Have you ever dreamed of your own house near the beach on the Costa Blanca Sur? In this article we give you some tips for buying your home, from the legal aspects that should be taken into account to the bad practices that should be avoided. What kind of practices are we talking about? For example, property scams, a high capital gains tax and the usual fluctuations in the Spanish real estate market.
Is it time to rent or buy?
Rental opportunities may be limited in some regions of the country; for this reason, in the most desired cities (mainly, Mediterranean Coast) there has been an increase in prices in recent years. Spain is a country characterized by a high level of ownership, which means that the majority of residents are living in a property they have acquired. Buying is the best option if you plan to move for a period equal or greater than one year.
I don't have Spanish residence. Is this a problem?
In the case that you still do not have the Spanish residence, you will find that there are many facilities to carry out the process. In the first place, there is no impediment for you to acquire a property, whether it is a home or a business or land. To do this, you will need a financial number that you can obtain from a police administration with your passport. In addition, currently in Spain the "golden visa" program for owners allows you to acquire a residence visa that, although it is not a work permit, is the perfect option for retirees and people looking for a holiday home.
First of all, legality
Spain is in the top 10 of the best countries in terms of quality of life. For this reason, it is a highly desired vacation destination. In the past, some sellers have taken advantage of these circumstances to offer illegitimate properties to foreign buyers. The Foreign Affairs Ministry has strongly recommended those interested in buying a home to review the essential documentation for their security: property registration, proof that there are no outstanding debts attached to the property such as a mortgage, as well as the correct location and condition of building construction. The registration of the property is easy to obtain by means of an application by email from www.registradores.org. In these cases, having a trusted real estate agent will save you headaches. All properties for sale in the Comarca de la Vega Baja del Segura and Costa Blanca Sur that appear on this website meet the necessary requirements. In addition, at Habitat Real Estate we make sure that you understand every document you sign and agree with all the steps we take with you.
I found the house of my dreams, but I still can't travel
No problem! If you are thinking of buying a house in Spain but cannot move to visit it at this time, we recommend that you contact us through our email email@example.com so you can get all the information before your trip. We will be happy to help you reach your goal.