Is Buying Property in Spain a Good Idea?

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Why Buy a Second Home in Spain?

A melting pot of vibrant culture and breathtaking landscapes, whether you seek the flair of cities like Barcelona or rustic appeal of Mallorca, here are some key pointers to consider when looking to buy real estate in Spain.

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1. Location, location, location

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Spain offers a wide range of enviable destinations, each with its unique character, whether you prefer the enigmatic energy of Barcelona, or the tranquil beaches of the Balearics. Buying a holiday home in Spain means you have year-round access to a retreat in a location that perfectly aligns with your lifestyle and travel preferences.

2. Warmer climes

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Spain is renowned for its balmy climate, especially during the high season which runs from May well into autumn. With over 300 days of sunshine per year, it's an ideal location for those looking to escape colder climates - whether seeking a regular weekend escape or spot for longer vacations with family and friends in tow.  

3. Cultural kaleidoscope

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Spain boasts a rich cultural scene, with a plethora of festivals, world-class cuisine, and historical landmarks waiting to be discovered. Buying a property in Spain means immersing yourself in a locale that values family, food, arts and tradition. These values run throughout the country - whether you decide to purchase a townhouse in a rural village or apartment in the heart of the city. 

4. Smart investing

The Spanish property market has shown resilience and growth since the Covid-19 pandemic, making it an attractive option for those seeking investment with the prospect of capital appreciation - another benefit to owning a property in Spain. 

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‍The Unique August Approach

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While buying a property in Spain is a dream for many, the costs and responsibilities can be daunting. This is where August can help, with its unique co-ownership model that makes owning a holiday home in Europe all the more accessible. Here’s exactly how…

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1. Five homes for the price of one

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With the August fractional ownership model, you can own a share of a holiday home in Spain, and up to four other destinations, for the cost of one. This approach sees August create Collections of homes in Europe’s most enviable destinations (including Barcelona and Mallorca) and curate groups of like minded individuals to become co-owners of those properties, giving them all the benefits of five second homes, without the hassle of finding, renovating or maintaining them.

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2. Source, renovate, maintain 

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Significant challenges when considering purchasing real estate abroad include finding it, renovating it and managing any maintenance and upkeep of the home. August handles all of these aspects - from purchase paperwork, to design, renovation and property management - ensuring both your journey to second homeownership and your holidays are hassle-free. 

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3. Year-round access

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Co-ownership with August means access to a bespoke booking platform with owners able to schedule their stays throughout the year, ensuring they get the most out of their investment - an average of 12 weeks a year. 

4. A sense of community

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Becoming a second home owner with August means becoming part of a curated community of like-minded individuals with a shared love of travel. This growing, global network can enhance the holiday experience, with co-owners often sharing travel tips and their knowledge of the area

So, is buying a property in Spain a good idea? At August, we think so. Not only does it offer a warm destination to escape to all year round, but a solid investment that can be of benefit for generations to come. 

With the innovative August co-ownership model, the dream  becomes all the more achievable, offering a cost-effective, flexible, and stress-free pathway to owning real estate in Spain and across Europe. Explore the unique benefits of co-ownership with August by requesting a brochure, and start your journey to owning a property in Spain today.