Buying In Spain - Eyes Wide Shut?

Buying Your Spanish Property - On the Coast or Inland Do you go to the coast along with many others or do you look further inland for your dream home - what are the benefits to you for each of these locations. Rental Income Firstly you should have already decided what you want from your move and potential purchase. Are you going to be living here permanently or will you be using it as a holiday home, do you therefore require a rental income to cover all or part of the costs? If so then you will need to look more towards the coastal regions and the tourist areas, although inland is becoming popular with a different breed of tourist - those wanting to get away from it all. There is not such a critical mass of people wanting this kind of holiday so if you need to rely on an income then you should look towards the Costa's. You could secure a long term rental for your inland property to cover you your costs, but you need to be very careful ensure contracts are well worded. Failure to do so can be costly. Capital Gain In recent years prices on the coast have soared. Recently though, prices are slowing - whereas before 20-50% rises were common - it is now a more reasonable 7% rise per annum. In part this is because less people are buying - the UK has seen a dramatic downturn in the property market, and this has had a knock on effect on the Spanish Market. Previously people were selling to move out here. Now they cannot sell their house in the UK so they have less budget and on the coast their budgets will get them a 2 bed apartment 500M from the beach. Move inland and you have a wealth of villas in excellent condition with pools and for the same sort of price. So people are more discerning in their choices. Renovation of property 4 years ago it you could buy a house for reform that would return much more than the value of the reforms. For example a house worth