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Why Invest In Spanish Property?

July 16th, 2007

Traditionally amongst Britons, Spain has been the most popular foreign country in which to purchase property. In fact this trend has been followed by other European nations such as Germany and Sweden to the extent that of all houses sold in Spain, one third are sold to non-Spaniards.

The are so many reasons why Spain has become a favourite not only for property investors but for people wishing to buy Spanish property in order to relocate to Spain. Notably of the three nations that invest the most highly in Spanish property, UK, Germany and Sweden, the climate in their home nations is certainly not as temperate to that of Spain and the excellent Spanish weather is an oft cited reason for relocating to Spain, as well as a large driving factor of the thriving tourist industry. Although one should not only think of year round sun. If you were to visit the north of the country such as the Basque region you would encounter a climate that is more akin to the UK with frequent rain. At the furthest end of the scale you are also able to enjoy winter sports in the country, as there is a thriving winter sports scene.

Asturias, Spain

It is this contrast that makes Spain so appealing.

Culturally, Spain is a friendly and relaxed country. The manana attitude that is pervasive amongst the Spanish can be a very appealing attitude for those wishing to distance themselves from busy city living. Although it can prove to be slightly frustrating when, for example, you need the services of a builder or plumber.

The infrastructure within Spain makes it very easy for foreign visitors to access the various regions with numerous international airports serving the country well. We will be including an indepth post detailing the numerous Spanish airports and the supporting areas later in the series.

Prices for property can be incredibly low compared to typical western standards in the more far flung areas such as Extremadura or Asturias and it is possible to pick up a small farmhouse in need of some restoration for as little as €25,000. Alternatively, buying a property in one of the established areas such as the Costa del Sol could cost millions.

Costa del Sol

Ultimately, you can get from Spain as much as you are prepared to put in. If you are prepared to do the research you can still pick up a property bargain and there are still many good off plan deals that are worth pursuing. You should note, however, that as the market it maturing it is more difficult to make a profit on Spanish property, as there are now large numbers of professional and amateur property developers that have been fuelled by media stories of how to make millions from property. This is certainly possible, but you should brace yourself that as the Spanish market is cooling down, you might have to wait that little but longer before you make your first million.

Spanish Property Series

July 13th, 2007

As part of a new series of blog posts for the overseas property investor we will be focusing our attention on the Spanish property market.

Spain is an incredibly attractive proposition in terms of purchasing property due to the excellent infrastructure, mature tourist industry, great weather and laid back lifestyle. The investment potential is not as high as it once was, however – the industry leading investment potential of a few years ago were clearly unsustainable. On the flip side, as the price of property in Spain is not increasing at an alarming rate, it maybe possible to pick up a property for a lower price than you might expect.

Our series on the Spanish property market will evaluate the merits of Spain for property investment, the prices you may expect to pay, and the various popular geographic areas for property investment along with more up and coming areas where larger gains maybe possible.


So you have bought your dream Spanish property. What now?

July 9th, 2007

You have made your Spanish property purchase and the deal has been done, but you mustn’t forget the final preparations necessary before you embark on your new life in the Spanish sun.

Much of the advice in the forthcoming list is common sense, however, it would be wise to use it as a handy reference guide to ensure that you haven’t forgotten any important details.

Checklist before moving to Spain

  • Get estimates from Spanish removal companies for transporting your belongings from your country of origin to Spain.
  • Arrange for all postal mail to be redirected to your new Spanish address
  • Take some Spanish language lessons (if you haven’t started already)
  • Ensure that all outstanding domestic bills are paid and up to date and that utilities such as gas, electric and water are disconnected if appropriate.
  • Contact your local council and inform them that you will be moving out of the country and that the electoral register will need to be updated appropriately.
  • Notify financial providers of your move. These can include banks, insurance brokers, pension fund managers, etc.
  • Don’t forget to hand your notice in at work, unless you don’t mind a very long commute


Cumbre Sol in Valencia – Northern Costa Blanca

February 12th, 2007

This new build Villa based in the Moraira area sits in an enviable position 170 metres above sea level affording excellent views of the Mediterranean Sea and the beautiful countryside that surrounds.

The Villa is 3 bedroomed with the benefit of 4 bathrooms. The internal property dimensions are 330 square metres.

Cumbre Sol Villa

Cumbre del Sol is located between Moraira and Javea and can boast a number of excellent facilities such as a supermarket, restaurants, bars, bank, a medical centre and a private beach.

The villa price is £387,228 (€573,097)

To contact the vendor visit Foremost Villas

If you are interested in purchasing Spanish property see our Spanish Property Buying Guide


Costa Blanca Property – La Sella, Cap Moraira

February 9th, 2007

This new build villa complex is located between Javea and Denia and offers 3 bedrooms, 2 bathrooms, a private pool and 121 square metres internally.

The villa is within close proximity of the 18 hole La Sella International Golf Course and a Marriott 5 star resort has recently opened in the area providing an extra 9 hole golf course.

The property offers panoramic views over the golf course and the Denia national park.

Facilities in the area are excellent; these include numerous restaurants, bars, a supermarket, equestrian school, tennis courts, sports centre and private beach.

Prices start at €452,214. For additional details and pictures see Foremostvillas


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