buying an apartment in spain
Discussion
evening all. i am considering buying an apartment in spain to be used as a family bolt hole. we have 2 young kids and my wife is a teacher so we have the potential to use it a fair bit (well, they do!). im not in a position to buy outright so will need to borrow money but have a bit of cash as a deposit. does anyone have any advice in terms of property selection, legals, approx total costs as a % of sale and local support for a non spanish speaking individual? many thanks in advance.
thank you tiger!
i would need a mortgage, in answer to your question. id be looking at the bottom end of the market im afraid, something cheep and cheerful, 2 bed rooms, a small terrace and access to a shared pool.
30-40% deposit plus another chunk for fees could be prohibitive for me in the short term however. I have a family member who is a very long term spain resident, maybe 30 years or so, lived there most of his working life. to get around the high deposit scenario is it feasible for him to buy it using my cash and gift the property to me at a later date? i appreciate that this would require a high level of trust!
i would need a mortgage, in answer to your question. id be looking at the bottom end of the market im afraid, something cheep and cheerful, 2 bed rooms, a small terrace and access to a shared pool.
30-40% deposit plus another chunk for fees could be prohibitive for me in the short term however. I have a family member who is a very long term spain resident, maybe 30 years or so, lived there most of his working life. to get around the high deposit scenario is it feasible for him to buy it using my cash and gift the property to me at a later date? i appreciate that this would require a high level of trust!
tigerkoi said:
Thank you! Very kind 
My view is that if I see a thread where I can add something, and I’m going to the effort of responding, I’ll give it a proper go. I might not be always right but I’ll try to be reasoned. I too like reading threads and learning something new where people have put some energy into replying - unfortunately like you say, most of the forum these days is just full of people trying to be witty with one liners or dismissive retorts. I tend to stick to the areas where genuine enthusiasts are contributing like the Boats, Planes etc thread or ones like this where the OP is asking a good question and you know a response is worth your while! Life is short. If you’re going to do something, even something micro in the scheme of things like write on a forum, then contribute properly is my thought process.
OP - good luck in your hunt!
thanks TK. spot on contributions!My view is that if I see a thread where I can add something, and I’m going to the effort of responding, I’ll give it a proper go. I might not be always right but I’ll try to be reasoned. I too like reading threads and learning something new where people have put some energy into replying - unfortunately like you say, most of the forum these days is just full of people trying to be witty with one liners or dismissive retorts. I tend to stick to the areas where genuine enthusiasts are contributing like the Boats, Planes etc thread or ones like this where the OP is asking a good question and you know a response is worth your while! Life is short. If you’re going to do something, even something micro in the scheme of things like write on a forum, then contribute properly is my thought process.
OP - good luck in your hunt!
Gassing Station | Holidays & Travel | Top of Page | What's New | My Stuff