Top 3 Places to Buy a Holiday Home in Spain

According to Idealista, a leading Spanish real estate website, property prices in Spain have risen by 6.8% in the past year, reflecting a strong market recovery and growing demand for real estate following the Covid-19 pandemic. Additionally, Spain offers an appealing investment landscape with its stable economy and attractive property prices in comparison to its European neighbours. Whether you're looking for a dynamic coastal retreat, a serene countryside escape, or a charming village abode, Spain's diverse regions cater to all preferences. 

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What To Consider Before You Buy a Holiday Home in Spain

When buying a second home in Spain, there are several important factors to consider to ensure a smooth and successful journey to homeownership. Here are some points to keep in mind…

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1. Location

• Consider proximity to local amenities such as shops, restaurants, and healthcare facilities, alongside frequency and availability of public transport if required. 
• Ensure ease of access to international airports.
• Ask whether or not the climate suits your holiday style. 
• Get to know the destination seasonally. Do all of the above points still apply in the low season?

2. Legal Obligations

• Understand the local property laws and regulations.
• Obtain any necessary permits, and ensure the property complies with local building codes.

3. Ongoing Costs

• Research taxes and fees associated with buying a Spanish holiday home.
• Take future costs, including property taxes, utility prices, and regular maintenance, into consideration
• Keep an eye on currency exchange rates and their impact on all of the above, including purchase price. 

4. Property Condition

• When the time comes, conduct thorough inspections to identify any structural issues.
• Visit with a specialist to help estimate costs for any planned repairs or renovations.
• Ensure the property complies with building regulations and permission / permits have been obtained for any recent work. 

Spanish Holiday Home Hotspots

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1. Barcelona: Urban Allure

Great for:

• Culture seekers, with its plethora of museums, galleries, and historical and architectural landmarks.
• Vibrant nightlife and a wide variety of world-class bars and international dining venues.
• Blending urban and coastal living, with five miles of golden sand fringing the city. 

Climate:

• Average summer temperatures range from 24°C to 30°C.
• Mild winters with temperatures rarely falling below 10°C.

Top tips:

• Consider properties in quieter neighbourhoods like Gràcia for a more local feel.
• Be mindful of higher property prices along the beach.

2. Mallorca: Island Chic

Great for:

• Stunning coastal scenery and crystal-clear waters.
• Those in search of outdoor adventures such as hiking, cycling, and water sports.
• Exploring charming villages and local markets.

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Climate:

• Mediterranean climate with hot, dry summers and mild but wet winters.
• Summer temperatures typically range from 25°C to 31°C.
• Winters are mild, with temperatures averaging around 10°C to 15°C.

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Top tips:

• Look for properties in quieter areas like Sóller or Pollensa for a more tranquil setting.
• Be aware of the seasonality of the island and quieter winters.

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3. Extremadura: Remote & Rural

Great for:

• Visiting UNESCO World Heritage sites.
• Affordable property prices compared to coastal regions.
• Beautiful natural landscapes, perfect for nature lovers and outdoor adventurers.

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Climate:

• Continental climate with hot, dry summers and cool winters.
• Summer temperatures can reach up to 35°C or higher.
• Winters are cooler, with temperatures ranging from 4°C to 10°C.

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Top tips:

• Explore properties in historic towns like Cáceres or Mérida for unique character.
• Consider the local lifestyle, proximity to airport and access to amenities - Extremadura is less touristy than other Spanish regions.

Buying a Second Home in Spain with August

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With August, the dream of owning a second home in Spain, and in other destinations across Europe, could soon become a reality. Offering a better way for holiday home ownership, the unique August co-ownership model removes the hassle of traditional homeownership - from local administration of purchasing the property to renovation, interior design and management - with the homes all prepared for your arrival, meaning all you have to do is show up and enjoy. 

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Here’s how August makes second home ownership seamless:

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1. True real estate ownership: We set up a UK Limited (LTD) Company specifically designed for co-ownership which allows for real title ownership, streamlining the legal process and minimising the hassles while giving complete transparency and ownership to the co-owners. 

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2. Transparency & control: Unlike other models, August co-owners have full transparency on all budgets and expenses. 

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3. ‍Unique and private homes: We buy, renovate and interior design homes to the highest standards single properties in the best location which will be yours and for your own use only. ‍

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4. Not one, but five homes and locations: Five beautifully designed homes in five of the best locations in Europe for the price of one. Easy to get to destinations and homes you will be proud to call your own.‍

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5. Easy to use booking system: Online point-based system that allows families a fair way of booking holiday time with an average of 3 months per family. A lot more time than Timeshare and other fractional ownerships.‍

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6. Hassle free ownership: You never need to worry about the buying process or maintenance of your homes. August handles everything while giving you full transparency. The homes are regularly renovated in order to keep them in great condition and maintain the value of your ownership.‍

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7. Dramatically lower management costs: Compared to just owning just one of these properties on your own with zero markups on items such as property management and repairs.

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Buying a holiday home in Spain is a huge commitment, with plenty of decisions to make in the process. From exciting considerations about location, climate and proximity to amenities, to more in depth research on tax implications and management costs, August can help you every step of the way on your journey to owning a second home. 

With local experts in each destination, we source the best properties in sought-after locations such as Barcelona and Mallorca before purchasing, renovating and managing them for you, allowing you maximum enjoyment for minimum effort. Not only do you gain a slice of real estate in Spain, but also in up to four other European countries, by becoming a proud owner of one of our Collections.

To find out more about how you could own five homes for the price of one - including in one of Spain’s property hotspots - register now and join our next global webinar.