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Holiday Home in Spain
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eileen williams
Posted: 23 October 2013 05:18:25(UTC)
#42

Joined: 23/10/2013(UTC)
Posts: 1
According to me, it is not the ideal time but a good one to invest. The main thing is that cost of living is high in Spain but you will enjoy the nature here as it is the remarkable beautiful city.
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roy dibden
Posted: 23 October 2013 09:26:08(UTC)
#43

Joined: 21/03/2010(UTC)
Posts: 13
Buying a house in Spain is not a good investment but it can become a pleasant home,provided one does not have to sell all your other assets to move to Spain, I think the warmer clims can be positive for a 5 month Winter stay. There is one problem throughout Europe is that all the countries are almost bankrupt so increasing house taxes are an easy target for the local tax man,so home or away owners beware.Give yourself a generous budget as there is no such thing as a free lunch.

Rochefort
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Jamberoo
Posted: 23 October 2013 09:35:17(UTC)
#44

Joined: 19/12/2011(UTC)
Posts: 2
I agree, however if five months is the target, then long term rental is surely the better option?
You are not a tax target, you can enjoy the property without having to constantly fix things, and if you do the maths, the tax on buying and selling a property works out at 20% on both transactions, so one can budget to spend generously on rent to ensure a decent property, we rented last winter, and never regretted it for a minute.
We owned before in Malta, and started to feel obliged to go there as the property needed ongoing maintenance, once one can disconnect from the property ownership instinct then rental works for sure. James
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roy dibden
Posted: 25 October 2013 15:42:49(UTC)
#45

Joined: 21/03/2010(UTC)
Posts: 13
Adding to my previous comments about owning a property in Spain,we do have a home in Spain
and we are enjoying exploring this very interesting country so I think that it is important to have
your own car where you are living.So for us,islands are out as it can be a bit restrictive,we have
travelled a lot on mainland Europe using Travelodge style hotels,we have just come back from Italy,simply marvellous.I have been very reasonable] throughtout my life so our investments
are providing us with that extra income,God Bless Neil Woodward for showing me all those Blue
Chips which yield 4 or 5 %,so it is now self management which provides the cream.
Roy Dibden
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