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Spanish property Investing in property in Spain or buying a holiday home there, there are various issues to consider before taking the plunge. Talk to some of the experts on the forum who have been there and done it and can provide you with tips and advice on legal, financial, taxation and other relevant issues

looking to buy in spain

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  #1  
Old 27-09-2008, 12:11 PM
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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.
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  #2  
Old 29-09-2008, 03:33 PM
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Choosing the ideal location within Spain will depend upon your reasons for purchasing a property in Spain. If you are seeking an easily accessible winter getaway, then you may want to consider heading for one of the destinations in Southern Spain such as the Costa del Sol, Costa Almeria, Costa Calida or Costa Blanca. If you wish to be near the stunning city of Barcelona and the French border, then perhaps the Costa Brava is the place for you....or how about a home from home on one of the Balearic Islands - Majorca, Menorca or Ibiza. Then again, if flying a little further afield doesn't bother you, the Canary Islands of Tenerife, Lanzarote, Fuerteventura, Gran Canaria and La Palma offer a superb year-round climate.
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Old 30-09-2008, 08:41 PM
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Hi Nigel, I've owned property in spain for many years now and particularly like the Mar Menor area on the Costa Blanca. Its very safe for children and has great beaches. It is within 1 hour of 2 airports and close to bars and restaurants. One of the properties I own is close to 3 great golf courses and has bars and restaurants in walking distance. There is a hospital nearby and school which is very useful for attracting that long let over the winter. It is great to have your own property in Spain but I see it more as a lifestyle thing, don't expect it to earn you a fortune in the short term. Let me know if you want an unbiased viewa on running costs etc.

Kind Regards

Chris
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Old 01-10-2008, 07:55 PM
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Nigel

No problem in finding what you want it is just a matter of going to have a look ...you can get an idea on the web sites but that is all
I speak as a buyer as well as an agent both for a part tiome home for us to winter [ near Huercal Overa where 2 bed villas on 400m2 plots start from circa 160.000 € to buying for the same reason as yourself...to let...so it has to be close to a good beach , facilities and golf
Bought a 2 bed apart 100m from one of the best beaches in Spain and on a golf course with another nearby...no this is not a Polaris World buy [ I am a PW agent and if you want a resort they are very good]...it is between Aguilas and Mojacar : cost from170.300 € but I paid 177.000 €
Golf course ready this October, aparts late 2009
This and lots of other info available
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Old 05-10-2008, 07:14 PM
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Hey Nigel

Spain is a great place that's without a doubt but the various areas you could consider such as the Costa Blanca / Costa del Sol / maybe the Balearics / Canaries... They all are rather different. Different climate. Different social and cultural elements...

If you want to rent it out then that will probably be around holiday times... You will need to take into consideration the increase in flight prices around holiday times... And ammenities.. And last but not least things to do... If you know people you know what they like.. As for Golf, well this is Spain most areas have some fabulous courses!
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Old 06-10-2008, 09:16 AM
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Agree pick your location with care and in general for max lets close to a good beach and golf and within walking distance of facilities
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Old 06-10-2008, 02:56 PM
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Quote:
Originally Posted by nigel1962 View Post
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.
Hi Nigel,

Sounds like you've just described the Mijas Costa area of the Costa del Sol. There are various centres to choose from: La Cala, Mijas or Fuengirola for example, which all have lively bars and shops, as well as an abundance of golf courses.

The area is less than half an hours drive from Málaga airport, and this journey can be done by bus or even by train if you choose Fuegirola.

These are all popular tourist destinations and perfect for family or golfer holidays alike. The weather is fantastic pretty much all year-round, as you'd expect on the Costa del Sol, and the Mijas area is certainly much cheaper than the Marbella end.

I actually live in Fuengirola and love it here. There's plenty of spanish culture for those that care and there's a lot of English making it comfortably mixed. The bars and cafés are cheap and of a high standard, and the beach here is a blue flag one. A good sign is that even now, in October. there are still holiday makers on the beach and the bars are lively of an evening.

Most of the golf courses are further down the coast from us, but they are still accessible and many of the top courses are as little as 10 minutes away by car.

Whatever you decide, it would be best to visit the area, possibly talk to locals about it and investigate it as best you can.

Good luck!

Ed
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Old 07-10-2008, 12:30 AM
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Default Yes, my advice is buy a bank repo

Hi Nigel, buy a bank repossession or a distressed sale, is cheaper than market rate around 20 to 50%, so you get better value. Yes, we have them. Good luck.

Quote:
Originally Posted by nigel1962 View Post
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.
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Old 09-10-2008, 01:56 PM
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Don't we all!!!

There is a good choice at present but be selective

Make sure that if it is a re sale that the spec is good or if not make a good allowance in your offer to upgrade

Lots of older re sales need a bit of work to bring them up to current building standards which for new builds ready now are subject to
Check air con units, power supply [ often not large enough to run everything at once!!] boilers etc and does it have solar for hot water [ big item now in Spain and all new licences from April 2007 have to have it]
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Old 09-10-2008, 05:45 PM
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No such thing as a rental guarantee....nothing is for free in property anywhere UK or EU or world wide!!

it is just part of the marketing and built into the price...compare price per sq m with it and without it !

In Uk it has been a valuation issue for a while and now Chartered Surveyors have to take these type of deals into account
A property with a rental guarantee is not in general worth the price being quoted anywhere!
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