looking to buy in spain

[propertiescostablanca]

have a look to denia or javea.

[viviren]

According to the Bank of Spain the property prices have fallen down by 17% since 2007, as compared to a decline of 3.5% in the property price last year the figure has gone up to 4.5% this year.

[LaurenX]

Agree that Costa Blanca north is a great destination, Moraira, Altea, Denia etc Beautiful place

[Gene Genie]

Is it even wise to consider buying at the moment? Surely with so many properties for sale as people move back to the UK the long term let market is more competitive than ever. Let others risk their capital while you enjoy their hard work!

[Dingbat]

There's the dilemma.

I see this thread was started a long time ago, but as for the here and now it's hard to take the plunge.

That said, I think it could be wise to buy now, so long as sufficient research is done regarding pricing levels and that you then find a seller who's ready to make a deal based on the same interpretation of market conditions, i.e. one who sets the price right.

I would like to buy at this point in time but i see a market with unrealistic expectations with regard to prices. Prices are where they are due to the level of purchases made as an investment vs. for-a-home. If people hadn't seen the opportunity to build equity due to rising prices there wouldn't have been anywhere near as many properties sold over the past decade. I think it'll be a decade or more before people start buying for investment purposes again so i believe the market is going to be flat for a long long time. Not the best time to be leaping in.

So my interpretation is this. The stupidity began 6 or 7 years ago and prices are now way way above what they will eventually drop to. With a background of tough borrowing conditions, stagnant pay levels, zero interest in property for investment purposes, and many other factors, the only way is down. If i buy i need to be seeing 2004 or earlier levels of pricing.

My research so far doesn't give me much hope. I have seen some big reductions taking place but still not the sort which will eventually have to be made. At present i haven't found anything which i could go into with confidence that i wouldn't lose a significant amount over the next few years. If i was doing a long term investment then maybe this wouldn't be such an issue, but as i am going to live in it, i need to know i can move it on within a reasonable amount of time if personal circumstances change and i have to move.

BTW, non of the above applies to the major cities which always have a certain amount of resilience. I am talking about the semi-rural/rural market.

[Dave_Velasco]

Hi. I had not been there in Spain yet, by my friends are telling that Guardamar is a good choice for location. You might check it out if you want. Want to check it out too as well whenever I have time to visit Spain with the whole family.

[Carolina32]

Hi Nigel:

I am spanish and I have no house to sell you ; ), I think the best choice for foreign people in Spain is look for a little town to meet familys or couples easier, can go for a walk and practice several sports, have a nice evening in a bar or stay quiet in your terrace looking the landscape.

The north of Spain is more expensive than the south, people is also diferent, I think like in every country. For my experience I think you will feel warm enviroment at the south but if you go to Andalucia maybe you will not find a british temperament . So for me the best place is at the middle of Spain, in Valencia or Alicante.

I really like the little towns of Alicante coast, like Altea, Calpe, Denia, Alfaz del Pi, you can find a lot of golf courses there and every service you are looking for and there are a lot of foreign people there from UK, Germany, France...

On the other hand I like Valencia inland because the countryside is gourgeous and the views and lakes or rivers. And normally you can travel really easy to the beach, maybe in 30 minuts you will be. I like towns like Xativa, Ontinyent, Aielo de Malferit... This was a very rich area because they had a lot of industri, so people used to build really nice houses that now are to be sold.

You should visit this aereas and check it by yourself.

Best regards,

Originally Posted by nigel1962

We would like to buy in Spain, we would use the place a couple of times a year and the rest of the time would let out.
We know a lot of people where we live so if the we find somewhere nice we think we could do okay letting it out for holidays etc.

we need some advice on location, somewhere popular with couples and families, not too far from airport, near bars, shops and resturants and beach..
i also know a lot of keen golfers so maybe somewhere near a golf course.
above all it has to be a very nice place to go for your holiday.
does anybody have any advice they could give us.

[Paul Rawlines]

I bought a beautiful villa in Costa Blanca 3 moth ago, 20km from Torrevieja in a small village, the price was really low, now there are many properties for sale, the guy fron the estate agent was really helpfull, I can give you his web site address if you want it. The area has everything you ask for, I am so glad and the weather....20º right now!!

[pablosho]

Hi Nigel,

You don't seem to have come back with any replies to this thread but just incase you are still looking. Why not look towards Cadiz? The unspoilt beaches of the costa de la luz are dotted with pleasant spanish towns.
You have the pueblos blancos (white villages route), Jerez de la Frontera for flamenco, sherry and Andalusian horses, Seville is just 1 hour from Jerez, the historical port of Cadiz a good micro climate and plenty of good golf courses. Matt Dawson has a property in the Arcos Gardens golf complex!
I don't know what area of the UK you live but there are 3 airports, Sevilla, Jerez & Gibraltar serving the UK and Malaga is about 90 minutes drive.
If you need any more info on properties or property rentals in this area, let me know.

[rubencito]

Hello Nigel. Look at La Sella golf resort in Denia, Alicante. 10 minutes from the beach. Horse riding, tennis courts, golf...
I have seen some big price reductions on property there.

Best regards
Robert