonomy.
Spain is the 5th largest economy in Europe and grew by 2% in 2019.
The European Fund for Strategic Investments continues to favour Spain and financed €60.6 billion in 2020; in comparison to Portugal €17 billion and €21.2 billion for the UK
This means that potential investors can benefit from:
- Free movement of goods and services; capital and people
- Trade without intracommunity tariffs
- A single currency
- Funding for SME’s
Spain has a modern; knowledge-based economy in which services represent 75% of its business activity.
Spain’s appeal for foreign investors lies not only in the strong domestic market, with 46.6 million consumers but in the 80million tourists each year. In 2019 Spain had one of the highest numbers of international tourist worldwide, spending €92M.
22 of the largest Spanish companies has entries in “Forbes Global 2000” largest companies in the world.
Spain has generated 25.7% of all employment created in the Euro Area since 2014
The total value of exports and imports of goods and services in Spain equals 66.6% of GDP.
Murcia is a small region is South East Spain with just over 2% of the land territory but accounts for 21.2% of the Nations Fruit and Vegetable export revenue.
The economic growth in Spain drove national house prices to rise by over 10% in Q1 2019 for brand new properties and over 5% for resale properties.
There has never been a better time to invest in property in Spain!