The acquisition of real estate in Spain is an excellent financial investment, but the most important thing is that the buyer can purchase real estate at reduced prices.
The Spanish market has many positive moments. This is a wonderful Mediterranean climate that attracts tourists from around the world, as well as the focus of Spanish legislation on the development of tourism in the country. Differ in the loyalty to investment and banking systems of Italy. Tour for buying real estate in Spain is the best way to make a thoughtful choice. The duration of such an introductory trip can be about fifteen days.
The acquisition of real estate in Italy is associated with various expenses. This applies to mandatory taxes, for example, tax on legal acts, value added, as well as transfer tax and other. In the total amount, such expenses account for 12% in the case of mortgage lending and 9% when buying for own funds.
A mortgage in Spain is offered not only to local residents, but also to foreigners. Overpayment with this method of purchase is 50-70% of the total value of real estate, and this is much lower than domestic numbers. You can be provided with a loan for a period of 30 years.
If you buy a villa or apartment in Italy, you will get the opportunity to relax on the Mediterranean coast at any time. And when buying commercial real estate, a person automatically receives the right to do business. Investing their funds in real estate in the country with a rapidly developing tourism business is an excellent solution for the investor.