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4 tips if you choose to invest in Spanish property!

You should take certain aspects into account when you have decided to invest in the Spanish real estate sector to make sure that it is a good investment. Buying a property to rent is not an easy task, as the vice chief of the Alfa Inmobiliaria network, Jesús Duque, states. If you do not make a wise choice of your investment, it may take time to sell the property if it is not attractive to potential buyers or if there is an economic crisis. That is why it is important that the property is in good condition and that running costs are taken into account. qatar real estate

To help you determine whether the property you want to buy is a suitable investment, the Alfa Inmobiliaria network recommends:

Ensure that the property is in good health. It is not excessively problematic to paint a wall or unlock a toilet. But "if this is severely deteriorated and you face frequent repair costs, or if a complete renovation is required, it will be important to check the numbers so that the investment is profitable in the short or medium term," says Duque.

Take into account any fixed costs, such as those derived from the community of owners ("community"), the home property tax on IBIs and other taxes, a possible non-payment by the tenant, possible additional community charges ("derrama"), etc. All matters when it comes to evaluating a property's profitability.

Choose a good place. If you want to always occupy your home, choose a property that can meet the needs of a broad public regardless of your own personal tastes and needs. Select an apartment with two bedrooms, schools and shopping areas in the vicinity, good infrastructure, public transport, restaurants, etc. "We never recommend that a first-time investor bet on new, unconsolidated neighborhoods, which can take years to demand," adds Alfa Inmobiliaria manager.

Find out the actual price you can rent it at. The most common way to rate a home is to seek the price of other similar properties in the area.

Our weekly house is a modern house on the Costa Blanca, in La Veleta, a quiet residential district in Torrevieja, Alicante. This area is famous for its sunny climate, long sandy beaches and walks, which invite you to walk by the sea after a day.

There are many shopping centers within walking distance, including Habaneras (5 km) or La Zenia boulevard (6 km), golf courses and sport centers and international Alicante (35 km) and Murcia airports (43 km).

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