Spanish real estate has been attracting the attention of many investors from around the world for a long time. And the Spaniards themselves are willing to purchase residential and commercial properties, as evidenced by the ever-increasing demand for all types of real estate without exception, including homes for sale in Spain.
A large selection, good quality and relatively affordable prices compared to other European countries provide an excellent opportunity to purchase exactly the home you dream of. In any Spanish province, you can purchase a house with suitable characteristics on the local real estate market.
If you prefer a large metropolis, then you need to be prepared for the fact that houses in the city center are quite expensive. But you will have the opportunity to live in your own home near world-famous architectural monuments, world trade centers, theaters and museums. By choosing a house in a rural province, you are guaranteed peace and a leisurely pace of life. And in small towns near the sea coasts you can constantly enjoy the sea and the sun, practice your favorite water sports, golf, as well as hiking and cycling along the seashore.
Houses in Spain located in coastal areas are popular with foreigners and Spanish citizens living away from the sea. Many people purchase such houses for subsequent rental to tourists for the summer season, which gives them the opportunity to provide themselves with a stable income in the form of rent.
Choosing a home involves solving a number of issues:
Where should the house be located?
What number of floors do you prefer?
What area of plot of land is right for you?
How many bedrooms and bathrooms should there be in a home?
Do you need furniture?
What utility rooms are you interested in?
Should there be a swimming pool near the house?
Perhaps, you are interested in an indoor pool inside your home?
What do you want to see from the windows of your house?
When choosing a house, it is important to decide on the time of its construction. Most resale homes will cost you less than new homes. The new buildings offer a wide range of modern amenities and trendy designs and finishes. You can purchase a house at a certain stage of construction, while getting the opportunity to participate in the creation of your dream home.
If you do not have enough funds to purchase the house you like, then you can take out a mortgage loan, with which you can pay off 50-80% of the cost of the house. Homes for sale in Spain, purchased at a price equal to or exceeding €500,000, guarantee that the buyer will receive a Golden Visa, which entitles citizens of countries that are not members of the European Union to a number of benefits.
How to buy a house in Spain?
The process of buying a house in Spain is not particularly difficult. Here you need to follow a certain algorithm of actions, and the result will be successful. Information about homes for sale in Spain is available on numerous Internet resources, and many real estate agencies operating in all cities of the country can help you. Therefore, coping with the main problem – choosing a good home – is not difficult.
The next step is to obtain a foreigner identification number (Número de Identificación de Extranjero, NIE) and open an account in a Spanish bank to carry out all necessary financial transactions. If necessary, you can get a mortgage.
Next, you need to discuss with the seller all the terms of the future transaction, and, if agreed, pay a deposit, book the property and check it for due diligence. To reserve a property, you will sign a preliminary agreement with the seller, which will indicate the condition of the house, its price, the amount of the deposit, the procedure for full payment, and the conditions for terminating the transaction. If the transaction does not take place due to the fault of the buyer, the deposit is not returned.
The main contract for the purchase and sale of a house is signed by the parties in the presence of a notary, who guarantees the legality of the transaction. Next, you need to formalize the transfer of ownership of the house and then you can consider that the purchase has taken place. It is necessary to understand that from this moment the responsibility for the maintenance of the house is accepted by the buyer.
Houses for sale in Spain today mean comfort, coziness and beauty, and often luxury. Therefore, it is worth radically changing your life and deciding to buy a Spanish house.