Spain is an attractive destination for tourists and property hunters due to its development, rich historical and cultural heritage, amazing nature and luxurious lifestyle. This country has a mild climate, it is always warm, bright local colour and exquisite cuisine. Living in Spain is a dream for many. In addition, this place is also interesting for investors who want to profitably invest money. Is it worth to buy an apartment in Spain, let’s try to understand.
Typically, foreigners are not just looking to buy a property, but also to make profitable investments. In this case, it is recommended to stay in new buildings in large and resort cities. Apartments, as a rule, are not bought for their own residence, and then to rent.
What not to save money on
The correct choice of object to purchase – a guarantee of unmatched recreation and profitability of the property. It is worth choosing carefully when you decide to buy a home for personal use or investment. It is necessary to consider the parameters on which you should not skimp:
1. Location – it is desirable that the property is located close to the beach, where there is excellent infrastructure and access to a variety of attractions.
2. Conditions for a comfortable holiday – especially important in the case of acquisition of the object for investment purposes. Must be convenient location, access to amenities such as swimming pool, gym, located in a developed area. The apartment should be quiet and peaceful. A modern and comfortable layout is a must.
3. Infrastructure – shops, restaurants, shopping centres, transport stops should be nearby.
On what else it is not desirable to save when buying a home abroad, it is on a reliable partner. This is especially true for foreign buyers. For a successful deal you need to know the local market and the laws in force.
Why buy in Spain now
The property market is characterised by volatility. If your goal is to stay in the black, then you must act quickly. This also applies to the situation in Spain. It is possible to buy real estate in a few years, and it is still possible to profitably invest your money. However, if you rely on the facts, they say that you should do it now. Here are some reasons to buy a flat in the country
low prices;
- tourist attractiveness;
- the cost of land, which is gradually increasing;
- Increased demand for Spanish property;
- excellent conditions for businessmen from abroad;
- growing economy.
The residential property market in Spain, as elsewhere, is divided into 2 categories – primary and secondary. Particular attention must be paid to new builds. Significant benefits are opening up for the investor. It should be noted that the construction sector of housing is at its peak. There are a huge number of quality projects of interest being developed across the country. In addition, energy-saving technologies are being used to build new houses. And this indicates a reduction in utility bills. In addition, there’s the possibility of buying a flat and paying for it in installments. And another big plus is the provision of various guarantees from builders. In particular, for the elimination of defects.
Therefore, the question of whether to buy an apartment in Spain, disappears by itself. Definitely, yes!
How to choose an apartment complex?
Assess the proposed amenities in the area, how much you will pay for them.
How to buy a property?
Select the property, open an account at a local bank, sign a deposit agreement, issue a foreigner’s number, sign the bill of sale, and pay.
