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Tips for buying property on the Costa Blanca in 2017
With the Spanish housing market in full normalization and with the mortgage faucet open, 2017 aims to be a positive year for housing.
Are you thinking of buying a home on the Costa Blanca in 2017? Things are much better than years ago. The current moment allows us to have room to handle both to be able to choose different types of housing, and to access financing conditions that virtually disappeared from the map during the economic crisis.
If you are buying a home in 2017, we recommend the following.
1. Take into account the houses with the greatest capacity to be revalued.
Regardless of whether the housing is intended for investment, we must analyse the prospects for growth and revaluation of the area and property. We are in a moment in which the investment in housing is the most profitable of how many can be done, but it is worth analysing if this profitability can be greater.
2. Choose the mortgage that suits you best.
The current situation offers favourable mortgage conditions for the buyer. Take them.
3. Remember that the monthly mortgage payment must not exceed 30% of the household's net income.
Although expanding the search field in higher priced properties will make us find better options at all levels, we must be careful not to borrow in an amount that we cannot pay.
4. Choose well if you prefer new build, resale or a property to reform.
The use of each dwelling will answer this question. A new home will serve us if we want to live or spend a lot of time in it, while a renovated home may be ideal for a beach property that we want to make a profit through rental.
5. Consider the location before buying.
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.
Compare Properties Spain, houses for sale in Javea, Spain.
Compare Properties Spain is your real estate agent in Javea, on the Costa Blanca North. Our experience and knowledge of the area, gives us the ability to offer an expert service, helping you through the complexities of the purchase process in Spain.
Our services cover all your needs before and after the purchase of your new home. Legal assistance and mortgages, foreign exchange services, insurance (health, life, home or car) and maintenance, rehabilitation and construction are some of the services we provide.