Buying Property in Spain
Are you dreaming of buying a property in Spain? Let your dreams become reality and work with us. At Best of Spain, we are real estate agents with extensive knowledge of the Spanish coasts, the culture, and the property market. We offer you security and expertise throughout your property search, and as real estate agents we have excellent knowledge of Costa Blanca and Costa Cálida. This allows us to offer you the very best properties available on the market.
More and more people are considering buying a home abroad. Some want a place to visit during holidays, while others are looking for a permanent residence. Whether you are planning for a holiday home or a year-round residence, it is important to consider certain things before you start your property search.
Financing
When buying a property in Spain, there are two main ways to finance your purchase. One is to use the equity in your existing home, and the other is to borrow money from a Spanish bank.
Equity from Your Existing Home
If you choose to finance your property purchase this way, we recommend that you carry out a new valuation of your current home. After that, you can renegotiate your mortgage with your current bank.
Do you want to know which area suits you best to live in?
Get in touch with us and we will guide you to the right area based on your preferences.
Mortgage from a Spanish Bank
The second way to finance your property purchase is to borrow money from a Spanish bank. You can expect to borrow approximately 50–70% of the property’s market value in Spain, in euros. If you would like a more detailed explanation about financing and additional costs when buying property in Spain, you are welcome to contact us.
To read more about bank loans in Spain, click here.
Requirements & Preferences
Based on your requirements and preferences, we help you find your dream home. Buying a property in Spain should be fun and exciting. That is why we help you look at several different options until you feel that you have found the right one.
Do you want to buy property in Spain? Contact us and we will help you find something that suits you.
Owning Property in Spain
How much does it cost to own a property in Spain? Owning a property in Spain has proven to be quite cost-effective compared to many other countries. Below is a brief overview of Spanish property tax. In addition to fixed operating and maintenance costs, annual property fees and taxes are added, which are calculated based on the size and type of the property…
Read more about owning property in Spain.