Are you planning to buy property in Costa Blanca Spain? Well, there are several options from which you can select the one that best suits your requirements. However, before you finalize a property, it is best to consider all the important related points so that you can make an effective decision. With the help of information provided in this article, it will be easier to buy a property in Costa Blanca Spain for those who are considering it for the first time.
About Costa Blanca Spain:
Before a detailed discussion about the property, it is best to get to know about Costa Blanca Spain first. This region is divided into two different areas i.e. north and south. Both of these areas have different environment and surroundings on the basis of which they can be selected. Depending on the area, every property will be different. It should be noted here that the properties at the north side of Costa Blanca Spain have a greater value. On the other hand, properties in Costa Blanca Spain can be bought at many low prices. The reason is greater availability of the land.
However, within these areas, the range of property is different as per the surroundings. For example, the properties that are close to the coat have a higher price than the property of other areas. However, it must be noted here that normally the property around the coast usually consist of apartments in different buildings. Apart from these residential buildings, there are some of the areas that are considered as islands. This area is 2 to 10 KM away from the coast.
The area of Costa Blanca Spain is considered to one of the top ones in the list of residential tourism. As it is easily available on the coastline, the area is full of beaches and mesmerizing environment that provides the best experience for the visitors. Apart from buildings, there are villas and townhouses too.
Property in Costa Blanca Spain:
As it is explained above that Costa Blanca Spain is divided into two different parts i.e. north and south. It must be noted here that there is a huge difference between the two. When it comes to the property of south side, the climate is somewhat hot and the coast is very flat. The beaches are sandy and present in a good condition. If move towards the north side, the surroundings start to change a bit. The sight of mountains will indicate the start of inland and hills.
As shown per the studies and trends, people love to consider the north side of Costa Blanca Spain for various reasons. It has islands, hills, beaches and a great combination of greenery. The area also resembles the northern European country.
On the other hand, the south Costa Blanca Spain tends to have more of towns that are mostly situated in the center or on the beach. On the basis of these differences between north and south Costa Blanca Spain, it will be easier for you to select the best-suited area per your requirements. If you want to live in the town or in an apartment, you can consider the property of south side. On the other hand, if you want to go for the greenery and beaches, buying property on the north side will be a good idea.
Financing a home in Costa Blanca Spain:
If you have decided the property you want to buy, the next step is the consideration of options that will show the financing options. The first and the most common option is to consider paying by cash to the seller or the company. Apart from that, you cannot consider the option of the mortgage as this is something no bank will do on another country’s land. This is the reason you need to consider getting a home on a mortgage in Spain.
There are specified rules for getting a loan to buy a property. It will be provided to a person depending on the age. The amount of the loan is 70% of the property rate. This lending procedure can become simple and easy only when the borrower is able to provide a proof that they will pay back all the money within the specified time.
Who will help?
There are several people who can help you out in the procedure of buying property in Costa Blanca Spain. These people include the following:
- An agent: You can always get the help of an agent if you are planning to buy a property. With the help of their expertise, the process can become quite simplified.
- A lawyer: The next person who can help you in the completion of this process is a lawyer. They are the ones who are well aware of all the legal procedures when it comes to buying a property in Costa Blanca Spain. With their help, it will be easy to complete the process on the legal terms.
- Notary: It should be noted here no one should confuse a lawyer and a notary. They will definitely guide you about all the legal procedures but they will not perform the roles of a lawyer.
Things to avoid:
When it comes to buying property in another country, there are several points that must be taken care of. If you are planning to buy property in Costa Blanca Spain, do avoid following points:
- Fail to calculate the exact exchange or conversion rate of the property in the initial phases.
- It is always best to avoid the under-declared valuation trap. There are times when the tax calculation is much less than the actual price of the property.
- It is better to be flexible when it comes to the completion of the deal. Not being able to provide ample time to the deal can harm you.