Let’s face it, nothing better than good weather! Adding a serene environment with affordable properties to the picture makes it irresistible. Well, that is what you will be signing up for when you decide to live in Costa Blanca. Going through facts and statistics, it is not surprising to know that Germans and the British are making this area their safe Heaven.
The search for the good life
Walking down in Moraira on a summer market day, you will find hordes of senior citizens. When they are not soaking sun rays over a coffee, they are walking through vegetable and fruit stalls. Most of these pensioners come from Britain, Germany, Switzerland, and Austria. They all converge in Costa Blanca in search of the good life.
Other German visitors to Costa Blanca are only here to nestle through the winter. Unlike Germany with cold winters, you can go swimming, play tennis, and dine outdoor with friends in Costa Blanca during the winter. While in Germany, residents huddle up in their homes during the winter, Costa Blanca lets you spend the day outside. The situation is not so different in the UK. That makes a huge difference.
An escape from economic hardship
Germany is struggling with its economy. For the elderly, leaving the shores of their country opens the door of opportunities to a better living standard. Also, some illnesses like rheumatism and arthritis are made worse by extreme cold. Some senior citizens who relocated from Germany to Costa Blanca say they feel better and don’t have to rely on painkillers. This also means they spend less on medication and more on just enjoying their life.
Buying and running a property is easier in Costa Blanca
No doubt, the reason why Germans and British are making Costa Blanca their home is partly because of the ease of owning a property. Since the 2008 Spanish property avalanche, villas are still available at low prices. Owning a property by the sea remains a sound investment even at the peak of a financial crisis. Therefore, this presents an opportunity for investors to tap into the housing sector. It will interest you to know that Spain has the lowest property running cost in Europe.
Things you should know before buying a property in Costa Blanca
If you are hoping to buy a property in Costa Blanca, there are a few things you should know. You need to identify the house or villa that you like. Other questions you should try to resolve to include; do you want to build the property or buy a resale? How do you want to pay for the property? What is your choice location?
The price foreigners pay per square meter is growing depending on the location. One of the most expensive regions to buy a property is Balearic Island. Interestingly, there are growing German and British communities, particularly in the Balearic Islands and the Canary Islands. Nevertheless, purchasing a property in a community with familiar faces always helps to heighten the experience.
Steps to buying a property in Costa Blanca
Once you have identified your property of choice, follow these steps to complete your purchase.
- Get your NIE (Número de Identificación de Extranjeros)
- Hire an English speaking lawyer or one that can speak your language
- Open a bank account
- Decide whether you need a mortgage
- Sign the “contrato de Reserva”
- Take an expert to run checks on the property
- If you are using a mortgage, get it confirmed
- Sign the “contrato de Arras”
- Visit the Notary to sign the property purchase contract
While the majority of Germans and Britons want to live in Costa Blanca because of the pristine weather, others are capitalizing on the property investment opportunities. Whatever the reason may be for you, one thing is certain; Costa Blanca will make you feel at home.