Buying Your First House in Spain

Malaga Living

These are just some of the few things to think about when moving to Spain. King Estates is here to help you through the buying process.

Moving to Spain can be an exciting prospect but there are various things that you need to organise before you move to the country. After Brexit, some things have changed due to Brexit, meaning that what may have been a rule before, is different now. Spain is still one of the most popular destinations for ex-pats. In this blog post, we will discuss some of the things you will need to know before buying or renting your first home in Spain. 

Buying Property

The homeownership percentage in Spain is 78% which is higher than any other country in the EU. A large percentage of property owned in Spain is from foreign investment, which includes British ex-pats. There is a large range of properties available to buy in Spain, particularly in the Costa Del Sol. King Estates has some amazing properties in the Costa Del Sol including, Mijas, Marbella, and Estepona. Take a look at some of our properties *here*, we have plenty to suit anyone! 

Renting Properties

If you would prefer to rent a property in Spain as opposed to buying a home, the rental market in Spain is very similar to the UK. You should, however, always check your rights as a tenant before making your decision. King Estates also has a wide variety of properties to rent in the Costa Del Sol area, you can see all of the villas, apartments, and homes we have available to rent here.

Cost of Living 

The cost of living in Spain is much lower than in other countries in the EU, including the UK. On the Numbeo website, where they compared the cost of living in Spain and the UK, an example of this is that a monthly train ticket in Spain costs €34, whereas in the UK it is substantially higher. There are many factors that affect the cost of living such as wages but generally, this is much lower in comparison to other EU countries. If you are moving to Spain, you may be financially better off. 

Public Transport

If you are deciding to commute when in Spain or looking to utilise the public transport, you will find that it is of a higher standard than you are perhaps used to in the UK. Most places in the Costa Del Sol offer a bus service that runs all across the Costa Del Sol, so you are easily able to hop on and off to visit various towns in the region. Other public transport services include the metro which operates across two lines and the train service which provides national and international routes. 

These are just some of the few things to think about when moving to Spain. King Estates is here to help you through the buying process. Did you know that we can collect you from the airport and take you to view a property? Take a look at some of the great homes we have available on our website here and contact our helpful team of local experts, we are here to help you through the entire process.