2017 is a great time to invest because the price of housing has bottomed out in Spain, especially in large cities and in coastal areas. In this article we give you 7 tips to keep you going.
Even if the property is not going to be used for investment, it is convenient to analyze the existing growth prospects in the different areas in which we are interested in buying. There will be more dynamic areas in which the value of our home grows more in less time.
The current situation offers favorable mortgage conditions for the buyer. It is convenient to study the different options carefully to choose the one that suits us best.
One of the main problems of the real estate bubble was that home buyers in many cases were indebted to their possibilities. To avoid this, you should try to make sure that the monthly mortgage payments in your home do not exceed 30% of your income.
If you are going to invest maybe a second hand property to reform, to rent it. However, if you go to live in it maybe it will pay you to look at a new home. The prices of these types of homes are not as high as they used to be, and by buying flat you can be sure to pay much less.
Whether it is to live or to rent, factors such as the existence of public transport, green areas, the proximity of shops or educational centers will always keep your investment up.
If these are very high, or are distributed among very few neighbors, you will incur monthly payments that will significantly increase the investment or make it less profitable.
So important is to know the market objectively before making a decision, as giving a quick response when the occasion arises. Rush, or let the occasion pass, will give the fret a good investment opportunity.
Europahus is a real estate agency located in the region of the Costa Cálida in Murcia. We have been helping people like you find the house of your dreams in Spain for 15 years. The same you are looking for properties and new work, second hand. Our close collaboration with a multitude of local real estate agents makes our catalog include all kinds of properties throughout the provinces of Murcia and Alicante.
Contact us if you are looking for the home of your dreams in Spain.