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Spain - A Perfect Destination?

By Simone Icough

Mondly by Pearson
Mondly by Pearson

Did you know that Spain is the 'hottest' place for buying property in the world today? Everything about Spain is beautiful; the people, the culture, the heritage buildings, the gorgeous beaches, stunning vistas and almost 340 days of uninterrupted sunshine! So it's not really hard to figure out why Brits voted for Spain as one of their favorite property buying destinations, not to mention that buying affordable Spanish property is not limited to the rich and famous anymore. With 30% lower cost of living than in Britain, buying affordable Spanish property is now a reality. What's more, with the interest rates in Europe at an all time low, there is no better time to invest in buying your dream home in the land of Dali and Gaudi!

However, before you jump on the next flight out to Spain on a hunt for your property, remember that like Britain the Spanish property laws are not without their twist and turns. Moreover, if you do not have good knowledge about the geography of the country and are unfamiliar with the language, don't let this slow you down. Buying affordable Spanish property is easy when you have Spanish property experts helping you locate the best property that meets all your requirements. By working with a highly experienced property agent in Spain you will save both time and money.

Some of you may be anxious to know if buying affordable Spanish property is a tough task !! The good news is that with the right guidance and some research, buying your dream home in Spain is quite easy. Due to the booming real estate market, thanks to many Brits who have relocated to Spain, there are many ready or under construction properties available for new homebuyers. On the flip side, just like in the UK, you need to be prepared for any hiccups in the buying process. In order to better protect yourself, it's vital that you gather as much information as possible, thereby preventing yourself from being taken for a ride or getting involved in any legal tangle. But there is no real reason to worry as buying affordable Spanish property is not a difficult proposition. The whole process is just a little different than in the UK.

Two things which may slow down the buying or investment process are the different legal terms and names and the fact that all the paperwork is in Spanish. Don't press the panic button just yet, because you can have all the contracts and other important documents translated into English and/or hire the services of established and reputable property agents so that you are totally aware of what you have signed for. After all, it's your hard earned money!

Another thing which you should be aware of is that you may not get floor plans along with defined room sizes for the property you are considering buying. Giving out floor plans and room sizes is not a norm in Spanish real estate market, unless of course you are purchasing a new and developing property.

Though all this may lead you to believe that buying affordable Spanish property is a difficult prospect, remember that the benefits of your investment will definitely outweigh any such issues. Moreover, if you are considering buying affordable Spanish property for your personal use, then you have much to look forward to. Visualize waking up to the gentle music of the ocean waves lapping the shore and going to sleep after watching a brilliant sunset as it disappears behind the horizon. Imagine walking with your partner on the beach, hand-in-hand and enjoy the sea breeze as it takes away all your troubles.

About the Author

Simone Icough is with Ambient Jobs which provides recruitment services in Spain and Gibraltar. Their consultants have experience in multiple market sectors, including Administrative & Secretarial, Construction & Engineering, Sales & Marketing, Technology, Accounting, Banking & Finance, Real Estate, Financial Services and Online Gaming.


First Published: Feb 02, 2008

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