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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

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Buying a bar and letting an apartment

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Old 11-09-2006, 08:13 AM
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Default Buying a bar and letting an apartment

Hello everyone,
Can anyone please help us, at the moment we have just put our house on the market as we are wanting to move to Spain.
we are thinking of buying a bar and letting an apartment, the bar side does not seem to be a problem, but we can not seem to find an apartment cheap enough to let we will need a 2 bedroom apartment, can any one give me any suggestions.
See you soon
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Old 11-09-2006, 08:15 AM
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Default Buying a bar and letting an apartment

Hi Ismael
You will get a bar because so many are going bust. I see so many people come down here and buy a bloody bar and 6 months later they disappear.....Do you know how many Bars there are run by expats......If you don?t know how to find a 2 bed roomed apartment at this stage god help you. Do some homework, spend some time over here before you start parting with your money.......I went to one the other day, the whole family have come down here, none on them have run a bar or restaurant before and their food is crap as well as expensive and they wonder why they don?t get too much trade.

Don?t mean to be brutal, that?s my suggestion of the day....do some very serious homework and that is not 2 weeks worth!! Otherwise you will end up with a bar you may not sell and no money. Incidentally make sure you have at least 3 months rent available. 2 is for deposit, 1 is rent.
Many Thanks
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