A second home in Spain
With a major portion of the Iberian Peninsula occupied by Spain (80%), it is indeed an inviting a location for investment towards an ideal second home
Hotels, self-catering and youth hostels
Many types of accommodation are available in Spain, catering to all tastes and pockets, from sumptuous, grand luxury ( gran lujo) to humble. If you want to rub shoulders with the real Spanish, start at the bottom rather than the top of the accommodation chain.
Avoiding the pitfalls
You’ll have seen the wonderful images at the Property Show in Manchester, Leeds, Glasgow or Dublin and you’ll have been very drawn to the idea of getting in early on the ground floor of this fabulous new development on the Spanish Costas. And why not – these developments often present really good value for money and, as you are getting involved early, pre-construction, you are potentially making real savings.
How to find affordable accommodation
If you want to find a place with Spanish university students, you should first come to Madrid and stay in a short term place from week to week.
The insider’s guide
Amongst Spain’s most popular student cities, Barcelona, Valencia and Madrid top the list. With its laid-back charm, late mornings, afternoon siestas, cheap tapas, sangria and world-renowned fiestas, Spain epitomises the student’s paradise; with 51,000 students arriving each year, it’s certainly a popular choice.
Advice from TRG
For many it’s an eagerly awaited time when a family’s dreams of owning a place in the sun are finally realised. We have heard many romantic tales of clients; “Just looking” by attending a property show in the UK. Turning a misty afternoon at Aintree Racecourse or a balmy summer’s evening at Sandown Park into the start of a love affair with a beautifully presented property overlooking the crystal Mediterranean.
Answers to some commonly asked questions
This ariticle has been written based on the real life questions asked by customers of the Rights Group have been asked. The names have been changed to protect the innocent!
Which is best?
Buying a property costs twice as much as renting. Madrid is a city that has one of the lowest proportions of homes for rent in Europe. The demand for rent is five times greater than the supply in Madrid.
From the Rights Group
Our colleagues at Overseas Property Professional have reported that Britons have spent £6 billion on second homes in last two years, based on new statistics from the UK Office for National Statistics. Apparently, Britons are spending £6 billion a year on the purchase of second homes – a staggering £4 billion more than two years ago.
Background and latest news on LRAU
Many people contemplating purchasing property in Spain are worried about the implications of the so-called 'Land-Grab' law which has resulted in some people losing their property.
get your figures right
Please note that the information provided in this article is of a general interest nature and intended as a basic outline only. You are well advised to contact a professional for advice specific to your circumstances. Nothing contained in this article should be seen or taken as the writer or publisher providing legal or financial advice.
Time to Complete?
The dismantling of a builder’s crane – which some now say is now the national bird of Spain – is a fairly new sight on Spain’s Costas del Sol or Blanca. For many, it signifies an important step on the road to obtaining the keys to their new property. It implies that the “off plan” property, reserved up to two or more years ago, is approaching “delivery”.
Buying property in Spain
Folk just fall in love with Spanish style houses and buildings and, be it for a holiday home or for permanent living, they decide they must have one of their own ...