The Hidden Risks of Buying Property in Spain: Why Location and Legal Clarity Matter
You’ve surely heard what is most important when choosing real estate in Spain. It doesn’t matter whether you want to buy property for permanent residence, as an investment to rent out, or something in between. In any case, the most important thing is location, location, and once again, location.
When it comes to holiday accommodation and rentals, the top priority is maximum convenience for potential clients, so that everything is within walking distance and one can enjoy beach or pool pleasures during their summer vacation. None of us knows what lies ahead in a year or five years. What I’m referring to here is a smooth and reasonable selling period. No one likes trying to sell their property for a whole year—or never managing to sell it at all.
Your Guide to Safe and Smart Property Investment in Spain
Why do some properties on the market catch the eye with their low price, or why are there entire areas where real estate is cheaper, even though they’re also by the sea, like just 50 km away? It’s worth taking a closer look at what might be the reason behind this.
Orihuela Costa versus Campasol or Mazarrón
Let’s take an example: Orihuela Costa versus Campasol or Mazarrón, which are just a short distance away as the crow flies. The town itself lies on the outskirts of Murcia, far from the airport. In the autumn of 2014, Murcia and Campasol experienced major floods, causing extensive damage. As if that wasn’t enough, even before the floods, Campasol had around 4,000 homes—mostly newly built for British buyers—that had been constructed in violation of laws, with inadequate documentation. You can read more about what happened in the Campasol area in this detailed article. It’s a fascinating but also dramatic read about a British judge and a retired man who bought a property that began a chain of misfortunes.
“You can read the article by clicking this link: Camposol: The British Nightmare in Murcia (El Confidencial)“
Now imagine unknowingly buying a house damaged by floods or a building that doesn’t even officially exist on paper. Or putting your property on sale and having buyers consistently turn it down because of missing documents. You can be sure that such properties are extremely hard to sell.
Location, Location, Location – and Legal Documents!
That’s why it’s crucial to have a competent expert by your side.
We are here to help you on this journey.
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