Buying in Spain
More and more people these days are turning their thoughts to buying a property abroad, with the south of Spain by far the preferred destination.
They may simply be choosing to swap the cold and damp of Britain for a permanent retirement home in the sun. Alternatively they may be looking for the ideal holiday apartment, town house or villa, with the intention of spending time there themselves, and renting out for the remainder of the year. Finally, the more commercially minded may have the intention of making a straightforward property investment which, if sensibly selected, can yield a return on capital many, many times that available in more conventional UK-based investments.
We are constantly being approached for advice on this subject from people who know that we have experience of each of the above buying situations. In each case it is evident that the one thing that is holding them back is a fear of getting it wrong in what is (correctly!) seen as a complex situation involving many unfamiliar technical procedures.
Here are some of the general factors that you need to consider if you are seriously contemplating a purchase abroad.