Investing in rural Spanish property

As the Spanish property market slows down in general, news of a property crash has echoed around the world along with other worldwide markets such as the States. But there is still a very busy niche in Spain that has not shown any signs of halting – inland rural country properties.

 

With properties priced as little as 30,000 euros and even less, these small village properties are in huge demand and are selling by the day which is making this niche even harder to support the demand. 30,000 euros equals roughly only 20,000 British pounds sterling which in our days is next to nothing when you are talking in terms of property, the market in Spain will recover even if it does crash and properties at this price are a safe investment here in Spain.

 

Flipping houses in Spain

 

What many investors or couples whom purchase a property like this usually buy, renovate and sell – flipping houses.

 

Properties in regions such as Albacete, Murcia, Granada and Jaen which are in this price bracket will normally need some work to be able to re-market, small villages welcome the trade, local tradesmen and materials are in general cheaper to acquire so labour and construction materials in not a big worry when taking into consideration costs.

 

These properties are unique homes, they are not produced on huge scales like the massive developments that are constructed along the coasts of Spain – where all the properties look the same. No, these properties in these villages boast great character and old Spanish buildings are built to last unlike new developments on the costa’s that are built to their building budget. Most of the properties are one off properties – and are not easily available at this current time.

 

Flipping houses can be a very good business opportunity if you know what you are doing, the market that you are entering and the resources that you require. There is a lot of money to be earned doing this and we have many returning customers doing exactly this, if this is a business that you are interested in getting involved in – simply contact us and we can help you on your way.

 

Mortgaging these cheap country properties in Spain

 

Normally due to the build size of these properties, mortgages are easy to get through many of the local banks as they value quite well, we can help you or advice you where to apply for mortgages on properties that you are interested in buying.

 

Why purchase inland Spain?

 

The coastal regions of Spain have taken a bit of a knock recently and many of the coastal areas have seen property prices slump in the past year as the demand is simply not there which is not helped by the increase of new developments springing up throughout mainland Spain.

 

This has affected many home owners and seen sellers drop prices dramatically in the hope of a buyer coming along.

 

This is not the case inland as the new development sites have not affected the resale property market and many coastal residents seeking to escape the busy Spanish summers that make life hard on the coast – are looking to move further inland.

 

This is the case with all residents, Spanish, English, German and Scandinavian – so there is a huge market still for inland property and due to the popularity, properties available on the market are harder to come by and when they do come on to the market they are not around for long.

 

Fore more details of rural inland Spanish properties – do not hesitate to contact us and we will fill you in with all the information you will need.

By Spanish Country Property - July 12th 2007