Enchanting Spanish Real Estate
The real estate in Spain consists of the types of properties many people dream about buying their entire lives. Picture a sun-drenched white house with a shady courtyard, perched on top of a cliff in southern Spain. With the deep blue sea beyond and an olive grove nearby, it’s the stuff of which fantasies are made. Beaches…mountains…fabulous cities…cracking festivals. And, of course, guaranteed sunshine. It’s not surprising that southern Spain is the most popular region for Europeans seeking a second home in the sun.
Where to buy real estate in Spain
Firmly in Spain’s sunny south, between Andalusia and Valencia, Murcia is one of the country’s autonomous regions that gets overlooked in the dash elsewhere—usually farther south to the Costa del Sol or north to the Costa Blanca. Strung with beaches, its 156-mile coastline is called the Costa Calida—the warm coast. Summers can be blistering, but winters are really mild.
Murcia delivers the best of Spanish essentials: sunny summer days, pleasant winters, wine villages, tapas bars, fantastic beaches and (for Europe) relatively low living costs.
Property Sample in Murcia
In pretty Puerto de Mazarrón, close to paseo maritime (promenade), on the central seafront, a 807-square-foot apartment with terrace costs €111,630 ($146,000).
The Alhambra, Granada’s famous rose-red citadel, bears an enigmatic inscription that translates as: “Give him alms, woman. There is nothing in this life so cruel as to be blind in Granada.”
Baking under Andalusian skies, Granada taps into the emotions as well as the senses. It bridges the worlds of Islam and Christianity, meshing together Jewish and Gypsy traditions along the way. With the Sierra Nevada mountains as a backdrop, it’s difficult to envisage a more dramatic setting for a city. Or a sultan’s palace…
The Alhambra’s fortress-palace complex was built mostly in the 13th century. A $12 admission fee gives you entrance into a lost world of passion, intrigue, and tragedy. As there’s far more to Granada than a palace. It’s a city you simply must visit.
Property sample in Granada:
A two-bedroom, one-bathroom townhouse in the village of Polopos and just a short drive from the coast. Situated on the edge of the Alpujarras in the foothills of the Contraviesa, the home is ideally located between the mountains and the sea. The home also includes a roof terrace that commands excellent views over the village. Price: €77,000 ($100,710).
Buying real estate in Spain
The buying process is divided in three phases:
- Making an offer
- Entering in a private contract
The private contract should contain details of the agreed deposit payment, purchase price, and details for payment of the outstanding balance of the agreed buying price plus any additional extras and your intended completion. A notary will prepare the official contracts and make sure it complies with Spanish regulations. Any property sale or purchase in Spain should be registered in the Land Registry and it’s important to make sure any relevant taxes are paid before this is done.
There are no restrictions for foreigners buying real estate in Spain.
*Prices as of 2013.
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