BUYING
RESALE SPANISH PROPERTY
For those
buyers that don't want to buy property off-plan and wait
a few years for completion then there is plenty of
choice in the second hand property market. With Spanish
building standards coming under European quality control
in the last 10-years you can be confident that buying
property less than this period will be of a high
standard of construction.
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It takes an
average property in the Alicante region to take
at least 4-months to sell. This reflects the
slowdown in real estate sales, interest rate
rises and the continuing price increases.
If you are looking
for an average Spanish townhouse on a secure
complex with prices between 120,000 - 150,000
Euros then you will find lots available. In this
area it really is a buyers market and you can
negotiate some really good deals.
If you are
looking for savings then it always pays to do
some mileage on foot and in your car in the
areas where you would like to buy. |
It is
always a good idea to speak to the owners of the
property to see how desperate they are to sell and if
their is any room for negotiation.
The more
desirable properties on luxury complexes and ones
situated with sea views and in the top locations will
always hold their price better. They also make for a
more solid investment for the future.
Look for
properties near all amenities such as schools,
supermarkets, bus routes, nightlife, and highway
connections. Any property with sea views will always
command top prices though if you are buying I would do a
little research to see if there is any potential future
building work that may alter this. If this does happen
then the value of the property will decline.
For resale
buyers looking for future investment try and locate the
unique with lots of character and wide appeal. Look at
the rental potential even if you have no desire to rent.
It's nice to know the options is there if you ever need
it. Buying featureless property in poor locations like
thousands of others is never a good idea unless your
budget and circumstances dictate it.
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