Real estate in the resort location has always been considered an object of high demand and significant profit among foreign buyers. Most of them prefer Spain and its beneficial destinations. One of such unique places is Lloret de Mar. Potential homeowners are attracted by the mild maritime climate, clean beaches, and quality Mediterranean products. The region attracts buyers with its economic stability, legislation protecting the rights of citizens, and developed infrastructure and transport system. Buying apartments in Lloret de Mar for foreigners is an advantageous option which guarantees the most comfortable conditions for integration and getting profit.
Lloret de Mar – pros and cons
Buying real estate in Lloret de Mar is a dream for most foreigners as the destination offers unique conditions for living and investing. Here you can buy a luxury apartment with advanced amenities for individual purposes or for leasing without spending a fortune. Of course, property in the resort location cannot be cheap, but local apartments are absolutely affordable for foreigners with stable income.
Benefits of the region of Lloret de Mar
- No restrictions for purchase by foreigners.
When drawing up contracts for the purchase of square meters there are no restrictions for foreigners. Citizens of other countries, who have sufficient financial resources, have the right to obtain documents for an apartment.
- Relatively low price on real estate.
Lloret de Mar offers affordable housing of premium quality to foreigners. Considering the well-established transport links, advanced infrastructure, and full furnishing, the cost of apartments definitely corresponds to its quality.
- Excellent sea coast.
The sea coast is considered environmentally safe. The main characteristics of the area are the purity of the water and proper design of the coastline and beaches.
- Well-developed infrastructure.
Foreigners, who buy real estate in Lloret de Mar, get the opportunity to enjoy high-quality medical services, a network of shopping facilities, and abundance of cultural attractions.
Drawbacks of the region of Lloret de Mar
Generally speaking, we can highlight only one major drawback of the area. It is a noisy atmosphere during the hot season. If you are looking for a comfortable place for family living, constant hustle and bustle, crowded nightclubs and discos can be disturbing and annoying.
On the other hand, if you are not used to a quiet lifestyle, Lloret de Mar is an ideal option. Here you can enjoy active nightlife, meet new people from all over the world, and spend unforgettable time.
The constant flow of tourists with the desire to relax and experience new emotions provides exceptional conditions for rental housing. Apartments for leasing are always in high demand bringing 6-7% ROI per annum.
Becoming an owner of apartments in Lloret de Mar
Buying real estate in Lloret de Mar is a straightforward process that requires responsible approach and correct preparation. Knowledge of Spanish legislation and in-depth investigation of the Spanish real estate market are the key moments in performing a successful deal. The process of buying apartments in Lloret de Mar usually requires the following steps:
- Choice of the suitable object for the purchase.
- Booking the necessary housing object.
- Searching for a certified interpreter to negotiate with the seller.
- Searching for a certified lawyer to conclude the deal.
- Opening an account in a Spanish bank.
- Obtaining NIE number.
- Checking cleanliness of the legal side of the property and absence of debts.
- Compiling the Preliminary Contract of Sale.
- Signing the Contract of Sale.
- Registering the new owner.
If the previous owner has no debts and there are no unpredictable issues, the process of buying is performed in 10 listed steps.
Property prices in Lloret de Mar
It is unlikely to find comfortable housing in Lloret de Mar for less than €150,000. Depending on the location relative to the sea line, the type of residential property, the availability of full or partial sea view and other characteristics, the cost can reach several million euros.
Foreign buyers should know that property in the resort location cannot be cheap. However, the cost will definitely pay off due to high liquidity and incredible demand for rental real estate.
Looking for reasonably priced apartments, go to the website Spain-Real.Estate. The aggregator offers apartments decked with beautiful views and a rich number of amenities. Abundance of appealing variants for foreign investors is represented on the website to maximize the benefits and increase capital gains.
Owning real estate in Lloret de Mar is a perfect option for spending holidays near the sea and renting out your property during your absence. The real estate market constantly evolves and offers more and more beneficial housing units at affordable prices.
Purchase of real estate abroad is always a rational solution for saving capital and gaining sound profit.