THE BLOG

Now Is the Time to Buy a Holiday Home In Spain

29/02/2016 12:47 GMT | Updated 27/02/2017 10:12 GMT

As the British winter rages on, it's natural that thoughts start to turn to sun, sea and sand. The laid-back lifestyle on offer in Spain has always appealed to Brits, but it's fair to say the property market there has had its fair share of problems.

British buyers investing in Spanish property were among those who had their fingers burned during the economic downturn, but things are now back on the up in the Spanish market, with great bargains and high rental yields on offer to savvy buyers looking for a place in the sun.

There are many reasons why Spain has returned to the top of the list for British home buyers and investors over the last twelve months. Here's some of the best.

Climate

Spain is the perfect place to rid yourself of those winter blues, with over 300 days of sun each year. If you're looking for a relaxed pace of life away from the hustle and bustle, look no further.

Tip: Do your research before you pick a location. The north and north west of Spain can see substantial rainfall, while the southern regions have a great winter climate but can be incredibly hot in the summer.

Cost

Despite the recent upturn, house prices in Spain remain well below their 2007 peak, with bargains to be found both on the coast and in the cities. The cost of living is also considerably less than in England.

Tip: Always visit potential properties yourself and consider using a local estate agent to learn about the different types of property available in your chosen area.

Transport

With great value, regular flights from across the UK, Spain remains the most accessible place to buy a home overseas.

Tip: Areas that are easily accessible to UK visitors can offer better rental yields during the busiest periods. If you are looking for a long-term buy-to-let investment, you'll need to factor in other expenditure such as management costs.

Community

Spain is a diverse country with lots of different types of location to choose from. So whether you're looking for an authentic Spanish experience or prefer to be part of a friendly expat community, you're sure to find something that's right up your street.

Tip: Spend some time staying in your desired area to get a first-hand experience of the local community and culture. Always think carefully before jumping in - buying a house can be an emotional process, so it helps to take a step back to consider your options.

Ease of purchase

Buying in Spain is easier than in many other countries, with mortgages more readily available and a system that encourages overseas purchasers. As with buying any home, you'll should always do plenty of research and consider the additional costs.

Tip: Always seek independent mortgage advice before rushing in to anything, and never feel pressured by the sales tactics of eager agents who are working on behalf of the seller.

You can find more insider tips on buying a holiday home in Spain by checking out the blog at www.letsbuyinspain.com