Real Estate in Spain

Spain is a country of corrida and flamenco, a country of luxurious villas and charming beaches. Buying real estate in Spain, be that a house or an apartment, means not only romantic recreation at any season of the year, but also keeping and multiplying one's invested monies.

Spain is open for foreigner purchasers. The amount of real estate in Spain possible to be purchased by non-residents is not limited by the laws. Moreover, the banking system may provide crediting of the purchase at low rates (1,9 to 2,4% annually) for a rather long term (up to 30 years). Thus, taking into account the constant real estate price growth in Spain, the purchased object may be buy out before you pay out the loan amount to the bank.

The overwhelming majority of foreigners prefer to purchase real estate on the primary market. Here you may find a great choice of apartments, usually with two or three rooms. However, such objects are better to be bought out during their construction. After the construction is completed, apartments will be most probably proposed by a mediator. The price in this case will be 2 or 3 times higher than that of the property developer.

You should also pay special attention to the choice of the region, in which the purchased real estate is situated. For example, Costa Blanca, proposed by many real estate resellers in Europe, is not homogeneous in its nature and population, which undoubtedly influences the prices for the housing. This often plays to the advantage of unfair sellers. The Southern Costa Blanka (to the South of Alicante) represents rather dull landscapes and a great number of inhabitants, who came to Spain in search for work and a better life. The housing here is rather cheap, and the crime level is high. The Northern Costa Blanka is a direct opposite to that.

When you purchase real estate in Spain, please, turn to experts for help. For example, to us. We cooperate with many companies on the market of this country, and we also value our reputation high.