Living in Ibiza is a dream for many people. And although the real estate offer on the island of Ibiza is sometimes limited, there are opportunities to find apartments in Ibiza for less than 200,000 euros and make that dream come true.
And to prove it, we have selected ten fabulous opportunities to invest or to use as a second home on this dreamy island.
Deciding the timing to buy a home is something you must think about calmly. Getting carried away with an impulse can cost dearly. And the same risk exists if you wait for a better time that, in the end, never comes.
It is essential to consider several elements, both personal and related to the market, to make the right decision.
Spain has a huge attraction for foreign investors and people who want to enjoy the beauty and climate of its coastal areas throughout the year. Besides, it is possible to obtain a residence permit by buying a home in Spain. That's what is called Golden Visa.
Although there are different ways to obtain it, real estate investment is one of the most attractive due to the characteristics of the Spanish market. There is, however, a mandatory requirement: the property asset acquired must have a value greater than 500,000 euros.
Bank interest rates have broken historic lows in recent months. However, the increasing demands of banks and the expenses associated with mortgage loans are pushing more and more buyers to consider the possibility of buying a house without a mortgage.
This option has significant advantages. On the one hand, we avoid commissions and expenses associated with bank financing. On the other, it's a time-saver, as we won't need to carry out all the necessary procedures to obtain and sign the mortgage. And, finally, it is easier to negotiate conditions with the seller and make a profit.
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