With more and more people coming to Spain on holiday, the demand for well furnished accommodation is increasing. Buying or building a house in Spain is seen as a good investment which will appreciate in value. But with hotels and villas being overbooked, it’s a good idea to have your own house ready for you when you arrive after a long journey. Some procedures must be followed before buying property in Spain.

Before buying built up or new property in Spain all non residents must obtain a residence permit. To do this you must have either a job or show proof of sufficient funds to support you and your family. Always retain a good lawyer as the legal aspects of your endeavour may be quite trying. The next step is to look around for your ideal location and if you want an already built up house, to find one to your liking. The most popular property is located near the costal areas like the Costa del Sol, Costa Blanca etc. Big cities like Madrid and Barcelona attract a lot of tourists and visitors too, any villa or apartment in these areas will always be in demand on a rental basis. While buying a villa in Spain you may choose from different features of built up villas.. Bedrooms range from two to five, with communal swimming pools. Detached Spanish villas are available with private pools also. Most Villas are within walking distance from the beach, shops, pubs and restaurants. Villas with pools, satellite TV, enclosed garden and air conditioning are just a few examples of the many options available.

Villas may be tailor-made to ones liking, based on villa style, design adaptation (e.g. alterations for wheelchair access), pool position, extra “Naya” (covered outdoor terrace). You can specify what kind of floor, kitchen and bathroom tiles you want and the type of windows, doors etc. The same rules apply for buying an apartment in the country. Financing your new property in Spain is very easy to do and most banks offer mortgages at very reasonable rates, sometimes interest rates are lower than those at home. You need to open an account in the bank and consult the bank authorities. A resident may obtain a mortgage of up to 80% of the total cost while a non-resident may obtain 75% of the same. The bank would send over its assessment representative for a fee which must be paid prior to this. After the loan has been finalised, you need only pay the monthly charges.