A Guide to Buying Benidorm Real Estate

Benidorm’s many attractions, superb micro-climate, proximity to an international airport, its location on the Costa Blanca and its many amenities, make it the ideal place to buy a holiday home, investment property or permanent residence. Many people who holiday in and around Benidorm end up buying Benidorm real estate because it’s such a fantastic place.

Buying Property in Benidorm

If you have enjoyed holidaying in Benidorm and just can’t get enough of the town, you may well be considering buying a slice of paradise, your very own Benidorm property. Many hundreds of people do this and have no regrets, but you need to think carefully and plan your purchase, particularly if you intend to move to Benidorm permanently. Don’t rush into any decisions! You don’t want a dream to turn into a nightmare.

Types of Property

Benidorm Spain real estate is very varied and offers a wide choice . There are plenty of Benidorm apartments to buy, as well as other types of Benidorm property, such as town houses, semi-detached properties, villas, fincas and cortijos, ruins for renovation and new or off plan properties. Villas with pools, ruins and fincas or cortijos will be in the rural areas around Benidorm.

Different types of property suit different people. A town centre apartment or Benidorm accommodation building may suit an older couple or young couple who want to be near facilities and who are not bothered about having land or a garden. A family will want some outdoor space, perhaps even use of a pool, and will want to be near facilities like schools. A holiday home owner will probably want to be near a Benidorm beach and town facilities. Someone buying a property to let out may want a property with a pool or near to the beach and main town facilities. Think about your lifestyle and your needs because that will determine what type of Benidorm property is right for you.

Tips for Buying Benidorm Property

Here are some tips to help you find your dream Benidorm property:

• Visit Benidorm on numerous occasions at different times of years
  This will allow you to get a feel for the different areas of the town and its surroundings, and will show you what the town is like in high and low seasons.
• Consider your own personal needs and requirements
  Do you need to rent out the property when you are not using it? If so, you will want to choose a property near the beach and town facilities, or with a pool. Will it be your own home? Do you need to be near facilities like schools?
• Research
  Read up about Benidorm and the surrounding area, register with some estate agents and look on the internet for information on property buying and the price of properties.
• Decide on an area
  Do you want to live in the town centre, in the Levante or Rincon de Loix areas or do you want to live in a more rural area within travelling distance of Benidorm?
• Decide on a type of property –  New or resale? Apartment or villa? Town centre or rural? Think about your needs and what would suit you best.
• Look at properties
  See a range of properties and look carefully at what they offer. Does the property have air conditioning for the summer and some type of heating for the winter? Does it have a garage or parking? Do you want the use of a pool? Etc. Also visit your favourite properties at different times of day to see what the area is like in the day and at night. Take digital photos and make notes on the properties you visit
  it’s easy to forget the finer details when you’re visiting a large number.
• Rent first
  After visiting the town a few times, rent a Benidorm property before you consider buying property. Renting in your chosen area and in your chosen type of property will confirm to you whether you have made the right decision or whether you need to investigate another area or pick another type of property.
• Take your time
  Mull the decision over and don’t buy on a whim or because you feel pressurized on an inspection tour. Yes, there are lovely apartments to buy and stunning villas, but give yourself a ‘cooling off period’ and think carefully.
• Get good advice
  Ask for advice and tips from other expats, as well as picking yourself a good abogado (lawyer). Don’t choose the abogado recommended by the builder or estate agent, choose your own on the recommendation of other expats. You want your lawyer to be representing your interests, not those of the builder! A good lawyer will check everything out for you and ensure that your chosen property is fully legal.
• Budget
  Stick to your budget because things always cost more than you think! Allow at least 10% on top of the price of the property for expenses such as legal fees and taxes.
• Get a survey done on an older property
  This is not normal practice in Spain, but is worth doing for peace of mind.

Benidorm is a wonderful place and buying your very own Benidorm property can give you the lifestyle you’ve always dreamed about. Just take your time and plan carefully.