H, I am thinking about moving to the Malaga area, I would like to buy an apt or small house that I could rent out in the summer season. Can anyone who lives in Malaga area give me some pointers of what would be the best area to begin to look into. I would want a place that has a need for rentals in the summer, as I do not want to buy a place that not many tourists are interested in renting. I know this is a lot to put out there, but I thought I would just give it a try, as it is best to ask people who are living in that part of the world.
Thanks a lot:)
Buying a rental in Malaga area
baba
01 November 2011 07:44:48
2
roughseasinthemed
01 November 2011 09:57:39
129
A seafront apartment (two or three bed) is your best bet. Unless you can afford a seafront house of course.
A few years ago apartments were totally booked up over the holiday season (end June to early Sept). But with the downturn in the economy, rentals, like everything else, have suffered from shortage of money.
Be very careful where and what you buy.
In terms of particular areas, it really depends what you like. Going down the coast, your options are Nerja, Torrox Costa, Torre del Mar, Torremolinos, Fuengirola, Benalmadena, Marbella (and urbanisations to either side), San Pedro, Duquesa, and Estepona. There are obviously smaller places inbetween but those are the most popular.
And don't use the gestor or abogado provided by the estate agent. They are not working for you they are working for the agent, so get your own independent one.
baba
01 November 2011 12:03:08
2
Thanks for getting back to me what do your mean (don't use the gestor or abogado provided by the estate agent. They are not working for you they are working for the agent, so get your own independent one.)
Thanks for your quick reply.
roughseasinthemed
01 November 2011 12:54:40
129
The estate agent may offer you the use of a FREE gestor or abogado (lawyer) for the legal side of purchasing a property. They will not be acting in your interests as you are not paying them. Simple really. They are acting in the interests of those selling the property. If you pay for your own, then they will be acting in your interests and will discover - hopefully - any potential problem areas, that may stop you buying the property. For example, the property not being legally built and possibly may be about to be knocked down. Or there may be debts outstanding on the property. or .. or ..or Caveat emptor.
Subscribe to this topic
Articles to help you in your expat project in Malaga
Accommodation in Spain
From picturesque coastal towns to bustling city centers, Spain offers a wide array of options for anyone hoping to ...
Accommodation in Tenerife
Tenerife is the largest and most populous of the seven Canary Islands, a Spanish archipelago in the Atlantic Ocean ...
Accommodation in Seville
Seville is a southern Andalusian city that's easy to fall in love with. The Moorish architecture works of art ...
Accommodation in Valencia
Valencia is the capital of the province of Valencia, a Mediterranean destination of striking architecture, vast ...
Accommodation in Malaga
Malaga is a busy port city on southern Spain's Costa del Sol, a place that blends ancient history with the ...
Accommodation in Barcelona
Barcelona sits on the coast of north-eastern Spain, the capital and largest city in the autonomous community of ...
Open a bank account that suits you
Discover the best international banks to manage your money securely.
"