A Guide To Buying Property In Spain

 



Are you interested in property in Spain but confused about whether now is the right time to do so. The problem with real estate is there is never a good time to buy but always a bad time to buy if you listen to the so called experts. So I hope this overview will help you to make up yourmind as to whether now is a good time to buy.



Why Spain ?



The answer to this question could be as different as to the number of people who you asked ...an adrenaline extreme wind surfing holiday on the Atlantic coast, energetic cycling amongst the white villages in spring time, breathtaking walks in the Spanish Pyrenees, partying in colourful and noisy Ferias, dancing in Ibiza discos to the early hours, sunny golf days in February in Marbella, shopping in Puerto Banus or simply reading a book in the sunshine in a quite Spanish garden.



 



Spain offers adiverse number of experiences and that is why its unique position in the tourist sector provides a constant growth to its visitors and its reputation as

europes n1 destination. This year saw a 4% growth in tourist number in the first quarter passing through Malaga Airport, and 2010 saw a similar 3.5% growth during a severe recession.



To travel to Spain is of course economic and as fast as intercity rail or car travel in Europe. Often when we are crushed in the many economic airlines that fly us from every

city in the UK to Spain, we forget the fantastic quality, reliability and rewards they have brought to our life styles.



 



The Spanish coastline has become the California of Europe, it isn't a desert island. The British have become one of the largest groups to search out new areas, as well faithfully enjoying our old favourites of the Costa del Sol and Costa Blanca. This growth has allowed the Spanish infrastructures and facilities to be among the

best in the World. Marbella leads the World as the municipality with the highest number and density of private sports facilities per head of population, out performing destinations such as Dubai and is the town with the highest numbers of passes at International Baccalaureate for students at International Schools regulated by the UK Council.



Yet still there are deserted and natural coastlines such as the western Costa de la Luz where the experience for the traveller is as secluded as any natural touristic destination. This new area has grown faster than any other coastline with British visitors discovering a Spanish Garden Route with miles of unspoilt beaches, attractive West Country styled estuaries, less crowded golf courses and fantastic value at local restaurants.



The buyer has a wide choice of ways to go about this process of finding a property. Choose from an agency based in their own country

which often start with internet searching and visiting property exhibitions, or contacting sellers through the many direct selling portals or using a high

street real estate office in Spain. Some larger agencies are recommended as they can offer additional services that can help value property and make property surveys on your behalf with professionals in their company.



Spain is obliged to sell property under EU regulations and all buyers do enjoy protection, but it's a good idea always to use specialist lawyers- One advantage of Spain is the

choice of lawyers speaking fluent English with great experience of the needs of British clients and this will cost around 1% of the property purchase.

Finding your property takes time but many multi listing services now mean you don't have to use as many agents as before. Checking if the agent has access to these properties means you can be certain you will have comprehensive property finders service from the agent chosen and you will not have to run around office to office wasting valuable time.



Making the correct property decision is fundamentally the same throughout the World. Good property is well located with working infrastructures and clear licensing documents. It is a good time to buy. The average apartment property price in 1st Quarter of 2011 in Spain are around 17% cheaper than 2007 and currently Marbella has average prices of 2333/m2 , Costa Mijas 1,653e/m2 and Fuengirola 1,941/m2 . The new coastline of the Costa de la Luz has property prices at 1,8007m2 ( Idealista.com ). To recover you investment always keep in mind someone must be willing to pay you the money for the property for a quality lifestyle use. A cheap property doesn't always mean a secure gain. Spanish property is a mature market with security if a buyer takes sensible precautions and uses professionals.



 



Financing your purchase could be an importantrequirement. There are some excellent offers available where mortgages are subrogated to approved clients at 85% of the purchase price. These are normally new projects where the developer and the bank have collaborated to make an attractive sale on the last units. Likewise the Banks real estate departments selling repossessed property offer high loan to value deals. Currently the best deals seem to be with property for sale in Estepona and property for Sale in Elviria

Following these points should help you acquire a property where you can relax and enjoy what Spain offers.