This is the second in a series of articles looking at the reasons why people buy property in Spain, and specific things to look out for depending on which type of buyer you are. Today I am looking at buying a property to let or rent out.
Even among people looking for a buy-to-let property, there [...]
Almerimar Property – Buying to Let
April 7th, 2008Almerimar Property – Buying To Invest
March 26th, 2008Obviously there are lots of reasons why people buy property in Spain, but to me the most obvious ones are as somewhere to live, or as an investment. In addition there are the people who buy an apartment or villa in Spain specifically as a holiday home, and those investors who plan from the start [...]
Almerimar Property – Legal Matters
March 24th, 2008From a legal point of view buying a property in Spain can have many complications and peculiarities. As I discussed in my previous post, there are many different taxes and duties the buyer has to arrange. (If you missed this article please click below). Apart from these financial considerations, there are a number of other [...]
Almerimar Property – Financial Matters
March 19th, 2008For anyone who has decided to buy a property in Spain, as with anywhere else, there are a number of financial considerations over and above the sale price. I have already discussed annual costs and sales taxes in my previous articles; in addition interest rates, if you are taking out a loan are an important [...]
Almerimar Property – Buying Re-Sale
March 14th, 2008This article gives a rough guide to the buying process for re-sale properties:
Once you have found a second hand property that you want to buy, and your offer has been accepted (unlike making a non-bindng offer in the UK), in Spain you will be asked to sign a reservation contract, or in some cases a [...]
Almerimar Property – Resale Property Disadvantages
March 13th, 2008This is my final article in the series looking at the relative advantages and disadvantages of buying off-plan and resale property. Today I am looking at the disadvantages of going for resale:
Finding the Right Property
As every second hand property is different it normally takes a long time and many visits to different agents and properties [...]
Almerimar Property – Resale Property Advantages
March 12th, 2008This follows my previous articles regarding the advantages and disadvantages of buying off-plan property. Of course the alternative is to but resale property of which there is plenty of choice here in Almerimar. Resale, like off-plan property, has pro and cons; today I am looking at the advantages!
Fast Buy
When you buy a second hand property [...]
Almerimar Property – Disadvantages Of Off-Plan
March 3rd, 2008Further to my posts describing the principles of, and the buying process for off-plan properties, here is a summary of what I see as the disadvantages:
Seeing the Property
If you purchase early in the construction phase, you will obviously not be able to see the finished product (the property), and depending on how early, there may [...]
Almerimar Property – Advantages Of Off-Plan
February 28th, 2008Further to my posts describing the principles of, and the buying process for off-plan properties, here is a summary of what I see as the advantages:
Investment Factor
If you purchase early in the construction phase or even before construction has started, the investment value of off-plan properties is likely to be very good, as initial prices [...]
Almerimar Property – Buying In Spain
February 26th, 2008We have all been reading articles about the current state of the property market in Spain, with inflated prices predicted to fall and concerns about an over supply of new-build property, but one of our local estate agents here in Almerimar remains optimistic for the future and believes this region still provides good investment opportunities:
Richard [...]
Almerimar Property – Buying Off-Plan
February 23rd, 2008Further to my previous article on Off Plan Property, I thought I would clarify what payments are normal during the process and when you are likely to have to pay them. If you buy at least 6 months before the development hand over (or completion) the payment process is like this:
When you have found [...]
Almerimar Property – Off Plan
February 21st, 2008I read an article a couple of days ago which described the principles of buying Off Plan, and suggested that the earlier you get in and make a commitment the better the price you will get for your villa or apartment. This was always my understanding but, having not been through the process myself, I [...]
Buying Property In Spain
February 5th, 2008He’s an interesting idea that I read about in an article yesterday: if you are not too sure about a property you are thinking of buying in Spain or elsewhere abroad, why not see if you can move in for a few days, or even for just one night? Sometimes things that look perfect in [...]
Spanish Property Market News
January 22nd, 2008Following on from my article yesterday, which talked about where you might still be able to pick up a bargain on the costas, here is a recent news article which underlines AGAIN how difficult the property market is everywhere at the moment.
“According to figures released today by the Spanish Estate Agents’ Commission, around 40,000 Spanish [...]
Spanish Property Bargains
January 21st, 2008For me the reported turmoil in the Spanish property market is just an interesting news story, as I have no immediate plans to buy more property here and am happy with the home I have. But to the many back in the UK it must be a major factor in putting them off making that [...]
Spanish Holiday Homes
January 16th, 2008It seems as if the credit crunch in the UK is definitely beginning to bite. I was reading a new property article this morning about the market in the UK, and included was some news on property sales in Spain. This came via one of the big UK house builders who have a mainland Spanish [...]
