This is so true, I remember a couple that were set on moving to fuereventura in the canaries because it was so relaxing and away from their busy lives in Dublin, they spent 3 weeks over Christmas there on another holiday with a view to moving there. Everything was closed , it was so quiet, they were bored out of their trees.1. Rent in the area for at least 4 continuous weeks during Nov/March. (Believe me this time will indicate whether Spain is for you)
You don't have to wait a year to change location, you can do it every 4/6 weeks if you wish.If you are looking to escape some of the Irish winter, you can rent a nice apartment in many Spanish locations for 3 or 4 months for the same annual cost as owning a property (and without having to make a capital outlay). And you have none of the worries about perhaps renting the property to recoup some of the costs when you are not using it.
And you can change your location each year.
I have about 35k cash and we my wife and I 50 yrs. Going to retire in 5 years time. Kids will be married and gone. Had enough of long winter evenings, food and cost of living way to high in Ireland and cold environment most of the year. Unfortunately Spain will be going into a recession and I hope to pick up a small property in the South of Spain. Will buy near a reconised airport. Any areas in particular that are good to live in? James.
It gets cold and dark in Spain in the winter too!
If you buy somewhere in a complex with a swimming pool, it will be empty and soulless in the winter. You will also need to check out what facilities are still open. If the complex has a supermarket, it's likely that place will be closed too in the winter, so how far will you need to travel to get groceries? If you live in a town, where there is some life in the winter, you will probably forgo a swimming pool, which will be nice to have when the weather improves.
As for price, if you bought somewhere for €35k in Ireland, it is probably in the middle of nowhere or in a crime ridden area. The same applies to Spain. You will really need to do your homework on the area that you are buying in. No point in living in an area with a drug problem or an isolated place where you don't meet anyone.
I would keep the capital and spend it on being able to move around the place. If you get it wrong one year, you just don't go back. If you love it there, the landlord will be perfectly happy to book you in for the following year if you are block booking for months.
We purchased in Tenerife 20 years ago. We enjoyed many long holidays there. Weather in winter is usually good around 20 - 24 deg.I have about 35k cash and we my wife and I 50 yrs. Going to retire in 5 years time. Kids will be married and gone. Had enough of long winter evenings, food and cost of living way to high in Ireland and cold environment most of the year. Unfortunately Spain will be going into a recession and I hope to pick up a small property in the South of Spain. Will buy near a reconised airport. Any areas in particular that are good to live in? James.
Interesting post by Browtal.... Wondering if prices have bottomed out in Lanzarote?We purchased in Tenerife 20 years ago. We enjoyed many long holidays there. Weather in winter is usually good around 20 - 24 deg.
Lots of demand for renting, in the winter, but then you don’t have it for yourself.
Eating out is very cheap and with no heating costs you can live cheaply. Lots of Irish people there too.
We now sold ours with a 25% profit as it becomes a chore to keep it and bear in mind the. 4- 4 1/2 hour flight.
However we would not spend from November/March in Spain, as we found it too cold.
We really enjoyed our years there and still return autumn and spring renting in same complex. It is not easy to get a rental property if we had no contacts we would not get a property for the months we want.
In relation to purchasing, prices have reduced because of Brexit and The Covid 19 is bound to effect prices too. So should be a good time to purchase.
Good luck with your decision. Browtal
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?