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Tips For Buying High End Spanish Property

Marbella is one of the most popular destinations for buyers of high-end holiday homes in Spain

. The reasons for the popularity of the citys real estate include the facts that the city is on the Mediterranean Sea, it has wonderful climate, well-developed touristic infrastructure, and is a cultural hotspot. Marbella is popular because of its attractive architecture, its sporting facilities, and its many museums and other cultural attractions. Marbella, often referred to as the St. Tropez of the south, has long been a playground for the rich and famous, and the likes of Antonio Banderas own property here.

Analysts believe that Marbella property prices have hit the bottom, again adding to the current popularity of this real estate investment market. Banks have been offloading previously repossessed properties ever since September 2011 and real estate developers are trying to sell off properties as fast as they can. This means Marbella property prices are very attractive at the moment.

You should not, however, rush your decision. Here are several tips that will help you make an informed decision. When going property shopping, do not restrict yourself to the famous Golden Mile between Marbella and Puerto Banus. You can find good properties in other parts of Marbella as well as the surrounding locations such as Sierra Blanca, Puerto Banus, La Zagaleta, Nagueles, Sotogrande, Monte Mayor, and El Madronal.

Compare as many options as possible to increase your chances of landing a great deal. Your choice should be based on your particular requirements. For example, buyers can choose between houses, large country estates, mansions, villas, chalets, apartments, penthouses, and luxury residences.

You should consider enlisting the services of a real estate agent to help you with your purchase. Real estate agents have the experience, training, and contacts necessary to get the best high-end property in Marbella at the best price. Real estate agents like know the property values and the market conditions, meaning you will pay the right price for your property. Hiring a real estate agent gives you unparalleled convenience since the agent will handle the actual search, the paperwork, the finances, and other aspects of the purchase. If you are buying the property from outside Spain, hiring an agent saves you money since you do not need to travel backwards and forwards to Spain. Your anonymity will also be protected when you hire a real estate agent.

Do not put pen on paper without seeking legal advice. Although there is no legal requirement to hire a lawyer before making a purchase, it is certainly a good idea to do so. There are several property conveyancing solicitors in Spain.

Buyers should ensure that the relevant property searches are done and that the deed to the property is good and correct. Go through the fine print of the agreement before buying the property. This will ensure you understand the finer details in the deal.

And finally, do not shy away from haggling over prices if you want a good deal! Buying a high-end property these days does not have to mean paying high prices.

by: Michael Liggan
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