Many people used to wait until they retired to reward themselves with a house in Spain - buying a house with cash they’d saved or gained from downsizing their house at home. Another option, especially advantageous now when interest rates are low and rental prices are rising due to high demand, is to buy an investment property already at working age. By the time you retire, you can have paid your Spanish mortgage and have been able to enjoy your second home with your family already for years.

Home loans are available for foreign buyers in Spain and you can get a mortgage for your second home from a Spanish bank. Spanish banks can mortgage up to 70% of your purchase price or valuation - whichever the lowest. So if you are a well-earning professional, this might be a great moment to invest in a house on the Costa del Sol, while the prices are still reasonable. No doubt that many people plan to retire here, so it is expected that rising demand will push prices up sooner rather than later.

Contact us if you are interested in buying property and hearing more about your options. When you are ready to buy, we also organise house tourings free of charge, where we introduce you to the new developments on the Costa del Sol or help you to finding a resale home that fits your needs. There's no need to wait untill retirement to get a home in the sun. Enjoy life now. Check out some of the new developments here.