With the Spanish real estate market in full normalization process and with the open mortgage, 2017 aims to be a positive year for housing.
Even so, before starting to buy it is advisable to read these 8 tips to successfully make one of the most important investments that are usually made.
If the house is destined for investment, it is convenient to analyse the existing growth prospects in the most modern and dynamic areas of the city or the area where we want to buy it.
The current situation offers favourable mortgage conditions for the buyer. It is advisable to study carefully the mortgage market to choose what suits us best.
One of the main problems of the real estate bubble was that home buyers in many cases were indebted to their possibilities. To avoid this, you should try to make sure that what you pay monthly for your house does not exceed 30% of your income.
If you are going to invest maybe a second hand property to reform, to rent it. However, if you go to live in it maybe it will pay you to look at a new home. The prices of these types of homes are not as high as they used to be, and by buying flat you can be sure to pay much less.
Whether it is to live or to rent, factors such as the existence of public transport, green areas, the proximity of shops or educational centres will always keep your investment up.
6. Analyze in detail the expenses of the community.
If these are very high, or are distributed among very few neighbours, you will incur monthly payments that will significantly increase the investment or make it less profitable.
So important is to know the market objectively before making a decision, as giving a quick response when the occasion arises. Rush, or let the occasion pass, will give the fret a good investment opportunity.
Golf Sun Spanish Properties is a family owned real estate company founded in 1999. Our professional team has valuable experience and we are proud to be honest and trust people.
We are specialized in new build properties for sale in Spain with a great value for money. We offer both turnkey and flat properties. Take a look at our catalogue, and do not hesitate to contact us if you see any housing that catches your eye.