If you, like many before you, have ever dreamed of owning a vacation home in another country, have you ever considered how easy it might be to put your feet firmly on the ladder of foreign ownership? Buying property in the UK, as most of us know, can be a long and exhausting process with no guarantees until the contracts are signed, sealed and delivered, before having to wait endless weeks for the process to unfold. legal.
However, buying abroad may not essentially be such a traumatic experience. There are so many sources of information these days that give us insight into the processes that go into buying a property in Spain, for example.
We all love to see shows like locations, locations where families pick up sticks and move abroad in search of a new life, but this is the extreme end of the scale. For many of us, owning property abroad is no longer a dream, but a reality that is often cheaper than buying in the UK and often generates income, due to the thriving UK holiday industry. today, where people look for vacation villas. to rent, instead of booking hotels in the crowded tourist regions.
When you have made the decision to buy abroad, you need to choose the perfect location. Do you want a place inland or on the coast? Rural or built in a privileged tourist location? After all, once you’ve bought your property, you’ll have to love the area you choose, whether it’s for a retirement home, holiday villa or permanent residence, Spain has its advantages with one of the most pleasant climates in Europe. , which combines warm winters with long hot summers.
Researching all of this beforehand is essential. Take Spain again for example; There are the 3 main areas of Spain that come to mind: the Costa Brava, the Costa del Sol and the Costa Blanca. Each region has many pros and cons, let’s focus on the Costa Blanca, which offers wonderful picturesque landscapes, a perfect mix of mountain ranges and quiet coastal retreats. Everyone has heard of Marbella, especially the marina where many celebrities like to moor their yachts or Benidorm, the nightlife capital of Europe, these are the main tourist areas of the Costa Blanca, but most of the regions remain virgin and reserved.
Along the coast are many sleepy fishing villages, still cloaked in Spanish charm. Between these areas is a small place called Jávea, Jávea is one of ten towns that are closely linked to each other, Moraira being perhaps one of the best known. They have a laid back approach to life which generally proceeds at a slower pace and generally appeals to the majority, due to the rural location it is a perfect place for families to enjoy the true Spanish experience and has many amenities in the vicinity. Due to these qualities, Javea is beginning to gain popularity, not only have sales of villas in Javea increased, but it is quickly becoming a prime location for retirement and permanent relocation.
This leads you to choose the type of property that is right for you, you no longer have to choose between the existing properties in Jávea to appear on the real estate market, you can design and customize the house of your dreams, buy off plan or design your own villa. obviously it will take longer as the required property will still be under construction or in the planning stages. However, this, if you have the time, can be very rewarding, especially if you are buying for retirement.
For many of us with young families, one of our main concerns would be whether the property has a pool. Most Javea villas have their own private pool or communal pool, with many services available for pool maintenance from local property maintenance services. Maintaining a property with swimming facilities doesn’t have to be a drama either.
Comparisons in the price of buying a holiday home in Spain with buying a home in the UK differ greatly. Villa prices appear to be lower on the Costa Blanca if you use a Euro to Sterling calculator. If you are not a resident of Spain, you can still approve a Spanish mortgage of up to 70 percent of the total purchase price. You will also need to pay a 10 percent deposit on the selected property. As a rough guide, an additional 10 percent of the purchase price should be set aside to cover legal fees, including transfer tax and VAT, notary and land registry fees, and of course service fees. legal. The purchase process is often faster than provided in the UK, but it is best to seek reputable legal representation to avoid unforeseen issues such as lack of planning consent.
The easiest way to view property in Spain is through a property website, these sites provide an incredible amount of information on property, from choosing a villa to building new build properties, they can guide you through the minefield. shopping and keep you abreast of the sales process, explaining the Spanish process. This is generally provided as free friendly advice.
If you are planning to buy, for example, a holiday property in Jávea, you may find that it pays for itself, renting out your property while you are not residing is a perfect way to make your investment work for you. There are many property maintenance services available throughout Spain, usually from local estate agents. They will charge for services rendered, but it also gives you peace of mind knowing that while you’re away, your property is being taken care of.
So my conclusion is that if you aspire to own property in Europe, especially Spain, pound for pound can make your investment work for you, with the added bonus of living or holidaying in sunnier climes.
