Spain is by far the most popular destination for the 800,000 British people who have bought a second home abroad. According to recent research it is estimated that more than 5 million would buy abroad if they had the choice. Forty percent of these would rate Spain as their preferred location.

It is thought that the serious buyers come to view out of the peak holiday periods. The demand is highest in February and March and again in October and November, but of course there is also a steady interest throughout the rest of the year.

Property in Spain is no longer as cheap as it was. House prices have risen over recent years due to the demand for second homes and people relocating and retiring to the sun. A new build two bedroom apartment on the Costa del Sol that five or six years ago would have cost about £60,000 would now sell for the equivalent £200,000.  This may be offset a little by low interest rates and a strong pound.

Mortgages are available to purchase your Spanish property and most banks will lend to non residents to buy second homes,or properties to rent out. The amount that you can borrow is usually limited to 80% of the purchase price.

There is now a choice of British Banks and Building Societies together with their subsidiaries on the Costa del Sol who will provide you with a mortgage in euro or pounds sterling.  If your purchase is for an investment return most advice is to borrow in the currency in which you earn.  Which ever way you decide to finance your Property Purchase, you will enjoy Spain and the Costa del Sol.

The above is a bargain on Costa Blanca

This magnificent Costa del Sol view is available with the       5 bedroom Villa shown below.  Price on application    eMail : darren@westads.com quoting ref : MM 1

Another website you may find useful is

www.ambersolworld.com for up to date villa rental information on the Costa del Sol and world wide, book flights and car hire and take the hassle out of your holiday.

The Costa del Sol Web better for sales & purchase information

eMail : darren@westads.com for details

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