Choosing the Right Property Type for Holiday Home, Permanent Living or Investment
CHOOSING THE RIGHT PROPERTY TYPE FOR YOUR REQUIREMENTS -
Holiday Home or Permanent Living? - The requirements are totally different
Holiday Home - essential requirements to look for:
- Near airport – you will want to be able make weekend visits
- Close to Beach / Golf – or favourite activities
- Easy reach of holiday entertainments - water park for kids etc
- Easy to maintain – or better still maintenance free
- Secure – Peace of mind
- Option for rental income - or cover mortgage payments perhaps
If you will never rent it out or do not have young children then you may prefer to be further from the busy beaches.
Permanent Residence – key requirements to consider:
- Amenities & services need to be open all year round
- Less need to be close to airport
- Consider regions with the best winter climate
- Being away from the tourist crowds can offer a more relaxing lifestyle
- Small towns/villages usually offer better value properties
- Real Spain has cheaper and better restaurants, markets and great fiestas
- Which is the best Visa for you?
Investment – Rental income, Capital gain or both?
Rental Income – Holiday lettings or Long term rental?
- Will I need a tourist license?
- Employing letting agent and cleaners and gardeners etc
- Location will affect the price and the length of the letting season
- Holiday lettings have advantages over long term rentals
Capital Gain –
- Off-Plan new builds offer the best capital gains
- Large urbanisations offer least capital gains
