You forgot the Philippines which was a colony of Spain from 1521 to 1898; in fact, Magellan was killed in the Phils. She lost it to the US after the Spanish-American War of 1898.
Yeah Philippines was a colony indeed. If you are from PH and live in Spain you can apply for citizenship after 2 years in the country instead of the usual 10.
they can, you can buy anything for any price regardless of your citizenship. But buying property doesn't automatically grant you to right to live in Spain.
@@traveleconomics I suppose Spain will grant the NIE even for one of these sub 50k properties? I would only goto Spain on a tourist visa for august, no more
@@XRPSwan you don't need to buy the property to get the NIE. You can get a non-resident NIE just by showing you have the intention to buy a property (before buying it). This NIE doesn't make you eligible to work, but it will allow you to open a bank account and buy the property. The property value is irrelevant.
Any suggestions for a property in Asturias would be welcomed.. range $60,000- $125,000. Smaller city with all basics.. American citizen looking to retire in 5-10 years
You have plenty of options in Asturias in this price range. Just make sure you are able to qualify for the retirement visa in Spain that currently needs one to show an income of around 2.7k usd month.
As an Argentine-American with a Spaniard father, I'm think it's easier for me to purchase in Buenos Aires. Or shoot, upstate NY even. Spain is OK, and in Europe, but IDK
do you know how to compute the energy efficiency of these apartments for sale? i noticed that those cheap apartments have low energy efficiency rating.
@traveleconomics Thank you for the swift reply! Do you have any insight on dual taxes? For example, if I have a remote job from an American company, would I have to pay taxes twice?
Hi Claudia. It is a very good point you have made. Inexpensive is definitely a better word to describe properties with low prices. The reason why I basically have to use "cheap" is because the keyword cheap property has a much wider range than the keyword inexpensive property. Since the goal is to bring knowledge to a broader audience, I have to use "cheap" for statistical reasons. To sum it up I wish I would use "inexpensive" too haha
My advice to you is start with REITs, that way you have a hedge against inflation or whatsoever. Certainly, you can either get a resident visa or simple visa as you have said.
@@dianasaralidze2776 A real estate investment trust is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate.
@@dianasaralidze2776 Financial freedom is about control. Control over your financial present state and future of your financial state. It simply comes down to investing right and investing with the right company. I have plenty of passive income to live off of all because I learned the importance and principles of valuing investing and investing rightly. If you are open to having a solid conversation, then we actually have some intellectual property talk.
Gracias for the overview! Can you recommend a relatively upscale (but not overpriced) suburban town around 35 minutes away from central Madrid, with good connections?
Poderia me tirar algumas dúvidas? Sobre essa hipoteca, vamos supor que eu dê de entrada 30% do valor e hipoteque o resto, pagando 103 euros por mês durante 30 anos, vamos supor que eu consiga alugar o imóvel por 600 euros, ou seja, vou tirar 103 euros para pagar a hipoteca e o resto sobra pra mim. essa grana que sobrou da para eu amortizar essa hipoteca para conseguir pagar mais rapido e os juros n correrem tanto?
tu poderia fazer um vídeo explicando o que tu faz na prática pra se dar bem com real estate investing? é que tenho dúvidas a respeito de como funciona hipoteca aqui na espanha... da para amortizar? se eu amortizar vai reduzir o nível de parcelas? como funciona essa parte?
provavelmente sim, mas voce deve se ater aos termos do contrato no que consta sobre o pagamento da hipoteca. Nem todas a hipotecas vao permitir pagar o montante em debito na hora que voce quiser.
@@chrisg-re5cy fundos imobiliarios. O dividend yield dos fundos imobiliarios eh quase sempre superior a porcentagem de lucro que voce vai conseguir fazendo um buy to let. Considerando amortizacao, inquilino que para de pagar, seguro, financeiramente os fundos imobiliarios, tanto na espanha quanto no brasil sao melhores do que comprar um apartamento para alugar. Dito isso, se voce fizer tudo sozinho, consertos, nao contratar imobiliaria, ai pode ser que voce consiga um retorno decente.
tambem devo te dizer que se voce arranjar uma hipoteca aonde voce vai pagar apenas 103 euros por mes em 30 anos, eh praticamente impossivel que voce consiga alguem que pague 600 euros de aluguel. A nao ser que de voce de de entrada coisa do tipo 80% do valor do imovel.
You can get a mortgage in Spain even if you don't live there (as long as you the income requirements for the bank in which you are applying for a mortgage).
It's a shame you haven't put place names on the drone images (I'm guessing becuase they aren't so cheap?) but would still be cool to see where these beautiful places are! Perhaps for future videos?😃
To buy a Real Estate in Spain you have to find the professional Real Estate agents and thats not easy. Most of them are non reliable and don't know anything about the real estate business and the market. Even the very well known companies e.g. E+V, they are good in Marketing but their staff is limited, same with Solvia. At the end the additional value to work with a agency is missing in 90% of the cases. And most of these agencies are working only from Monday to Friday. Good luck for everyone to find the good guys Many times its easier to buy directly from the owner.
You forget to mention that cheap is for a reason a lot of times.... noisy/dangerous neighbours and area, apartment in buildings with structural issues and also messy paperwork. So to all reading this, make sure to do your homework properly before commiting to buy a "cheap" apartment in Spain.
You have some valid points. But the main point that they are cheap is that rural areas in Spain are facing a population decline. Even a nice house can be cheap if there's no people to buy it. Liquidity is very low.
Sorry but this info is not accurate. They don’t give mortgages for less than 50,000 euros so forget about it. I been trying to find something decent in different places of spain in the last 2 months and either you got the cash plus the closing fees and taxes. Most Spanish people won’t do seller to buying loan options. They got the rent to sell option but is very high prices and must buy the place in less than 5 years and if you don’t. You lose the cash and the property. Plus if you don’t have a nie number you can’t buy in here. I’m very frustrated!
The bureaucracy in Spain is painstaking indeed.. Financing opportunities vary a lot from bank to bank and how they assess the risk of every client individually.
@@rednorway7714 it really depends on what you like, I personally like Madrid, so I'd try to stay close to it. Andalusia is also nice, Granada is lovely but gets too hot during summer. Asturias is also a great place but too boring and far from the action. If you need an individual consultation feel free to contact me.
@@traveleconomics Hi, I'm hungarian And want to buy a protperty in sain in about a year in cash, either manily land but anything good bargian can come up? Where should I buy, if I manily want to live there in the colder months, from mid november to mid march, so I would want the hottest lace, with goof facilitie, surrondings, people, so I'M MAINLY LOOKING for a place to be in Andaluzia, as far as i know that is the hottest area in sain, also in winter too. Which would be my best bet? So main priority is price, than temperature in winter, than the area, don't be boring, but also don't be too crowded, or polluted. Mmainl looking for a land where I can lace a modern design, nice looking mobile house, or a cheaer apartment or shop, caffe shop pizzeria or restourant to renovate it and convert it into a modern apartment, but mainly a land, in the city or near it.
Great video, I am Brazilain, there is the option of non lucrtive VISa and the Golden visa, will both of them allow me to ask for citizenship after 2 years living 6 months on Spain? thanks
Oi, podes me escrever em Portugues. Sim, voce pode pedir a cidadania apos 2 anos. Porem existem mais alguns detalhes ai. Nao e necessariamente tao rapido, depois que voce entra com o processo para obter a nacionalidade por naturalizacao tambem demora. Se voce quiser marcar uma chamada me avise, posso te explicar melhor isso e dar outras opcoes interessantes.
@@neeloferkhan6423 If you are Brazilian (and from some other countries) you can apply for citizenship after leaving in 2 years instead of 10 that most citizens require.
Is it possible to obtain financing for a flat in Spain as an american? I’m retired and live on my pension. Hoping that I can use my income to finance a flat in Valencia. I’m currently in the US
Hi Tom. It is possible. But now all banks give mortgages to non-residents (but some in Spain do). If you apply for a golden visa you cannot finance the properties. For other types of visas you can finance properties. If you need more details check the links in the description to contact me.
@@traveleconomics thank you for the reply. I don’t plan on applying for a visa since I only plan on staying there a few months out of the year. Are rates comparable to US rates? 2.25% fixed for 30 years or lower?
@@terraGaliciaXXIV for Spanish residents with Spanish income they are lower and comparable. For non-resident foreigners they are much higher, around 5-6%.
I just can’t understand that anyone would pay so much for a used holiday home, it’s not better than a used car. 20-30 years old and more. When there are brand new homes for almost the same price and with warranty ! Old things always need DIY and that is so expensive these days both material and labor.
An used car has absolutely nothing to do with an "used" holiday home. Most cars lose 80% of their selling price in the first 10 years after sold as new. An "used" holiday home is unlikely to lose much of its value in the first 10 years, in some cars its price may even appreciate.
@@traveleconomics the thing is that you can look at a 20-30 year old house or flat that is outdated and needs lots of DIY and new materials but that is only cosmetics. The building standards were not the same, windows, roofs, bathrooms, pipes, electricity, just like a used car it’s easy to make a temporary fix and put a new surface on it. But when pipes or roofs and so on begin to leak you will end up paying a lot more for your old house or flat than if you did buy a brand new at almost the same price. Very risky business buying used houses and flats.
@@svenssvensson9024 You really are not experienced to offer real estate advice, that is clear. New builds are often in out of town locations, built with low quality materials, and no house is free of maintenance. Your comparison to a car is just laughable, read without having to post. We would all be better off for it.
@@bruceketcheson4877 that is your opinion. You don’t know my experience. I tell you these prices are driven by low interest rates and easy borrowing. That will soon change due to the fact that inflation is on the way up and that will bring the interest rate up to a level that many can’t afford. At the same time due to Covid it’s much more difficult to find customers to rent out your property to.
land 12,000m2 for 7,000 euros. Both are within 2km of each other at Maella Aragon.
Contact?
Can we talk
@@MrVarinder l knew you were a time waster because you are indian
Excellent presentation !
Interesting and very informative video!! Bravo 👏👏
Great video thank you 🌸!
Amazing channel ❤️
You forgot the Philippines which was a colony of Spain from 1521 to 1898; in fact, Magellan was killed in the Phils. She lost it to the US after the Spanish-American War of 1898.
Yeah Philippines was a colony indeed. If you are from PH and live in Spain you can apply for citizenship after 2 years in the country instead of the usual 10.
You forgot to mention if Non-EU foreign nationals can buy a 40,000 euro property
they can, you can buy anything for any price regardless of your citizenship. But buying property doesn't automatically grant you to right to live in Spain.
@@traveleconomics I suppose Spain will grant the NIE even for one of these sub 50k properties? I would only goto Spain on a tourist visa for august, no more
@@XRPSwan you don't need to buy the property to get the NIE. You can get a non-resident NIE just by showing you have the intention to buy a property (before buying it). This NIE doesn't make you eligible to work, but it will allow you to open a bank account and buy the property. The property value is irrelevant.
Any suggestions for a property in Asturias would be welcomed.. range $60,000- $125,000. Smaller city with all basics.. American citizen looking to retire in 5-10 years
You have plenty of options in Asturias in this price range. Just make sure you are able to qualify for the retirement visa in Spain that currently needs one to show an income of around 2.7k usd month.
@@traveleconomics thank you
The second apartment shows in the beginning the same pictures as the first apartment you are showing ……..
As an Argentine-American with a Spaniard father, I'm think it's easier for me to purchase in Buenos Aires. Or shoot, upstate NY even. Spain is OK, and in Europe, but IDK
Well @Martins, my advice to you is start with REITs, that way you have a hedge against inflation or whatsoever.
Yes but in BA the properties are more expensive. Saludos!
The problem with BA is being in Argentina. The country is broke and getting worse every day.
@@tillmasda that's the truth. It's terrible all around
Buy property in Argentina? 💀 for what purpose? So the government can seize it later?
do you know how to compute the energy efficiency of these apartments for sale? i noticed that those cheap apartments have low energy efficiency rating.
My parents were born in Mexico, but I'm an American citizen. Would I have to wait 10 years, for citizenship in Spain?
First you need to get Mexican citizenship by descent, then live in Spain with a residence permit on your Mex passport.
@traveleconomics Thank you for the swift reply! Do you have any insight on dual taxes? For example, if I have a remote job from an American company, would I have to pay taxes twice?
@jq2561 book a consultation call and we can talk this through
@@traveleconomics Sounds good 👍. Thanks!
Great content thank you. I do wish you would use inexpensive instead of cheap. My pet peeve of course.
Hi Claudia. It is a very good point you have made. Inexpensive is definitely a better word to describe properties with low prices. The reason why I basically have to use "cheap" is because the keyword cheap property has a much wider range than the keyword inexpensive property. Since the goal is to bring knowledge to a broader audience, I have to use "cheap" for statistical reasons. To sum it up I wish I would use "inexpensive" too haha
@@traveleconomics that makes sense. 😁
Hi
If I buy a cheap house around 100k Euro
Can I get visa easily?
I am not talking about Golden visa or residency
I mean simple visa ?
Thank you
My advice to you is start with REITs, that way you have a hedge against inflation or whatsoever. Certainly, you can either get a resident visa or simple visa as you have said.
@@rosariobahri2903 REIT what is it?
@@dianasaralidze2776 A real estate investment trust is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate.
@@dianasaralidze2776 Financial freedom is about control. Control over your financial present state and future of your financial state. It simply comes down to investing right and investing with the right company. I have plenty of passive income to live off of all because I learned the importance and principles of valuing investing and investing rightly. If you are open to having a solid conversation, then we actually have some intellectual property talk.
Gracias for the overview! Can you recommend a relatively upscale (but not overpriced) suburban town around 35 minutes away from central Madrid, with good connections?
De nada. I like Toledo, Avila, Segovia.
Poderia me tirar algumas dúvidas?
Sobre essa hipoteca, vamos supor que eu dê de entrada 30% do valor e hipoteque o resto, pagando 103 euros por mês durante 30 anos, vamos supor que eu consiga alugar o imóvel por 600 euros, ou seja, vou tirar 103 euros para pagar a hipoteca e o resto sobra pra mim. essa grana que sobrou da para eu amortizar essa hipoteca para conseguir pagar mais rapido e os juros n correrem tanto?
tu poderia fazer um vídeo explicando o que tu faz na prática pra se dar bem com real estate investing? é que tenho dúvidas a respeito de como funciona hipoteca aqui na espanha... da para amortizar? se eu amortizar vai reduzir o nível de parcelas? como funciona essa parte?
provavelmente sim, mas voce deve se ater aos termos do contrato no que consta sobre o pagamento da hipoteca. Nem todas a hipotecas vao permitir pagar o montante em debito na hora que voce quiser.
Outra dúvida tbm, se eu comprar um imóvel e querer alugar, posso deixar tudo na mão da imobiliária para n se estressar?
@@chrisg-re5cy fundos imobiliarios. O dividend yield dos fundos imobiliarios eh quase sempre superior a porcentagem de lucro que voce vai conseguir fazendo um buy to let. Considerando amortizacao, inquilino que para de pagar, seguro, financeiramente os fundos imobiliarios, tanto na espanha quanto no brasil sao melhores do que comprar um apartamento para alugar. Dito isso, se voce fizer tudo sozinho, consertos, nao contratar imobiliaria, ai pode ser que voce consiga um retorno decente.
tambem devo te dizer que se voce arranjar uma hipoteca aonde voce vai pagar apenas 103 euros por mes em 30 anos, eh praticamente impossivel que voce consiga alguem que pague 600 euros de aluguel. A nao ser que de voce de de entrada coisa do tipo 80% do valor do imovel.
Can I get a golden Visa if I take out a mortgage for 500 ,000
no. Golden visas are only possible without mortgages.
also, can Non Lucrative Visa holders get a mortgage in Spain?
You can get a mortgage in Spain even if you don't live there (as long as you the income requirements for the bank in which you are applying for a mortgage).
@@traveleconomics but i think the fees are higher?
@@SuperbTraveler yes but not extremely higher. However the best deals are for residents indeed.
¿Puedes traducirnos en árabe?
si quieres, puedes hacerlo.
Google..
It's a shame you haven't put place names on the drone images (I'm guessing becuase they aren't so cheap?) but would still be cool to see where these beautiful places are! Perhaps for future videos?😃
First make sure your target property is legal that it is registered in the city hall.
To buy a Real Estate in Spain you have to find the professional Real Estate agents and thats not easy. Most of them are non reliable and don't know anything about the real estate business and the market. Even the very well known companies e.g. E+V, they are good in Marketing but their staff is limited, same with Solvia. At the end the additional value to work with a agency is missing in 90% of the cases. And most of these agencies are working only from Monday to Friday. Good luck for everyone to find the good guys Many times its easier to buy directly from the owner.
I found its super hard to get in to a contact with an owner. From what Ive seen online its mostly agencies and nobody bothering to reply.
🔥🔥🔥🔥🔥
Hello, any contact Information?
checkinprice.com/contact/
Thank you for an excellent video! Very helpful!
I’ve been consulting Idealista for property in Italy.
Ceva site uri pentru buying a house în Spain 2022?
Și ceva joburi cules căpșuni, 2022?
Is interesata și eu și mama mea biologica!
Is the 500k Euro investment net or would that include a 500k mortgage?
mortgages are not allowed in any golden visa.
Can an European citizenship gets loan from Spanish bank to buy home there? I mean pay 30 percent of price the home and pay others in loan?
Yes, you don't even need to be an European citizen. But you need a stable and high salary to get a mortgage as a non-resident.
@@traveleconomics thanks for answer but my bank is in Finland…not Spain…is that enough?
@@marjanmarbouti5425 You need to do it through a Spanish bank.
You forget to mention that cheap is for a reason a lot of times.... noisy/dangerous neighbours and area, apartment in buildings with structural issues and also messy paperwork. So to all reading this, make sure to do your homework properly before commiting to buy a "cheap" apartment in Spain.
You have some valid points. But the main point that they are cheap is that rural areas in Spain are facing a population decline. Even a nice house can be cheap if there's no people to buy it. Liquidity is very low.
Sorry but this info is not accurate. They don’t give mortgages for less than 50,000 euros so forget about it. I been trying to find something decent in different places of spain in the last 2 months and either you got the cash plus the closing fees and taxes. Most Spanish people won’t do seller to buying loan options. They got the rent to sell option but is very high prices and must buy the place in less than 5 years and if you don’t. You lose the cash and the property. Plus if you don’t have a nie number you can’t buy in here. I’m very frustrated!
The bureaucracy in Spain is painstaking indeed.. Financing opportunities vary a lot from bank to bank and how they assess the risk of every client individually.
Where are you looking to buy? I want to buy in Asturias but due to COVID I have not been able to travel there..
How about for non EU can I buy an apartment and get a PR visa in Spain ?.
If the property price is above 500k euros, you get a temporary residence permit.
Y para que hablan en inglés? Soy española vivo en Chile y voy a llevar mi dinero a España. Nunca con agencias q no hablan mi idioma
Ok for Filipinos are allowed to have permanent Visa after 2 years of stay since the Philippines was a former colony of Spain.
I am not really sure if that works. I think Non-Eu are on a more tougher side.
The trouble is, houses in Spain are quite ugly. The floor is awful and shiny and the overall decour is just not appetising at all.
Hi I just subbed.I would like to buy in Spain coastal town.Our budget is 65 k € included 14% tax. Any advice where to buy ?We are EU citizens.
Almeria.
@@traveleconomics thank you i take look.
@@traveleconomics Hi I would liķe to ask a question. In your opinion which area in Spain would be best to buy(value for money)? THANK YOU for reply.
@@rednorway7714 it really depends on what you like, I personally like Madrid, so I'd try to stay close to it. Andalusia is also nice, Granada is lovely but gets too hot during summer. Asturias is also a great place but too boring and far from the action. If you need an individual consultation feel free to contact me.
@@traveleconomics Hi, I'm hungarian And want to buy a protperty in sain in about a year in cash, either manily land but anything good bargian can come up? Where should I buy, if I manily want to live there in the colder months, from mid november to mid march, so I would want the hottest lace, with goof facilitie, surrondings, people, so I'M MAINLY LOOKING for a place to be in Andaluzia, as far as i know that is the hottest area in sain, also in winter too. Which would be my best bet? So main priority is price, than temperature in winter, than the area, don't be boring, but also don't be too crowded, or polluted. Mmainl looking for a land where I can lace a modern design, nice looking mobile house, or a cheaer apartment or shop, caffe shop pizzeria or restourant to renovate it and convert it into a modern apartment, but mainly a land, in the city or near it.
People scam on idealista I heard
Not only on idealista, but on planet earth. One has to watch out.
Gracias, soy de Argelia
Great video, I am Brazilain, there is the option of non lucrtive VISa and the Golden visa, will both of them allow me to ask for citizenship after 2 years living 6 months on Spain? thanks
Oi, podes me escrever em Portugues. Sim, voce pode pedir a cidadania apos 2 anos. Porem existem mais alguns detalhes ai. Nao e necessariamente tao rapido, depois que voce entra com o processo para obter a nacionalidade por naturalizacao tambem demora. Se voce quiser marcar uma chamada me avise, posso te explicar melhor isso e dar outras opcoes interessantes.
English pls to understand the answer
@@neeloferkhan6423 If you are Brazilian (and from some other countries) you can apply for citizenship after leaving in 2 years instead of 10 that most citizens require.
Is it possible to obtain financing for a flat in Spain as an american? I’m retired and live on my pension. Hoping that I can use my income to finance a flat in Valencia. I’m currently in the US
Hi Tom. It is possible. But now all banks give mortgages to non-residents (but some in Spain do). If you apply for a golden visa you cannot finance the properties. For other types of visas you can finance properties. If you need more details check the links in the description to contact me.
@@traveleconomics thank you for the reply. I don’t plan on applying for a visa since I only plan on staying there a few months out of the year. Are rates comparable to US rates? 2.25% fixed for 30 years or lower?
@@terraGaliciaXXIV for Spanish residents with Spanish income they are lower and comparable. For non-resident foreigners they are much higher, around 5-6%.
@@terraGaliciaXXIV if you retaired then i wouldnt count on mortgage longer then 5 years
Maybe you could try REITs, should be productive and durable for you since you are retired and need some hedge against inflation.
I just can’t understand that anyone would pay so much for a used holiday home, it’s not better than a used car. 20-30 years old and more. When there are brand new homes for almost the same price and with warranty ! Old things always need DIY and that is so expensive these days both material and labor.
Can you provide link to some page or some offers with this as you said "Brand new homes for almost same price with warranty", please ?
An used car has absolutely nothing to do with an "used" holiday home. Most cars lose 80% of their selling price in the first 10 years after sold as new. An "used" holiday home is unlikely to lose much of its value in the first 10 years, in some cars its price may even appreciate.
@@traveleconomics the thing is that you can look at a 20-30 year old house or flat that is outdated and needs lots of DIY and new materials but that is only cosmetics. The building standards were not the same, windows, roofs, bathrooms, pipes, electricity, just like a used car it’s easy to make a temporary fix and put a new surface on it. But when pipes or roofs and so on begin to leak you will end up paying a lot more for your old house or flat than if you did buy a brand new at almost the same price. Very risky business buying used houses and flats.
@@svenssvensson9024 You really are not experienced to offer real estate advice, that is clear. New builds are often in out of town locations, built with low quality materials, and no house is free of maintenance. Your comparison to a car is just laughable, read without having to post. We would all be better off for it.
@@bruceketcheson4877 that is your opinion. You don’t know my experience. I tell you these prices are driven by low interest rates and easy borrowing. That will soon change due to the fact that inflation is on the way up and that will bring the interest rate up to a level that many can’t afford. At the same time due to Covid it’s much more difficult to find customers to rent out your property to.