Why and how to invest in property in Spain in 2023?

13 Sep 2023

Why invest in property in Spain? Spain is considered one of the best countries in the world to live, and it is not surprising because of its pleasant climate all year round and a great quality of life, which makes real estate investment in Spain one of the best in Europe. Additionally, real estate is a safe asset compared to other investments such as stocks.

Advantages of investing a property in Spain

There are obvious reasons to invest in a property in Spain, such as gastronomy, leisure and climate, in addition to:

The diversity and beauty of the country. Spain has a wide variety of landscapes, from white sand beaches and snow-capped mountains to green forests and arid deserts. The country also has a rich historical and artistic heritage, with monuments such as the Alhambra, the Sagrada Familia and the Prado Museum.

The ease and security of purchasing. Spain has a transparent and efficient legal system that protects the rights of foreign buyers. The purchase process is simple and fast, with the help of a notary who verifies the documentation and registers the property. Furthermore, Spain is a safe and peaceful country, with low crime and conflict rates.
The quality and price of the properties. Spain offers high quality properties, with good materials, finishes and equipment. The country also has competitive prices, especially compared to other European destinations.
Demand and market growth potential. Spain is one of the most visited countries in the world. This generates a high demand for accommodation, both for vacation rentals and longer stays. The increase in rental profitability, together with high demand, makes real estate investment in Spain a tempting proposition.

Tips for buying property in Spain

Choose your property in Spain according to your purchase motivation

What is the main reason to buy a property in Spain? Your purpose for purchasing the property greatly influences your decision. You can buy to rent or to live in yourself.

If you buy to rent, look for houses near the beach and cities, with good transportation and services. This way you can charge more and find tenants easily.
If you buy to live, pay more attention to the quality of the construction. A new home or a direct one from the construction company is best for you, because in Spain there is a big difference between new homes and used ones.

Know the place before you buy

Don't just stick with the photos and videos you see on the internet. The house you want to buy has many other aspects that you should know, such as the area and neighborhood where it is located.

Therefore, it is best to go to the place where the house is and explore the area. This way you will know if you like the environment and if the house is worth what they ask for.

Hire a real estate expert when buying a property in Spain

Maybe you want to save money without intermediaries by investing in a property in Spain, but it's not a good idea. A real estate expert prevents you from wasting time and money:knows the area, the best offers and accompanies you throughout the purchasing process. Of course, look for a trustworthy real estate agent, with references and credentials. At BUY IN SPAIN we can help you with your real estate investment and guarantee a comfortable and successful purchase of your new property in Spain.