Spain: Investment in a foreign property

Spain is one of the most popular holiday destinations for Germans. No wonder, because here there is besides sun and beach also wonderful landscapes. Besides Mallorca, there are many other beautiful holiday destinations in Spain. However, if you are already sure that your foreign property should be in Mallorca, you can read our article that specializes specifically in Mallorca.

• Find yourdream property in Mallorca – Tips & Tricks

But which places in Spain are the most beautiful and where is it most worthwhile to invest in a property abroad? We have picked out 5 different places where you could buy a property abroad.

Investing in real estate: Spain

Living and working abroad is a very memorable experience, professionally, personally, culturally and of course financially. In this free guide, you’ll get investment tips for all the major cities in Europe, America and Asia, from New York to London to Paris.

• Investing abroad: Real estate (external)

Barcelona: The city of wonders

If one city in Spain is very impressive, then it is Barcelona. Barcelona stands out especially because of the many colors, the works of art and the special architecture and attracts tourists almost magically. No wonder, because in this city there are countless sights, such as the Sagrada Familia. If you decide to buy a property abroad in Barcelona, you will benefit from many opportunities for activities and a charming environment. Unfortunately, as is often the case in popular cities, there is often a lot of traffic.

Malaga: Port city

If you are thinking about buying an overseas property in Malaga, then you have probably been there on holiday and been enchanted by the port city. Malaga is known for its beautiful sandy beaches and hotels. On the one hand the perfect conditions to relax, on the other hand the probability is high that during your stay you will meet many tourists. If this bothers you, you should take this into account when looking for the right place in Malaga.

Malaga: Tourist Hotspot

Malaga map and location in Spain

Beach and promenade: 360

Toledo: City of three cultures

The city of Toledo is located in the middle of Spain and is one of the cities that has the most attractions to offer. But what else is convincing about this city? When you are in Toledo, you feel like you are back in the Middle Ages, as there are no modern buildings and everything remains as it used to be. For this reason, this city was named a World Heritage City by Unesco. If you are fascinated by this, you might consider buying a property here.

Toledo Video & History

Toledo’s situation in Spain

Valencia: City of Arts and Sciences

The city of Valencia is located directly on the Mediterranean Sea. In Valencia you can expect a great total package, because here you have a historic old town, shopping opportunities, many restaurants and modern architecture. Children will also never be bored in this city. From a planetarium to an oceanarium, everything is included here. Since there is so much to explore in this city, there is no shortage of tourists here either. Nevertheless, if you have fallen in love with the city, you can start looking for real estate.

Valencia Video

Map and location in Spain

Granada: Southern Spanish Andalusia

The city of Granada is a symbol of the harmonious coexistence of a multicultural society, as people of different cultures have lived together here in the past. Even today, the multiculturalism in Granada is very pronounced. If this is exactly what you love, you should opt for a property abroad in Granada. There is a lot to discover here, and not just in terms of architecture.

Granada’s landscape and mountains (video)

Map and location

House & Apartment for sale in Spain

From the valuation to the speculation tax. In this guide you will find all the important factors simply explained. Learn step by step the procedure in the apartment sale to be able to answer the question: Selling with or without an estate agent? The private sale of real estate involves many risks and sources of error, starting with the apartment valuation to the offer price to the individual marketing, from “advertising” to internal customer network and off market real estate sales.

• Sell apartment
• Sell house
• Sell land
• Sell property

Buying: Portals for cheap real estate

Was the right place of residence there for you? If so, then you can start your search right now. Since there are countless real estate portals that mediate foreign properties in Spain, it is often difficult for many to find the right real estate portal for you. No problem, because we have 5 property portals for you together, which have different functions. There are real estate portals that focus only on the country of Spain and there are also larger portals that take care of foreign properties around the world.

Kyero – The Spain – Specialist

The real estate portal “Kyero” deals exclusively with real estate in Spain. The properties are advertised directly by real estate agents. Whether you are already looking for a property for sale or just want to rent a property, you will find it here. The advertisements are very clearly arranged and you can get an overview of which property is suitable for you in a very short time.

Bellevue – Real estate from all over the world

The Bellevue real estate portal brokers properties from all over the world. On this site, you benefit from numerous filter functions, so you can get to the results that interest you relatively quickly. There is a huge offer here, from small apartments to huge houses. If you are still in doubt about which country to buy your property abroad in, you can make ideal comparisons here.

Immowelt – The all-rounder

Immowelt is a real estate portal that is very clear. No matter what concern you have around real estate, you could find a suitable solution here. For this reason, it could be worthwhile to include this website in your search for a property abroad in Spain. The advertisements are clearly arranged and mostly equipped with various information about a property.

Idealista – The way to the ideal property

The real estate portal Idealista takes care of properties from all over Spain. The advertisements are presented very clearly. Through the filter functions, you can not only search for the right property abroad in a specific location, but the visitor even has the option to place their own ad. So it’s worth visiting the website every now and then to check whether there are new advertisements.

Immobilienscout24

You have probably heard the name of this real estate portal before. Here, not only properties from Germany are rented and sold, but from all over the world. In addition, there is a lot more information about real estate. Also in search of foreign real estate in Spain you could find here.

Luxury property in Mallorca

Welcome to the Germans’ favourite island. Lots of sun, relaxed people, the sea and only 1-2 hours flight from cities like Berlin, Paris and Madrid. This makes Mallorca one of the most popular regions for many from business and industry, but also for celebrities who are attracted to the island. Especially on the mainland, a little off the coast, you will find villas, fincas and condominiums of the extra class. But beware. If properties are tied up, you will quickly pay too much. Therefore, we strongly recommend working with a local real estate agent. Because in Mallorca there are also Spanish laws, from the residence obligation (subject inhabited houses) to tax issues. Therefore, before we take a look at available apartments and houses, we briefly highlight the property prices in Mallorca.

• Luxury Real Estate Mallorca

Buying property abroad: Tips

• New York, LA, London & Co: Luxury Real Estate
• Real estate agent
• Buy a holiday home
• Foreign property France
• Foreign property Italy
• Foreign property Mallorca
• Luxury Real Estate Mallorca
• Off market – especially in hot real estate markets

Rental deposit at a glance: The security of the landlord

• Is a classic security deposit, which the tenant pays to the landlord
• As security in the event that the tenant can no longer meet his contractual obligations
• The tenant may pay the deposit in three instalments
• First instalment due at the start of the tenancy

Back to the wiki: Real Estate

Rental deposit – amount, transfer and deductions

The rental deposit is a not inconsiderable expense, especially for the tenant, and represents security for the landlord. Since it usually involves large amounts of money, it is important to be precise and avoid disputes. To protect landlord and tenant, there are therefore some rules that you can follow.

Tip 1 Apartment handover protocol – check for defects when moving in

The first step before moving in is to insist on a handover protocol when handing over the apartment. As a rule, there is one anyway, as it ensures security of both parties. In this all lack, which exhibits the object are noted. Take enough time during the handover to have a close look at the property. In this way, you can prevent any defects of the previous tenant from falling back on you, which could later reduce your deposit. Find out more about the handover protocol!

Tip 2 individual accounts – deposit separate from assets

In order to ensure the safety of your money, landlords are legally obliged to invest the rent deposit separately from the other assets (BGH, decision dated 9.6.2015, VIII ZR 324/14). If the deposit is handed over in cash, it is usually invested in a savings book which is created especially for this purpose. Here it is also noted that the deposited sum is only used as security for the lease and cannot be used otherwise by the landlord. This prevents misuse by the landlord and protects you and your money. To have peace of mind, have the landlord provide you with a copy of the account documents. During the tenancy, the landlord is also not allowed to touch your deposit without further ado and use it for other things (BGH, ruling dated 7.5.2014, VIII ZR 234/13).

Tip 3 Installments – Pay the deposit in installments

Some legal facts about the rental deposit that you probably did not know. You are not obliged to hand over the entire rental deposit to the landlord at once, even if the landlord asks you to do so. The law requires that you can pay the deposit in three equal monthly instalments. For this, the first of the three payments must be made at the beginning of the tenancy. The other two instalments are due in the next two months together with the rent payments (§ 551 para. 2 BGB). Also, a landlord may not require a deposit from them that is higher than three months’ rent (Section 551(1) BGB). This method is easier for many than raising the entire deposit amount at once. After paying the deposit, whether in instalments or all at once, insist on a statement of account in any case, as explained in tip 2. This way you are sure that the landlord cannot use your deposit for any other purpose.

Tip 4 Guarantee – deposit not from savings book

Normally, it is common to take the deposit for the landlord from a savings account or separate from the saved. After all, the money is not lost, just not available to you for your rental period. This method has long been the only way to cover the deposit when you move in. However, in recent years it has become established to also consider a rent deposit guarantee, if the money is nevertheless sometimes scarce when moving. For this purpose, there are financial investments that are significantly more attractive for the tenant due to higher interest rates than the variant of the savings book. Our home financing covers all options. These include, for example, call money or deposit accounts at a bank. But also the rent deposit guarantees represent a suitable alternative. With such a deposit, the rental security can be deposited without cash and in return, an annual contribution is due from you. For this variant you need the consent of the landlord, but this variant gives no disadvantages for him, so it should not be a problem.

Tip 5 Deductions – Look for defects

Deductions from the rent deposit are not good for any tenant. But pay attention, because the landlord is not allowed to deduct something from your security deposit for every little blemish when you move out. Thus, only certain defects constitute grounds for keeping the deposit. Generally speaking, normal signs of use cannot be deducted from the security deposit because they are covered by the rent. These include, for example, a small hole in the wall or a small abrasion on the carpet. Defects caused by them, on the other hand, can be deducted from the deposit. This includes, for example, burn holes from cigarettes in the carpet or a blocked drain pipe that got into this condition through improper use. In such cases, the landlord is allowed to deduct the professional repair from your rental deposit and use it for this purpose.

Tip 6 Cosmetic repair – deduction of the deposit

Another reason that can lead to a reduction of the deposit are cosmetic repairs. Here, however, some rules also apply. The cosmetic repairs to which the landlord can oblige the tenant amount to trifles, such as a fresh wall paint when moving out. However, these obligations may not unreasonably disadvantage the tenant or exempt the landlord from maintenance work. These remain the responsibility of the landlord. However, such obligations for cosmetic repairs are only permissible if they are expressly mentioned in the lease. If they are not, compliance can also not lead to a deduction of the deposit! When moving out, therefore, orientate yourself on your rental contract and comply with the specified cosmetic repairs in order to avoid a reduction of the deposit.

Tip 7 Repayment – handover protocol when moving out

If the tenancy has ended, you should hand over the rented property in the “agreed” condition. If cosmetic repairs have been agreed in the tenancy agreement, you should carry them out. If damage has occurred during the rental period that is attributable to you, you should repair it. It is best to hand over the apartment in the same condition as you received it so as not to jeopardise the repayment of the entire rental deposit.

Do not forget the handover protocol when you move out, so that the landlord cannot hold you responsible for damages afterwards. Both parties should sign and receive a copy of the protocol and thus document the condition of the rental property. After the protocol and the handover has taken place and all existing or non-existing defects have been documented, there is nothing to prevent the payment of your deposit, which, if you have done everything correctly, should be credited in full to your account.

Tip 8 End of the guarantee – repayment of the rent deposit

Disputes also often arise over the repayment of the rent deposit. The landlord has the right to a so-called inspection and consideration period, which he can claim. This means that he can retain the rental deposit to inspect the rental property for defects and faults before returning the deposit. This period can last up to six months, which can cause problems for the tenant. However, if the two parties agree at the time of transfer that there are no defects or outstanding debts, the deposit must be returned quickly. According to case law, this is assumed to be within a few days. In this case, the tenant receives the entire deposit plus interest. However, the landlord also has another right here. He can retain a small part of the rent deposit even after the end of the tenancy for a still outstanding service charge account.