Buying to Let in Spain

As people continue to look for long term viable investment opportunities with high returns, the property market remains one of the most attractive options. The growth in buying overseas property for either investment purposes or as a second home is steadily increasing as other more traditional investment methods offer lower interest rates and returns.

The satisfaction of owning a property in the sun whilst making money is highly desirable and despite newcomers to the market, Spain remains one of the most popular overseas locations.

In general terms, Spain offers numerous advantages to the investors looking at the buy-to-let market.

• A wonderful climate
• Improved quality of life
• Fellow Europeans have the right to reside in Spain as part of the EU
• Low interest rates combined with continuing low inflation
• Increasing availability of budget flights
• One of the most popular overseas holiday destinations for British Tourists with over 14 million visitors during 2009 and 600,000 Britons now live in Spain permanently.

These factors contribute to a buoyant property market offering immense opportunities for home-owners to let their property on either a long term or short term basis.

Tremendous growth in the popularity of golf as a pastime and with over 60 golf courses in the South of Spain alone suggests a perfect match for the would-be investor. Cheaper flights mean that golfers can spend a five-day weekend blissfully playing golf in the wonderful sunshine and uninterrupted greenbelt views. Part of the appeal of investing in property located next to a golf course is the fact that golfers can play almost all year round in Spain and so investors can rent out their property for far longer than the traditional summer season. It is worth investigating if any of the golfing communities have their own management company through which investors can let out their property. This is fairly common nowadays and allows investors to remain as hands off as they like whilst earning good returns from weekly rental income.

The Key to Success

A key to successful purchase and subsequent letting is employing the services of a professional and experienced property agent. Walk down any street within the Costa del Sol and you are likely to find numerous estate agencies offering their wares, the challenge is however finding the real professional. One such professional company with over twenty years experience and a strong reputation for excellent client service is CAMPOMAR. CAMPOMAR has built our reputation by providing more than just a simple house hunting service, offering a comprehensive services from legal and financial advise including mortgage facilities and property taxes advice. Services also include letting management and residency regulations to advise and assist with general administration such as water and electricity connections.

Camopmar have built a strong database of satisfied clients who continue to use CAMPOMAR as they expand or change their property portfolio. CAMPOMAR is responsible for managing a large portfolio of rental properties bringing in over 1,200,000€ for our clients. When buying-to-let investors need a tailored service to suit their specific requirements and CAMPOMAR begin the working relationship by ensuring through detailed discussions that we have an in depth understanding of our clients requirements and their budget. Based on our experience CAMPOMAR advise clients that they can expect between 5% - 8% returns on their investment and will let their property for on average 11 months of the year.