Advantages of purchasing property in Spain Automatic translate
Many creative people go to Spain for inspiration. This is a country of azure sea, beautiful beaches and gentle sun.
No less striking is the magnificence of the unique architecture and other attractions that have a rich thousand-year history.
A huge number of people dream of owning their own real estate in this country.
Why is it worth buying property in Spain?
Such a purchase has a number of advantages:
- reasonable cost - the recent crisis has greatly influenced a significant reduction in prices for various types of housing, they are much lower than in other European countries;
- increased liquidity – every year there is a steady increase in the value of real estate, so the purchase will be an excellent investment;
- a simple procedure for completing a transaction - providing accessible preferential conditions for foreign buyers;
- wide choice - it is possible to purchase various types of real estate, from small apartments to luxury mansions;
- providing mortgages to foreigners - it is possible to obtain a long-term loan at low interest rates;
- low cost of living – the lowest prices in Europe for food products and utilities;
- right to citizenship - when purchasing real estate in Spain, the buyer automatically receives a residence permit in the country;
- the possibility of renting out housing - by placing tenants in the house, you can return the money spent on the purchase in a few years.
What does the price depend on?
In Spain, you can purchase housing of various categories, the cost of which is influenced by the following factors: location, area infrastructure, proximity to the sea, type and condition of the property.
Object location
The most expensive real estate is located in the central areas of Madrid, Barcelona, and on the prestigious Costa del Sol.
The main requirement of most clients is a beautiful view of the sea or mountains; for such pleasure they will have to pay an additional 30%.
Transport accessibility
For many buyers, the presence of a nearby airport and convenient transport routes is very important.
Main types of Spanish real estate
Budget housing consists of small townhouses and apartments; they are very profitable to purchase for further rental.
More expensive options already require a certain package of services for residents: security, the ability to use parking, a gym or a swimming pool.
Luxury real estate is intended for representatives of the upper classes of society; luxury apartments can satisfy the most demanding clients.