How to purchase real estate in Spain profitably

Des: Investors and end-users planning to buy property in Spain or another up-and-coming
Spanish community should first analyze their needs.

How to purchase real estate in Spain profitably

Buying property always raises many questions. If you choose housing in Spain, one of the most
popular countries among foreigners, you should not start by reading ads and finding out the cost
of apartments in Spain by the sea in the Costa Blanca or Barcelona. Real estate agency experts
recommend a simple but successful checklist scheme.

First steps to finding a property in Spain

The main aspects should be considered the goal and the available budget. If you want to buy an
apartment for moving to permanent residence, it is assumed that the region must have a
sufficiently developed infrastructure to provide a comfortable living.

Should be studied:

• proximity to the coast and the international airport;
• availability of schools, hospitals, and shops;
• employment opportunities if housing is not chosen for pensioners.

For apartments planned to be rented out, proximity to the sea is a decisive selection criterion.

Here you can start with the pricing policy and the coast map. But even in this case, it should be
borne in mind that in the centers of the provinces, the housing stock is usually more expensive
than in the suburbs. And the price difference can be significant. Other points to consider in your
checklist when studying ads are listed below.

Type of housing stock

As in other countries, in Spain, you can buy both housing in new buildings and the secondary
housing stock. New buildings significantly outperform houses built several decades ago
regarding technical characteristics. But even here, it is essential to pay increased attention to
planning. In Spain, residential complexes with small bedrooms, kitchens, and living rooms have
been built for a long time. This format does not provide the desired privacy, which the pandemic
especially confirmed. Now the picture has changed, and local developers are considering foreign
buyers' preferences, making more spacious layouts.

Buying off-plan real estate offers a wide range of opportunities:

• Saving up to 20-30% of the cost.
• Favorable system of installment payments.
• The possibility of coordinating redevelopment or choosing finishing materials at the construction stage.

If the apartment is purchased as an investment, the initial stage of construction is the most
profitable. On the official website Spain-Real.Estate, you can find offers for the sale of off-plan
objects, as well as find ready-made housing in Spain.

What are the buyer's current circumstances?

First, the buyer must not imagine the house of his dreams but understand which object will suit
his current circumstances. How much can he allocate to purchase a Spanish villa or apartment?
How will such an investment affect his current financial situation? The answers to these
questions will help to reduce the list of options under consideration.

What expects the buyer do in the future?

Is the buyer confident that he will earn more money in the future, which will give him the
opportunity for further investment? Or is he likely to incur large expenses soon? In any case, the
buyer must understand how his financial situation may change over the next few years.

In addition to financial considerations, consider how needs will change over time. Whether the
buyer intends to expand his family, find a new job, or make another decision that will drastically
change his lifestyle, you need to ensure that the buying process aligns with his plans.

How long will the buyer be in this house?

If the buyer is looking for a holiday home that they will spend a small amount of time in a year,
they need to look for properties with low maintenance costs. Studios and apartments are great
options. These properties are easy to manage and have excellent rental potential. Buyers looking
to buy a permanent home should look for properties that offer a range of amenities and are close
to important amenities such as:

• bus and tram stops, metro stations;
• kindergartens and educational institutions;
• medical clinics and hospitals;
• shopping centers, supermarkets, pharmacies;
• parks, playgrounds, and sports facilities;
• restaurants, bars, and entertainment venues.

Help with buying a property in Spain

It is possible to start choosing real estate and quickly compare prices for houses, apartments, and
flats in Spain today.

Having compiled a list of the property's criteria, the buyer will only have to find a suitable object
and make a deal. Go to the official aggregator website for a wide range of residential and
commercial units in the best regions of Spain. The search engine of the online platform includes
dozens of filters aimed at simplifying and speeding up the process of selecting real estate.

To Apply simply click the 'Apply Now' button below and complete the online form including attaching an up-to-date CV.