Property Andalucia Spain
Where to Find Cheap Property in Spain
Meanwhile, there are a number of cheap properties in Spain that will, thanks part to an excess of new properties as a result of oversupply. It's a buyer's market right now, and people are slowly returning to Spain and confidence is gradually restored. Do your research, and property in Spain can still be a good investment – if you're in it for the long haul.
It is relatively easy to find Spanish properties below £ 150,000. But first, that old chestnut – the place. Get this right and you are a good start. Mark Stucklin, head of Spanish Property Insight.com (a website for information from the property), advises: "In this market, the strategy is clear focus on establishing, desirable areas, then look for a good deal in that area. Everyone knows the rule of location, but the first the forgotten thing. "
Go to the popular coastal locations with good rental potential investment or, as the Balearic Islands, Coasts, Marbella and Valencia. There are many inland locations that offer value for money too, although you may have to look harder at some place with good service and ensure that no is too isolated. "Finding quality construction and services, attractive environment that people can identify," added Stucklin. Cities like Barcelona and Madrid will always be popular, but the property tends to be more expensive and attractive only to a niche market.
The type of property offering the best deals is new construction, the key 'ready' accommodation, in part because it is not so much of it waiting to be sold. Paul McMullen, sales manager of Escape For Spain, explains: "There are some really good deals out there right now. The best I've seen are in new homes, key ready. In many cases, builders need to sell to pay the banks, so they are willing to accept up to 40 percent less than the selling price just so they can close the sales office and spend his next project. "
Sagué Victor, director of sales and marketing for Taylor Woodrow in Spain, added: "We have significantly reduced our prices on a selection of property in accordance with the current market, with some houses at a price of just over £ 100,000. This has opened the real estate market to which may have thought they could not afford to buy property in Spain. "
Marriott Julia and her husband, of Coventry, recently bought a house by Taylor Woodrow in the Lagunas del Sol development in Riojales, Costa Blanca. Properties here have a starting price of £ 105,465. Julia says: "We decided to move to Spain permanently to semi-retirement. For us, the proximity to the United Kingdom was very important as we travel back to visit the family. We are looking along the coast until we found the Lagunas del Sol, and only ticked all the right boxes for us. It is close to shops and beach and our property overlooking the pool, which is great. "
When asked if there was any doubt about buying in Spain, Julia says they did, but which they conduct their research with care, choosing a good developer and location. "An essential Spanish lawyer is good!" He adds.
Lagunas del Sol is now sold out, but over the Balearic Islands, Taylor Woodrow is offering two-bedroom apartments in El Puerto II, Cala d'Or, Mallorca. Close to the beach and the city of Palma, the properties are located around a marina and are priced at £ 144,522.
If you prefer to buy land inside, Turnkey Investments is marketing two-bedroom apartments near the historic city of Granada, Andalucia, for £ 83,638. Balconies Iznalloz is a 90-minute drive from Malaga airport and is also near the ski resort of Sierra Nevada. The resort features a large swimming pool, restaurant, gym and spa, and each apartment has a garage and storage.
Thus, unlike the heady days of the boom, off plan is now seen as too risky? McMullen said: "I would not advise anyone to buy anything totally out of plan at the moment – there is simply no point. Prices are not rising, which is not There is no advantage – in addition to always face the possibility that the developer can go bankrupt in the meantime, leaving you with a half-finished property and a sore Legal head to try to recover their money. In the current climate or buy something almost complete turnkey.
An example of a scheme that is nearly complete is being Homes offered by Lorca. Lorca Apartments, located near the new University of Lorca in Murcia should be run in early 2009. The one, two and three bedroom are ideal for students and come with a guaranteed lease for three years. Prices start at £ 65.521 for a one bedroom apartment and from £ 123,483 for three bedrooms.
If new construction is not held, there are some good deals on resale (second hand) properties, too. But be prepared to do some extra preparation. McMullen said: "resale shop can be a bit more difficult as they find huge variations in price since some owners are more desperate to sell than others – so you can find properties are identical in the same area of different asking prices. Best advice is to consult your agent about the same property was sold two years ago, if an agent has established that this information, and then you can evaluate if it is a good price or not. "
DLR has properties on its books a two-bedroom resale Costa White property, south of Alicante. Priced at £ 113,528, the property boasts an annex to the office and solarium. Perfect for golf lovers, is located three golf courses – Villamartin, Campoamor and Las Ramblas – and is within walking distance of restaurants, bars and shops.
For something a bit more romantic Poets Cottage is a restored village house with three bedrooms, on the market with exclusive £ 142,842 Andalusia. Located in the town of Bedding, near Ronda, property retains many original features, including a well and a wood stove. It has mountain views, large terrace and a garden with mature olive trees.
If your budget is very tight, Titan Properties is offering a two bedroom detached villa on the Costa Calida an incredible £ 54,621. Located in the town of Mazarron Camposol, Murcia, the property is within walking distance of a golf course with 18 holes, clubhouse and four-star spa hotel. It has never been occupied, and comes fully furnished with a sunny roof terrace.
Or, if you fancy a restoration project, a large ruin is available in Almería, with the agent of Casas de Lorca. Ruin comes with 30,000 square meters of land, water and electricity, and offers four bedrooms. Located in the quiet countryside of Huercal Overa, near Lorca, and is within walking distance of the cities, towns, beaches and a highway. It costs £ 82,799.
Clearly, there are plenty of deals in the market, which has provided us approach to the care and research, and seek good legal advice, property in Spain can still offer a good investment.
Taylor Sagué Woodrow, agrees: "Unlike most recent emerging markets, Spain has established and the British have been buying property there for years, so do your research gives you have a good idea of what you're getting in terms of product and location. If we look at Spain and long-term investment it will take some beating. "
About the Author
Sarah Speight for Homes Overseas. Search our range of property in Spain and our extensive range of articles offering independent expert advice on buying or investing in Spanish property.
Homes Overseas – International property experts since 1965.
Property for sale in Malaga, Properties for sale in Malaga Andalucia, Spain
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