Investing in property in Spain has never been more popular and it's estimated that as many as 1.7 million foreigners will buy Spanish real estate over the next five years. Despite a seemingly insatiable demand there's still a huge range of property for sale in Spain and constructors are falling over each other in a bid to fill the last gaps along the Costas. New developments are springing up at an extraordinary rate both along the coastline and further inland as foreign buyers forego that much-coveted sea view in favour of the "real Spain" unscathed by the ravages of mass tourism. Cheap flights, the poor performance of the Stock Market and increasing disenchantment with the cold weather and stressful lifestyle of northern Europe are combining to ensure that buying property in Spain remains one of the world's favourite and most lucrative investments.
There are three main reasons why foreigners are so keen to plough their money into a Spanish home: they want to make a permanent move and fancy the idea of a new life in the sun, they want a villa or apartment as a holiday home that's also a good long-term investment or they're buying solely for investment purposes.
Whatever your motivation for venturing into the Spanish property market, be aware that it can be fraught with pitfalls for those who fail to take sensible precautions. Foreign buyers continue to come a cropper in Spain, mainly through a failure to do sufficient research and take professional advice. There have been countless horror stories of unwary ex-pats losing their life's savings after buying a property from someone who wasn't the legal owner or inheriting a mountain of debts with their new home. When you're dealing with a foreign language, an alien culture and bureaucratic systems that are quite different from those in your own country it's vital to tread carefully. In other words don't book yourself on an all-expenses paid inspection visit and sign on the dotted line after an overdose of sun and sangria!
Take the time to browse through the pages of this web site which is packed with useful information about buying a property in Spain. This information is brought to you by people who have lived and worked in the country for many years and who know the pleasures and pitfalls of investing in a Spanish home.
We're not estate agents or developers - simply people who know the ropes and can pass on the benefit of our experience so you don't fall into the common traps that snare so many foreign purchasers. Follow the advice contained in these pages to minimise the risk of your dreams of owning a home in the sun turning into a nightmare.