Now I have your attention let me say that you do not need to make any quick decisions when buying a bank repossessed property in Spain!

There is a very well publicised Spanish property crisis evolving and although the market has corrected itself with many property price reductions the amount of property available for you to choose from is huge

Whether you are buying in Spain, in the UK or on the Moon – Don’t Hurry!

We all get the buzz and our hearts rule our heads when we look a property on a sunny day and we are relaxed and the dream of owning our very own piece of Spanish property heaven fills us with an urgency to buy now… This is a very human condition and we need to balance this with a rather boring common sense approach.

So what do we advise when looking for an apartment in Spain or Spanish Villa?

Follow these simple steps and you should make a better Repossessed Spanish Property buying decision:

 

  • Never Forget the Fundamentals of Spanish property buying and number 1 is Location! A good location with access to international airports is high on any overseas buyers list when buying in Spain.
  • Amenities, as much as we fantasize about rural retreats etc it is important to think ahead and into the many long years of enjoyment from your property in Spain. I am a relatively lively 46 year old but in 20 years I might need a few less steps or a cafe nearby to have a stroll and a coffee, so a property that allows me to change and will accommodate my changing needs is a sensible thought to consider
  • Aspect – sounds obvious but buying in area that is already developed solves any worry about what might be built. That said there are ever stricter building and planning laws, who says we don’t learn by our mistakes
  • Do Not Rush a decision– that is not to say that you need to take forever either , just that you don’t need to hurry and make up your mind – it is possible to see “the one” on your first visit but it is more likely that you will build a picture of what your money will buy and where you want to be
  • Lawyer – we have said  this before but feel it is really important and so we are saying it again, get a good lawyer who is independent the Foreign and Commonwealth Office have good advice and here is a link for you http://ukinspain.fco.gov.uk/en/help-for-british-nationals/living-in-spain/property-in-spain/before-you-buy/
  • A Good Agent is worth their weight in gold – if you are thinking about buying a bank repossessed Spanish property you could listen to one of our recent buyers and hear what they have to say http://www.basicohomes.co.uk/hear-for-yourself/index.jsp

I would be delighted to hear from you and I feel you won’t find an agent better placed to help you in your search for bank Repossessed property in Spain, so feel free to email me on robert.evans@basicohomes.com or call me on +44 (0)7970 263 288

I look forward to hearing from you!!

Good Hunting for your Property in Spain

Author : Robert Evans

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