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Spain remains one of the top choices for people looking to buy a second home abroad to retire in as well as for vocational and/or letting purposes. Everybody knows that Spain is blessed with thousands of kilometers of beautiful sunny coasts, which is an excellent backdrop to the stable economy and an unbeatable quality of life.

Property prices in Spain are beginning to settle after an incredible decade-long real estate boom where prices rose at times by 30% yearly. Although prices are still rising moderately, professionals expect an evening out throughout 2007 and an eventual stabilization; there aren’t any signs or expectations, however, of a significant downturn.

The Spanish property market is still expected to maintain stability because Spain’s coasts remain a strong draw to foreigners in search of sunny properties in Spain for retirement or vacation purposes. Buying a home and letting when you’re not occupying it remains an interesting way to mix enjoyment and profit.

Spain has also recently been ranked as the preferred destination among Europeans who wish to work in a foreign country, and its immigrant population is both a steady force and a positive motivator for the economy. For these reasons and more, specialists in Spanish property still believe the market provides appealing investment opportunities.

Legislators in Spain have been busy making it easier for foreigners to both buy Spanish real estate and to live and work in Spain. Non-residents in Spain will find it easier to buy, let and resell their properties than ever before.

The Costa del Sol is one of the strongest areas in Spain for foreign property buyers, both retirees and vacationers alike (especially the British, German and Dutch). This southern coast truly has much to offer for people of all ages and preferences.

Some of the current hotspots in the Costa del Sol are:

• Benalmádena: This town’s population of 30,000 swells to an impressive 100,000 during the summer. Advantages include its proximity to Málaga’s international airport (20 km away) and its division into two parts (the new sprawling developments along the coast and the old whitewashed village nestled among the mountains).
• Marbella: A true hotspot for the glamorous and glitzy, Marbella has also begun to take on an appeal for the average property seeker.
• Nerja: With a population of over 12,000, Nerja has moved beyond its days of a small fishing village but still retains much of its charm. Over 16 km of beautiful crystalline beaches, mysterious hidden coves and caves and an enchanting town center make it a favorite in the Costa del Sol. It also has the advantage of being located only 50 km east of Málaga.
• Almería: This breathtaking Mediterranean hideaway has somehow remained relatively untouched by the nonstop tourism and rampant construction that other areas of Spain have seen. Some of its strong points include over 300 days of sun per year, fascinating nearby villages waiting to be discovered and stunningly beautiful secluded beaches.