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Advice on Buying Spanish Property

Spanish Property Advise

If a buyer decides to buy in an up and coming Spanish area which is not yet built up or fully developed a buyer must bear in mind that empty property plots will be built on in the future,. This means that your dream Spanish property could well be surrounded by cranes and builders Be aware that this might affect your view.

Research local amenities, accessibility and security as these can effect future property values. Study the area of Spain you have chosen, is it in demand now, is it full to capacity, are there a number of properties on the market that have remained unsold for sometime?

Cheaper inland properties often fail to live up to rental income expectations. A short distance form an airport is also a must. Is there a hospital or a school nearby?, Is the school international? Engage a reputable, English speaking lawyer to oversee your Spanish property purchase and ensure you avoid any potential pitfalls.

When buying a Spanish property, think of your own needs rather than that of family or friends who might not visits as often as they say. Remember that reforms and modernizations cost more money than you envisage. If a buyer decides to go down this route, be sure to obtain professional quotations prior to purchase and budget for unexpected surprises.

As a buyer, look around, study and visit as many Spanish properties as possible to obtain the necessary research to make a correct property market evaluation. Compare the actual property sale price of properties for sale in the same area of Spain, not the asking prices.

Be aware of sun orientation. No one wants to wake up on holiday to find the terrace and garden already in the shade, NEVER buy an east or north-facing apartment!

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