04 Jun Invest on the Costa del Sol
If you are one of the many who see the great opportunity to get a high return on an investment in real estate, then bostadcostadelsol.com can be the perfect partner for you to find the right investment object. After over 35 years in Spain, we have created the very best contacts with both brokers, construction companies and financing companies that we can put you in touch with in order for you to get the optimal investment opportunity.
Let’s look at the most common investments:
Buy to let
This is the most common way to get a return on an investment. There are essentially two ways to do it. The first is that you decide when you want to use your home during the year and for the rest of the time you rent it out. In most cases, the income from the rental covers all operating costs and in some cases also provides a contribution to the payment of a possible mortgage loan. The second is that you do not intend to live in the home yourself, but only want a return by renting it out all year round. As well as making use of any increase in value for a future sale with a good profit.
Renovation object
A very good way to invest on the Costa del Sol is to buy an apartment, townhouse or villa that is in dire need of refurbishing or even minor remodeling. The prices of these items are usually very favorable and here you can get a high return on your investment. It is important that you buy in a popular area and that you have a professional construction company that carries out the renovation.
Bank repossession
Bank repossession means that the owner of a property has had a mortgage loan and has not managed this in terms of payment of interest and amortization. The bank has then, through its mortgage on the property, taken it over and sells it on to the open market. Since the bank is primarily interested in getting their loan back including accrued interest, this can often be a really good deal for a buyer.
Land for development
This means buying an area of land and developing it from scratch. It can be about anything from one or more villas, a block of flats or even a complete project with several hundred homes. We mediate the contact with the seller of the land and put you in touch with the architect and construction company as well as the appropriate company for the marketing of the project.
