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Because of strength, stability and security of Spanish property market it is a relatively straight forward process to raise a mortgage or finance to afford to purchase a home in Spain. Obviously terms and conditions will depend on a purchaser’s individual financial circumstances, but some international mortgage lenders are prepared to consider future rental income from letting of a property as income on which they can base amount they will lend you.
If you dream of owning a dream home in Spain you could consider buying now, letting property for part of year to cover your mortgage commitments and benefiting in person for weeks of year when you usually holiday abroad.
If you were to purchase property in Benalmadena on Costa del Sol for example, you would be buying into one of most desirable areas of Spain for holiday lets and purchasing yourself possibly one of best returning investment vehicles in property terms globally.
On one hand area benefits from a wealth of golf courses, entertainment parks, perfect beaches and direct access to Malaga airport for international accessibility making it simple to rent your property for top dollar weekly returns all year. On other hand area’s attraction means properties available will become scarcer and as demand surges and supply diminishes value of your property will soar!
A true win win situation!
Rhiannon Williamson is the publisher of http://www.shelteroffshore.com/ - the online resource for investment property abroad articles, guides and resources. Click the following link for Spanish property or moving to Spain articles, guides, resources and recommended reading