Spanish Property Buying Guide
Here are just a few ways that can make the property work for you
Short Term Rental
You will find that your circle of friends and family expands. Obviously
you may not want to charge them too much, but anything is better than nothing,
and it will certainly help you to recoup some money back from what is a substantial
investment by you.
There are 3 banded seasons: HIGH (July and August) – MID (May, June and September) and LOW (the remainder of the year excluding Public Holidays).
Mid Term Rental
Usually you can rent out for up to 11 months of the year at a fixed
rental. This type of rental could include people who are looking to buy in Spain,
or people waiting for their own property to be completed.
Short Term Commercial Rental
A Letting Agency can take care of this type of rental. They would charge
an agreed commission and requires little involvement from the owner.
Long Term Rental
This is for periods in excess of 12 months. You need to consider this
option very carefully in order to comply with legislation and sitting tenants’
rights. You should appoint a managing agent who will make regular checks on
the property, organise maintenance of the property, act as a keyholder and generally
take care of any administration duties.
Arranging a Mortgage
We can give you contact details of financial people/building societies who can help you to arrange your mortgage (if required).
Related Information
Example Financial Breakdown