Where to buy – Spanish Pueblo or Expat Community?
This in an important issue which should be carefully considered before purchase – if you make the wrong decision it can be costly, bearing in mind reselling and re-purchasing costs. Any profits made on a quick sale will be handed straight over to the tax man! Many people have a vision of living in the ‘real Spain’ amongst the Spanish and away from tourist resorts. Although there are those who have done it, and wouldn’t live any other way – is it for you? There is great community spirit in small Spanish Pueblos (villages) – but you will need to live the Spanish way, and speak the language. You are unlikely to be accepted if you insist on going into the bar and asking for ‘a large beer please mate’, but even if your Spanish is poor, you will gain brownie points with the locals for trying!
The advantage of buying on an urbanization where there are other expats, is that you will be mixing with other people in the same situation as yourself, with facilities on hand, and general maintenance of the property and gardens undertaken by the community (although you will be required to pay a yearly fee for this). However, if the community do not agree on matters, problems can arise and it is wise to check the community rules before purchase.
For Living Permanently in Spain
Many people tempted by a better quality of life, are looking to escape unpredictable situations and climates in favour of searching for 'the good life in Spain'. People leave their home country for many reasons, be it to take advantage of the still affordable market in Spain, a new job, to study, to work, or maybe to be with other family members who are already living permanently in Spain. Whatever your reasons for moving to Spain, the way of life is totally different and for some, it comes as a real culture shock. You have to learn new currencies and languages, and you miss your friends, family and all that is familiar. Many will go through a transition period, which may last up to two years, before they can truly decide whether they can 'fit in', or should give up and go home. For these reasons, buying property for living permanent in Spain is a double edged sword. Not only is it imperative to choose the right location, but you also need to be sure that making the move is right for you.
You can find facts, legalities and relocation information almost anywhere - but nothing that can really give you a true insight on living in Spain permanently. The book ‘Moving to Spain’ provides you with all you need to know about Moving to Spain and living in Spain permanently, including the pitfalls involved in making the move and how to prevent falling into them.
Buying investment property in Spain.
Most people buying an investment property in Spain will opt for a new build property on which they may only have to put down 30% of the purchase price. Buying off plan can also be a cheaper way of getting onto the Spanish property ladder, with the added bonus of having an input into the fixtures and fittings – sometimes the internal layout and design as well. Investment property in this bracket may not be ‘key ready’ for a further two years, by which time the investor could have doubled his money. It is usual for these properties to be sold on before completion date, thereby making a grand profit before incurring the completion costs and taxes. The most popular investment property in Spain now are those on golf courses or ‘leisure complexs’, many of which are springing up along the coasts and further inland.
Buying investment property in Spain>>
We are an Anglo Spanish company who can advise you on all aspects of the Spanish property purchase procedures including: Solicitors, Notary, Mortgages, Bank accounts, Property Management, Holiday rental management and buy to let advice. Our trained staff in Spain have helped many people through the purchasing process. We can guarantee our clients a professional service before, during and after the purchase of any of our Spanish properties.
If you require more in depth advice on buying a property in Spain, please do not hesitate to contact us
Buying a holiday home in Spain >>
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