subject: Property Investment [print this page] There are many ways to get more from the money you have. One of the soundest investments any person can make even in today's economic climate is to buy a property. Although we have seen houses prices dropping hasn't been that major in recent months. However the likelihood of these prices increasing once the economies become a little more stable is very good.
So may be now is the time to think about investing money in a holiday home abroad, say for example on the Costa del Sol, Spain. If you do then there are certain things you must take into consideration before you do. Below we look at what some of these considerations are.
1. Location This is everything. Just as in other parts of Europe, Spain is experiencing a downward turn in their housing market. However there have been some places that have been hit harder than others. When choosing to buy property in Spain look for an area that is going to recover much more quickly once things begin to improve. Certainly the Costa del Sol is a very good place to consider.
2.Spanish Laws When it comes to buying property in Spain it is very different from the way you would in the UK. You must learn as much as you possibly can about these as they may not favour you as the buyer as much as you hoped. This is why it is important that you employ a Spanish lawyer one who speaks English to act on your behalf when making such an important investment.
3.How Will You Use Yours? This will help to determine not only the size of property you purchase but also how often it will be used. If you only intend to use it a couple of weeks then think of investing in a timeshare property such as those that are offered by Club la Costa situated in between Marbella and Fuengirola.
