Real estate in Spain: pros and cons

Every potential buyer of real estate in Spain needs to know what advantages and disadvantages such a purchase can have. In this article, we invite you to consider the main advantages of real estate in Spain, the cons and advantages of living in this sunny country and the pitfalls that can be encountered in the process of choosing and purchasing a home.

Buying property in Spain: pros and cons

First, let's look at the reasons why you should buy an apartment in Spain. The pros and cons for each buyer may be different, but several facts undeniably support the purchase of Spanish property:

First, it is, of course, the opportunity to live in your own home on one of the most attractive coasts in the world;
Secondly, buying a home allows you to simplify the procedure for obtaining a residence permit;
Thirdly, Spanish real estate is an excellent investment. By investing in it, you will not only save, but also increase them;
Fourthly, housing by the sea can be rented out to numerous tourists with great success and receive a stable high income from this.
Fifth, in Spain it is quite easy to buy a home. There are many more advantages for foreigners in this procedure than disadvantages.
These are not all the advantages that buying an apartment on the Spanish coast offers you. The pros and cons of such a purchase are, of course, determined individually.

For example, someone might think about the costs that a new home will require. Annual maintenance costs can be attributed to the disadvantages of buying property in Spain. These are payments for utilities, condominium services, tax on non-resident income and annual property tax, maintenance costs, home insurance, etc.

Having your own home at a certain resort for someone can become a limitation in mobility, as travel to other countries will seem impractical.

If you are planning to rent out an apartment, you may face such difficulties as obtaining a tourist license, paying taxes, insurance against unscrupulous tenants, and expenses for apartment renovation.

All these disadvantages of real estate in Spain can be considered as related tasks that can be easily and successfully solved with the help of specialists from Rusol Prime agency. But for some, these factors can really become decisive.

Buying property in Spain: what to look for

Before deciding to buy a house or apartment, carefully consider all the advantages and disadvantages of such an acquisition for you personally. It is also worth considering a number of important factors:

Regional differences. Spain consists of 50 provinces and 17 autonomous communities. Climate, infrastructure, traditions and even local cuisine can vary significantly from region to region. Therefore, in order for your purchase to be successful, you need to accurately determine the region that suits you. The specialists of our agency Rusol Prime are always ready to help you with this.
Golden Visa. This residence permit program is in high demand among wealthy non-residents of Spain. Its essence lies in the fact that when buying an object from € 500 thousand, the buyer gets the right to work in the country, and also expands the possibilities for obtaining a residence permit for his family members, including for financially dependent parents and adult children. The condition of compulsory residence in the country for a year is also canceled. Therefore, if you are planning a large purchase, it is worth considering the possibility of passing the threshold of € 500 thousand.
Climate variety. The Spanish coastline has differences in weather conditions. The temperature difference between air and water can be quite significant, and in some regions, the hot summer season is not so long. Therefore, before buying, it is recommended to live in the selected region for a while in order to understand how it suits you in climatic terms.
The cost of objects. The situation with prices in Spain has not yet come to pre-crisis levels everywhere. In some regions, quality properties can still be purchased at 40% cheaper than in 2007. Such a deal will be beneficial for the buyer. But at the same time, there is a risk, tempted by a low price, to acquire an illiquid object. Therefore, all transactions in the Spanish market are best done in cooperation with an experienced local agency such as Rusol Prime. professionals will be able to ensure the maximum benefit of your purchase.
Elite real estate. If you have an impressive budget, then pay attention to the elite segment. It is very profitable to purchase premium class properties in this country.
Mortgage. In Spain, foreign citizens can buy real estate with a mortgage. This option is not available in all countries, so it can be safely called another advantage of buying a home in this particular country.
We can talk for a long time about the pros and cons of buying real estate in Spain, since the same fact can be interpreted in different ways. But one thing is beyond doubt: it is necessary to prepare for such a purchase so that it 

the pluses have clearly exceeded the possible disadvantages. Our agency Rusol Prime will help you with this.

Buying property in Spain with Rusol Prime

Our experts will help you reasonably weigh all the advantages and difficulties in purchasing housing, will advise you in detail on the choice of a region and a specific object, and will also take on all the tasks related to the registration and conclusion of the transaction. Our professional real estate services will help you assess the pros and cons and make the right choice! Contact us right now!