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Hola 🙂
I am planning to buy a small apartment – and spend my holidays there.
Have been giving it a lot of thought, and narrowed the area down to Costa Brava – and only in towns where the rodalies from Barcelona are connected.
I have looked – on the net – at Canet de mar – and Arenys de mar, but would appriciate any advice both regarding these towns – and others, if recommended 🙂My pricerange is 60.000 to 70.000 euros.
Many thanks in advance.
Saludos
Bolette, Copenhagen
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If you are only going to buy a property in Spain in order to spend just a few weeks of the year living in it then you will be far better off renting a property instead rather than going through all the trials and tribulations and expense of buying a property and all the hassle and taxes that you will be paying for a property that will remain vacant for most of the year.
The Spanish government recently introduced a new tax on vacant properties based on the rental income the property will earn if you let it out. You will be paying the yearly Spanish property taxes and utility bills for a property that will be vacant for most of the year.
If you are planning to pay 70,000 euros for an apartment in Spain then you should prepare to pay around 8,000 euros just in taxes. I personally would not pay more than 20,000 euros for a two-bedroom apartment in Spain as Spain is fast becoming a Third World country. Who wants to buy a property in a country where unemployment is nearly 30% and youth unemployment is 60% and the economy is in a state of collapse, the Government is corrupt and are desperate for money and will get it from anybody who is stupid enough to own a property in Spain.
Didn’t you know that Spain has been in a Depression since 2007 and that Europe has also been in a Depression since 2008. Now is not a good time to buy a property in Europe as the bottom has not been reached yet.
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@bolett4 wrote:
Hola 🙂
I am planning to buy a small apartment – and spend my holidays there.
Have been giving it a lot of thought, and narrowed the area down to Costa Brava – and only in towns where the rodalies from Barcelona are connected.
I have looked – on the net – at Canet de mar – and Arenys de mar, but would appriciate any advice both regarding these towns – and others, if recommended 🙂My pricerange is 60.000 to 70.000 euros.
Many thanks in advance.
Saludos
Bolette, Copenhagen
Have you checked with a site like Idealista.com that you can find what you are looking for within your price range?
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Yes – I have been looking at both Idealista og Fotocasa. We are going to Barcelona beginning of december – and plan to look at some of these apartments. It is possible to find small, cheap flats – most I think is in houses without lifts. I can live with that.
It is a long time dream – and i am well aware of depression etc.I was just wondering if anybody here knew of these towns – or others, and could offer me advice on the choice of where, but not if or if not 🙂
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What is the rush to buy a property in Spain? I can guarantee you that I will be able to buy a property in Spain for 75% less than you would buy a property for now in three years time. Wait for the British economy and property bubble to collapse in 2015 before buying a property in Spain because when the collapse finally occurs you will be able to buy a property in Spain for just a few cents. There is going to be a General Election in Britain in 2015 and what is happening in Britain is a classic pre-election boom with all the help-to-buy votes scheme that is designed to help the Government win the General Election which will then be followed by a post-election bust. When the economic disaster occurs in Britain in 2015 this will have a knock-on impact on the property market in Spain because there will be fewer British people buying in Spain and this will have a dramatic impact on demand for Spanish property which will cause house prices in Spain to drop like a stone.
Timing is crucial when buying property because the property market is cyclical in that it follows a cycle of boom and bust and if you don’t get your timing right then you will get your fingers badly burnt. Spain is in the grip of the worst recession since the Great Depression and it is set to get much much worse particularly when the American economic bubble, bond bubble and stock market bubble bursts in 2014 and also when the British economic bubble, bond bubble, housing bubble and stock market bursts in 2015. What happens in America then happens in Britain a year later.
Therefore I strongly suggest that you wait until 2015 before even considering buying a property in Spain and it will be well worth the wait because property prices in Spain will be 75% lower in 2015 than they are today.
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Longtime participants on this site know that jake/spanishsiesta/marbellacontract (and whatever other name he may use) hijacks every thread with gloom and doom scenarios. Please be advised that he does not own real estate in Spain.
In the history of real estate, nobody has successfully predicted the ‘bottom’ of a market. And what’s more ridiculous about his post here is that, somehow, with his prediction of major economies ‘crashing’, he thinks that money will still have value so you will be able to purchase something for 75% less than now.
The decision to buy a place is very important and all factors should be considered, especially since a ‘vacation home’ could turn out to be a very expensive endeavor.
However, if one’s finances are sufficient and if one is sure about the doing this, I think a good deal could be negotiated. There are decent apartments in Barcelona that can be had for 60,000 or less, albeit not in the center of town. And the owners/agents at every place I looked at (I bought last year) lowered the price during my inspection.
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The Costa Brava is the coastline of the province of Gerona,coming down from France it ends at Blanes. Canet and Arenys de Mar are on the Costa Maresme, of the province of Barcelona. All are in Catalonia which tends to be more expensive than other regions in Spain. There is also a problem with the language as the local governments no longer wish to have to be bilingual and are pushing out the Spanish language which complicates any paperwork needed.The Costa Brava tends to have more towns and villages and less skyscrapers which helps to make it a friendly place to live. Each coastal town has it’s own individual atmosphere and even though the beaches are gritty rather than sandy it’s probably the most beautiful and striking coastline in Spain.
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