Spanish property has long been favored by second home owners from all reaches of the world. The Southern European country was the second most popular destination for international vacationers in 2006, behind France, according to the World Tourism Organization (WTO). But after the Spanish property market’s recent downswing, is Spain still the attractive vacation home locale it once was? For now, those interested in Spanish property investments may be better off waiting to see what the market does.
Spain is home to more than 40 million people and covers a total area of 504,782 square kilometers. The Mediterranean Sea flows alongside the country’s southern and eastern coasts, making these areas particularly desirable to holidaymakers and second home owners.
