Loading...
Answers
MenuWhat are the best real estate estate developers and investement areas in Spain?
Hi, I'm thinking of buying a small property in Spain and looked at many websites, but they are all diverse and it's hard to short list some properties before travelling and seeing them and taking a decision, I would like to get your advice on the best developers and real estate projects and areas in spain please, I'm looking at this as pure investment so the area is key.
Answers
I am British and have lived in many countries around the world. I now live in a small town on the Mediterranean coast of Spain: https://en.wikipedia.org/wiki/Moraira (which I call my little piece of paradise).
Moraira is an affluent area where many Europeans like to holiday, but there are only a handful of hotels due to planning restrictions. This leaves rental properties highly sought after and 3/4 bedroom villas (houses) costing EUR 300K-400K are often rented to tourists for over EUR 1,000 / week during the summer.
Be VERY careful when buying. There are countless TV programmes showing foolish Brits who took shortcuts when buying in Spain, which have cost many of them dearly.
Right now it's a buyer's market, but I would suggest only dealing with companies that come with first-hand recommendations.
I live right on the coast in what is one of Spain's hidden jewels. Go north, south along the coast or west a few miles and you will get even more for your money.
After having invested in many properties in Central and South America, my best advice to start is to set your personal investment goal first. What wort of property are you looking for? Residential house? Condo? Apartment? Commercial Property? Do you have a bank account in Spain already? LOCAL real estate professional? Attorney to help guide you? Have you been to Spain already? Most of the very best deals and professionals are not found on the internet but by visiting the local areas in Spain you are considering and asking around. There is no substitute for this boots on the ground due diligence. You can make money or lose money in any area of Spain, you must first know your investment goals and criteria and how this will fit into your current lifestyle.
This is something I would love to talk to you about if available.
I don't know about Best Investment in Spain.
But If you are looking for Best RE investment period, it doesn't need to be in Spain, I would do RE investment within the Commonwealth of Nations. If you want to expend in Asia, Japan and Hong Kong would be the best options.
I'm curious, why specifically in Spain?
Related Questions
-
Would you recommend facebook ads to show real estate listing to buyer persona?
Of course and have in the past.. With FB's Open graph search you can laser target buyers and weed out tire kickers.. This is a no brainer :)JR
-
Does anyone have any experience with storage units? I am looking make my first investment in a business and am considering this as an option.
I specialize in investment real estate; more specifically short sales and flipping houses. However I have friends in the industry that do specialize in storage units. I could point you in the right direction for sure. Are you only considering storage units?CB
-
What are the best books or resources to learn about real estate development from scratch?
This should help you out: 1. Property Development for Beginners: A Beginners Guide to Property Development by Steve Chandler http://www.amazon.com/gp/product/1482580551/ref=as_li_qf_sp_asin_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1482580551&linkCode=as2&tag=pittspropedea-20">Property Development for Beginners: A Beginners Guide to Property Development</a><img src="http://ir-na.amazon-adsystem.com/e/ir?t=pittspropedea-20&l=as2&o=1&a=1482580551 2. Real Estate Development: Principles and Process by Mike E. Miles http://www.amazon.com/gp/product/0874209714/ref=as_li_qf_sp_asin_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0874209714&linkCode=as2&tag=pittspropedea-20">Real Estate Development: Principles and Process</a><img src="http://ir-na.amazon-adsystem.com/e/ir?t=pittspropedea-20&l=as2&o=1&a=0874209714 3. http://www.masterycoachingterence.com/TY
-
What is the best advice you've received when you were starting out in real estate sales?
I co-founded and owned what became the 13th largest Century 21 franchise in the USA. I did the majority of the training. We hired hundreds of new and experienced agents each year maintaining an average active agent count of around 95 in our single office. Here is some of the advice I gave each prospective or new recruit. 1. Make sure you have a cash reserve to cover your personal and real estate business overhead for 3-6 months. 2. Treat your real estate business like you are in business for yourself even though you are not by yourself. Sound business principles still apply. 3. Networking and relationship nurturing are the keys to the kingdom. Prospect, prospect, prospect. (The agents that were proactively prospecting for clients were three to four times more successful than the ones that merely placed ads and waited for the phone to ring.) 4. Avoid the busy-work-trap. That is, do all the non-income producing work during non-prime time hours. If you can be prospecting, showing property or writing contracts, do it. Don't organize your desk, configure your CRM, write your ads, etc., in lieu of the activities that will earn your income. This happens more frequently than you might think. 5. Ignore the naysayers. My best agents earned between $250,000 and $500,000 regardless of the housing market or economy. Ironically, some of them were "intentional" naysayers. It was part of their strategy to discourage the new people. 6. Become a student of the business. Attend every conference available. Read every book. Listen to the CD's/DVD's on how to master the art of selling real estate (to borrow a title from Tom Hopkins). I've traveled the country training real estate agents & brokers. Give me a call if you have any further questions or would like a coach to accelerate your learning curve and success rate. All the best! Kevin McCarthyKM
-
What are some of the hidden costs most property development beginners miss on their first development?
There are lots of unexpected costs with land development and new construction. Examples include soft costs (arch, engineering, surveying, permit costs, etc) and hard costs (connecting utilities, clearing land, etc). Always have a reasonable buffer to take into account any unexpected costs. Best of luck!AC
the startups.com platform
Copyright © 2025 Startups.com. All rights reserved.