Investing in property in Spain has become very popular.There is no shortage of real estate agents in Spain but make sure you deal with a reputable one. There is a very wide selection of standards, from farmhouses (fincas) and plots through to luxury villas, townhouses and flats. Due to low European interest rates, this is a great time to consider Spanish real estate. Tourism is a huge part of the Spanish economy and this is reflected in the investment in this industry. The country has a pleasant, healthy climate and in recent years the local authorities have made great efforts to increase the number foreign tourists and residents. Prior to buying a property you should take a look at the different areas then view your favourites before making a final decision. To play it safe you could also rent a property for a few months in that area first. A checklist to get the most out of foreign property deals:
- Have a builder or architect evaluate the integrity of the property.
- Have your solicitor check outstanding debts on the property before parting with any money
- Talk to your prospective neighbours about the area.
- take photographs and draw sketches to take home with you.
- Explore the property at least twice before you make a decision.
- set your budget limit and stick to your initial financial estimate.
- Check what amenities the property has for instance power, water, gas.
