Buying property in Spain - what should you look for when buying?

In order toinvest in real estate effectively you need to define clearly the purpose for which you purchase it. Property price may vary significantly and it depends on the selected region. The infrastructure of the village, area and equipment of the object also influence the choice.

Location

Property for sale in Spain is particularly in demand in the resort areas and major cities. In addition to the beautiful coast, the country is proud of mountain landscapes attracting large numbers of tourists at all ages. Needless to say that the proximity to the scenic location in the settlement significantly increases the price of the object.

If you wish to save some of your money, you can choose a villa or apartment not in the most famous resort areas and major cities but in their surroundings at 30-50 km distance from them. This option allows youto enjoy the sea or mountains taking the car to the rental. Besides, peace and comfort towns free you from observing too large gatherings of people.

Parameters of the object

A plan and a common area of the facility are essential factors in determining the value of the house or apartment. Property in Spain often represents an effective layout allowing the use of all the available space of the construction. The patio belonging to a villa is usually rather small. Paradoxically, the value of land in Spain is often higher than the cost of buildings.

Nevertheless, there is a high percentage of luxury villas and mansions where you can enjoy not only the space available in the building it self but also in the adjacent area. These homes usually have several bedrooms and bathrooms as well as spacious living and dining areas. In addition, they are always equipped with balcony or veranda and utility rooms. Such a large area of the building and adjacent land determinethe high cost of these kind of property. It is going to be a good investment even with the increased cost of purchase since the cost of housing in Spain is constantly getting higher.

Particulars of the transaction

After you have made your choicethe facility reservation and registration begins. It should be remembered thatyou have to add up to 12 - 15% to the cost of the option chosen by you. It includes taxes, notary fees and registration authorities' fees.

To carry out all payments the buyer will need to open an account at a local bank. When signing a contract buyer most often transfers the sum equal to about a third of the project cost. They will pay the remaining amount on delivery of the bill of sale certifying the right to own property.

If the client wishes, the agency assumes all the formal stages of the transaction. After the registration, they transfer the keys to the buyer of the property. You will become a rightful owner of your real estate in about three months, as soon as all changes in the state registerare fulfilled.