Spain has plenty to attract buyers; Janet Tansley finds out how to protect your investment.
WITH history, culture, sand, sea and plenty of sunshine, it's little wonder Spain is so popular with Brits looking for their warm-weather escape from the damp UK summer.
But how do you make sure your investment is safe?
Taylor Woodrow de Espana has been building in Spain for 50 years and with a reputation for trust, its dedicated team of agents within the UK and Spain are experts in the market. Here Ken Walker at First Class Mallorca in Allerton Road, Liverpool answers some frequently asked questions when it comes to buying in Spain.
Why buy in Spain?
Spain's credibility has taken a bit of a knock this year, but no other country can quite compete with what it has to offer. While there are lots of new 'emerging markets', such as the Far East, purchasers looking for their dream home in the sun should not forget Spain as a tried and tested location which has gained a when it comes to savvy property investment. A good year-round climate, quick and low cost flights from the UK, stunning beaches and scenery ensure that Spain remains top of the charts for British buyers. Whether you're looking to live near the beach, on a golf course or be immersed in the 'real' Spain, there's bound to be a home for you.
What are the current hot spots in Spain?
With the island being a firm favourite among the rich and famous, Mallorca's popularity is still going strong. With a significant increase in house prices taking place over the last 12 months and a shortage of land, its appeal has never been greater. Those who enjoy strolling around glamorous ports and popping into designer boutiques will be very much at home, but the island is also the perfect place for those who wish to escape the crowds and enjoy long walks in its rugged landscape.
The property market on the Costa Blanca is quieter than Mallorca but it is definitely worth a look for its beautiful beaches and striking mountainous landscapes.
For house hunters wishing to enjoy stunning scenery, Calpe is the place to head.
Situated on the northern coast of the region, between Denia to the north and Altea to the south, the resort can be easily reached via either Alicante or Valencia airports rental potential?
This really depends on your target rental market.
Spain has a wealth of beautiful parks and protected countryside that attracts many people inland from hikers to horse riders.
Properties close to the beach tend to attract families because of the wealth of amenities on offer. Both locations have benefits so anyone looking to rent out a property needs to think carefully about who they're targeting and what their needs will be.
From what price is it possible to buy something abroad?
Lagunas del Sol in Rojales on the Costa Blanca offers buyers stylish two and three bedroom town houses with a communal swimming pool and gardens from as little as pounds 108,000. The development is only 10 minutes from the beach and within easy reach of the Alicante Airport and the capital. Rojales is also only 8km from the golden dunes and wild beaches of Guardamar del Segura.
Why buy a new home over a second hand property in Spain?
There are many advantages of buying a new home over an older property.
All Taylor Woodrow de Espana homes come with a 10 year structural guarantee and two-year warranty. The house builder is also a partner of the Safe Buying Experience (SBE) which provides a safe and secure process for buying property in Spain and a one-stop shop offering a range of independent professional services.
Do you encourage purchasers to buy off plan and what are the added benefits of doing this?Buying off plan isn't for everyone: those who want the top plot with stunning views may find buying off plan is the best way to secure this.
They will also have the maximum choice for their property in terms of style, design and location.
However, for purchasers who want to be able to move in and start enjoying their home straight away, properties already complete would be a better choice.
For more information call 0151 724 6469 or email ken@firstclass mallorca.com.
SUNSHINE PARADISE: With year-round sun and plenty of opportunities for investment, Spain is an attractive option for home buyers; Is it better to buy inland or on the coast and which have the best; EXPERT ADVICE: Ken Walker