Mortgages Costa Del Sol

Costa del Sol remains one of the most popular places in Spain for property investment. The climate is excellent, you’ll find attractions in the area for everyone, from bars to sporting facilities and magnificent malls. Costa del Sol currently provides thriving employment opportunities and booming urban conditions. Properties in the area range from basic apartments (pisos) to luxury villas (casa sensorial), while prices are lower than some other parts of Europe when you avoid the wealthier resorts. Getting a mortgage in Costa del Sol is a good idea! Read on more about Mortgages Costa Del Sol below.

Getting a Mortgage in Costa del Sol

You’ll find getting a mortgage in Costa del Sol to be an exciting process, particularly since Spain encourages foreign investors with it’s so called “golden visa” or visa-and-property scheme, where under certain conditions, including a minimum investment scheme that can be spread over various properties, investors receive a Spanish residency permit. Spanish banks, too, produce an array of mortgage products specifically designed for foreign and expat investors.

Interest rates vary but are mostly far lower than many places in Europe – certainly than in the U.K. Shop around to compare prices before you ask a bank to improve on offers. (Many might!).

Best places for looking for a mortgage in Costa del Sol

Three of the best places for living, therefore, for seeking a mortgage in Costa del Sol happen to give you other benefits, too. The fishing village Nerja, with its traditional whitewashed houses, is an expanding town with plenty of work opportunities and an affordable market. Mijas, close to the coast and always looking for labor, has a range of reasonably-priced houses and apartments, while Torrox, officially declared the healthiest town in Europe, gives you healthy property prices, too.

In contrast, the villages of Alhaurin el Grande, Puerto Banus and Nueva Andalucía all lean to the high-end crest.