Buying Investment property in Spain

The property market in Spain can provide excellent investment returns and the opportunities are considerable. The purchase of investment property in Spain by foreigners is simple as it is regulated by relatively liberal laws, and mortgages can be obtained up to 60 %, sometimes up to 80% at low interest rates.

Successful Spanish property speculation is no longer the privilege of wealthy invdividuals or businesses and over the past few years, buying 'Off plan' investment property Spain has seen some incredible returns for hundreds of foreigners.

New developments in up-and-coming as well as established locations along the Costas which are primarily 'off-plan' investment opportunities are many. Property speculation requires careful judgement and knowledge of the property market to find the best new developement for your investment property in Spain.

Whatever your reasons for buying investment property Spain there is a huge choice of new developments all along the coasts to suit every budget, but even experienced investors will still need practical and legal advice. You need to make sure you are buying the right type of property to suit your individual requirements, whether it be 'buy to sell' or for 'buy to let' rental purposes.

The most rewarding opportunities are from buying 'off plan' before building work even begins. You are then able to reserve (normally 10% of the purchase price is put down at this time) the best plots or apartments, which can be sold on at any stage of the development for a profit. Most banks and developers offer a bank guarantee against non-completion of the project, which will protect any money put down as a deposit payment. Some developements make take 2 to 3 years to complete, which means that they are constantly increasing in value, so the longer you hold on to your Spanish investment property, the more profit you can make. Most buyers will pay more for a finished or nearly finished property than they would for an