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What Spanish property you can afford with your budget

What Spanish property you can afford with your budget

26 March 2012

When buying a property in Spain, it is advisable to make a list of what you want (and don’t want) from a property. Spain offers a massive choice of properties for sale even plots of land where you can have a house built to your own specifications. You may even like the idea of fixing up an old property. Spain has many beautiful, historic homes, farmhouses also known as fincas, and un-modernised village homes for you to sink your teeth into. Or you may want to move into a villa, townhouse, bungalow or apartment which has all the mod-cons. Either way you’ll find a property in Spain in all price ranges to suit your budget.

Below is a guide to the types of property available in Spain.

Fincas

Fincas range from a large country home to a small rural farmhouse and will normally have land attached. Some fincas may include fruit trees, olive groves or meadows. Fincas also tend to be cheaper in price as compared to properties on the coast. It is no wonder fincas are increasingly popular to the foreign buyer.

There are many reasons why people buy fincas; they offer peace and quiet and the opportunity to live in the ‘real’ Spain. Some buy fincas because of the land which allows them to grow their own fruit and vegetables and freedom for animals to run and play. If you are looking for a restoration project then you will be happy to know that there fincas for sale in need of fixing up.

Villas (casa individual or villa)

Spanish villas are either semi-detached or detached with gardens surrounding the front and/or the back of the villa. Some villas have a private entrance beyond a front gate and usually a driveway. Some villas also form part of a complex and may share communal gardens and a pool. If a villa forms part of a complex, you will have to abide by the community rules and regulations, and also pay community fees.

Apartments (apartamento or piso)

The vast majority of Spaniards live in apartment blocks, which are usually located in towns and cities. The size of an apartment can vary from a tiny studio to a large apartment complete with all the mod-cons. Most apartments will have a community swimming pool (and possibly other facilities such as tennis courts) and can make an ideal family home, as well as a holiday getaway. There are many bargain apartments to choose from and prices will vary according to what your budget allows.

It is important to note that under Spanish law, in an apartment block you will always have a community of owners (comunidad de propietarios) and as such you must abide by the community’s rules and regulations and pay community fees.

Townhouses (casa adosada)

Townhouses are generally rows of terraced houses, have a sense of community living and very good for families with children. Townhouses are between two to four storeys, including a large basement for a garage/storage, and a roof terrace known as a solarium. Townhouses usually have a small courtyard at the front and back and are set around a community swimming pool. They are cheap to buy and usually include lower maintenance costs.

Now you have an idea of what properties are available in Spain, look out for our next blog will look at urbanisations which are purpose-built estates or developments.

See below to view a selection of our bargain properties on the Costa Blanca.

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