When it comes to buying property, the Costa Blanca is a fantastic location for real estate investment as it offers a perfect combination of stunning natural beauty and a cultural heritage. Golf enthusiasts flock to the area to play Grundeigentum golf all year round thanks to a climate that boasts over 300 days of sunshine a year. Foodies enjoy dishes influenced by the Costa Blanca’s Moorish agricultural past, and rice is a key ingredient in many dishes, including the famous paella. Many people enjoy a glass of fine local wine to complement their meal.
The most beautiful and desirable travel destinations
In addition to being one of the most beautiful and desirable travel destinations, the Costa Blanca offers many different types of properties to suit most people’s budgets. Buying a property on the Costa Blanca is all about location, location, location. If you are on a big budget then properties along the coast are ideal as they tend to be more expensive than elsewhere .
If you are looking for a property as a rental income, it is advisable to choose one that offers some beautiful natural sights and is close to attractions such as a water park and an animal park.
For some real estate investors, seaside real estate is too expensive, so they head inland where real estate prices are more pocket-friendly. This is proving to be a popular choice for people moving to Spain as not only are property prices cheaper but the way of life is more ‘Spanish’ than in places along the coast that have had a strong British influence for many years.
You have decided to buy a property
Once you have decided to buy a property, set a budget and stick to it.
On the Costa Blanca, property prices vary with the seasons. So if you are buying a property on the Costa Blanca, consider the time of year as the low season can offer you properties that are cheaper than the high season. Visit the property at least twice before making a decision and visit at different times of the day. Talk to the neighbors about the area and listen carefully to what they say. Also check what amenities the property has, such as electricity, water and gas, so there are no surprises after the purchase.
Having some knowledge of the property market on the Costa Blanca is an important aspect to consider when buying property as the market is different to the UK. For example, the buyer is liable for a property transfer tax (IVA) and the rate depends on whether the property is new build or resale. There are online service providers that offer legal advice as well as up-to-date information on available properties. Confirming the Grundstücke reputation and knowledge is a must to ensure reliable information about the property you intend to buy. It is also important to have a legal advisor to verify ownership of the property and any outstanding debts on the property before signing any paperwork.