So with sales on the dramatic increase with more and more of the best deals being taken from the market is it time to buy that investment property in Spain and if so what type of property investment should one make and where?
If you are really looking for a top quality investment then the real value can be found in discounted luxury Villas in fantastic locations like this beachside villa in El Rosario which offers fantastic holiday rental income. The secret is obviously not to fall in love with it yourself or at the very least not to want to keep July and August for yourself where you could be looking in excess of 24,000€ gross just for those two months.
Holiday Villas in Spain offer the opportunity of very good rental income and if you buy at the right price a great opportunity for capital growth. There is actually a shortage of Villas for rent in the summer months in the key locations of Costa del Sol. You can check this out for yourself by visiting all the relevant holiday rental websites.
So where to start looking for those amazing villa deals and how to prepare for them. The first and obvious starting point is are you a cash buyer or do you need finance? If you need finance then it’s best to get a pre-approval before you start to shop. This way when you see the villa you want you are in a position to act. Right now you will be lucky to get a maximum of 70% of the purchase price so with buying costs you will need at least 40% cash.
Once you have your funding in place then it’s a question of targeting where you want to buy and how much you want to spend. I would strongly suggest you pick location over property. Remember this is an investment and your primary reason for buying is rental income and capital growth. Then obviously start to source the best deals come and view and buy.
Most importantly if you’re going to act in 2012 you need to complete your purchase by April so you have time to market the property for rent in July and August.
So if you’re seriously looking at Spanish property investment and buying a luxury holiday villa please feel free to contact me for any advice.
HI I AM LOOKING FOR A MIN 3 BED VILLA / FINCA THAT HAS MODERN ASPECTS BUT WITH SOME CHARACTER FEATURES I HAVE PREVIOUSLY BEEN LOOKING AROUND MORAIRA/JAVEA IN NORTH COSTA BLANCA BUT HAVE STARTED TO LOOK AROUND ALHAURIN EL GRANDE, MALAGA AREA COASTAL OR SLIGHTLY INLAND. I HAVE A YOUNG FAMILY SO WOULD NEED TO BE WITH IN SHORT DRIVE TO ALL AMENITES, SCHOOLS,DOCTORS,SHOPS ETC. THE PROPERTY WOULD NEED TO LIGHT/AIRY WITH SPACE. MODERN HEATING, INTERNET, SAT TV, LOG FIRE, TOSCA STONE(IF POSSIBLE),POOL, AL FRESCO DINNING AREA,OUTSIDE KITCHEN, MIN 800sqm GARDEN THE MORE LAND THE BETTER AS I WOULD LIKE TO HAVE FRUIT TREES AND LARGE VEG GARDEN, MODERN FINCA WITH LAND WOULD BE AN OPTION, BONUS WOULD BE UNDER FLOOR HEATING/SOLAR POWER FOR HEATING & ELECTRIC. PROPERTY NEEDS TO HAVE PRIVACY BUT NOT TOTALLY ISOLATED.
REGARDS
DAVID tele 0031613612921 works(Holland) number call anytime.