Investment opportunities in a business on the Costa Brava in 2021

Situated in the north-east of Catalonia, the Costa Brava is an area that many people dream about. It also attracts many investors, many of whom are French. This craze that it arouses is understandable, when you know how attractive its market is. Here we tell you more about the investment opportunities that exist in 2021 in the shops on the Costa Brava.

What are the impacts of coronavirus on businesses on the Costa Brava?

Like many other countries around the world, Spain has been hard hit by the COVID-19 pandemic. All of its regions, including the Costa Brava, have therefore been affected. As a result, there have been many cases of temporary closures of various shops in the area, which is known for its prosperity. The policy pursued with regard to the retail trade was to close all those that were considered non-essential, which was sometimes fatal, and to leave those that were considered essential open. The latter category mainly included food shops and pharmacies.

However, even the functioning of these has slowed down considerably, due to supply difficulties caused by border closures, lack of staff due to travel restrictions, etc. The number of people working in the field has also increased. Overnight, the streets were deserted by passers-by. The repercussions were therefore felt a lot in Rosas restaurants, hotels, bars and in sectors of activity such as the sale of clothes, electronic accessories, toys, etc. This led to the bankruptcy of many businesses.

However, while it is true that crisis situations can put an end to some projects, it must also be recognised that they can be real opportunities for some people. Indeed, while some choose to go out of business, others prosper. This is how many hotels and restaurants have been put up for sale in strategic locations such as Rosas, Playa de Aro, Cadaquès, Tossa de Mar, Empuriabrava, Lloret de Mar, etc. As a result of the economic situation, their costs have even been revised downwards a little. This is a good deal for all investors who have the necessary resources for their acquisition.

It should also be pointed out that although many solutions have been developed to optimise the flow of financial or real estate transactions during the crisis, the processes have nevertheless been slowed down considerably. Nevertheless, there is still no talk of a price collapse. For the time being, the term that is much more commonly used is that of a pause, pending a strong recovery at the end of the health crisis.

Why invest in the Costa Brava?

It is no longer a secret that the French are among the foreigners who invest the most in the Costa Brava. This is due to the many advantages of the area.

The destination is very popular with travellers

Spain is one of the most popular tourist destinations in Europe and the Costa Brava is one of the regions that attract the most visitors and investors. The climate partly explains the region's success, since it is Mediterranean, i.e. moderate in winter and mild in summer. This makes it ideal for swimming in the sea, excursions and walks on the fine sandy beaches and coves throughout the year. It is therefore a very pleasant place to live. Many Spanish and foreign tourists come to the area just to enjoy the exceptional climate, which is why the Rosas hotels are always full. All these beautiful people are potential customers, no matter what business you invest in.

It must be recognised that it is not only the climate that is pleasing, since the infrastructures, beaches and landscapes are all very beautiful and worth the diversion. The same goes for the cultural heritage, which is very rich. By investing in a hotel or restaurant in the region, for example, you can be sure that business will flourish all year round, as there is almost never a shortage of tourists. It should also be noted that the economic development of the Costa Brava is excellent and the cost of living is lower than in France.

Property prices

More than the excellent climate and quality of life, it is above all the more than attractive prices on the property market that attract investors to the region. While in large Spanish cities such as Barcelona, prices are still quite high, this is not the case on the Costa Brava. In fact, they defy all competition in the face of those applied in France. It must be said that in the sector, since 2007 there has been a decrease of almost 40% in fares, as well as a sudden and drastic drop in demand for a few years.

Even though the situation on the Costa Brava has stabilised for some time now, the price per square metre is still much lower than in Paris or elsewhere in France. In addition, real estate offers abound on the Costa Brava, especially now that the pandemic has caused the closure of a large number of shops that are now for sale. You therefore have the opportunity to invest in property in such attractive locations as Empuriabrava, Playa de Aro, Rosas, etc., and get a great deal.

In spite of the coronavirus and the rise in prices recorded in recent years on the Costa Brava property market, the region therefore remains very favourable to investment in commerce. All you have to do is know which one to choose and do everything you can to make it profitable.