15 Feb 2024 6:16 PM:
We are on our third so we are not going to say don't do it!
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First was off plan.
Place was fine (unlike some off plans) but the developer never honoured his promises or timescales.
Don't recommend it but if you do - do not take posession without an escritura - do not pay anything without a bank guarantee (in your hand) and make sure the building permission was for full time occupation.
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Second was old and close to golf course.
Liked it, it needed a lot of maintenance, but the on costs were quite low. Sold it because it had two flights of steps, we were getting old and needed hip & ankle surgery. Dodgy neighbours (some, others were great).
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Third on a 12 yr old develop ment.
No problems, on costs reasonable. Pool and gardens surrounded by 100 houses and flats. Great.
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Chose your neigbours if you can. If you know someone on a place you fancy and they say the neighbours are fine go for it.
Golf developments are expensive, you have no control of on costs or prices on the development.
If you want to learn Spanish don't go to the holiday areas. Conversly if you want to speak English and are no good at languages go to the costas.
We buy because we like to have our own place and things and value not having to heave cases or wait at carousels but if you come in off season, it can work out cheap to rent. The rental should be the same for a month as the weekly high season cost if you are staying more than a month at a time (negotiate!). We had friends we saw each year, they rented for peanuts and their costs were a fraction of ours and the owner, after a couple of years, allowed them to leave clothes in a stroage room (trastero).
Good Luck
Thread:
Does anyone regret their holiday home purchase?
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