The Spanish government has amended laws relating to the country's property rental market to make them more favourable to landlords - and particularly those from overseas.

Writing for Mortgage Strategy, managing director of CHL Mortgages Bob Young explained this has created opportunities for foreign buyers who want to receive a rental income from a property in Spain.

He highlighted a tax relief scheme which will see landlords receive 100 per cent of the rental income generated by their investments.

Mr Young commented: "There may be more legwork involved for British landlords considering adding foreign properties to their portfolios, but with a lack of supply in the domestic market and opportunities overseas, it may make sense to make hay while the sun shines."

Another factor that may attract foreign buyers to Spain's real estate market is the cost of purchasing a home here.

Last week, the BNP Paribas Economy Research Department published data showing that the value of properties in Spain had fallen by 9.3 per cent in the third quarter of this year, compared to the same period in 2011.
 

source: http://www.propertyshowrooms.com/spain/property/news/spain-attempting-draw-overseas-landlords_312455.html

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