Get to know the area thoroughly
The first part of the buying process is to do as much research as possible before coming
over to the Costa Blanca to look for property.
Buy the area first
Make sure you base your research of the area you are interested in
- On price
- Access
- Health issues
- Suitability for renting etc.
Whether you are looking for a holiday home, making a permanent move or for
investment purposes, you can never have enough information about your chosen location.
New or Resale?
There are pros and cons for both property types, take a look at everything that is
available and then make the choice that best suits your requirements.
Many estate agents will try and push you towards new property, especially off plan
mainly because they make larger commissions from this type of sale.
If you are planning to buy a resale property we have a solution that removes the 7% purchase tax and
saves the seller the 3% withholding tax.
For more information on how to protect yourself and your investment from these taxes please
click here.
Are you buying for owner occupation or to let?
Make sure you know what you want the property for, do not be lead by Estate Agents
trying to steer you in the wrong direction.
Renting is a business like any other. It needs careful planning, cash flow management, risk
assessment and just basic common sense.
It needs to be approached with caution, and
marketed like any other business: renters don't just find you on the Web.
Make sure you can cover any mortgage payments in case you’re unable to rent out the property.
Do not rely on rental income alone.
Consider renting in the area before you buy
This is a good idea, If you are buying to live, especially in retirement.
Avoid buying your perfect property in the wrong location, try before you buy, get to know the area
first and then decide where you want to live.
For most people renting could be a less stressful option than buying, it will also give you more
time to do your research and make sure the area is right for you.
What is the best way to find properties on the Costa Blanca?
