Housing Options in Spain

Buying off-plan/new build. This type of property is purchased on the basis of seeing a development plan or show home. Payments for new build property are made in instalments, with final payment after taking possession of the finished building.

Resale Properties. The advantage of re-sales is that you can see the finished property. Moving in could be as easy as buying furniture and arriving with your luggage. It could be even easier as quite a number of re-sale Spanish properties are sold fully furnished. However, if the property requires a lot of work consider the maintenance or replacement costs. There are plenty of English speaking handymen; the local English language papers in the region have adverts. Budget realistically for the cost of ‘doing up’ a whole property.

Urbanizaciones – Simply means housing estates. Property on urbanisations are convenient, easy to purchase and you have no worries about maintenance. There is usually a communal swimming pool so you do not have the worry of pool maintenance. However, there will be community charges and there may be inflexible and restrictive community rules, so check them out before you purchase this type of property.

Villas – Detached property purpose-built holiday villas. You’ll pay more for a detached villa than for a house or equivalent size and comfort on an urbanisation.

Apartments – These are often built as holiday homes and they are easiest to rent out.

Town and village houses – Small inland towns and villages have a lot of property for sale but these usually have limited outside space. The size of this type of property can be quite deceptive and older houses may require new work with regard to plumbing and wiring.

Fincas – A plot of land in the countryside (el campo). Spanish property advertised as fincas can range from tumble-down farmhouses to lavish modern villas. Fincas generally come with a large area of land, which may include olive groves and fruit orchards. This is a very popular type of property in Spain.

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