Corporations & Jet setters buying in Spain in 2015

Travelling to and from Spain for business is rising significantly in 2015 and instead of checking into hotels, these corporate jet-setters are choosing to buy second homes here.

According to GBTA Foundation, business travel in the UK, Germany, Italy, France and Spain, is expected to increase by up to 6.6%, with spending to increase in this field by 157 billion Euros. In the first half of 2014 a rise of 4.3% spent in travelling for business – the highest in four years.

Companies across Spain admit to feeling more positive about their growth in the coming year, which is more than anywhere else in the European Union – this is due to more diversity into new markets and creating new services and products, which in turn improves their own practices to become more efficient, according to MARKIT, a research company. The recession has forced companies, traders and individuals to find new ways of making money, which in turn, led to an overall modernisation and a rise in flexibility and customer care, as well as a forward drive into overseas markets. The consequence of this, is that their overseas partners will need to visit Spain or international companies will become keen in setting up satellite offices here, leading to higher numbers of business traffic touching down all across Spain.

Companies here in Spain are now targeting the UK Business market for second homes as an alternative to hotels and say that interest is growing amongst those that frequently have to book hotel rooms in the same part of Spain. It also mean’s, that families can join their partners or spouses, and also corporate entertainment on the numerous golf courses can be beneficial without the extra cost of accommodation. And when off duty, the business bases can be used for weekends and holidays away.

With Spanish property prices currently at rock bottom and the strength of sterling means that buying a business home is more affordable but slowly climbing house prices mean, that as a long-term investment, a ‘working home’ could prove to be a top-up for a pension fund when the owner needs to retire and put his or her feet up.