McLaren International Properties - Spanish Property Abroad

Spanish Property Abroad

Selecting your property requires careful thought as the investment you choose today will have a direct effect on your future assets. Taking into account the right factors, such as location, quality and market trends, is of utmost importance. Do keep an open mind when it comes to choosing the best property to suit your needs. Often what you think exists is not as readily available as you think and after much research and planning you may even end up deciding upon something completely different than you originally planned.

A Few Words of Advice

If you decide to buy in an up-and-coming area which is not yet built up, bear in mind that empty plots will be built on one day, so your property will sit amongst ongoing construction for many years to come and it may even lose its lovely view. Make sure also, that there is some “breathing space” on your land to avoid being overlooked from every angle.

Look at local amenities, accessibility and security as they will all affect your future sale price or rental income. Is the area high in demand now or expected to be so in the future? If not then you may struggle to sell your property.
Remember that a cheaper property inland will need to tick all the right boxes regarding easy access and local amenities if it is to prove a sound investment. Also, if you will need to make frequent flights, you will want to be near an airport.
If you have health issues, you will need to consider buying in an area with a large municipal hospital and good doctors in the area.
If you have are relocating with children, you may need to be near International Schools.
Find a qualified estate agent who is a member of the API (Agentes de la Propiedad Inmobiliaria) or GIPES (Gestores Inmobiliarios). Not all agents are qualified and recent legislation allows just anyone to open up a real estate agency. Good agents listen to you, are not pushy, share their market knowledge with you and if you stick with them, they will pull out all the stops to find you the right property for your needs.
Find a reputable, English speaking lawyer to oversee your purchase and ensure you avoid any potential pitfalls. We will gladly assist you in finding a good lawyer.
Purchase only for your own requirements, not the rest of the family, who are often unlikely to visit as often as you expect.
Remember that reforms and modernizations take time, hassle and often more money than you envisage. If you decide to go down this route, be sure to obtain professional quotations prior to purchase and budget for unexpected surprises.
Visit enough properties to enable you to make a correct market evaluation. Compare the actual sale price of properties for sale in the same area, not the asking prices.
Be aware of orientation. No one wants to wake up on holiday to find the terrace and garden already in the shade, so almost never buy an east or north-facing apartment as the demand is very small!

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Property Abroad

Overseas Homes for Sale
Beauty Spring 2007

McLaren International Properties, for the past eight years have specialised in assisting and finding the perfect holiday home abroad.

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Investment Property
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