Why Is Spain the Perfect Choice for a Home Abroad?
Undoubtedly, there are a myriad of options available for people who are interested in investing in residential properties on foreign shores. From Portugal to Dubai and even Greece are all popular among people who are keen on buying a property aboard. Yet, none of these countries can come close to Spain in terms of what they offer.
Not only do you get the best of year around sunny weather, the sparkling blue Mediterranean waters and sand in all colours imaginable, but also you get the Spanish lifestyle served on a silver platter. The laid back and relaxed culture of siestas and “hasta mañana” is almost irresistible, as is the cuisine of tapas, pescado y mojo served with the crisp, Spanish vino.
Then, there is the exciting choice of locales that would abogado spagna suit the requirements of even the most discerning buyers. You could choose between a cosy house in the tranquillity of the white villages, locally known as the pueblo blancos or you could go for the urban decadence of Spain’s many towns and cities. Just as accessible are countryside homes, which are ideal for hikers, hunters and nature lovers or you could opt for an elegant and inviting villa nestled in a gated estate.
But, is this the right time to invest in Spain?
Actually, there could not be a better time to buy a house in Spain than this! The property markets have rebounded significantly in response to the economic recovery. In turn, this has led to renewed interest in homes all across the country. Add to this the fact that Spain remains the most popular and pocket friendly destination for people who want to relocate and work there, for those who want to spend the golden years of their retirement along its sunny shores as well as for buyers who are looking for an affordable holiday home that offers value for investment.
It is also imperative to understand that the resurgence in the popularity of Spain as a sunny, vacation hotspot means that there is a lot of scope for holiday lettings. In fact, so significant has been the growth in demand for homes in the popular areas of the nation that several construction projects are due to start in 2015 to meet this requirement. As always, Costa del Sol is still the favourite area for people who want to own a home along the country’s famed and forever sunny coastline and among second home owners who are once again making a beeline to buy houses in the Andalusian region.
So, how do you start the home buying process?
Finding the right property in Spain can undoubtedly be a harrowing task, with the plethora of options available across various price ranges. This makes expert assistance and advice an invaluable asset that can tip the scales in your favour. Although there are innumerable factors to consider as you go about completing the formalities linked to purchasing a property in Spain, the very first thing that you will need to do is enlist the help of a reliable lawyer.
In Spain, all practicing attorneys are required to be registered with the local bar council or Colegio de Abogados. So, all legal professionals will have a registration number that can be cross checked with the bar association.
However, just because they are registered with the bar council does not mean that they are practicing their trade honestly and with fairness. In fact, you will come to learn that finding a reliable and trustworthy lawyer or legal firm can be just as daunting as finding the right home in the country. This is where Winkworth can come to your rescue!
What goes into buying a home in Spain?
Once you have zeroed in on a property and have an able and reputable lawyer working with you, the stage is set to take the first step towards owning your dream home in Spain
Step 1: The Offer and Preliminary Contract
Typically, the ball is set rolling when the buyer makes an offer. This is conveyed to the estate agent working on behalf of the seller. If the price is acceptable to the seller, both parties will sign a preliminary contract, which is locally called contrato privado de compravento. At this point, the buyer will be expected to put down a deposit, typically 10% of the agreed upon price. This money will be forfeited if the contract cannot be honoured for any odd reason. So, if a mortgage is needed to fund the purchase, it is crucial to arrange for it before you sign the contract.