ArticlesBase.com - Free Articles Directory
Free Online Articles Directory
21.05.2008 Sign In Register Hello Guest
Email:
Password:
Remember Me 
forgot your password?


First-time Buyers: Take That First Step With a Spanish Property

Author: Andrew Regan Author Ranking Gold Featured Author | Posted: 09-03-2007 | Comments: 0 | Views: 19 | Rating:  (50) Article Ranking Green (?) Got a Question? Ask.
Sign Up Now!

Over recent years the substantial growth in UK property prices has outstripped the income generated by people in their mid/late twenties. For single people, finding a deposit is certainly difficult enough, and with the need for a substantial mortgage, repayments are not within their income realm.

Will this phenomenon continue? Forecasters are concluding that although there may well be a period of stagnation, or even a reduction over the next 10 years, the UK property market will continue to stretch away from earned income. As there is a long standing tradition for UK youngsters to fly the family nest much earlier than in other European countries, the UK alternative is for youngsters to rent a property.

Whilst renting property does provide an element of freedom - and for many, helps avoid early commitment and responsibility - rent paid out is effectively disposed of with no real tangible return. Parents of course consider it an absolute waste. Coming out of University with a student debt is a millstone and contributes to youngsters’ inability to make their first home purchase.

With more disposable income at their finger tips than all previous generations, this does present the risk that the current generation might squander their income and dispose of it - without the benefit of securing an asset or attain some long term financial security.

So, other than rent a property, what alternatives do those not fortunate enough to be able to make their first property purchase have? Well, why not buy in Spain? Either as a solo consideration or bolstered by sharing with a partner or sibling, the potential is obvious.

Is this a crazy notion or a viable option? Other than the obvious attractions of the climate, the Spanish economy is buoyant and the property market has seen healthy growth over many years, and is anticipated to continue doing so. Entry-level property is much lower than in the UK and first time buyers can make a purchase with a mortgage as support and generate income through property rental.

Buying a Spanish home in the well regarded Costa Calida area offers a good example of what can be achieved. For a little over 100,000 Euros, one bedroom Spanish properties can be secured in a coastal area, while a good quality two bedroom Spanish apartment can be purchased for a small additional cost. With regular all year round flights to and from many UK airports into the heart of the Costa, a long weekend away or a revitalising short break is an added attraction.

For those with an interest in diving, fishing, golf, surfing, relaxing on the beach or walking in the mountains, owning a Spanish apartment has many advantages over its UK counterpart. Add into the equation lower living costs, no heating costs and lower community charges; plus the ability to take annual holidays there, and the facility to easily rent the apartment to friends and work colleagues all makes it a significant viable option.

For those switched-on youngsters considering buying a property in Spain, choosing a knowledgeable and reliable Spanish property agent can make the purchasing process in Spain a straightforward matter. And in today’s world dropping into casual conversation being an owner of a Spanish property is the ultimate in ‘cool’.

Andrew Regan is an online, freelance journalist.

Rate this Article:

Article Source: http://www.articlesbase.com/real-estate-articles/firsttime-buyers-take-that-first-step-with-a-spanish-property-114994.html

Print this Article Print article   Email to a Friend Send to friend   Publish this Article on your Website Publish this Article   Send Author Feedback Author feedback  
About the Author:

Andrew Regan is an online, freelance journalist.

Submitting articles has become one of the most popular means of generating quality backlinks and targeted traffic to your website. Join us today - It's Free!

Article Comments

Comment on this article Comment on this article
Your Name
Your Email:
Comment Body
Enter Validation Code: Captcha


Related Articles

Spanish Property – to Buy or not to Buy
By: Andrew Regan | 22/03/2007 | Real Estate
Many factors come into play when considering buying a Spanish property, such as the balance between short and long term benefits; asset growth and distance ownership.

Buy Property in Spain to Start your Retirement in Style
By: Martin Mcallister | 26/01/2007 | Real Estate
Many Britons will choose to retire in Spain at the end of their working life - and why wouldn't they? With a range of lifestyle benefits - from the excellent local cuisine to the year-round sunshine - moving to Spain is sure to make life seem much more pleasant.

Take the Children to Live in Spain: It’s a Winner
By: Andrew Regan | 20/02/2007 | Home and Family
Uprooting the family and moving to Spain can be an exciting and stimulating change. However, it might not all be plain sailing.

Struggling First Time Buyers Get a Helping Hand
By: Adam Singleton | 14/09/2007 | Mortgage
First time buyers are finding it more difficult than ever in Britain’s intense property market. But banks are changing some of their traditional ways to give them a helping hand.

Buying Property in Spain
By: Ken Jones | 07/03/2006 | Finance
Why is Spain Europe's most popular country for the purchase of a foreign property. A look at the types of property available. The estate agent, the solicitor and making an offer to buy. Spanish paperwork and how to get somebody else to do it.

Advantages Offered By Prominent Spanish Property Agents to Clients
By: Groshan Fabiola | 21/09/2006 | Home and Family
Spain is a very suitable destination for persons in search of magnificent, dream-like landscapes, beautiful sunny beaches, crystal waters, and a pleasant, moderate and stable climate. While the coastal regions

Buying a Property in Spain - Making the First Move Toward a Place in the Sun
By: Andrew Regan | 08/02/2007 | Travel
Buying a property in the Spanish sunshine needn’t be a daunting experience if you take the time to research your options.

Live in Spain: Enjoy Life
By: Andrew Regan | 12/04/2007 | Real Estate
In excess of a half million people have purchased a property in Spain – and many have now made their home in the country.

Got a Question? Ask.

Ask the community a question about this article:

Q&A Powered by:
Powered by Yedda 

Latest Real Estate Articles

Cheap Flights From UK To Cyprus, Great Value
By: Kate Deas-Smith | 21/05/2008
With the promise of more airlines offering cheap flights from UK to Cyprus and property for sale being so reasonable, you really cannot go wrong by investing in your very own little piece of the Island of Love. You will have to hurry though as prices are starting to creep...

Buying Property For Sale? Cyprus Is The Best
By: Kate Deas-Smith | 21/05/2008
Thinking of buying property for sale in Cyprus? If you buy now you could make a substantial amount of money over the next few years as property for sale in Cyprus is just about starting to rise in price, just as Economists had predicted. Property investment is more than likely...

Century 21 Real Estate: Using A Realtor To Invest In Foreclosure Houses
By: Simon Volkov | 21/05/2008
Century 21 Real Estate agents work with both buyers and sellers. This worldwide real estate organization consists of Independent Realtors who either own a franchise or work as an employee of the franchise owner. Many Century 21 agents specialize in bank owned foreclosure homes and possess the skills to produce...

The Culture of South Austin
By: Dane | 21/05/2008
This article describe the south Austin area. It also describes the popular SoCo and SoLa strips of small independent retail stores in South Austin.

Timeshare Offers Are They Worth It?
By: Derek Smiley | 21/05/2008
We have all seen those great never to be missed timeshare offers, but are they too good to be true or are they really worth it?

Austin Neighborhood: North Loop
By: Dane | 21/05/2008
North Loop is a small neighborhood in central Austin. This article gives some information and history about the North Loop neighborhood.

Austin Neighborhood Profiles : Clarksville
By: Dane | 21/05/2008
The West Austin area of Clarksville was originally a freedman's colony for slaves freed after the Civil War. Clarksville now has a very diverse population, and this diversity is reflected in the various nationalities of the residents. There is an excellent public grade school in Clarksville, named Mathews Elementary.

How To Mitigate Appraisal Fraud Patterns
By: Michelle Thiel | 21/05/2008
Appraisal fraud is a component of many mortgage fraud schemes. This type of fraud is one of the more sophisticated techniques being used to commit mortgage fraud. As one of the fastest growing financial crimes in U.S. history, counter measurements to mortgage fraud are required. One of these measurements involves...

More from Andrew Regan

Is Bulgaria the Best Property Investment in Europe?
By: Andrew Regan | 26/02/2008 | Real Estate
British investors are heading east to find the best property buys, and Bulgaria is proving to be massively popular, offering high capital growth and great rental returns; not to mention stunning alpine ski resorts and golden beaches.

London Gears Up for 15th Annual Jazz Festival
By: Andrew Regan | 26/02/2008 | Music
From small jazz clubs to concert halls, the London Jazz Festival has been at the forefront of presenting both home-grown and international talent at a variety of venues for 15 years; with this year’s event set to be the biggest yet.

Effective Guerrilla Marketing is Limited Only by Imagination
By: Andrew Regan | 26/02/2008 | Viral Marketing
Guerrilla marketing can be one of the most effective weapons in a company’s arsenal, and if deployed correctly can generate a massive impact that will lead to an increase in business.

Tips on Business Culture in Dubai
By: Andrew Regan | 21/02/2008 | Ask an Expert
Before going to Dubai on business, or indeed for pleasure, it is important that a visitor has an appreciation of the culture of the country, and that they do as little as possible to offend.

Lollapalooza Gets Set to Raise the Temperature This Summer
By: Andrew Regan | 21/02/2008 | Music
Since 1990, the Lollapalooza touring festival has been the United States’ finest proponent of cutting edge artists and ground breaking new alternative acts playing alongside musical legends, with the 2008 event scheduled to be no exception.

Plucky Pedro Put Benidorm on the Map
By: Andrew Regan | 21/02/2008 | Destinations
Before Benidorm could become a popular holiday destination young Pedro Zaragoza knew he would have to persuade Spanish Dictator General Franco to agree to overturn a ban on bikinis, so in 1953 he got on his bike and went to Madrid to address the General.

Celebrity Spotting in London
By: Andrew Regan | 21/02/2008 | Art and Entertainment
London, one of the world’s largest cities, proves a magnet to tourists and celebrities alike due to the sheer number of exciting activities and experiences to be enjoyed in England’s capital.

Formula One: From Humble Beginnings to Billion Dollar Business
By: Andrew Regan | 20/02/2008 | Cars
Since Formula One first sprouted its roots in the European Grand Prix Motor Racing of the 1920s and 30s, it has become one of the biggest and most expensive sports in the world.

Real Estate Services

Article Categories







Give Feedback

Sign up for our email newsletter

Receive updates, enter your email below