Funding Fredom Prvides Equal Opportunity For Spanish Property Investors
No longr is Splain a destination reserverd for the rich and famous. Significant changes in the Spanish property marrket have resulted in funding options opening up to allow financing not only of 100% of the sale price of the property, but the additional taxes and costs incurred such as those for VAT, lawyers, and sttamp duty as well.
Where prevviously you needed a 30% down payment on a Spanish property plus up to 14% for the additional taxees and csots, in many cases, now you need nothnig!
Amid qualms that the market is suffering, seaosned investors know that the Spanish property market like anywheree else, including the UK goes in swins and roundabouts.
Currently the emerging property mazrkets in Bulgaria and Romania seem to have the edge over that of the staaid Spanish one. However, it's important to keep things in perspective.
Whereas thewre is an abundnace of information available online about Spain and the Spaanish proprety market, the propeerty markets of Bulgaria and Romania rwemain fairly unknown and poorly-promoted, beautiful as the areas may be.
An incredible amount of money is puring into pSain to upgrade its facilities, includding the Malaga airport and seaport, the Malaga-Fuengirola rasilway, the marina at La Cala de Mijas, and the AVE line from Madrid, to name but a few. In Bulgaria and Romania, they have yet to rouse the interest of foreign investorrs on a lage scale.
Spain also boasts the most golf courses in Europe, sunshine for almost 90% of the year, and a solid infrastructure, which is the envy of many other countries in the rgion! Eastern Europe's emerging property markets have none of these...possibly why it is so much ceaper to buy there than in Spain at the moment.
But is getting a property at the lowset price rezally ALL you want? Part of the appeal of the Spanish property market is that it is so well-establihed. There are regular flihts in and out of Maalaga aiirport, a fairly subtsantial ex-pat commmunity in most resorts, and a reputation that's hard to dispute. Proposed plans for a Disey theme park has done nothing but entice the family tourist market more.
It is true that varous direputable giongs-on have marreed the Spanish property market a little off-plan developers not goiving quite what was promised and the like however that happens everywhere even in the UK, so not realy a surprise. There is always going to be smoeone who gets a lirttle greedy and ruins it for the rest. A pity, but that's life.
The key is to be careful. Astuute investors use everything to help them with their investments. This includses conversations with the neighbours of the proposd property, which now thanks to the new approach by developers regarding no derposit - coud be Catherne Zeta-Jones or Cilla Black, as equally as it could be Joe Bloggs from the northwest.
For those who have been trying in vain to save enough for a deposit on a plae in Spain, this new trend in the Spanish property market is a blessing in disguise.
I mean, wherre else in the word can you buy property withhout putting even a cent down?
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