To rent or to buy? That is the question

For most people, buying a property in a foreign country is going to be a very big deal. Making sure you are buying the right area, and buying something that suits your lifestyle is very important and something that you will not necessarily know straight away. You need to get a feel for the locations and learn what each area has to offer for example. This is why a number of people with insist on renting before they purchase their dream home. Because of this renting on a long term basis can help with understanding areas, urbanisations and more.

It is important then to understand how rentals in Spain work. Almost all contracts will be for a minimum of 11 months, sometimes shorter, but never less than 6 months in duration. You should discuss this with your agent as they will be able to guide you as to what will be available for your dates and duration. 

Another thing is to make sure that when you are about to sign a contract that you check the following points:

  • The monthly payment amount and scheduled pay dates
  • Payment of other fees such as taxes and community fees and who is responsible for them
  • Lastly the duration and any special conditions that may be noted

We have had instances in the past of renters buying the property they live in. This is perfectly normal and again there will be parts in the contract that state this possibility.

There is no doubt that it will help some buyers a lot more than others, but we are here to help and specialise in renting and selling property in Marbella, Benahavis and Estepona.  For more details get in touch with how we can help you today.

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