If you’re in the market for luxury real estate, you probably have reached a certain status that enables you to call all the shots. This is what you should do too when search your dream property. But take into account the usability that the newly acquired premises will have. Do you want a primary home? Or are you interested in acquired your third vacation home?
Secondly, it is important to analyze the current status of the real estate market. Ask your realtor about this, or better yet consult the press or specialized sites on the Internet. There are tones of them out there! Even if the economic markets are improving overall, there may be some areas or countries where it’s not really safe to invest. Accord to recent studies and reports issued by the Ministry of Housing, home sales in Spain have increased and acquisitions by foreign citizens are an important portion of this increase.
Think of the location of your future home. A water view home is really trendy right now, with your own private beach at your disposal. In Spain, Costa del Sol is the prime location for foreign citizens and expats from all over the world, especially Great Britain, the northern countries and Russia. Most of the luxury properties available for sale here are south-oriented to face the Mediterranean.
Privacy is a very important pre-requisite for buyers in the market for luxury real estate. Of course, you value privacy and a quiet resort, but you should consider not buying property in over-crowded resorts. Most properties on the Costa del Sol have state-of-the-art surveillance equipment and 24h security services for your privacy and protection.
That being said, you need to do extensive research before buying, and these above mentioned tips are just the tip of the iceberg for property purchasing. We will keep them coming, just to give you the whole picture!