Owning a luxury home is dream comes true for most of us.
A luxury home is one that has all the comforts making life ideal.  But, before you make your first move, give some serious though before investing huge amount of money.
For example, before buying your luxury villa, you need some extra consideration.
Each region of Spain has many of options. For example, Costa Brava, Costa del sol, Costa blanca, Costa Almeria, Costa Calida etc have luxury villas to suit different budgets and different needs.So make up a lsit of the pros and cons of each to help focus your decision making.

Spanish villas are usually located in rural, semi-rural or urban locations, and also close to luxurious facilities.For example  your bedroom villa could be close to hospitals, banks, restaurants etc.

The online presence of the top operators has made the entire process easier for you to work through your wish list. Such companies don’t only offer you good suggestions, but also help you buy the property, i.e. luxury villas at agreeable price. These companies are well connected to many of estate agents, developers, lawyers, and property specialists making the entire deal much easier.

You may not have thought of Spain as a place to by your gold property. Perhaps you were thinking of Florida or California or a former USSR country.
If so, imagine Florida without the hurricanes or California without the earthquakes, and you get the beautiful Spanish countryside. The Med offers the same weather as Florida or California.

But mild weather is only 1 reason why people are so keen on golf property in Spain – the 2nd is the situation of new golf and leisure resorts currently under construction in a quieter regions of southern Europe -the South coast of Spain.

The new golf resorts being buitl here have homes built around the permieters of the courses. Some of the most expensive luxury homes in the area.

Theases are currently making Spain atop contender for a beautiful 2nd home, or simply investing in a buy-to-let and have the mortgage pay for itself.
Luxury homes located on golf resorts are selling at much higher premiums.
You may think of buying a golf property in Murcia Spain on private land just as luxurious, but bear in mind the value of homes located on the golf resorts themselves are increasing at a faster than private homes in the countryside.

Buying cheap property in Spain is different to buying in the UK.
The extra costs involved can suprise you if you don’t know what’s involved in the purchase. Here are the extra costs that you are likely to have to pay:

- IVA (= VAT) for the buyer – 6% on resale properties, 7% on new builds.
- 1 % to 2% for stamp duty
- Registration fee (300 euros )
- Notary fees and legal costs

As a rough guide add 10% to the cost of the property you are buying.

So you have costs of up to 10% of the property value before you have even bought and signed for. If you are planning to invest in property in Spain or find cheap property – then this will be a large sum you have to take into account.

In the early days of the property boom in Spain, Real Estate operators dictated the market prices and commissions and were able to gain from buyers desperate to buy a house in Spain – properties were being snapped up very quickly and builders simply couldn’t keep apace with the demand.
Nowadays things have changed and the market is saturated with many empty resale properties on the market.

So you should expect to see commissions of up to 10 or 15% on new builds with the same for Estate agents dealing in second hand properties.

You want to save money and buy a cheap property in Spain?

Here is what you need to do.
Add the costs and taxes for your property to the commission that the Estate agent asks and you have a large sum.

A valid question for a business person would be :
What if I can cut out the agent?
What you could do is go directly to the owner and deal directly to negotiate the price.

Buying resale property in Spain is different to what you are used to in the UK and can be full of danger.

Here are a few summary tips:

1. Agree your short and long term aims with all those involved in the buy
2. Agree your area and amount to spend
3. Agree what will be your financing requirements
4. Find a good lawyer, find out about Spanish inheritance and capital gains tax
implications
5. Find an estate agent
6. Start looking for a property
7. You need to agree with everyone what your objectives are.
8. Finalise the amount and sourcing of the mortgage (most foreigner people can only get 70% on a Spanish Property and in reality most offers are at 50%)

Estate Agents.
The main difference in the real estate market in Spain is that anybody with the right
amount of money can take out a license to sell property . You don’t need
qualifications or experience.

There are thousands of Spanish Estate Agents and there is no regulation of what they do.
So you have no one to help you with a problem other than a lawyer and by then it
may be too late. So choose an experienced agent who is a member of GIFE or API
who are the recognized professional associations.

Countryside Property
Most legal and planning problems appear when buying a Spanish property off the
beaten track. If you are looking for an old ruin or a plot of land, ask your agent to
show you only those that are 100% legal. You just don’t want to be wrapped up in
buying an illegal Spanish Property. It could take you take months and you could lose
a lot of money.

Check with your Lawyer.
Until your legal representative is 100% sure of the answers to all your questions and checks, you should not sign a sales contract or pay any deposit.

Buyer Beware.
As you complete the process of Buying a Property in Spain it is very different from
what you are used to it is far more important to learn about the procedures
beforehand, “Buyer Beware” is a citizen’s responsibility in Spain and unfortunately
ignorance is no defence.