Best Areas Possible For Spanish Short-Long term Investments?

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This topic contains 4 replies, has 4 voices, and was last updated by Profile photo of Anonymous Anonymous 5 years, 11 months ago.

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  • #56027
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi, Searching for the *best* short-long term property investments people know/ have experience of in Spain?

    Any feedback would be much appreciated! 🙂

  • #102002
    Profile photo of Anonymous
    Anonymous
    Participant

    There is no easy answer to this question.

    The general consensus that any ‘investment’ in Spanish property, whatever the region, will lose money in the short to medium (1-5 year) term. Quite possibly a lot. There are some good deals around but they are few and far between. Even then, it is questionable that they would make money. There are of course lots of people around saying ‘buy now, the market won’t go any lower’. They may be right now but they have certainly been wrong for the last three years they have been saying it and all the fundamentals suggest they still are.

    If you want to buy for lifestyle purposes, that is another story. You must however accept that you’ll almost certainly be out of pocket if you do.

    My best advice is that, for ‘investment’, look elsewhere. For a lifestyle find a place you like and research the area well, in all seasons.

  • #102009
    Profile photo of Anonymous
    Anonymous
    Participant

    Spain is not a Country for Investments. Apart from the price of the property i.e. if it is a bargain or not !!! The cost of buying & if you wish to sell the cost of selling taxes, VAT, Notary fee etc, etc at both ends.

    In addition to the above you may well end up paying more taxes if you bought a so called bargain. refer to other threads on Ayutamente/Hacienda taxing people.

    The whole system is so lax & instead of pulling it up they go for the softer option of screwing the buyers. ( biting the hands that feed you comes to mind )

    In short if you are looking to buy as an investment forget Spain.

  • #102012
    Profile photo of Anonymous
    Anonymous
    Participant

    @shakeel wrote:

    The cost of buying & if you wish to sell the cost of selling taxes, VAT, Notary fee etc, etc at both ends.

    Plus if you do find an amazing bargain, they come along and do this to you: viewtopic.php?f=2&t=5435

  • #102016
    Profile photo of Anonymous
    Anonymous
    Participant

    “if you bought a so called bargain. refer to other threads on Ayutamente/Hacienda taxing people.”
    Charlie this what I meant. You kindly posted the link. Merry christmas to you.

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