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Buying a property in Spain. What are the pitfalls? Where's best?

Buying a property in Spain. What are the pitfalls? Where's best?

Old Jun 18th 2019, 3:29 pm
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Default Re: Buying a property in Spain. What are the pitfalls? Where's best?

Neither was my business in the middle of nowhere,wouldn,t have any clients if that had been so!
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Old Jun 18th 2019, 8:34 pm
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Default Re: Buying a property in Spain. What are the pitfalls? Where's best?

Originally Posted by John Swimm
Hi,

Myself and partner are going to buy a property in Spain to live in. Ideally we want a finca or villa detached as we have several animals and don't want to be overlooked. Want the property to have about 1,000 sq MTRS land, three bed with two bathrooms and a swimming pool. Up to twenty mins inland or less with €150,000 to spend. From everyone's vast experience please could you advice on best areas near descent beaches and a mix of locals and Brit expats. Also what's the best way to come across good property prices? Bank repossessions or estate agents?

All experience advice greatly appreciated

Many thanks

John
Hi John,

It's still possible to get the property you describe for your budget, especially if you're prepared to do some minor renovations and are not too bothered about being near a town or facilities. I would strongly recommend that you first rent in an area of interest. It's a lot easier to find bargains while you're living in the area and easier to move if you later find it's not suitable. It will cost you about 20% of the purchase price to move if you buy in an area you're not happy with. I'm assuming that you're moving to Spain permanently and not just buying a holiday home. We were initially looking for something similar to yourselves but decided that a "lockup and leave" in a Spanish village was more appropriate for our needs as we prefer to remain UK resident. Leaving a country property empty for a few months could be problematic. We have seen many that have been ransacked, some had even had the windows and all fixtures removed. Just like the UK there are good areas in Spain and there are really bad areas, price is sometimes a reflection of area.

A quick tick list....
(1) *****Do employ a good independent solicitor before signing anything (including the agents contract!)***** Most important!
(2) Do check the property is legal and has a habitation certificate. Make sure all this is done before signing any contract (see point 1)
(3) Do make sure that electricity, drinking water and decent sewage solutions are in place, unless you want the "good life". Solar electric isn't free and can have issues, as can well water and septic tanks. Ask & take advice from people on this forum who are "off grid", If you're happy go for it but with your eyes open!
(4) Do visit the area at various times of the year, it can get very hot, very cold, very wet and very snowy as you move further away from the coast. Top tip.... snow sticks at the side of the road are not good, unless you like skiing!
(5) Do check the route and distance to your nearest restaurant/ bar (and supermarket) if you enjoy socialising. We found that many properties we could afford were over 3km from the nearest bar and the narrow unlit tracks meant that one of us would have to drive. Not the end of the world but we're both getting older and this could become a problem in later life.

I'm sure these good people could add many more.......

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Old Jun 20th 2019, 5:29 pm
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Default Re: Buying a property in Spain. What are the pitfalls? Where's best?

blimey, its alot cheaper in valencia.

alcaucin, near lake vinuela - beautiful area. about 40 minutes to the beach? 4 bed 1 bath pool and 590m2 .. under 100k - https://www.alisedainmobiliaria.com/...h-ref_52856261



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Old Jun 20th 2019, 6:51 pm
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Default Re: Buying a property in Spain. What are the pitfalls? Where's best?

Originally Posted by bfg69bug
blimey, its alot cheaper in valencia.
Shhh, don't tell everyone!!

Last edited by Rosemary; Jun 20th 2019 at 9:44 pm. Reason: corrected quote
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Old Jun 20th 2019, 8:11 pm
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Default Re: Buying a property in Spain. What are the pitfalls? Where's best?

Originally Posted by bfg69bug
blimey, its alot cheaper in valencia.

alcaucin, near lake vinuela - beautiful area. about 40 minutes to the beach? 4 bed 1 bath pool and 590m2 .. under 100k - https://www.alisedainmobiliaria.com/...h-ref_52856261
in that area, at that price, there is a very high chance that it is illegal, like 10’s of thousands of similar properties.
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Old Jun 21st 2019, 7:08 am
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Default Re: Buying a property in Spain. What are the pitfalls? Where's best?

Originally Posted by Fred James


in that area, at that price, there is a very high chance that it is illegal, like 10’s of thousands of similar properties.
Yes Fred in that area there are many illegal properties so emphasis again is check in detail through a reliable independent solicitor. As always if something looks to be too good to be true it usually is!
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Old Jun 21st 2019, 7:42 am
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Default Re: Buying a property in Spain. What are the pitfalls? Where's best?

Originally Posted by Fred James


in that area, at that price, there is a very high chance that it is illegal, like 10’s of thousands of similar properties.
I agree. Anyone interested should remember that the former Mayor of Alcaucín was jailed for corruption offences, which included the issuing of building licenses which were invalid because they did not comply with the planning rules laid down by the Junta de Andalucia.
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Old Jun 21st 2019, 9:09 am
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Default Re: Buying a property in Spain. What are the pitfalls? Where's best?

He was a very naughty boy and got a 17 month prison sentence and a 600 euro fine if I recall.
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Old Jun 21st 2019, 3:11 pm
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Default Re: Buying a property in Spain. What are the pitfalls? Where's best?

Is that all?
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