One way to earn money is to invest in Spanish real estate. The value of real estate in Spain is expected to appreciate, especially if the property is located in high-traffic and developed areas. Tourist spots and holiday destinations are some examples. In a few years' time, the money you invest in Spanish real estate may even be doubled if you play your cards right.
Instead of keeping your money in a bank, it is better to invest it with high likelihood of future returns. Investing doesn't only help your personal finances. It also stimulates the economy and helps relieve the recession.
Here are 10 tips that will help you earn more when you invest in real estate in Spain:
If you see high-quality real estate on sale in the Spanish real estate market, don't let it pass. Don't keep on waiting for a better opportunity. Make decisions quickly but with foresight and research.
According to educated speculations, expect property prices for Spanish real estate to go up again in 2011 and at most in 2020. Now is a good time to decide to buy.
You should consider buying unfinished properties. The price is not as high as finished projects and you can complete it according to your specifications, if you have something better in mind.
Invest in golf property. Top real estate buyers are always looking for this type of property, which means that you will not find it difficult to sell again with interest.
Other fast-selling investments are Spanish villas near tourist destinations and yacht harbours.
It's better to buy second-hand property in an expensive but quality resort than to buy a newly built one in a cheap neighbourhood. You might need to shell out extra cash for repairs and new fixtures for a second-hand property, but you know that the price will not depreciate due to its good location.
Buy only properties that have good views and relaxing surroundings. Future buyers will be more encouraged to buy it, compared with property located in a shady neighbourhood.
Don't buy immediately just because the price is low and you think that it will rise in the future. Evaluate your options first and consult with the experts. The price is not the only determinant in making a good investment.
Never buy property if it's within 500 yards of the seashore because in some places there is a limit set by law. Also, house or land too near the beach may be washed away by the waves during high tide or a storm.
If you're buying a small property such as a villa or an apartment, it isoften better to pay in cash. In this case, taking out a loan, however small, is not justified because of the high interest you will need to pay later on.
Guy Marrison runs Marrison Properties, a Marbella based Property Company specialising in Real Estate in Marbella.
Visit the Marrison Properties web site for more information about the Marbella Property Market
Article Source: http://EzineArticles.com/?expert=Guy_Marrison
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