Buying A Property In Spain – Why Should You Consider It?

Thinking about buying properties for sale in La Duquesa? If yes, then you have come to the right place. In this article, we will discuss basic yet important things you need to learn about buying houses for sale in La Duquesa, especially the reasons why you have to consider buying such properties.

Safety

As required by a contemporary European democracy, Spain’s laws provide property owners with a strong legal foundation that safeguards and preserves their rights. The inheritance and wealth tax have been abolished in a number of Spanish areas, including Madrid, Andalusia, Galicia, and others.

Material possession

It is a tangible asset, which means that you can see, touch, and feel it at any time of day. This stands in stark contrast to ethereal investments, like cryptocurrency which is difficult to comprehend, even more difficult to keep an eye on, and truly never under your control.

Growth in capital

The fact that real estate always increases in value over time is well known. Real estate offers a steady and progressive increase in value over time, in contrast to other volatile assets that see significant volatility. Over the previous five years, Spain’s real estate prices have increased by 16%, and in some desirable locations, including big cities and coastal regions; they have increased by double digits annually.

Leverage for equity

Leveraging your equity over time is possible when you invest in real estate. To put it simply, this means that if you use an investment loan to fund a property, the total amount you borrow will be less than the property’s worth after it has increased over time. You can refinance after a few years and use some of the extra equity to make other real estate investments. For investors who prefer to take things slow and stick to a long-term investing plan, this approach is perfect for gradually accumulating a solid real estate portfolio.

Large tax deductions

Most people are unaware of Spain’s generous tax breaks, which effectively lower a landlord’s tax liability by 70% or more, for EU citizens. All costs associated with maintaining your home, including mortgage interest and legal fees (for determining rental tax), can be written off! Property provides excellent returns on investment after subtracted.