INSPIRE Real Estate Corner: Tips for Americans Buying Property in Spain
Sponsored by Inspire Property Experts.
If you're an American that's been toying with the idea of buying a property in Spain, you're not alone. The number of international buyers in Spain nearly doubled in the first quarter of 2022—and it's easy to see why, Spain is such a beautiful country with so much to offer.
There are many reasons expats are buying property in Spain: some want to move here, some are looking for a second home and some think of it as an investment opportunity. One motivating factor for many Americans is the increased purchasing power of the US dollar. The US dollar to Euro exchange rate has changed tremendously over past 18 months; today a property is 20% cheaper than it was in January of last year. This is a huge difference, making a real estate purchase in Spain even more attractive. But, how do you know which are the "good" properties? How can you make sure you don't overpay? Which agencies are trustworthy?
Questions abound. If you’re serious about buying property in Spain you've probably scoured the internet and Facebook groups trying to learn the ins and outs of the purchasing process. And, you've probably begun to see that it's very different from how things are done in the States. For one, many American expats are often surprised that the role of the real estate agency here differs greatly from that of their home country. Agencies here are not forthcoming to buyers during the purchase process because they represent the seller's interests. The truth is, the property market in Spain is a jungle; it’s poorly regulated and lacks transparency. Having a buyer's agent on your side who knows the industry will not only help you avoid headaches and time delays, but can also save you money.
Check out the video above from real estate expert Raf Jacobs; he discusses the advantages American buyers have in the market today and how a smart investment can easily save you up to $100,000.
For more videos about the process involved in purchasing your dream home in Spain, check out Raf’s other videos:
- INSPIRE Real Estate Corner: What Is a Spanish NIE?
- INSPIRE Real Estate Corner: Setting up a Spanish Bank Account
- INSPIRE Real Estate Corner: Problems with Spanish Banks When Buying a Property in Spain
- INSPIRE Real Estate Corner: Buying Real Estate to Protect Your Money from Inflation
- INSPIRE Real Estate Corner: Mistakes to Avoid When Buying a Property in Spain
The buyer’s agents at Inspire Property Experts help buyers and investors purchase property in Spain. They make sure that you:
- Buy the right property,
- With the best possible conditions,
- With no surprises.
Free offer: if you want Raf’s opinion and recommendations specific to your situation, contact him at raf@inspireapartments.com. The first 20-minute consultation is free!
You can learn more about how INSPIRE Property Experts can help you find your dream home on the website at inspirepropertyexpertsspain.com and you can follow on social media for the latest updates on Twitter @INSPIREexperts, Facebook @inspirepropertyexperts, Instagram @inspirepropertyexperts, LinkedIn and YouTube.
Sponsored by Inspire Property Experts.
