Many people among our compatriots want to buy real estate on the warm Spanish coast. And it is good that for this purchase you do not need to have a lot of money: mortgages in Spain are available not only to residents, but also to non-residents.
Many Russians have already visited Spain and are confident that investing in local real estate is profitable and convenient. For those planning a vacation in Spain, the question arises: why not combine a vacation with choosing an apartment to buy? After all, few people want to buy a pig in a poke, relying only on photos and descriptions on the Internet. In addition, the opportunities to visit Spain during the year may be limited.
Let’s look at the pros and cons of looking for a property to buy while on vacation.
An undoubted argument in favor of searching for property to buy during vacation is the savings. Many Russians can only leave their country during vacation time, so it will be difficult for them to find a few days to view properties during the year. If you do not have to go to Spain again, then you will not have to spend money on flights and accommodation.
Another advantage is that some realtors offer a “try before buy” service. This means that several rental options are selected for the potential buyer that best suit his requirements. He can live in one of these apartments during his vacation and check if he is comfortable living in such a home. After a few days of rest, he can decide to buy.
Another argument in favour of searching for a property to buy during your holiday is that a summer holiday in Spain usually lasts a few weeks. During this time, you can view many options, including those in remote locations. At the same time, you have enough time to think over the decision and, if necessary, you can return to view the apartment you like again. This way, the final decision will not be made between haste and an excess of information, which often happens during short trips to Spain.
Experts say that in the summer, buyers can take advantage of discounts that are often offered on the secondary market.
One of the main arguments against is that searching for a property is an expensive endeavor that requires time and effort. Is it worth combining it with a vacation, when it is best to forget about your problems and simply enjoy the serenity? Perhaps, with all the worries and trips to properties, you will not be able to fully relax.
There is a more important objection, although it mainly concerns those who intend to buy a property in Spain for permanent residence, rather than for a holiday. The summer atmosphere of popular resorts is very different from that which reigns here in the off-season. In winter, the population decreases significantly, many cafes and shops close, and the weather becomes cold. It is in winter that the shortcomings of the property become visible, such as poor maintenance, draughts and leaks. This can be difficult to notice in the summer.
In addition, during the summer, many properties that their owners would like to sell are rented out to tourists to generate income. This means that many attractive properties are not available for viewing.
It is impossible to say for sure whether it is worth spending part of your vacation searching for real estate. The final decision depends on the purpose of the purchase, the length of your vacation, and the investor’s work schedule. In any case, experts recommend taking your time: even if the apartment you find in the summer seems ideal, you should not rush to make a deposit and complete all the formalities right away. It is better to spend a little time studying the market, communicating with other realtors, and thinking over your decision.
The influence of emotions that often arise during vacations is not always a good advisor. The decision must be balanced and thoughtful, and then the purchase of real estate will bring joy and profit for many years.
