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In the late 90s, the majority of Spanish property buyers were those seeking to retire abroad, or those affluent types seeking a 2nd home to take advantage of the burgeoning jet-set lifestyle, brought about by the advent of no-frills airlines.
Then during the boom years of the early 00s, the profile changed. There was an influx of aspiring Spanish property investors and speculators, with the age range of the typical buyer getting lower and lower as the credit glut grew out of control. In addition, we saw an increase in those seeking a home abroad as a place from which to conduct their business back in their home country, as mobile and internet technology became more sophisticated.
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Now that I am mortgage-approved, have the balance of my funds nicely in place, and receive tens of bargain Spanish properties every day to my email address, I just want to buy something…….anything!…
…and that´s the danger. I must remember that this is my home, not an investment property in Spain. I plan to live in this place for many years, so I really need to get this right.
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