buying an apartment in spain
Discussion
Part of this years trip (seeing as winters have become the norm) is looking at property to buy, use for 3 months, rent out for the other 9 months..
Any opinions on whether best (net % return) to buy a couple of 400k apartments or 1 x villa with pool etc?
I know hassle factor is probably greater on two apartments but if the yield is better, it might be worth it..
Guessing capital growth is better on a Villa?
Any opinions on whether best (net % return) to buy a couple of 400k apartments or 1 x villa with pool etc?
I know hassle factor is probably greater on two apartments but if the yield is better, it might be worth it..
Guessing capital growth is better on a Villa?
I’m planning on buying a place within the next couple of years. Probably near Fuengirola but not on the coast.
Looked on Rightmove but prices seem all over the place.
I can either get the digital nomad or NLV. Will decide based on money.
Budget £300-350,000 max. Not sure but I’m thinking small detached villa or townhouse but really would like a small private pool.
Any suggestions or advice would be greatly appreciated.
Looked on Rightmove but prices seem all over the place.
I can either get the digital nomad or NLV. Will decide based on money.
Budget £300-350,000 max. Not sure but I’m thinking small detached villa or townhouse but really would like a small private pool.
Any suggestions or advice would be greatly appreciated.
Shnozz said:
Chris Stott said:
They just have been a good distance inland. I’ve never seen frost here, and I’m a few kms in land and relatively high up.
Nope - we are 15 mins drive from the coast. Looks like it was a freak night to be fair as normality has returned. Roll on tomorrow! With Christmas now well behind us the novelty of snow has passed and I’m ready for the sun. I’m not sure I’d ever enter the Spanish property market with a view to capital appreciation. If you catch an upswing then it’s a bonus, but I certainly took the view it was a sunken sum of money for something I wanted to live in, irrespective of whether it was worth €1000 or €1m.
Ergo I’d just buy what you where you’d be happy living/staying.
It’s a vastly different market versus the U.K. in my experience; whilst I’ve only got modest experience myself I’ve seen many friends and my own parents see various peaks but also significant drops and glacial attempts at selling over the years, together with various CGT equivalent hold-backs of sale monies.
The reliance on an international audience is also so vastly prevalent versus anywhere in the U.K. except for perhaps the odd enclave of certain city centres. Additional factors can therefore just spring up that often cannot be predicted. Just off the top of my head in the last few years we’ve seen the drop in Russians for obvious reasons, the decline of the Norwegian kroner in reduced buying power etc. There also seems to be waves of when it’s fashionable to buy in Spain versus other sunny climes (Florida, Dubai, South of France etc).
Then there is the very fact if you’re using GDP as a starting currency to buy, you’re also at risk of currency repositioning without any other third party factors. If you secured a property at £1/€1.6 then sold at £1/€1.15 when repatriating the funds, even with zero property appreciation you’ve won on the exchange rate. Likewise, both go against you and it can be a kick in the testicles.
Too many risk factors for me to get too worked up about it, hence buying and forgetting. One thing I did decide and is documented early on this thread in fact, was that purchase taxes made me decide I only wanted to buy once. Upsizing in increments as we tend to do in the U.K. was prohibitive without handing over huge sums in tax and I’m not wealthy enough to do that.
Ergo I’d just buy what you where you’d be happy living/staying.
It’s a vastly different market versus the U.K. in my experience; whilst I’ve only got modest experience myself I’ve seen many friends and my own parents see various peaks but also significant drops and glacial attempts at selling over the years, together with various CGT equivalent hold-backs of sale monies.
The reliance on an international audience is also so vastly prevalent versus anywhere in the U.K. except for perhaps the odd enclave of certain city centres. Additional factors can therefore just spring up that often cannot be predicted. Just off the top of my head in the last few years we’ve seen the drop in Russians for obvious reasons, the decline of the Norwegian kroner in reduced buying power etc. There also seems to be waves of when it’s fashionable to buy in Spain versus other sunny climes (Florida, Dubai, South of France etc).
Then there is the very fact if you’re using GDP as a starting currency to buy, you’re also at risk of currency repositioning without any other third party factors. If you secured a property at £1/€1.6 then sold at £1/€1.15 when repatriating the funds, even with zero property appreciation you’ve won on the exchange rate. Likewise, both go against you and it can be a kick in the testicles.
Too many risk factors for me to get too worked up about it, hence buying and forgetting. One thing I did decide and is documented early on this thread in fact, was that purchase taxes made me decide I only wanted to buy once. Upsizing in increments as we tend to do in the U.K. was prohibitive without handing over huge sums in tax and I’m not wealthy enough to do that.
mart 63 said:
Shnozz said:
Chris Stott said:
They just have been a good distance inland. I’ve never seen frost here, and I’m a few kms in land and relatively high up.
Nope - we are 15 mins drive from the coast. Looks like it was a freak night to be fair as normality has returned. Roll on tomorrow! With Christmas now well behind us the novelty of snow has passed and I’m ready for the sun. Nipped in for a weekend a few weeks back and had the fire burning every night and will no doubt be doing the same for new year!
Shnozz said:
I’m not sure I’d ever enter the Spanish property market with a view to capital appreciation. If you catch an upswing then it’s a bonus, but I certainly took the view it was a sunken sum of money for something I wanted to live in, irrespective of whether it was worth €1000 or €1m.
Ergo I’d just buy what you where you’d be happy living/staying.
It’s a vastly different market versus the U.K. in my experience; whilst I’ve only got modest experience myself I’ve seen many friends and my own parents see various peaks but also significant drops and glacial attempts at selling over the years, together with various CGT equivalent hold-backs of sale monies.
The reliance on an international audience is also so vastly prevalent versus anywhere in the U.K. except for perhaps the odd enclave of certain city centres. Additional factors can therefore just spring up that often cannot be predicted. Just off the top of my head in the last few years we’ve seen the drop in Russians for obvious reasons, the decline of the Norwegian kroner in reduced buying power etc. There also seems to be waves of when it’s fashionable to buy in Spain versus other sunny climes (Florida, Dubai, South of France etc).
Then there is the very fact if you’re using GDP as a starting currency to buy, you’re also at risk of currency repositioning without any other third party factors. If you secured a property at £1/€1.6 then sold at £1/€1.15 when repatriating the funds, even with zero property appreciation you’ve won on the exchange rate. Likewise, both go against you and it can be a kick in the testicles.
Too many risk factors for me to get too worked up about it, hence buying and forgetting. One thing I did decide and is documented early on this thread in fact, was that purchase taxes made me decide I only wanted to buy once. Upsizing in increments as we tend to do in the U.K. was prohibitive without handing over huge sums in tax and I’m not wealthy enough to do that.
Yeah, I wouldn’t be looking at the Spanish market as an investment opportunity…. I think it peaked summer ‘22, and will only go one way for a while now…. A combination of interest rates, no Russian money and too much construction doesn’t bode well. Ergo I’d just buy what you where you’d be happy living/staying.
It’s a vastly different market versus the U.K. in my experience; whilst I’ve only got modest experience myself I’ve seen many friends and my own parents see various peaks but also significant drops and glacial attempts at selling over the years, together with various CGT equivalent hold-backs of sale monies.
The reliance on an international audience is also so vastly prevalent versus anywhere in the U.K. except for perhaps the odd enclave of certain city centres. Additional factors can therefore just spring up that often cannot be predicted. Just off the top of my head in the last few years we’ve seen the drop in Russians for obvious reasons, the decline of the Norwegian kroner in reduced buying power etc. There also seems to be waves of when it’s fashionable to buy in Spain versus other sunny climes (Florida, Dubai, South of France etc).
Then there is the very fact if you’re using GDP as a starting currency to buy, you’re also at risk of currency repositioning without any other third party factors. If you secured a property at £1/€1.6 then sold at £1/€1.15 when repatriating the funds, even with zero property appreciation you’ve won on the exchange rate. Likewise, both go against you and it can be a kick in the testicles.
Too many risk factors for me to get too worked up about it, hence buying and forgetting. One thing I did decide and is documented early on this thread in fact, was that purchase taxes made me decide I only wanted to buy once. Upsizing in increments as we tend to do in the U.K. was prohibitive without handing over huge sums in tax and I’m not wealthy enough to do that.
Chris Stott said:
Shnozz said:
I’m not sure I’d ever enter the Spanish property market with a view to capital appreciation. If you catch an upswing then it’s a bonus, but I certainly took the view it was a sunken sum of money for something I wanted to live in, irrespective of whether it was worth €1000 or €1m.
Ergo I’d just buy what you where you’d be happy living/staying.
It’s a vastly different market versus the U.K. in my experience; whilst I’ve only got modest experience myself I’ve seen many friends and my own parents see various peaks but also significant drops and glacial attempts at selling over the years, together with various CGT equivalent hold-backs of sale monies.
The reliance on an international audience is also so vastly prevalent versus anywhere in the U.K. except for perhaps the odd enclave of certain city centres. Additional factors can therefore just spring up that often cannot be predicted. Just off the top of my head in the last few years we’ve seen the drop in Russians for obvious reasons, the decline of the Norwegian kroner in reduced buying power etc. There also seems to be waves of when it’s fashionable to buy in Spain versus other sunny climes (Florida, Dubai, South of France etc).
Then there is the very fact if you’re using GDP as a starting currency to buy, you’re also at risk of currency repositioning without any other third party factors. If you secured a property at £1/€1.6 then sold at £1/€1.15 when repatriating the funds, even with zero property appreciation you’ve won on the exchange rate. Likewise, both go against you and it can be a kick in the testicles.
Too many risk factors for me to get too worked up about it, hence buying and forgetting. One thing I did decide and is documented early on this thread in fact, was that purchase taxes made me decide I only wanted to buy once. Upsizing in increments as we tend to do in the U.K. was prohibitive without handing over huge sums in tax and I’m not wealthy enough to do that.
Yeah, I wouldn’t be looking at the Spanish market as an investment opportunity…. I think it peaked summer ‘22, and will only go one way for a while now…. A combination of interest rates, no Russian money and too much construction doesn’t bode well. Ergo I’d just buy what you where you’d be happy living/staying.
It’s a vastly different market versus the U.K. in my experience; whilst I’ve only got modest experience myself I’ve seen many friends and my own parents see various peaks but also significant drops and glacial attempts at selling over the years, together with various CGT equivalent hold-backs of sale monies.
The reliance on an international audience is also so vastly prevalent versus anywhere in the U.K. except for perhaps the odd enclave of certain city centres. Additional factors can therefore just spring up that often cannot be predicted. Just off the top of my head in the last few years we’ve seen the drop in Russians for obvious reasons, the decline of the Norwegian kroner in reduced buying power etc. There also seems to be waves of when it’s fashionable to buy in Spain versus other sunny climes (Florida, Dubai, South of France etc).
Then there is the very fact if you’re using GDP as a starting currency to buy, you’re also at risk of currency repositioning without any other third party factors. If you secured a property at £1/€1.6 then sold at £1/€1.15 when repatriating the funds, even with zero property appreciation you’ve won on the exchange rate. Likewise, both go against you and it can be a kick in the testicles.
Too many risk factors for me to get too worked up about it, hence buying and forgetting. One thing I did decide and is documented early on this thread in fact, was that purchase taxes made me decide I only wanted to buy once. Upsizing in increments as we tend to do in the U.K. was prohibitive without handing over huge sums in tax and I’m not wealthy enough to do that.
We are european residents & own property in the uk that is more the long term investment so not really in need of the long term view for whatever we buy in spain, was more about rental yields on one vs two properties and the complications therein,.
France is so easy to manage holiday rentals (we have a couple of cottages there) but i’m not sure on the spanish side?
Spain is a much longer rental period and we’d be less hands on for that period but i’d wager management agencies are pretty plentiful..
I’m leaning toward one larger property myself , something with a bit of potential for some work if we want to as i love doing alterations to thing and it’d keep my hand in over winter.
lrdisco said:
I’m planning on buying a place within the next couple of years. Probably near Fuengirola but not on the coast.
Looked on Rightmove but prices seem all over the place.
I can either get the digital nomad or NLV. Will decide based on money.
Budget £300-350,000 max. Not sure but I’m thinking small detached villa or townhouse but really would like a small private pool.
Any suggestions or advice would be greatly appreciated.
Have a look at Mijas (the town - not the cala) or Cabopina PlayaLooked on Rightmove but prices seem all over the place.
I can either get the digital nomad or NLV. Will decide based on money.
Budget £300-350,000 max. Not sure but I’m thinking small detached villa or townhouse but really would like a small private pool.
Any suggestions or advice would be greatly appreciated.
Both areas lovely and Cabopina has a gorgeous small marina :-)
arfur said:
lrdisco said:
I’m planning on buying a place within the next couple of years. Probably near Fuengirola but not on the coast.
Looked on Rightmove but prices seem all over the place.
I can either get the digital nomad or NLV. Will decide based on money.
Budget £300-350,000 max. Not sure but I’m thinking small detached villa or townhouse but really would like a small private pool.
Any suggestions or advice would be greatly appreciated.
Have a look at Mijas (the town - not the cala) or Cabopina PlayaLooked on Rightmove but prices seem all over the place.
I can either get the digital nomad or NLV. Will decide based on money.
Budget £300-350,000 max. Not sure but I’m thinking small detached villa or townhouse but really would like a small private pool.
Any suggestions or advice would be greatly appreciated.
Both areas lovely and Cabopina has a gorgeous small marina :-)
Anytime you spend in countries like Spain, is an investment for your health as Chris also mentioned makes a big difference on your life style. Renting a few months looks in a year always better financially but once you own your place there you would have to visit further to look after. In my work, Spain is one of the countries we actually invest heavily for residential sector and the tenancy profiles growing annually, mostly from northern European families where they really want their kids to be exposed to more outdoors.
10 years ago, Barcelona market was more affordable maybe but now completely out of reach for many.
10 years ago, Barcelona market was more affordable maybe but now completely out of reach for many.
Kerniki said:
arfur said:
lrdisco said:
I’m planning on buying a place within the next couple of years. Probably near Fuengirola but not on the coast.
Looked on Rightmove but prices seem all over the place.
I can either get the digital nomad or NLV. Will decide based on money.
Budget £300-350,000 max. Not sure but I’m thinking small detached villa or townhouse but really would like a small private pool.
Any suggestions or advice would be greatly appreciated.
Have a look at Mijas (the town - not the cala) or Cabopina PlayaLooked on Rightmove but prices seem all over the place.
I can either get the digital nomad or NLV. Will decide based on money.
Budget £300-350,000 max. Not sure but I’m thinking small detached villa or townhouse but really would like a small private pool.
Any suggestions or advice would be greatly appreciated.
Both areas lovely and Cabopina has a gorgeous small marina :-)
I think you’ll probably need to up your budget to get a townhouse with a pool though… 300-350 is around entry for a decent 3 bd apartment. A detached property would be double that minimum.
Chris Stott said:
Kerniki said:
arfur said:
lrdisco said:
I’m planning on buying a place within the next couple of years. Probably near Fuengirola but not on the coast.
Looked on Rightmove but prices seem all over the place.
I can either get the digital nomad or NLV. Will decide based on money.
Budget £300-350,000 max. Not sure but I’m thinking small detached villa or townhouse but really would like a small private pool.
Any suggestions or advice would be greatly appreciated.
Have a look at Mijas (the town - not the cala) or Cabopina PlayaLooked on Rightmove but prices seem all over the place.
I can either get the digital nomad or NLV. Will decide based on money.
Budget £300-350,000 max. Not sure but I’m thinking small detached villa or townhouse but really would like a small private pool.
Any suggestions or advice would be greatly appreciated.
Both areas lovely and Cabopina has a gorgeous small marina :-)
I think you’ll probably need to up your budget to get a townhouse with a pool though… 300-350 is around entry for a decent 3 bd apartment. A detached property would be double that minimum.
Looking forward to hunting, think we ‘re set on a villa rather than a couple of apartments tbh.
Edited by Kerniki on Saturday 30th December 07:22
Chris Stott said:
Good luck within the search… you might find you get more for your money in Estepona as parts are good VFM.
Bit further to travel from the airport, but can always use Gib instead.
Or Duquesa ... easy to get something nice there. Basically a larger Cabopina attached to Manilva. Personally I am alwasy happy in DuquesaBit further to travel from the airport, but can always use Gib instead.
It's worth a look !
As Chris says, Gib is then an option .. even more so if you up the funds and look at Sotogrande
Kerniki said:
arfur said:
lrdisco said:
I’m planning on buying a place within the next couple of years. Probably near Fuengirola but not on the coast.
Looked on Rightmove but prices seem all over the place.
I can either get the digital nomad or NLV. Will decide based on money.
Budget £300-350,000 max. Not sure but I’m thinking small detached villa or townhouse but really would like a small private pool.
Any suggestions or advice would be greatly appreciated.
Have a look at Mijas (the town - not the cala) or Cabopina PlayaLooked on Rightmove but prices seem all over the place.
I can either get the digital nomad or NLV. Will decide based on money.
Budget £300-350,000 max. Not sure but I’m thinking small detached villa or townhouse but really would like a small private pool.
Any suggestions or advice would be greatly appreciated.
Both areas lovely and Cabopina has a gorgeous small marina :-)
arfur said:
Or Duquesa ... easy to get something nice there. Basically a larger Cabopina attached to Manilva. Personally I am alwasy happy in Duquesa
It's worth a look !
As Chris says, Gib is then an option .. even more so if you up the funds and look at Sotogrande
Some amazing properties in Sotogrande, but to me it’s a bit soulless. It's worth a look !
As Chris says, Gib is then an option .. even more so if you up the funds and look at Sotogrande
arfur said:
Chris Stott said:
Good luck within the search… you might find you get more for your money in Estepona as parts are good VFM.
Bit further to travel from the airport, but can always use Gib instead.
Or Duquesa ... easy to get something nice there. Basically a larger Cabopina attached to Manilva. Personally I am alwasy happy in DuquesaBit further to travel from the airport, but can always use Gib instead.
It's worth a look !
As Chris says, Gib is then an option .. even more so if you up the funds and look at Sotogrande
GT03ROB said:
arfur said:
Chris Stott said:
Good luck within the search… you might find you get more for your money in Estepona as parts are good VFM.
Bit further to travel from the airport, but can always use Gib instead.
Or Duquesa ... easy to get something nice there. Basically a larger Cabopina attached to Manilva. Personally I am alwasy happy in DuquesaBit further to travel from the airport, but can always use Gib instead.
It's worth a look !
As Chris says, Gib is then an option .. even more so if you up the funds and look at Sotogrande
Currently in Banus for xmas/ny - Fancied a change and not too crazy this time of year - and of course as this is PH some nice motors to view. Best one yet was the Bentley 4.5 Blower 1929 parked outside my apartment yesterday ! Attracting more attention that the hoard of angry badger lambos combined
Chris Stott said:
arfur said:
Or Duquesa ... easy to get something nice there. Basically a larger Cabopina attached to Manilva. Personally I am alwasy happy in Duquesa
It's worth a look !
As Chris says, Gib is then an option .. even more so if you up the funds and look at Sotogrande
Some amazing properties in Sotogrande, but to me it’s a bit soulless. It's worth a look !
As Chris says, Gib is then an option .. even more so if you up the funds and look at Sotogrande
Nice place to wander around - I did stay there for a week and did my boat licence there with yachting sotogrande .. That was fun :-)
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