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Real Estate Costa del Sol
Real Estate Costa del Sol
We are an international team of dynamic professionals, with in-depth knowledge of the local Spanish real estate market. Our way of working will always be inspired by the following pillars
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While it is probably most famous for its vibrant nightlife and booming tourist industry, there is another side to the Costa del Sol that has been attracting investors and second-home buyers for many years. Behind the glitz and the glamour, the Costa del Sol also plays host to traditional little Spanish villages, secluded bays, tranquil and breathtaking scenery and classic, cobbled streets.
The Costa is one of the warmest parts of Spain, tempered by a cooling sea breeze. There are around 320 days of sunshine per year in this region with temperatures averaging at around 24C in the off-peak months and rising into the thirties during the summer. The tourist industry has taken advantage of the longer strips of beach, but has had to overlook the smaller, more intimate bays that are known mainly to the locals. Further inland are the mountain villages (pueblos blancos) that are instantly associated with a more traditional Spain. Many property buyers are purchasing property here, either to integrate themselves into the local community or to own a secluded property that presents a real investment opportunity.
Buying property in the Costa del Sol offers its own set of variables, particularly in light of the deregulation of the real estate industry in 1999. Before you consider buying property in the Costa del Sol, there are a few aspects that are worth researching.
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house for sale italy
house for sale italy
Property prices in Italy as of 2018 hover between 1,780 and 1,898 euro per square metre (m2), which is equal to between 165 and 176 euro per square foot (sq ft). According to research by idealista, the price of used properties in Italy in 2018 dropped by 3.8% compared to 2017.
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spain houses
Spain. Most Spaniards prefer to live in apartment blocks. ... Most Spanish apartments involve white walls, stone floors, and windows with shutters. These interior elements help people to survive the hot summer months.
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buy a house in spain
According to recent research, Spain came out as second of 33 countries as best for first-time buyers. The reasons given were a combination of reasonable property prices combined with a favourable cost of living as well as good average salary growth levels – all good reasons for buying in Spain.
real estate spain
real estate spain
In July 2020, a new house in Spain would cost around 2.472 thousand euros per square meter built. ... According to the European Mortgage Federation (EMF), real estate prices in Spain initiated a solid recovery in 2015, reaching 78.7 house price index points in 2018 from a lowest point of 70.8 index points recorded in 2014.2
buying a house in spain
buying a house in spain
Are foreigners allowed to buy property in Spain? ... There are no restrictions on buying property in Spain, whether it's commercial, residential or land. In fact, Spain encourages investment by foreigners, both resident and non-resident.
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costa del sol
Costa del Sol, a coastal haven in Andalucia, a southern region of Spain, has been delighting beach bums for decades. These days, this golden Mediterranean coast is home to some of the best golf in the world and entertains over two million visitors a year.
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think spain
Future Of The Spanish Property Market in 2021
The Bank of Spain expects the domestic housing market to remain fragile for some time but for international investment to retain momentum. For the overseas buyer, life in Spain is attractive and an excellent investment due to its popularity with tourists.
spain property
spain property
Banks in Spain generally finance 80% of the value of the property you wish to purchase (if the property will be used as your main residence), meaning that you need to have 20% of the property value in order to pay a deposit.
spanish properties
spanish properties
While the UK and Spain are both members of the EU, you have the right to live in Spain. Register at the local Oficina de Extranjeros for a residence certificate. After five years you'll need to apply for a certificate of permanent residency.
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spanish property for sale
When you buy a home, who should pay the real estate taxes the first year? ... The buyer should pay the real estate taxes due after closing. This way, the buyer and seller only pay the real estate taxes that accrued during the time they actually owned the property.
Since the deregulation laws were passed, hundreds of agencies have sprung up, with the majority of them being unlicensed. Thankfully, in 2003 the government passed legislation requiring all businesses to clearly display the registered name and address of the company. By looking at their websites, you will be able to see which agencies comply and which do not. You will also be able to see which agencies are registered with the professional associations of GIPE and API. These authorities ensure their members adhere to strict codes of practice, offering protection to clients. If an agency doesn't display its business address or is not affiliated to either GIPE or API, then continue searching.
It is also worth checking to see if an agent is a member of the Costa del Sol Property Index; members will have access to a central database of properties and other members in those areas.
This means that they can find all the property in the Costa del Sol that match your requirements by simply making a quick call to the other independent licensed agencies. This saves you time and money, as you don't have to see lots of different agents to access all the properties available.
Once you have found a property, you will then need the services of a Spanish lawyer. You need to find on before you sign any contracts. A Spanish lawyer will usually charge around 1% of the sale price of the property and handle the financial aspects of the purchase.
There are variations in the legal system that makes the Spanish system very different from that of the UK. In order to avoid pitfalls, you need to do as much research as possible. Alternatively it may be worth hiring the services of an overseas property specialist. Overseas property specialists will have experience and expertise in the property industry, as well as a pool of contacts and connections to help the purchase of your property in the Costa del Sol run as smoothly as possible.
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RESOURCES
To put it simply... Costa del Sol is a paradise. With thousands of kilometers of golden Mediterranean beaches, a slow and easy lifestyle, and more sun in a summer than most countries see in years, it's no surprise that the Costa del Sol has become a real estate hotspot.
If you're thinking about buying a Costa del Sol property, you may have heard from those who have gone before that the process is pretty complicated. And while, yes, there are some hoops you'll need to jump through in order to complete a successful purchase, if you take things slow and use plenty of caution, buying a property on the Costa del Sol can be a relatively pain-free process.
ViVi Real Estate Files
ViVi Real Estate Files
Find an Estate Agent. If you're not careful, this can be the very easiest part of your search for Costa del Sol real estate. There are more estate agents in Costa del Sol than regular citizens, it seems... everywhere you turn you find a real estate office. So finding one is easy. But be sure to do your homework, and pick a reputable company that keeps its client's best interests in mind. Which is rarer than you might think.
Find an Estate Agent. If you're not careful, this can be the very easiest part of your search for Costa del Sol real estate. There are more estate agents in Costa del Sol than regular citizens, it seems... everywhere you turn you find a real estate office. So finding one is easy. But be sure to do your homework, and pick a reputable company that keeps its client's best interests in mind. Which is rarer than you might think.
Find a Lawyer/Solicitor. Some estate agents say they offer free legal advice to their clients. And while this may seem tempting, the truth is... you really need a lawyer. Really. Because estate agents, even if they are well-versed in the law, are not legally responsible for what they tell you-- if they make a mistake, you'll find yourself in trouble with nobody to blame.
Finding an English-speaking lawyer in the Costa del Sol is pretty simple. If you do a quick search online, there are several out there with websites and plenty of information on their services. Another way to find a good property lawyer is to look at Costa del Sol expat message boards and forums. Others who have already been through the process can generally be a big help in suggesting a good lawyer or solicitor.
Yes, getting a lawer is an extra fee that you might think you can do without. But most Costa del Sol lawyers will inform you up front of their fees, which generally run about 1% of the property's purchase price, plus VAT. And that extra 1% can make the difference between a successful purchase and ending up with nothing. Contracting a Costa del Sol property lawyer really isn't optional-- it's a necessity.
3. Evaluate the Property. When you've found a property that you're interested in making an offer on, it comes time to do an in-depth evaluation of the property and its history. This is where that lawyer you contracted really comes in handy.
Be sure that your lawyer checks the property register for any property you're interested in purchasing. This register will show immediately whether or not that property is actually owned by the person doing the selling, and whether any liens, mortgages, taxes, etc. are owed upon it. This registry should be checked twice-- once before making and offer, and again just before the purchase is completed. Because it is legal in Spain for sellers to take out a mortgage on a property which is under negotiation for purchase-- and after the purchase is complete, you will find yourself liable for paying any sneaky new mortgages.
Also have your lawyer look into the planning and zoning status of the property that you're looking into purchasing. If the area in which the property was (or is being) built wasn't zoned correctly, the local government can demolish the building, losing you your entire investment.
The Process: During the Purchase
1. The Preliminary Contract. The first stage in purchasing a Costa del Sol property is to agree with the seller on a purchase price. Then, in order to take the property off of the market and reserve it for your purchase, a preliminary contract is generally drawn up. This contract, called a Contrato privado de compraventa, contains all the details of the property, along with the agreed purchase price.
At this time, you will generally pay a deposit on the property of about 5% to 10% of the final purchase price. These funds will be held in a bonded account until the purchase is complete.
Spain has always been a country where people go to relax and unwind. Full of sunny and beautiful beaches and an abundance of natural beauty, it is a tourist's delight. All the cities of Spain are beautiful and a tourist destination in their own right, but Costa del Sol is the one that is most popular. The increasing number of tourists in Costa del Sol all the year round, has not only placed it at the top of global tourist destinations, but has also boosted the real estate scenario. It is most certainly the best time to invest in Costa del Sol property.
What makes Costa del Sol such a sought after place? The main reason is that the climate there is extremely pleasant for a major part of the year. It settles around 18 degrees Celsius on an average annually. It is a perfect weather for holidaying and spending a relaxed and leisurely vacation. In fact, it is mainly the affable weather that draws tourists to the city and is the main reason why more and more people wish to invest in Costa del Sol property.
The other main reason behind the rise in the Costa del Sol property rates is that it is Spain's most well connected city. The Malaga International Airport is extremely close by. It is also close to neighbouring towns and villages. Not only Spanish people, but even people from other countries are buying Costa del Sol property. They may invest in the land either for commercial purposes (like building resorts, hotels, villas, etc.) or even for settling down in a quiet place in the city.
There are a few things in life that will make your heart truly happy. One of those things is to invest in Costa Del Sol. Boasting of 320 days of pure sunshine; it is easy to see why you should invest in Costa Del Sol. It is not only a great place to visit but an ideal location to buy some real estate, either for investment or for residence.
Great return on investment: It is a good decision to invest in Costa Del Sol. It is reported that most investors secure a 40% hike in value. Those who invested in property back in 2001 reaped a tremendous return on their investment. Several years have gone by since then but the value of property in only on the increase. In comparison you will not find a better place to live than picturesque Costa Del Sol.
Great infrastructure: Earlier, many Europeans did not want to invest in Costa Del Sol due to its poor infrastructure. However, things have changed for the better. The location is easily accessible by road and air. Extensive motorways and an international airport add to the attraction.
Great economy and employment: The opportunities are endless so you can safely go ahead and invest in Costa Del Sol. The economy has been flourishing and you will find ample avenues to find good employment. The markets are filled with foreign imports so you can be assured of living a high standard of life.
CONTACT US TODAY!
CONTACT US TODAY!
ViVi Real Estate
Calle Francisco Cano 9 (29640) Fuengirola, Málaga, Costa del Sol, Spain
(+34) 951 12 80 03
info@vivi-realestate.com
Website: https://vivi-realestate.com
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Great retirement destination: A lot of people invest in Costa Del Sol not only because it is a wise investment decision but because it is a great place to retire. Blue skies and sunshine are property rights that everyone in Costa Del Sol gets free.
Great options: From townhouses and plots to apartments and villas, you have many options to choose from. To invest in Costa Del Sol, you just need to decide which is more suitable and lucrative for you. You can even invest in the second hand market. Be sure to get some expert advice before you take a final investment decision.
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