Retiring in Spain

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This topic contains 3 replies, has 2 voices, and was last updated by Profile photo of Anonymous Anonymous 11 years, 7 months ago.

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  • #51087
    Profile photo of Anonymous
    Anonymous
    Participant

    This is a GREAT Forum with lots of unbiased information for those contemplating buying in Spain, thanks for all your well expressed pointers Mark (at Site Admin) 🙂

    However most of the detail in the Forum is on buying off-plan as an investment (or not, as the case may be). Mark’s article on the longer term trend in property in Spain was very interesting indeed.

    My interest is in buying, probably on the Costa del Sol, as a place to retire. I look to the western CdS as it has the infrastructure for a retiree, medical, communication – both physical (roads, expanding airport) and telegraphic (ADSL), (some) duty free in Gib and a mix of nationalities – not just Spanish & English (+Scots!).

    I am not interested in a short term gain, that would be extremely foolish in the current climate, but in somewhere to live over the longer term. I am aware that the CdS is expensive when compared to other areas but I have looked ‘up campo’ and at the Costa Blanca and found them not to my taste.

    Does anyone have any views on LONG TERM property in Spain? At the end of the day it’s my kid’s inheritance I am gambling with, and I don’t want to loose it, or saddle them with a long term problem 😕

    Any advice would be much appreciated.

  • #58239
    Profile photo of Anonymous
    Anonymous
    Participant

    I have had property here for 25 years and seen property slumps come and go. If you are looking long term I still think it is a good investment. During the last crash property lost more than 30% of value most of them new builds but within a few years they had recovered and gone up over 50%. good luck with your retirement.

  • #58240
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Jock,

    Sounds like you’ve already seen my post re. the long-term (if not then: http://www.spanishpropertyinsight.com/forums/viewtopic.php?t=90 ) so you will know I’m bullish but have my worries about what will happen in SOME areas in the short term. I’d be very interested to hear the opinion of others on this question.

    Specifically on the CdS I’d like to add that I expect its current problems to deliver benefits in the long run. Given its location, golf, climate, advanced services / facilities and Andalusian charm it will always be THE coast. The market has suffered from greed and exploitation in recent years, but the Andalusian government is clamping down hard, and hopefully this will ensure a better future. The regional government in Seville has a new plan to deprive municipal authorities of planning powers if they abuse them – great news. Many thoughtful people also agree that the coast needs a bit of a shakedown to put the spivs out of business and leave the market to professionals who are prepared to work hard and offer value. Booms that get buyers hysterical and offer easy money always attract the wrong types.

    So if things are done right the CdS has a fantastic long-term future.

    But always go about the purchase in the correct fashion. See the rest of the site for more information on this, and keep checking back as I will be adding much more information over the next few months.

    Mark

  • #58241
    Profile photo of Anonymous
    Anonymous
    Participant

    @mark wrote:

    Hi Jock,

    Sounds like you’ve already seen my post re. the long-term (if not then: http://www.spanishpropertyinsight.com/forums/viewtopic.php?t=90 )

    Yes this is the one I was referring to thanks

    The market has suffered from greed and exploitation in recent years, but the Andalusian government is clamping down hard, and hopefully this will ensure a better future. The regional government in Seville has a new plan to deprive municipal authorities of planning powers if they abuse them – great news.

    Great news indeed

    Many thoughtful people also agree that the coast needs a bit of a shakedown to put the spivs out of business and leave the market to professionals who are prepared to work hard and offer value.

    I am shure a ‘shakedown’ would be good news for the longer term 🙂

    But always go about the purchase in the correct fashion. See the rest of the site for more information on this, and keep checking back as I will be adding much more information over the next few months.

    Look forward to that, many thanks for the gen so far (you should get double time for working Sundays ❗ )

    Mark

    Thanks for the advice guys, I have truly got the message about selecting a lawyer, I think I will try the smaller Spanish Estate Agents, provided they speak some English (my Spanish is not up to technical speak) :?. The recent press in UK has made me very suspicious of the larger UK owned set-ups.

    Once again many thanks Mark, you have worked very hard on this Forum, and it is appreciated.

    Jock

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