Happy Hunting! How to easily buy a home in Spain.
30 August 2016
In 2015, 13% of all residential property sales in Spain were by non- Spanish residents. The British accounted for 21% of all these sales - highlighting our love for holiday homes in Spain; and the importance of Britain to Spain. Unsurprisingly, the vast majority of British home buyers in Spain are drawn to the Mediterranean coast, with regions such as Alicante, Malaga, and the Balearics all being key locations.
Spain experienced a huge boom in development from 1998, with the country building more property than France, Germany, and the United Kingdom combined up to 2007. The property boom was particularly evident along the Mediterranean coast, with demand being driven by an international mix of retirees, investors and those looking for affordable holiday homes. When the global economic crisis hit, property in Spain was badly affected.
As a result the country saw average property prices decline dramatically; and this was particularly marked in the Costas.
The property market in Spain is now recovering steadily and many believe now is the ideal time to purchase. 2015 was the first year since 2008 that the price per sq m increased in the country. Recovery of certain areas, such as that of the Costa del Sol are gaining pace and Spain is definitely on the right track once again. With the recovery steadily underway and at the start of the increasing cycle, now is definitely a great time to take the plunge to buy here – but there are things you can do to ensure you make the right purchase for you – and to get a great deal.
If you’re looking to buy a home in Spain, we believe it should be an exciting and enjoyable experience. No matter what your motivation to purchase is; be it for a new life, a holiday home, or investment - it’s important to ensure you’re equipped with all the relevant information on where and how to buy. If not fully aware of how to purchase a property in Spain, the process can be costly, time-consuming and confusing. With over 82,000 properties currently for sale in Spain, just finding your dream property is the first challenge.
That’s where Select Resorts Properties come in. Based in Poole, Select Resorts Properties are unique in that we have over 34 years’ experience in selling property across Spain, Europe and the rest of the world. We work with a selection of the best developers in Spain and have an enormous knowledge of the best places to buy, as well as which lawyers, mortgage advisors and foreign exchange partners provide the best service to customers.
A family-run business, you’ll deal directly with an English-speaking Property Specialist, who will work to ensure the whole process of buying in Spain is as smooth and enjoyable as you’d hope it would be.
Select Resorts Properties have a range of properties available for you today. Contact a member of our sales team todayon +44 (0)1202 765011 or email [email protected] for more information.