A frequent request we receive here at Pennick Blackwell is “Should I buy an investment property in Spain?”
The question is an easy one to answer if you know what you are looking for! With our Financial and Property experts, we can sit down with you to discuss the pros and cons of buying an investment property and help you look at the reasons you are doing it. Of course, we can then find you that property that you are looking for.
Not only do we have dedicated Estate Agents and Financial Planners, but with our combined experience in the Spanish market we can help you in every aspect of buying a property to rent out for a long term income. We also work closely with various registered Notaries, Architects and Lawyers to ensure all is in order before and after you buy.
Furthermore, we can offer you a property management solution so if you do not live in Spain, we can keep an eye on your investment, handle any issues that arise and keep you posted to any developments. With our strategic partnership with Liberty Seguros, we can make sure that what you buy is secured and protected.
Through our experience in the sector, we can also help you to decide how you want to run an investment property. Do you want to run it with rapid turnover of occupancy or a long term rental? If you are looking for a property that will be desirable for the holiday market and rent it on a weekly basis, have you considered what to do in the non-peak times of the year?
If you are looking at the long term market, are you prepared to meet the added payments that a tenant will not cover? Community fees, rubbish charges, damages and replacements to the fixtures and fittings?
Property rental can be a very, very lucrative venture if you approach it in the right way and you are fully informed from the off. If you know what you are getting into and get the right management team to monitor it for you, then a healthy profit is what you can hope to achieve.
If you are interested in either buying a property to rent, or moving to Spain and want a new home in the sun, contact us for a no obligation, free chat to see how well it can work for you.
Prepare with Pennick Blackwell and minimise the risks to your money (and health!)