If you plan on living in Spain
and decide to purchase Spanish property then you
need to have a residence permit. For obtaining
a residence permit in Spain, you must either have
a job, or have proof of sufficient funds to support
yourselves and your family. Non-EU citizens, planning
to live in Spain, need to apply for a work and
residence permit (the worker), or a residence
permit only (non-workers or dependants). But property
in Spain is a very lucrative investment which
will keep appreciating in value. Many non-residents
invest in real estate, apartments or motels in
Spain and rent out their houses since they do
not live there all year round. With the increase
in the number of tourists entering Spain every
year, they always find residents for their villas
and apartments.
Buying a house in Spain is a relatively easy task.
If you finance the sale using your own assets
you wont have to wait very long to take possession
of your new house. But bank mortgages are readily
available in the country and at reasonable interest
rates. One of the essential requirements is the
retention of a good lawyer to assist you with
the legal aspect of buying and registering property
in Spain. You may also decide to build your own
house. Having your new house designed and built
on land purchased provides several advantages,
for one, the final price works out to be much
cheaper than buying an already built up villa.
Another advantage is that you may design your
villa exactly to your liking. But the process
is long with a lot of legal formalities. Taxes,
notary and registration fees are not normally
included in the fee charged by the developer.
This kind of package deal with a developer is
fairly headache-free as you don’t have to
employ an architect or construction firm.
Other Useful Information
Airports
Spain has 47 airports of which 20 are international. One can travel all over Europe as well as to Canada, America and South America. The major airports in the country are Barcelona, Madrid, Malaga and Alicante.
Apartments
Holiday apartments can be rented or purchased along the coastal line as well as next to many of the beaches. Large group of friends or families taking a vacation together do find apartments an ideal place to rent instead of hotels. They fall cheaper than hiring more rooms at hotels or a big villa.
Hotels
The grading system of all the hotels in Spain makes it easier to find a hotel to suit an individual's taste and budget. Facilities like restaurant and bar, 24 hr room service and other recreational facilities like tennis, swimming pool are offered by almost all the hotels. Lodging facilities like Government owned hotels "Paradores", local "Hostels" and down scale hotels "Pensions" are gaining popularity with all kinds of travellers who are looking for an ethnic holiday. They have ratings from two - three star and offer superior quality and services than low rated hotels.
Mortgages
Mortgages are a great way to finance any kind of property purchase. They are available for any kind of apartment or villa, right from the modest to the most luxurious. Spanish lenders consider loan application if you're in full time employment or self employed. If you have any potential income arising from renting out your Spanish property, it will not be taken into consideration.
Travel
Spain is much more than sun, sea, sand and great cuisine. Explore beaches of Balearics, museum hopping, shopping, art nouveau architecture, exceptional monumental heritage, local customs, traditions, holiday celebrations, Moorish fort, and tapas bars and much more to discover Spain's diversity and get a glimpse of Spanish lifestyle.
Villas
Villas in Spain can be rented all through the year at reasonable rates. All the regions in Spain offer variety of villas to suit every taste and budget. One can rent or buy villas that are close to the beaches, coastal line as well as those in the interiors. One can choose from range of locations to build a new villa as purchasing real estate is a good investment. The rent of the villas varies with villa size, style, length of stay, number of people, utilities, and any additional features such lawn, terrace, etc.
