Foreign Investor – Where to Start?



This topic contains 2 replies, has 2 voices, and was last updated by Profile photo of alagana alagana 1 year, 5 months ago.

  • Author
  • #186568
    Profile photo of alagana

    Hi there,

    I am new to home buying in general, but specifically buying in Barcelona.  I am at a loss as to where to start.  Normally, I would start by going to a bank in the States, but not sure if that is the same route for buying in Spain.  I’ve read through a lot of topics on here such as licenses, overall estimated costs, etc, but I can’t seem to find this question.  Your help is greatly appreciated it!

  • #186570
    Profile photo of Mark Stücklin
    Mark Stücklin

    Hi Alagana,

    I wouldn’t waste time talking to banks if you want to buy in Barcelona. You go to them if you need a mortgage, but that’s about it. Good bank repos in Barcelona went ages ago, mainly to insiders, but you can still check out what they have to offer if you like. You can see a list of Spanish bank repo property websites here.

    If I were you I would start by writing a clear brief of what you are looking for, do some research to get an idea of market prices (come and ask all the questions you like here), and then share your requirements with some of the more reputable local agents.

    Do you have a clear idea of what you want, and what you get for your money in Barcelona?

    I just bought a flat in Barcelona, so I for one think the time is right. However, I should add, I’ve bought as a home, not a speculative investment.

  • #186577
    Profile photo of alagana

    Thank you very much, Mark!  I actually just got back from Barcelona and looked at the areas and prices I wanted and have been doing research ever since I got back.  I found your website and will say it has been incredibly helpful so thank you again!  I will look at repo sites you sent me, but I also saw your article about starting to look at mortages at the beginning so that is what I’d like to do.  I just don’t know how to necessarily do it from the States.  My goal is to eventually move to Barcelona and use the apartment myself, but use it as a tourist apartment until that can happen.  I’ll reply with more questions once I get more into the thick of things.

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