The dream of having a house in Spain
surrounded by beautiful beaches, adventurous spots and more may sound quite
tempting. But you need to leave the fantasies aside and start paying attention
to every single detail to avoid common pitfalls.
Knowing what to expect when buying a
property in Spain can be a good starting point to set up a peaceful life ahead.
Various factors like real estate scams, high capital tax gains, and other
fluctuations can cause a significant impact in the Spanish property
Are you planning to settle in a luxurious
villa located in the Costa Blanca or a sleek apartment in Alicante? Our guide
will help you to buy a property in Spain and avoid certain consequences to turn
your dream into reality.
Should You Rent
or Buy in Spain?
You may find limited rental opportunities
in Spain. Due to the popularity of short-term holiday rental homes, the rent
prices have also been increased in some areas. For those who need to stay for a
short-term, renting out a holiday home could be a suitable option. As rent
prices are possibly higher, it is also good to invest in an apartment and rent
it out to earn better profits.
Do You Have
Enough Time to Manage the Property?
You can’t underestimate the fact that
owning a home demands both time and work. It is a long-term commitment that can
include maintenance, taxes, dealing with tenants, selling, and so on. Some
people who have purchased more than one houses couldn’t really manage to visit
the other. It is hard to be available for the management of the property so you
should narrow down your concerns before investing.
Do You Want a
Short-Term or Long-Term Tenants?
Renting a home in Airbnb seems to be a
lucrative option but everything has its own set of disadvantages such as
cleaning burden, more wear and tear on the property, and so on. In the
off-season, you might not want to fill your house as much as you’d usually
Renting on a long-term lease is another
great option to manage your property on a daily basis. You can prefer to take
the rent of the entire year at once or divide it into 12 months.
Where to Find
Property in Spain?
The best locations to buy a property in
Spain is a choice driven by individuals’ lifestyle and budget. Popular places
like Alicante region, Andalusia province, Costa Blanca, and Valencia are some
of the options you can consider. Some areas prove better than others in terms
of infrastructure and environment while some really stand out when it comes to
With the peace of diverse culture and
residential neighbourhoods, homeowners can access to various magnificent
facilities like sea views, gardens, on-site security, swimming pools, and
shopping stores. It is good to do careful research before investing your
hard-earned money in a property to enjoy a high standard of living.