– I have been observing the boom in the Spanish market for several years real estate – Maria Kobryń, foreign investment advisor, tells us. Her observation is not detached from facts. Throughout 2023, Poles bought 3,118 properties in Spain. This is as many as 142 more than in the previously record year 2022. Data coming in for this year show that another record will probably be broken. We already know that Poles bought by 9%. more Spanish apartments in the first half of this year than in the same period of the previous year. More on this topic in the following short conversation with an expert:
You can get burned when investing in Spanish real estate. Several factors
However, there is a threat that this wave of investment will come right behind new wave – of great dissatisfaction and disappointment. – Poles greatly lack substantive preparation before deciding to buy a Spanish property. They don't want to spend more time finding out and that often gets them lost. They don't even want to hear that something may be wrong, which is why I appeal to people to better prepare for it and not to assume that just because someone, e.g. a celebrity, has bought a property in a given region, it means that such an investment is good and problems will not arise. will be created – explains the expert.
And what could these problems be? Well, some regions are prone to droughts, which may cause regular water shortages in your home, while others are susceptible to floods. You don't have to look far to recall such a flood. In November, a flood wave hit the Valencia region. It was the worst tragedy of this type in Spanish history since 1973. – Issues of weather changes may also affect whether a given region will be developed in terms of infrastructure – adds Maria Kobryń.
Renting can be difficult. The expert warns
Let's add to this list that there are regions where renting real estate will be very difficult, even impossible. Some Spanish local governments, for example, require licenses that are difficult to obtain for a foreign investor. Having bought a Spanish property with the aim of quick rental profits, you may be very surprised if you have not previously will check whether this option is available at all.
So what can and should be done to make the purchase of Spanish real estate really profitable? More about this in the interview, which you can listen to with the video included in this article.