Experts advise ‘think carefully’ before investing in Spanish International property
24.11.2009
Brits considering moving abroad to Spain in their retirement years should think carefully before investing in international property, according to the Spanish Property Owners Guild (SPOG).
The consumer group highlighted the need for expats to consider their long-term needs before taking the plunge and buying a property.
House prices in Spain have been falling recently, although according to the TINSA index that rate of decline now appears to be slowing.
Paul Bradley, a spokesman for SPOG, said: "If a property is to be purchased for retirement, or to live here for the winter, then a slightly different approach is needed as the potential for a good quality of life in the long-term is an equal part of the buying decision."
He added that it was important that people consider the potential taxes in Spain and the size of their pension before choosing to live abroad.
A recent survey from price comparison site uswitch.com found that France and Spain were two of the best places to live in Europe. However language barriers can be a bar to the standard to life expats believe they will experience during their retirement years.
Source: Halifax International
<<< back to Spanish property news >>>
International Property News
Latest World News