Ideal for use at the beach

 

Or almost, because this move-in ready apartment is only 150 meters from some of Manilva's best beaches. The house has a big terrace (17m2) with views of the common gardens and pools, as well as lots of interior space (92m2). The ground-floor apartments feature a private garden, while the top-floor apartments feature solariums with panoramic views of the sea. doha property

Why should you buy this Costa del Sol property? The two main advantages for purchasing one of these apartments are the superb location and ample room. It's also an attractive option because it's move-in ready and close to everything.

Buying a home in Spain is a thrilling experience, but it also needs a significant amount of research and planning. First-time buyers frequently believe that the purchasing process in Spain is identical to that in their native country. This can frequently result in errors that cause the purchasing process to take longer or cost you more money than is necessary. Here are the five most common traps to avoid when buying a house in Spain, so you can feel confident and fully prepared for your upcoming Spanish property trip.

1. Not having all of your registrations in order prior to beginning the purchasing procedure.

Certain registration criteria are critical to your property purchase; if you don't meet them, your purchase will be halted. You must ensure that you have the following:

Your NIE number is necessary when buying a home and completing legal paperwork.

A Spanish bank account is required to apply for a mortgage and/or pay costs.

We strongly advise that you finish your NIE registration as soon as possible so that you can open a bank account and begin the purchasing procedure.

2. A lack of property research

You could end up with unforeseen expenditures or extra steps in the process if you don't perform enough research on the property you want to buy. You must respond to critical questions such as:

Is the house legally constructed?

Is there any work that needs to be done on it?

Does it have the necessary construction permits to make any changes?

Are there any limitations on the kind of alterations that can be made?

Is there any information on the property's urban planning history?

Is it required to conduct a SWOT analysis?

It's preferable to hire an architect to address these property issues and receive the necessary certificates, as well as any appropriate city hall or local government reports.

3. Failing to account for all of the expenditures associated with purchasing a home

If you are unfamiliar with the specific prices involved in purchasing a house in Spain, the process might get confusing. The types of taxes you pay and how much you pay are determined by the sort of property you want to buy (usually VAT and Stamp Duty). Notary fees, land registry fees, and legal fees are examples of additional charges. You can find a detailed breakdown of these prices in this comprehensive reference on the cost of buying a home in Spain.

4. Failure to comprehend your deal (s)

Because purchasing a home is such a large commitment, you must ensure that you understand the terms of any contracts you sign. You could face harsh repercussions if you misread a contract. The best method to do so is to hire a lawyer who can assist you with the complete purchasing procedure, from NIE acquisition to conveyancing. You should also strive to get a lawyer who is not related to the sale of the property, to ensure that they are working in your best interests.

5. There is no planning for future costs.

Remember that acquiring a home is only the beginning of the journey. You must still budget for recurring expenses like your mortgage, house insurance, utility bills, and different taxes including non-resident tax and property tax (IBI). Spain's utility rates are among the highest in the EU, so keep this in mind when planning your monthly expenses.

France is generally Spain's second largest foreign market for property, but Germany surpassed it in Q2 to take third place. In the second quarter, how did French demand fare against the backdrop of the coronavirus outbreak? These essential graphs assist in answering the topic.

Given that France and Spain share a border, and since most French investors buy in Catalonia, the French were in a better position than anybody else to continue investing in Spain once the blockade was lifted. They didn't take full use of the opportunity.

For starters, according to data from the Association of Spanish Land Registrars, the French fell behind Germany in terms of acquisitions, with 543 Spanish property purchases involving a French buyer in the third quarter (chart above). Despite having greater access to Spain, French buyers were nearly half as common as British buyers at the time.

As a result, France now has a foreign market share of over 7%, on par with Germany.

In the second quarter of 2020, there will be a strong demand for Spanish real estate in France.

Since the Spanish property market began to revive on the strength of increasing international demand, France has had the lowest market share in the last seven years.

In the second quarter of 2020, there will be a strong demand for Spanish real estate in France.

Covid-19, like with all markets, was the single most important reason in halving French demand between the first and second quarters.

In the second quarter of 2020, there will be a strong demand for Spanish real estate in France.

In the second quarter of 2020, there will be a strong demand for Spanish real estate in France.

The highest drop in demand was in France, which fell 56 percent, greater than the UK (-54 percent) and Germany (-54 percent) (-50 percent ). As a result, proximity to Spain did not enhance French demand for Spanish real estate in Q2 2020.

July 2020 house sales in Spain

It will be fascinating to see how much, if any, French demand recovered in Q3. With France currently on lockdown in anticipation of the likely second wave of Covid-19, it's safe to assume that demand in France will not recover in the fourth quarter.