Favourable market conditions continue to provide an opportune moment for investors of Spanish property. Interest rates remain low, and the sector is currently seeing a wide selection of properties to suit every budget, including Properties under 250k and New Developments with attractive payment plans.
The Costa del Sol has long been a magnet for seekers of second and holiday homes due to its unique microclimate of over 300 days of sunshine per year and ever-growing infrastructure. Offering a quality of life that is second to none, we at Domus Venari pride ourselves in our ability to guide our clients towards finding the right property. With over 30 years of experience in real estate on the Costa del Sol, our knowledge of the market and the region ensures that we can also advise you on properties in high demand areas with a good potential for return on investment and rental income.
The Southern Spanish region is currently experiencing an influx of new off-plan properties due for completion between 6 months and 2 years. Buying off-plan means you get the best choice of land plots, locations and views and can tailor the property to your specific needs and desires. These properties enter the market at below average prices and offer attractive payments plan for ease of cash flow throughout the building and completion process. Many of these properties are being viewed as good investments to rent out to holiday-makers or sell onwards as values increase.
Investing in a resale property ensures you are buying a completed property at the current price that is also available for move-in right away. Depending on what your needs are in terms of what areas you are most interested in, whether you are walking distance to the beach or local shops and businesses, and what your timeline is, there are a great number of affordable resale properties in high demand areas along the Costal del Sol in good conditions, or that have excellent potential for reform that can lead to highly profitable returns.
New completed contemporary apartments and villas are currently very popular among British, Dutch and Scandinavian buyers. New developments along the Costa del Sol offer contemporary interior and exterior designs and sustainable construction processes that keep maintenance costs low.
Begin your journey towards finding your dream home in Spain well informed and you will be able to plan effectively and do the due diligence at every step to avoid the risks that could lose you time, energy and money. In 3 main steps we suggest you:
1. Determine Your Budget
Your individual budget will determine the following steps you take on your house-hunting journey. It is the single most important factor in any major financial decision such as purchasing a home, and it will determine what you can expect within your budgeted parameter.
2. Select An Agent
A good agent must speak your language and take into account your desires and needs at every stage of the home-buying process. Your agent will be able to advise you on buying costs, associated paperwork and direct you to the best legal advisors to ensure everything is above board and correct.
3. Plan a Viewing Trip
With a realistic budget and a detailed set of criteria in place, a good agent will be able to do all of the legwork for you, including selecting the best available properties currently on offer that fit your budget and requirements and arrange viewings. We recommend that you allow 3-4 days to be able to make the most of your trip to the Costa del Sol and we will make all of the arrangements for you in advanced.