Over the last decades, thousands of people have acquired a property in Spain, and consistent and substantial growth in UK property prices has provided the opportunity for many people to achieve their dream of owning a second property. Reasons for considering a purchase of property in Spain can vary greatly. Some people might look for a holiday home for the family or perhaps a retirement home; others might look to invest in a property, maybe to take advantage of market growth.
Many long-standing resort areas of Spain have seen a downturn in the development of property construction, partly due to the availability of new areas of the country. While the Costa Blanca remains popular with property buyers, lesser-known parts of the country, such as Costa Calida, are becoming more established.
Potential property buyers will undoubtedly have different location and property type needs. These needs will depend on the purchasers’ motive for securing a home in Spain. For example, a speculator might seek to buy into the early stage of new property development or a plot of land to build on, while a holiday-home buyer might look for a property close to the beach. For many potential buyers, another consideration might be the proximity of the property development to an airport. This is an essential factor in allowing quick and easy access to their property; The Costa Calida and the Costa Blanca are well served in this regard, with year-round flights from many UK and Ireland airports.
Considering road travel times is less important than in the UK, with a significant road improvement programme. With fewer cars per kilometre on Spanish roads, journeys are relatively straightforward. Furthermore, most property developments are only a short drive away from towns and cities. They can cater to all modern life requirements, while numerous traditional Spanish villages provide a glimpse of life as it once was.
For golfers, the Murcia region of Spain is famous for its many golf courses. In fact, the region is home to La Manga Golf Club – the scene of many international tournaments – and one of the most prestigious golf clubs in the country. For an investor, golf courses are a major draw, and properties situated on or near golf developments greatly enhance the possibility of frequent lets of accommodation to leisure golfers.
Before buying a property in Spain, it is essential to conduct some detailed research. Although much of this research can be done at home through magazines, the internet, or attending an exhibition, take some time to research the desired location in person. This way, you can see exactly what’s on offer, thus ensuring the perfect investment. It is also helpful to consult a knowledgeable and dependable Spanish property agent who can advise on choosing the right area, provide a list of suitable properties, and provide information on schools, leisure facilities, local culture, and communities to match your needs. Furthermore, property agents can also advise on the best way to finance the purchase of property in Spain so that you can set yourself a budget for your purchase.