I just thought you might like to know who is buying property in Spain at the moment. The reason I wanted to do this is that I placed a comment in an article on the Daily Telegraph about Ireland. Everyone started having a downer on Spain and the other, so called PIIGS, so I thought I would defend the country a little by stating facts rather than opinions from internet warriors probably still living in their mum’s houses.
There are a lot of unsold houses for sale in Spain. You would think that the government would be trying to encourage sales to foreigners in every way they can in order to buy this surplus and maintain investment in Spain at higher levels than would otherwise be the case.
You would be wrong.
Spain has just introduced a change to the way that people apply for and get the NIE tax numbers which directly affects all foreigners coming into the country, wanting to invest here in the majority of cases.
I have just been reading an extraordinary story. The only strange thing for me though is it puts figures to something that I already knew, ie in the vast majority of cases you should not buy property from banks.
Here is the question.
Two similar flats in the same block, same size and everything. One is available for sale for 110k and the other for 160k. One has just sold. Which one and why?
When you are thinking of buying Spanish property there are lots of considerations. The main ones should be location, price and quality of course but even after considering these top three considerations you still need to avoid making the basic mistakes that anyone can make if they are not advised correctly.
I was asked the question which of the properties on the site would you buy if you were moving at the moment? For me there is no competition and I will tell you where and why in a moment but first let’s look at why people buy property.
Everyone has a different motivation for buying a property in Spain or anywhere else for that matter. Mine are as follows. I have three kids one of whom is away at University but the other two are small and want outside space if at all possible. I need 4 bedrooms therefore but also I need an office space, living room and decent sized kitchen because I spend a lot of time there. I am not too bothered about off road parking and I would prefer to have outside space and a pool but without the hassles of looking after it.
Can you get your home comforts in Spain when you come here? Of course you can. However the further you get away from the coastal strip the more difficult it would be. There are a plethora of English produce shops along the coast in Spain supplying everything from PG Tips to Horlicks to the absolute anti Christ of foods, Marmite.
A Third of the way Through Our 100 Tips for Moving To Spain.
We have now uploaded 33 of our 100 tips for moving to Spain and today we get to number 34. The Notary is the essential part of any Spanish property transaction. Essentially they do the following:
The latest of our 100 tips for moving to and living in Spain is now up on our Facebook page. Go to Valencia Property on Facebook to see it here.
This one talks about swimming pools in Spain and what you should be thinking about when you are buying a place with a swimming pool. Do you know how to look after it?