Holiday home

Coastal and beach destinations are steadily becoming the main markets for purchasing a second home in Spain. In addition, with the economic recovery from the financial crisis, the demand for new construction in these areas is picking up again, according to a study by Aedas Homes.

The number of houses bought by non-Spanish people in Spain exceeded 60,800 in 2017, breaking the record set 10 years ago, according to official statistics. The drop in the number of purchases by Brits thanks to the Brexit effect was offset by Germans, French and Belgians.

The island of Tenerife in the Canary Islands has long been one of the most popular destinations in Europe for many people to go on holiday, with plenty of organised entertainment, all-inclusive hotels and gorgeous beaches.

Until now, owners of holiday rental properties have been able to enjoy a 60% reduction in their income tax rate.

The number of ex-pats buying properties in Spain has shot up in recent years and businesses catering to their needs have recovered well from the crisis that hit the rest of the real estate business in 2008.

There’s always loads of legal stuff involved in buying any property, but as a foreigner in Spain you’ll have extra paperwork to do.

Living in an urbanización or private estate formed of apartments, houses or villas is common practice in Spain, and recommendable for various reasons: With facilities like swimming pools and tennis courts, communal gardens and play areas for the kids, you’ll have everything you need right on your

Seems like the whole world and his dog are looking for a property in the Mediterranean, if they haven’t bought one already. So what’s the big deal?

So you’ve decided to buy property in Spain. Now what? What with everything being in Spanish and the property market being so different, it can be quite daunting for first-time expat buyers. Fear not!