Buying property in Almería, Spain, is one of those few perfect real-life investments. Owning an apartment or villa in this fantastic region grants access to natural beauty, a relaxed lifestyle, affordable living, and delicious Mediterranean cuisine.
But it’s not just the lifestyle that attracts foreign investors to Almería. Property is much more affordable compared with other major cities in Spain. From modern apartments to traditional Spanish villas, you can find valuable real estate assets that keep their value in the long term.
If you fancy moving to sunny Spain, you can get started using our Finance Passport. We provide access to local Spanish lenders who offer the best rates for mortgages in Spain. What are you waiting for? Mov eto Almería today!
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See why Almería is so popular among foreigners:
Year-Round Sunshine: Enjoy more than 3,000 hours of sun throughout the year in Almería’s warm and dry climate.
Affordable Housing: The cost of living in Almería is among the most economical in Spain, making it an excellent option for foreign investors, digital nomads, and retirees.
Stable Real Estate Market: Not as turbulent as some of the major metropolitan cities, the long-term appreciation of Almería’s property market is stable and reassuring to foreign investors in search of security.
Excellent Connectivity: Almería is highly accessible from distant countries through nearby airports in Almería, Malaga, and Alicante. Motorways and public transport further connect all parts of Spain.
Options range from the seaside resort of Almería to apartments in Mojácar and Roquetas de Mar – a top tourist destination ensuring a constant search for rentals.
Yes, foreigners and UK citizens can purchase property in Almería without restrictions. The Spanish government is very friendly to foreign ownership, and the Golden Visa legislation grants residency in return for buying property over €500,000.
Just remember to get familiar with local property laws, the way financing is arranged (like when making an offer), and other additional costs, such as property taxes and notary fees. You should also consider opening a Spanish bank account to facilitate the transaction process and discuss mortgage possibilities with a local lender. You can then use Upscore’s platform to compare and secure the best possible mortgage deal suited to your needs.
Here are some questions you may want to know:
What Costs are Involved When Buying a House in Almería?
You must pay approximately 8-10% property transfer tax, notary and registration and solicitor’s fees, adding approximately 10-15% on top of the purchase price.
What’s the Average Property Price in Almería?
Pricing is reasonable, starting with apartments along the coast, costing in the region of €100,000 upwards, while villas start at over €300,000. Generally speaking, Almería offers very good value in comparison with other regions of Spain.
Can Foreigners Get Financing when Buying a Property in Almería?
Yes, most Spanish banks grant loans to foreigners. Lenders usually finance 70% of the real estate value to non-residents. Of course, with a bank account from a Spanish bank, everything will be easier.
Almería’s diverse property landscape meets all kinds of tastes, from sea-view apartments to rustic homes in the countryside. The best way to find a house is by researching neighborhoods and working with reputable real estate agents who know the area.
Where’s the best area to buy a house in? That might just be Mojácar, with its charm and beautiful coastline. Roquetas de Mar, with its lively seaside, and inland villages like Vélez-Blanco, are also great choices for their tranquillity and rich cultural heritage.
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