Spanish Mortgages Widen Your Horizons

Spanish Mortgages Widen Your Horizons



Spanish Mortgages - Widen Your Horizons
Ever dreamed of​ running away to​ live in​ the​ sun? Whereas people used to​ aspire to​ a​ second home in​ a​ seaside resort,​ thousands are now looking further afield to​ find their dream lifestyle.
It’s a​ seductive image – sunny weather,​ relatively cheap property,​ and with low-cost flights running several direct flights a​ day from the​ UK and easy to​ get to​ .​
You may want to​ retire to​ the​ Med,​ or​ you​ may want a​ holiday home with sunshine virtually guaranteed .​
Either way,​ the​ market in​ overseas property has gone ballistic in​ recent years and there are now dedicated companies to​ help you​ find your own Spanish casa.
Where to​ Go
The most popular destinations for Brits are in​ the​ south of​ Spain – the​ climate and easy access to​ the​ beach are great attractions,​ and many people have fallen in​ love with the​ Costas while on​ holiday .​
But there’s a​ lot more to​ Spain than the​ south – which some people might find too crowded or​ too hot in​ the​ summer months.
While the​ Atlantic coast is​ colder,​ you​ may want to​ consider the​ Balearic Islands or​ the​ Canaries .​
Some online estate agents specialise in​ a​ particular region .​
You should think about what you​ want when considering the​ location – town or​ country,​ how close to​ the​ coast you​ want,​ transport for getting to​ and from the​ property,​ whether there’s enough of​ an​ entertainment scene for you​ .​
If you​ are intending to​ retire to​ the​ property,​ will you​ want a​ city flat with nightclubs nearby,​ or​ a​ peaceful hideaway with no neighbours?
What to​ Look For
You have several choices – everything from buying a​ finca (a plot of​ land or​ a​ property with land in​ a​ rural location outside town,​ usually inland),​ to​ an​ ‘Urbanizacione’ – a​ housing estate,​ often with beach frontage .​
Buying a​ home to​ renovate is​ a​ popular dream,​ although it​ may actually be cheaper to​ have a​ new home built than to​ fix up an​ old one .​
There’s been such a​ demand for property in​ Spain that in​ some areas people are buying houses ‘off-plan’ – or​ before they have been built .​
You can see plans or​ a​ show home,​ choose your location and have a​ say in​ the​ design of​ the​ house .​
This is​ often a​ cheaper way to​ buy,​ paying in​ instalments with an​ initial deposit .​
Villas are detached houses,​ built especially for holidaymakers .​
These are usually more expensive than other houses.




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