04 Aug 2011 5:28 PM:
Ensure you do your research before buying. Take into consideration annual taxes and community charges. In our community, we are on the edge of a golf course but about 5 minutes walk to the sea, transport, medical centres etc.and on the train route from Malaga airport. Apartments are to let privately, and one resident looks after the rents for the owners. She also arranges cleaning etc so that is an advantage of an apartment. At present Fuengirola is the last stop going west so after that a taxi would be needed.
This year, the hotels are charging less and so the rents have needed to fall too. The income on these properties with golf and sea views is around 25-30 euros per night.
Also look at the legal system should you decide to sell your property. A Spanish will is important and also check that the community is not in the red. We went in with our eyes closed but fortunatley, it has been a success with few problems.
Hope this helps.
This message was last edited by Burger2 on 04/08/2011.
Thread:
Best type of property for rental income
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