Many people in the
UK now look to buy property in spain.
Investing in Spanish
property is becoming increasingly popular, and it's estimated that nearly
2 million people will buy a property in Spain over the next 5 years.
Before you view
a property for sale in Spain
Before arriving in
Spain you should make sure that you have at your disposal sufficient
funds to cover the Reservation Deposit on a property. If you do not
have the means to lodge a Reservation Deposit immediately, you
risk losing the property to another party who does have the reservation
sum available. The absolute minimum required is normally 3.000
euros, but may be up to 12.000 euros for higher priced properties.
Our experiences
have shown that the average amount is 6,000 euros, which may be paid
with a credit card or cash. A cheque, if drawn on a foreign bank account,
may take up to ten days to clear by Spanish banks. The deposit is refundable
if the vendors change their mind but is not refundable if you cancel.
Choosing a property
in spain
Things to consider include
the frequency with which you will use the property, think about the distances from
airports, rental potential and long term investment - establish a budget and
remember to add ten percent to the purchase price to cover fees associated
with the buying process.
Acquiring the home of
your dreams in Spain shouldn't cause a headache providing the research is
thorough - and providing you employ the assistance of a reputable property
company - such as Essential Estate (click below). If unobstructed views are a
priority, consider homes which are beachfront, frontline golf or in elevated
positions and always ask if further development is planned for the area. The
Costa del Sol offers world class golf courses, superb build quality and much
improved infrastructure - not to mention the best climate in Europe.
If you are looking for property for sale in Spain then please click on the link below and visit our partner company - Essential Estates.
Property
for Sale in Spain
Mortgage
GB are not connected with the above site and the information provided
is for information purposes only.
"A
fee may be payable for mortgage advice, depending on your circumstances,
of up to 1% of the loan amount."
