Real Estate in Spain – Exciting Destinations

We are launching a series of articles in which we will explore some of the most exciting destinations for property buying in Spain. Even if you have visited the country as a tourist, it is always a good idea to read a third-person’s perspective for the different cities and regions that Spain has to offer. We are starting off with two of the most popular cities – Barcelona and Granada – known for their buzz, liveliness and unique atmosphere.

Barcelona

3 bed Villa-House for sale in Olivella Garraf-Barcelona Catalonia Spain

Barcelona will immediately mesmerize you with its fascinating mixture of old and new. Radiating culture, creativity and colour, the city boasts with Gaudi’s architecture, the Ramblas street theater and the atmospheric maze of the medieval BarríGotic.

Barcelona is the country’s second biggest city and another important factor to consider for your real estate purchasing decisions in Spain is that Barcelona is located very close to the French border. It is also the capital of the autonomous region of Catalunya, welcoming a great diversity of people from various nationalities and backgrounds. This gives Barcelona a completely different personality from cities like Madrid and Seville, for example.

Truly, Barcelona has it all – from cheap take-aways to fine dining; from high fashion to street chic; from flamenco to ballet. It’s quite hard to think of even a few other European cities that can entice tourists and citizens with such an exciting blend of beauty, culture, style, excellent climate and arty bohemianism. Not to mention that you don’t even need to make a choice between city living and Mediterranean beaches – Barcelona delivers both, while also being only a few hour away from ski slopes.

If you are already feeling eager to go look for some real estate in Barcelona, Spain – keep in mind that property prices there can range from 250 thousand euro to 1.3 million euro, depending on your tastes, requirements and exact location.

Granada

Granada is another of Spain’s jewels that is likely to cause overwhelming feelings and emotions, but in a whole different way. On top of bringing together Christianity and Islam, Granada presents a nice mix of Jewish and Gypsy traditions, too. The Ahlabmra fortress-palace is one of the city’s most intriguing places of interest, sending a seductive invitation for visitors to dive into a world of passion, love, and tragedy.

4 bed Villa-House for sale in Granada Granada-area Andalucia Spain

Granada is situated at the foot of the Sierra Nevada Mountains, and exactly in-between the Darro and Genil rivers. This is in the Southern region of the Andalusia, and the city is also the capital of a province, carrying the same name.  Granada’s rich history and traditions are still reflected in its people’s daily life and mentality. It is also known to be a city of celebrations – a bouquet of festivities take place throughout the whole year. Therefore, the city is a perfect location for Spain real estate purchases by people, who would love to immerse themselves into local customs and make a serious shift in their lifestyle. Caves are another charm, defining Granada’s personality; they are formed naturally and typically surrounded by ethereal gardens that take you to a whole new world.

Real Estate in Granada, Spain can be found at as low as 28 thousand euro, climbing up to 500 thousand euro.

Real Estate in Spain - Useful Facts and Information

For travelers, for investors, or for individuals thinking  about purchasing a 2nd home, Spain is one of the first destinations that springs up in one's mind. Taking into consideration the country's welcoming climate, it is not surprising that Southern Spain has become an extremely popular spot for Europeans, trying to find a vacation or retirement home in the sun.Other advantages that Spain offers for real estate investors are the minimal living costs, the slower-moving pace of live, as well as the great tourist destinations, such as Granada and Seville. All these facts about the country and its real estate prospects raise expectations for stable rental income flows and a good capital return.

Real Estate in Spain - what and where?

Spain Real Estate for Sale Valencia

Real estate in Spain is made up of the kinds of houses most people envision, when it comes to purchasing property. Mountain view on one side, olive tree garden and the sound of waves on the other is something you can easily come across among the real estate offerings for Spain. The preferred locations amongst property investors are Barcelona, Valencia, Madrid, Granada, Andalucia, Seville, Malaga and a great many others. Still, the most common real estate property ventures are obviously the Coasts.
Golf courses and city apartments are not all that this country has on offer, though. There are areas such as the Andalucian hinterland, the Bay of Biscay, Costa de la Luz, and Costa Azahar that will amaze you with their secludedness and centuries-old lifestyle. Still undiscovered by the foreign tourists, these destinations can open up interesting prospects for discovering unique real estate opportunities in Spain. For those, who cannot part with the luxuries of the day, Costa Blanca and Costa del Sol regions of Spain’s Mediterranean coast represent another interesting option.

Buying Real Estate in Spain

Buying real estate in Spain is a great idea for a variety of good reasons. Spanish constitution assures that your property is your private residence only, regardless of citizenship. Furthermore, purchasing real estate in Spain provides you with the right of residing in the nation for ninety days every six months. Additionally, you can renew your visa yearly for a limitless amount of times. You can find very good financial loan conditions in Spain and you will be able to acquire property right after having settled the initial transaction.

Property in Spain - Villa House in Marbella

What amount would you have to pay for real estate in Spain? Since there are seventeen regions, cost deviations are usual and expected. Prices vary between $120,000 for village houses and small apartments to $431,000 and $645,000 in Costa Blanca, Costa del Sol, Majorca, and Ibiza. Another useful piece of advice would be to take your time once you have decided that real estate in Spain is what you are hunting. Although certain properties sell out in the blink of the eye, others stay on the market for months to come, because the owners are expecting unrealistic chunks of money.

Spain Real Estate Tips or How to Successfully Shop for a House in the Sun

The mere mentioning of the word 'Spain' can turn your imagination wild - sandy beaches, lucrative tourist attractions, and a rich cultural heritage, promising an unforgettable experience to anyone, looking to head towards that direction. However, investing in the Spain real estate market is a serious business that should be thought-out - examined with great care and consideration. Here is some quality advice on how to organize your property shopping in Spain.

Apartment for sale in Palomares

Costa de Almeria Andalucia Spain

Why am I doing this?

First and foremost, be clear as to why you have typed 'Spain real estate' in Google. Are you considering to make a property investment, buy a second home, or purchase a permanent residence? If it is purely for investment purposes, are you planning to rent it out, or are you rather looking for long-term financial gains by re-selling it at a higher price? In case you are exploring the Spain real estate market with the intention of buying a second home, have you considered the additional costs of maintaining the residence, while you are not living there? And if you are thinking about finding tenants during the months that you are not using the property, this factor would probably influence your choices in terms of location. On the other hand, if you are to live there permanently - you would have to check ease of access to local amenities and get very familiar with the neighbourhood and city before you make any final decisions. As you have probably realized, it is of upmost importance to be clear about your goals from the very start - they will determine your further actions and choices.

Spain it is – but where exactly?

Once you have made a decision about your aims and objectives, the second big thing about Spain real estate is location. You have probably heard or read about Spanish coastal areas and golf courses that offer a pool of tourist attractions and an excellent communications network. On the other hand, there is the inland - it can provide opportunities that might suit you better financially. The Spain real estate inland offerings would be the right choice for you if you are drawn into nature, if you appreciate tranquility, and if you would like to get engaged into the cultural habits of the country and its citizens. Still, you should keep in mind that the climate is not as amiable, some services you are used to might not be available, and that the infrastructure is not as good.

Into Action

Once you have established a fairly good vision about the nature of your Spain real estate investment and the area you would be exploring, here are some final tips that would help you out in the process. First and foremost, find a good translator; he or she should be independent and not related in any way to the agency you are working with. Same goes for the lawyer – hire an independent lawyer, who has built a good reputation in dealing with Spanish property laws. Do not proceed with payments until your lawyer has verified your ownership.  And finally, for the purpose of making sure that your ownership rights are protected, you should register your title at the relevant office.

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