Best place to buy a holiday home in Spain: The Axarquia. Best place to buy a holiday home in Spain: The Costa Tropical. Home Blog The best place to buy a villa in Spain Some flock to the beautiful town each year for holiday purposes, others live in Marbella all year round.
Buying property in your home country can be nerve-wracking enough; buying property in Spain adds extra challenges. Having helped thousands of people buy property in Spain for over 15 years, Spain Property Guides has the knowledge, expertise and contacts to help you through every step of your journey.
Read on to find out why you should buy property in Spain and learn about the buying process, step-by-step. We certainly think so! Buying a property in Spain means you can swap the 1, hours of sunshine that the UK averages per year for the 3, hours that the Costa del Sol gets. You can enjoy the lower living costs , weather in which you can play golf, swim or just sit outside comfortably all year, the emptier roads , the excellent health service , the family-oriented lifestyle, the food and the wine and the friendly people.
So even in the depths of winter Spain has two hours more daylight in the evenings. Whereas in UK high streets the shops close at 6 and people rush home to their TVs, the evenings in Spain are the time to see and be seen! The latest PISA The Programme for International Student Assessment stats show that Spanish kids were significantly happier and less stressed than almost every other country, especially the UK, despite performing generally better at school.
You might think that the UK is an expensive place to live, but in global terms, except for property, the UK compares quite well. But not Spain. In Spain your pension goes much further and your holidays are cheaper. While seaside areas of countries like Greece virtually shut down for the winter, there are affordable flights to Spain from even the most out of the way airports.
You can get to just about every corner of Britain to every corner of Spain with ease, all year. It also offers the chance to drive, take the train or even a ferry once in a while. Can you still move to Spain after Brexit? The buying process in Spain is likely to take around six months. When do you want to be in your Spanish home by? But even before you begin to hunt for properties in Spain , you need to define what you want. Often, we have vague ideas in our heads, but setting them out helps to crystallise things.
The best way to that is through these key five questions:. Analysing your thoughts about why you want to buy property in Spain will help motivate you, so write down your ideas. These could be:. Are you looking to buy a holiday home in Spain? Or will you be moving to Spain permanently? Whatever your reasons, think carefully about how and when the property will be used.
You can find different ways to raise more money or you can buy with family. However, in general, you still need to have a strong idea of your budget from the start. Now for the fun bit! Decide what your must-haves for your dream home are. A turnkey apartment with low maintenance? Would a pool be too much maintenance? Would you rather a flat than a house?
Open-plan instead of separate rooms? Spain is a varied country geographically, with wonderful beaches, mountains, cities, inland villages and countryside offering various types of property. This can make it tricky to decide where to buy property in Spain. Happy house hunting! The coast divides into two regions, Murcia and Valencia, but most people think of it as the northern and southern Costa Blanca , which more or less divides at Alicante.
The north is cooler, greener and tends to attract more year-round residents. The south is warmer maybe we should say even warmer! The entire coast, however, is popular with second-home owners including plenty of Spanish holiday home owners and retirees from all over the world. The southern coast of Spain is entirely within the region of Andalusia.
The Costa del Sol enjoys about 3, hours of sunshine each year, around double the typical number of sunshine hours in the UK. In winter you can still expect to be sitting outside on the seafront, or playing golf in your shirtsleeves!
The closest region to the UK and other colder parts of Europe was one of the first places to attract tourists — the Costa Brava. Catalonia is the region most associated with north-eastern Spain, with its capital the uber-trendy city Barcelona. However, a little further south, the Costa Dorada , Costa Azahar and the city of Valencia are increasingly popular with property buyers. Inland too, regions such as La Rioja are becoming better known.
So why buy here? The north-east of Spain is known as being the cooler in every sense , more sophisticated end of Spain. But most of us buy in the dozens of fishing villages that sit like pearls along this glorious coast. Cliffside houses in the historic, walled city of Cuenca, Castilla-La Mancha. Expats who choose to relocate to this part of Spain are attracted to the close links to Portugal and the proximity of the Atlantic — and the beaches and seafood that this ensures.
It is generally one of the cheapest places to live in the country , and offers an authentic and rural Spanish life — those Brits who live here do so integrated with the local community, and without the cloaks and whistles you would find on the Costa del Sol or the Costa Blanca. Two very different lifestyles can be found here: a vibrant, busy life in Madrid , and a quieter, more authentic Spanish lifestyle as you move further into Castilla-La Mancha.
The historical significance of these two locations is enormous, and architecture and sights across this part of the country reflect this. Although one of the more expensive parts of Spain to buy a home, few people ever regret buying here. Idyllic villages such as Valldemossa and Deia, the wealthy shops and nightlife of the capital Palma, with its medieval old town and cobbled alleyways around the cathedral, family-friendly resorts along the south-east coast, beautiful country homes inland, and then the raucous but fun nightlife of resorts like Magalluf.
Menorca is harder to reach in winter, but prices are lower than in Mallorca too. It also has a spiritual undercurrent, mixed in with the hedonism. A Spanish corner of the Atlantic, the Canary Islands are a paradisiac Spanish archipelago found just off the south-west coast of Morocco.
The subtropical climate helps of course! Along the coast costas of Spain, you will find numerous villas of different styles and sizes, with beautiful views of the sea — that comes at a high price. The properties along the coast are often second homes that are used during the summer months when their owners escape the big cities in the rest of Spain, and indeed Europe.
These properties are often let out to tourists when their owners are not using them, to help pay the maintenance costs or mortgage. You should be aware that those who do this are now required to apply for a licence to take lettings bookings — and these are not always approved.
Get your lawyer to check with the local town hall about any policies on letting to tourists. In Barcelona, for example, the Generalitat city council is now able to oversee all tourist letting, and is attempting to crack down on illegal ones following complaints by locals about noisy tourists. As a rule, the further inland you live, the quieter your surroundings and usually the cheaper the property. Wooded cliffs lead down to pretty bays. Around each headland is another gorgeous view and a road leading down through the pines to a classy village with a sandy beach and maybe a marina.
The Costa Brava is cool, classy and cultural. The weather is perfect for summers but chillier than the more southerly costas in winter. Alternative lifestyles are celebrated in resorts like Sitges. The hinterland is beautiful too, with vineyards in the foothills of the mountains. Learn more about the cheapest places to buy property in Spain. Although largely ignored by British house-hunters, it is at least as beautiful as the northern Costa Blanca that borders it.
It also has the city of Valencia, with its dramatic modern architecture and a rich cultural life. The food is pretty good too — Valencia is generally credited as the home of paella. Houses are affordable and you avoid the British expats who tend to stop at Denia, a little further south. The sun beats down for days of the year on both the residential apartments of Benidorm and Torrevieja, and the inland villages.
Alicante airport has flights from every corner of the UK, all year. Drive north from the airport and, after skirting the tower blocks of Benidorm shimmering in the heat haze, the countryside is greener, with pine forests and palm trees. They are still traditional Spanish towns that have thriving and fun expat communities too, being far enough from the airport to turn off the long-weekenders and appealing more to permanent residents and retirees.
South of Alicante, the weather is warmer and the countryside is flatter. The beaches are pristine, property developments have been kept low-rise and there is highly accessible local entertainment for every age group, from golf courses to water parks. Torrevieja and Orihuela continue to attract large numbers of British property buyers. We think the Costa Blanca is one of the best places for a Spanish holiday home. With year-round flights and year-round warmth, this long stretch of coast is holiday-home heaven.
It has a lively expat community of whom the British are the largest group. Cartagena has a thriving economy based on ship-building, but the authorities are promoting the port as a major tourist attraction with bars and restaurants on the quayside.
La Manga and Mar Menor are some of the best places to buy property in Spain. This thin stretch of land, 24km long, is packed with apartment blocks and superb amenities including marinas, supermarkets, sailing schools, leisure centres, shops, bars and restaurants.
Within the local area there are, however, some delightful villages which are off the tourist track and retain their own traditional lifestyle, bars and restaurants.
These are becoming increasingly popular with British buyers too, looking for authenticity and affordability more than spa and beauty treatments on the doorstep as in La Manga. Vera is famous for naturism, Almanzora for cave homes.
There are still resorts though, including the Desert Springs golf resort, where Ian Botham and Daley Thompson have been homeowners. There are lively British expat communities in Mojacar in particular. The quality of the beaches goes without saying, but the seaside fun includes every family-friendly entertainment you can imagine, great shopping opportunities, Michelin-starred restaurants, championship golf courses, marinas and spas — everything for the well-heeled him and her.
The quality of the beaches goes without saying, but the seaside fun includes every family-friendly entertainment you can imagine, great shopping opportunities, Michelin-starred restaurants, championship golf courses, marinas and spas. The stretch of coast that leads from Gibraltar up to the Portuguese border is known for wide, empty beaches, full of windsurfers in summer but empty in winter. Property is more affordable than in the neighbouring Costa del Sol and Portuguese Algarve, despite it being unspoilt by development.
This makes it one of the best places to buy in Spain. Seville is famous for its Feria de Abril, sherry drunk dry and ice cold , tapas and its Moorish feel. The art, culture, food and wine is a rich combination of North Africa and Spain, with a distinct taste of the exotic in cities like Cadiz. The eastern Costa de la Luz is famous for windsurfing and the party lifestyle that windsurfers love so much.
The beautiful seaside city of Cadiz is here too. Inland are historic towns like Jerez and Medina Sidonia. Each has its own culture and character. Each high street is individual, each residential district has its own particular idiosyncrasies.
While most British people head for the beaches in Spain when looking for property, others might want to move to a city where jobs are available and where life is busier.
Spain is fortunate in that it has some wonderful cities, offering good communications, excellent choice of schools and plenty of culture, attracting people from all over the globe. If you do come to Spain to work or look for work , renting may be the best option here, at least until you have learned about the area and had time to look around for a property to buy.
However, rentals are quite expensive in the main centres of Madrid and Barcelona. Madrid has a lot to offer in every respect. It is an elegant city with plenty of green spaces, a first-class metro and bus service, an international airport and wonderful museums and art galleries.
It also has a great music scene offering everything from classical concerts to late-night jazz. Every nationality is represented in this cosmopolitan city, as demonstrated by the wide variety of restaurants and food available, not just in the city centre but also in residential districts.
There are several British schools in the city as well as international ones, and they offer education to children of all ages. The climate is typical of inland locations: cold in winter, very hot in summer. However, with global warming, Madrid has seen some milder winters of late. The summer heat tends to be dry which makes it more comfortable. Barcelona, the capital city of Catalonia, saw a regeneration in when it hosted the Olympics. A modern, vibrant city by the sea, Barcelona has a huge port capable of welcoming the largest cruise ships and container ships afloat.
There are also several pleasant beaches on which to relax. It is probably even more cosmopolitan than Madrid and its residential districts are leafy and comfortable.
Transport connections are excellent and the metro is very efficient. El Prat airport has two terminals and direct flights to every corner of the world. There are cycle lanes and wide boulevards as in Madrid and life here is very enjoyable. There is also a strong work ethic. The Mediterranean climate is pleasant, with mild winters and hot summers which can be quite humid.
There is a lot on offer culturally too, with some of the biggest names in the entertainment industry making regular visits to the huge Palau Sant Jordi arena. The third city of Spain, Valencia, lies a few kilometres from the sea and also has a large port area as well as a lovely promenade lined with bars and restaurants. The city centre seems quite small, although very pretty. Following a disastrous flood in when the river Turia which flowed through the city burst its banks, the riverbed was drained and rerouted.
Eventually, the citizens demanded it be turned into a park for the residents, rather than a construction site. Today there are 14km of glorious parkland to be enjoyed with various locations dedicated to relaxation and sport. The historic centre is a maze of streets and little squares, the largest being the magnificent Plaza de la Virgen at the top of which is the wonderful cathedral.
A city of food, there are tapas bars to suit every taste, good restaurants and two specialities — Paella a la Valenciana and Agua de Valencia. The latter is made from fresh orange juice, cava and a dash of vodka or gin. Valencia has to be one of the most relaxed places to live in Spain. Property here is cheaper than in Madrid or Barcelona but there are some upmarket districts overlooking the river park.
As with the two larger cities, there are British and international schools. The climate is typically Mediterranean with mild winters, warm springs and long, hot summers. The historic centre is condensed into a small area and is an absolute delight, renowned for its tapas bars and restaurants.
The outlying residential districts are pleasant, with few high-rise buildings, plenty of greenery and lovely views.
With regard to work opportunities , transport and logistics is an expanding sector here but traditionally the city caters to tourism, construction and technology businesses.
The city of Zaragoza, in the province of Aragon, is often overlooked by British property buyers. This is a pity as it is a delightful place to live. It is the fifth largest city in Spain and much of the centre is pedestrianised, allowing residents to enjoy it without having to dodge traffic. It is an inland city and as such has very hot and dry summers, while winters tend to be cold.
It is also a windy place but the comfortable way of life here more than compensates for that. There is a lot of industry on the outskirts, which offers employment, and its central location means very good communications to Madrid — 90 minutes on the AVE fast-speed train and a similar amount of time to Barcelona. Inside the city, the bus service is frequent and cheap, and Zaragoza airport serves several Spanish destinations.
The people here are particularly friendly. El Tubo is one of the best tapas bar areas in Spain and Zaragoza boasts two fabulous cathedrals in the same square, Plaza del Pilar. Pilar is the patron saint of the city. Property here is comparatively inexpensive, around half the price of other large cities. Many would-be expats are attracted to the pretty inland towns and villages that are surrounded by vineyards and steeped in history.
You will still find urbanisations in the country areas, but it is more likely that you will come across typical village houses, either of natural stone or, as in Andalucia, painted white. Village properties are generally cheaper than the bigger towns unless it is a village which particularly attracts tourists such as Mijas, Andalucia or Pals, Catalunya , but they are more likely to need some if not total renovation, and the running and maintenance costs may be quite high.
These properties are nevertheless popular, especially when the village offers a bar or two, shops, chemist, etc. Skiing and winter sports are widely practised here, as is hiking and bird-watching in the summer months. The mountain ranges of the Pyrenees, the Cordillera Cantabrica, Sistema Central, Sierra Morena, and the Cordillera Subbetica all offer attractive properties, many with a rental income. Homes in the better known and smarter resorts are inevitably more expensive, but there are numerous little towns and villages offering good value for money.
Although the economy has been steadily climbing upwards for a number of years now, property is extremely affordable. If you know where to look, you can find homes thousands of euros below the average property price.
Keep reading to discover where to find the cheapest homes in Spain. This is a huge beach completely free of development, due to its location in the Cabo de Gato Natural Park. Did you know that you can ski in Andalusia?
The Sierra Alhamilla is just an hour away, with plenty of unspoilt hiking trails. And all this with some of the cheapest homes in Spain! Although the surrounding area is mainly rural, access is simple. The Eix Comercial, below the Old Cathedral, is the main shopping street. This is a mainly Catalan-speaking area. Essentially everyone is bilingual in Spanish, but locals really appreciate it when expats try out a few phrases in Catalan too.
Torrevieja lies on the Costa Blanca , with fantastic beaches within easy reach. Its location between the sea and two salt lakes gives it a particularly healthy climate.
The Playa de la Cura and Playa de los Locos are popular beaches and districts for expats. The region lies to the south of the might Ebro River. It has produced wine since Roman times — and this is still the main industry.
There are lots of reasons why people want a second home in Spain. Its fantastic climate for a start, which allows for a wonderful lifestyle. Throw in convenient access from the UK, affordable property, world-class cities and 5,kms of pristine coastline, and it seems a no-brainer. Join us as we explore some of the best places to buy a holiday home in Spain.
The Costa del Sol is extremely popular with British buyers, meaning English is widely spoken. So where should you look for your holiday home around here? Prices for larger properties are comparatively high but you can find two-bed apartments for a reasonable price depending on location.
Torremolinos is a resort town with plenty of apartment buildings and, if you are not worried about a sea view, you can find nice flats for sensible prices.
Estepona is another town which is sought-after for holiday homes, as is La Duquesa to the west of Marbella. Lying to the north of the Costa del Sol is the Costa Blanca, another extremely popular holiday home destination. The weather is also warm and sunny most of the year, but property prices tend to be less expensive than on the Costa del Sol.
There are 18 golf courses in the area to choose from and property ranges from rural fincas to resort apartments. The south is very warm and dry with great beaches on the fairly flat terrain. As you travel north, you will see a changing landscape as mountains start to appear and it becomes much greener.
The beaches are made up of little coves with cliffs and are quite rocky. The south is closer to Alicante and Murcia airports making accessing your holiday home a breeze. The north is very pretty and more peaceful, but property prices are considerably higher. South of Benidorm is where to look for excellent beaches and seaside resorts.
To the north are typical seaside villages lining the green hillsides and if you venture further inland you will find vineyards and orange groves. Torrevieja in the south is one of the best-known resort towns, offering everything you would want for a holiday home destination by the sea. Other destinations popular with British buyers include Alicante and La Manga, the narrow promontory separating the Mediterranean from the Mar Menor.
These all have large expat communities, and English is widely spoken. Teulada-Moraira are two towns in one and would be a good choice for people seeking a traditional setting. As would Altea, despite its close proximity to Benidorm. The Balearic Islands each have their own beauty and identity. The best known and largest island is Mallorca or Majorca where many celebrities have their holiday homes. The sheer beauty of this island with its mountains, coves, stunning coastline and marinas is what lures them and countless others.
It is an expensive island though, so if you are thinking of buying your holiday home here you will probably need a bigger budget than on the mainland costas. The north of the island is the most exclusive. The winters are not as mild as in the south and so many restaurants and businesses close, but you will always find some places open. The port offers sandy beaches and golf courses and is a busy place with plenty going on.
Most of the property is new and modern. In the south-west is Andratx, which has a small but pretty port and a yacht club. This as a typically Mallorcan town, so not as busy as others on the island. The people of Mallorca speak Mallorquin, similar to Catalan, though on the coast most people speak Spanish and English too. Take a look at our advice on language in Spain. A much smaller and quieter island, Menorca is the ideal place for peaceful holidays. It has encouraged sustainable tourism for years and the gentle terrain makes it perfect for hiking and cycling.
There are some wonderful unspoilt beaches, such as Marcarella Cove, which has very fine sand and an aquamarine sea. It is also home to a quaint old town. The British and Spanish are the main buyers but recently the French have discovered its charms.
Flights to the island are plentiful from Easter to October, but are reduced to one a week during the winter months. Head into the hills and there are pretty villages and upmarket homes.
The southern part is home to Tossa de Mar and Lloret de Mar, both popular holiday spots. Of the two, Tossa is undoubtedly the more attractive. The further north you head, the coastline changes to rocky inlets and small coves.
Almost halfway up is the town of Sant Feliu de Guixols, a very Catalan seaside spot popular with families. It has two pretty beaches, a small rambla, plenty of bars, all types of restaurants, a pretty pedestrian-free centre and a permanent British community. These, together with the hilltop town of Begur, are the jewels of this coastline — small seaside fishing villages with an authentic feel.
This part of the Costa Brava is quite pricey for obvious reasons but the views from the rocky cliffs are stunning. While the British property market struggles, prices in Spain continue to rise. If you are looking to invest in Spain in the near future, come to the next Your Overseas Home event. There will be legal and currency specialists, plus gorgeous Spanish homes for sale.
You might also be interested in our guide to renting out property in Spain. Property prices in Catalonia have fallen recently, perhaps due to the push for independence. Barcelona still commands high prices, but even here there are bargains to be found and, if you are considering buying to invest, Barcelona is still amongst the top cities in Spain. The Catalan coast is always popular with Spanish people and overseas buyers.
Until now, these cities have not seen the increase in prices experienced in Madrid and Barcelona but are seen, nonetheless, as having great potential. Seville was named the best European city to visit in by Lonely Planet, which can only boost property sales.
It continues to appeal to a large variety of purchasers and renters. San Sebastian is another city worth considering. It is one of the most expensive cities in Spain as far as the cost of living goes, but has a flourishing restaurant and tourist sector and people are always seeking affordable accommodation. A small apartment here could be an excellent investment. Tenerife saw price increases in and this trend should continue.
Tourism on the island has been growing for many years and returns on rental property here are high. Beware though, if you intend to rent out your property to tourists you must ensure that it lies within a community which permits you to do so. It is a traditional Spanish city with a long and interesting history, a very pretty old town, a port and lots of culture on offer.
Spain really does offer something for everyone. Whatever style appeals to you, you will find it here. You can find apartments , townhouses , villas , masias, fincas, cortijos , white villages , cave homes , park homes …. Those looking for a project could even buy land in Spain. Most Spanish people live in apartments too, gardens being less important in this frequently parched country.
The positives of apartments include affordability, ease of use and amazing views. They are a lock-up-and-leave option, with no gardens to water or pools to clean. Communal areas will be looked after — although do check the management fees — and that can even include swimming pools, gyms, club houses or even a golf course. New property developments are now required to have energy-efficient heating and insulation, especially with regards to soundproofing a real problem in the past. You may have to pay extra for parking, and apartments with a sea view command higher prices, of course.
However, you may find one overlooking a park or other green space at a more competitive price. Some apartment blocks have shared swimming pools and gardens. Some cities will have elegant apartments from around the turn of the 20th century too: light and airy, with high ceilings, double doors and attractive plasterwork.
On the other hand, they may not have a lift or parking. A townhouse will tend to be a terraced property in a town or on an urbanisation. Some are very spacious while others may feel cramped. The gardens are usually quite small but there are often communal gardens to be enjoyed and a swimming pool or two, depending on the size of the development. Different nationalities tend to buy in the same area, so you could find a townhouse near to other British people.
For developments that are occupied all year, there is often a good sense of community and the properties are easy to maintain. Perfect for people who buy holiday homes and who are only in Spain part of the year. There will be service charges to pay which go toward the upkeep of the pool, gardens and communal areas. Most villas have a minimum of three bedrooms and two bathrooms shower room , and for this reason are the most expensive property option. Villas built on hillsides with sea views will cost more than those with mountain or town views — the same goes for townhouses and apartments.
You will find that property plots have been getting smaller in general, so an older villa could offer you much more land. If you feel the cold, make sure your villa or townhouse or apartment has central heating. The Spanish seem to have lots of words for farmhouse!
These imposing country properties can command high prices. Masias are large stone properties which belonged originally to a local dignitary. They are spacious and usually have a substantial amount of land around them. If you are thinking of running your own business, a masia could provide all that you need.
Fincas and cortijos are farmhouses, some dating back centuries. These used to be small estates and today are sought after by people looking for a tranquil rural existence. Despite being in the countryside, some are not all that far from the sea and these command higher prices than truly rural properties. Usually there are several outbuildings, which many international buyers have found a use for.
Gleaming on many an Andalusian hillside, these picture-perfect villages have stone houses painted bright white, often brightly coloured doors and window shutters and with bougainvillea pouring from balconies. They do have excellent rental appeal though. They also offer a community, and a warm welcome to international buyers. Indeed, in many parts of rural and north-west Spain , they still are.
The influx of overseas buyers has led to revived village traditions, reopened schools and new wealth. They may not look like a cave from the outside. Most look like normal villas but extend into the hillside. These areas are easy to reach all year and with easy access to both mountains in ski season and beach in the summer season. The British journalist Mathew Parris owns cave house in Andalusia. Here there are whole suburbs of cave houses. Few are natural: most are chiselled into soft conglomerate rock or hard clay, and whitewashed within.
You will usually be warmed by the welcome from your fellow park residents too. Many park estates offer vibrant and friendly communities, with facilities such as clubhouses, swimming pools and even golf courses. Do beware the yearly service charges and ground rent however, as these can be higher than in a bricks and mortar home. The great disadvantage is that, unlike bricks and mortar, your park home will fall in value over time.
Property in Spain is often referred to as resale or new build. So, what are the advantages of buying off-plan in Spain? Buying off-plan in Spain is a relatively smooth process, but there are a few differences to the standard buying process. For those still undecided between a resale and a new-build property in Spain, there are plenty of advantages over resale properties:.
Purchasing a property in Spain is no simple process. There is much to be considered, and many areas such as legal and financial regulations where it is important to consult the services of trusted professional experts. The right information at the beginning of your process will set you on the right path to successfully and safely purchasing property in Spain, and will ensure you have the right expertise by your side on every step on the journey.
So, we recommend getting in touch with an estate agent, lawyer, currency specialist and independent financial adviser at an early stage. Our team can help you find the right experts for you. Engage the services of an independent, English-speaking solicitor who is a specialist in property law as soon as you decide to buy, and make sure to include their fees when budgeting for your purchase. We can introduce you to a trusted lawyer who have successfully and efficiently dealt with hundreds of our readers in the past.
Get introduced to a laywer today. Some estate agents may suggest that you can save the money on a lawyer, as the notary will check that everything is above board. However, the notary is simply checking that the legal processes are followed; they will not be protecting your interests.
In the long run, it is certainly worth spending the money for a lawyer. Among their checks will be that the seller is the legal owner, that there are no outstanding debts or mortgage on the property, that the property complies with planning and building regulations, and if any major construction is due in the area. Your lawyer will also help you to make a Spanish will. They will help you assess the implications and differences between inheritance laws in your region of Spain, compared to your home country.
Foreign buyers are very active in the market, led by British and German buyers. The Island benefits from state-of-the-art hospitals, historic sites, plenty of art and cultural events, an immense variety of world cuisines. These state-of-the-art apartment complexes with amenities such as pools, spa and green garden areas, add several hundred residential and commercial units to the local property market in the next five years.
Cala Gat at Ratjada, Mallorca — beautiful beach and coast. Property demand in Spain is rising — boosted by a growing number of international buyers. In addition, a record number of foreigners are deciding to buy a property in Spain. From January-June , there were 53, sales to non-Spaniards, the highest figures since record began in , according to Spanish notaries. Britons head demand, with 7, sales, up 8. The French are second on 4, sales, down 4.
The top three nations showing the biggest increase in sales are Morocco on Spain benefits from warm weather, an affordable lifestyle and cheap flights from destinations around Europe. Here are some leading property destinations. Most market commentators would agree that the tide has turned and Spain is on the up.
The fears and insecurities caused by the upcoming Brexit negotiations have led the number of British people moving to Spain to rise considerably. It caused many people seeking to make their next life-changing move being held back by countless doubts and wonders.
Not only you are fully able and have every right to buy a property in Spain, but the Spanish government is constantly motivating both EU and overseas residents to make this move. European union and Great Britain flags on cardboard pieces.
Although the majority of British people choose Spain as one of the top destinations to emigrate, there has been a big decline in residential Spanish property sales figures. This was mainly caused by the rising house prices, which makes it more difficult for people to buy a property in Spain. The price is continuing to rise on the areas and streets of the big cities as property supply is scarce. Key facts about values and costs to buy a property in Spain.
In June , a new law was put in place for Spanish mortgages. The aim of the new law was to improve the transparency and behaviour of mortgage lenders. Currently the average mortgage interest rate in Spain is 2. Whilst the new law has positives and adds extra protection to homeowners, the new law could also provide challenges to expats who are outside the Eurozone. The new rules mean that mortgages can be requested to be converted to local currency.
This then can in turn create a risk with exchange rates. It is, therefore, important to consult with a financial advisor if you are considering moving to Spain and applying for a mortgage. Are you thinking of buying a property in Spain? Contact our currency and overseas property experts who will provide expert guidance on your next life-changing move. Thinking to buy a property in Spain?
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