Choosing a property in Spain after selling a house in your native country: what options does the foreign buyer have?

Choosing a property in Spain after selling a house in your native country: what options does the foreign buyer have?

Against the background of the difficult political and economic situation in the country, more and more foreign nationals from Germany are deciding to sell their home and move abroad. And many people prefer Spain, a sunny place that attracts expats with its coastal areas and peaceful villages. The mild climate, relatively inexpensive housing and well-developed social infrastructure make it an ideal place for emigration. A significant part of the real estate market offers is suitable for the budget of foreign citizens, which was created thanks to the money received from the sale of their homes. We will analyze below what type of real estate in Spain they can afford.


How is the value of real estate formed?

As in most countries, the value of foreign real estate, for instance, in Germany, is influenced by the following factors:

  1. Proximity to the central part of the city. It does not matter in which part of the country a residential unit is located, in a megalopolis or a provincial town, the key criterion that determines its cost is proximity to the center. The closer the property is to the central part of the city, the higher its price is.
  2. The view from the windows. This factor depends on the city. For example, in coastal areas, the most expensive properties offer a sea view, in tourist areas – a view of the sights and aesthetic architecture.
  3. Nearby social infrastructure. The more developed the infrastructure of the area in which the property is located, the higher its cost is. Real estate is in great demand near kindergartens and educational institutions, public transport stops and metro stations, parks, banking and post offices, shops, restaurants and entertainment venues.
  4. Condition. The price of a house is also affected by its condition, for example, whether it has a new renovation or not. A well-maintained house always costs more.
  5. Year of construction. The cost of secondary real estate is usually lower than the cost of new buildings. The newer the property is, the more expensive it is.
  6. Area. And, of course, the most obvious factor is the area of the property. The larger the area is, the higher the cost is.

This is about how prices for houses in Spain are created. For example, the most expensive real estate is available in the central areas of megacities, such as Madrid and Barcelona, as well as in coastal tourist destinations, such as Ibiza and Costa Brava.

Choosing a property in Spain after selling a house in your native country: what options does the foreign buyer have?

Which cities in Spain should German emigrants pay attention to?

It is impossible to answer this question precisely, because everything depends on the expectations of a person. If he leads a measured, calm lifestyle, he may choose resorts. On the contrary, families with children prefer coastal areas with their mild health-improving climate. The choice of the city is also influenced by the type of activity of an expat (student, businessman, qualified specialist looking for a job, etc.). The economic component also plays an important role. In other words, the budget.

Here are some popular Spanish cities that are popular with German expats:

  • Barcelona;
  • Tarragona;
  • Valencia;
  • Alicante;
  • Torrevieja;
  • Malaga;
  • Marbella.

Real estate worth up to €100,000

Buyers of real estate with a limited budget of €100,000 should take a closer look at Torrevieja. In the city, you can find a lot of high-quality 1-2bedroom apartments for €50,000-60,000. To the south, there is La Senia, a popular resort with apartments for about €80,000.

Costa Calida in Murcia is another of the cheapest places in Spain to buy real estate. The coast consists of modest villages with a measured and peaceful lifestyle. Prices for local properties vary between €40,000-€70,000.

Moreover, buyers with a limited budget can take a closer look at the apartments confiscated by the bank. At such Polaris World golf resorts as La Torre, El Valle and Hacienda Riquelme, their average cost is €60,000.

Inexpensive Spanish real estate worth up to €100,000 can be found near Aguilas and in Almeria. Some of the cheapest properties in the country are located in numerous villages in Valencia and Andalusia. The small town of Coin, popular with emigrants, is located just a 30-minute drive from Malaga at the foot of the Sierra de Mijas Mountains. Here, you can find a 4-bedroom townhouse for less than €100,000. And in the small town of Olvera, you can purchase a property at an even better price – for only €40,000.

Real estate for over €150,000

The Costa del Sol is one of the most popular regions in Spain. Local real estate is in great demand due to the beautiful sandy beaches, a variety of luxury bars, gourmet restaurants, golf courses and shops, as well as 320 sunny days a year. Unlike other hot spots in the country, the Costa del Sol has become popular recently, so middle-class people who have at least €150,000 can find excellent options here.

Special attention should be paid to Malaga, a large and popular city that occupies a prominent place in the heart of the coast. There are many overseas expats living here. The cost of local real estate can vary between €150,000-€600,000.

Choosing a property in Spain after selling a house in your native country: what options does the foreign buyer have?

Where is the most expensive property for sale in Spain?

In the ranking of Spanish locations with the most expensive real estate, the leaders are:

  1. Calle Sant Carles in Costa d'en Blanes (Calvia, Majorca). The average house price is €7,043,750.
  2. Coto Zagaleta in the village of Benahavís (Malaga province). The average house price is €7,042,462.
  3. Mozart Street in Marbella. The average house price is €5.9 million.
  4. Cascada de Camoján estate in Marbella. The average house price is €5.4 million.
  5. Paseo de los Lagos, Madrid. The average house price is €5.2 million.

Assistance in purchasing real estate in Spain

A wide range of residential and commercial real estate in the best regions of Spain is available on the official website of Spain-Real.Estate. The aggregator team consists only of highly qualified specialists with many years of experience who are ready to help their clients choose a suitable house or apartments in Spain, conclude a deal and solve after-sales service issues. Contact them today to get one step closer to buying your dream home.

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