Real Estate Innovation

So You’re Thinking Of Moving To Spain?

Many people every year are still enjoying the thrill of realising their dream, and buying a property in Spain. Indeed, it is as popular as ever, and there are more and more people experience in the whole process who will be able to help and advise you on your journey to join them. It is not a difficult process to accomplish, but everyone will have experiences to offer, and things do go wrong.

Indeed, your first step along the road to buying property in Spain should be to talk to as many people as possible who have already successfully accomplished this goal.

Any cursory glance at the internet will show just how much information there is available today, and you may have already begun picking up leaflets and glossy brochures. Many people head straight out to the sun to begin browsing properties, but this is a mistake. Enjoying the carefree stroll between luxurious villas bathing in the sunshine is a sure way to ensure your heart is in charge, not your head.

One of the first things that you will need to consider are the reasons why you feel purchasing property in Spain is the right thing for you to do. For example, for some people it will be a retirement home. For others its might be a long term investment opportunity, perhaps letting the property out for most of the year. These circumstances are likely to make a significant difference to the type of property and the location that will be most suitable.

Consider for example that you’re looking at purchasing a retirement home. Many important factors will need to be considered very carefully, such as accessibility, including any steps or stairs necessary to access the property. Although most people would consider the coast to be their first choice, purchasing further inland will give you better value for money. Having said that, if your purchase is purely for investment, then the coast should be your first choice.

As you may have heard, or gathered already, Spanish law is complex, and works at its own pace! You are best advised to take advantage of a Spanish lawyer who will know the system well and will take care of your interests. They usually charge about 1% of the sale price for their services, but for the sake of peace of mind, this is a highly recommended investment.

Very often you’ll find people visiting Spain during the holiday season to view property. Although this might be fun, it is not the best way to approach property investment. Since it is highly likely that either you or someone else will be living in the property for most of the year, it will be sensible to view the locations and properties at various times of the year.

Doing this will provide you with two advantages. The first will be to provide you with a well rounded impression of what it is like to live in that location on a more permanent basis. It will also slow down the initial stages of buying the property, helping you to make a more informed decision.