For several days we have been listening to debates in different media about what is most profitable in this economic cycle in which Spain is now:

What is best renting or buying a property in Spain?

The opinion of real estate experts such as Marcos Sánchez Foncueva, Compensation Board Manager, tells us that “we are in the consolidation phase of the cycle. The consolidation phase means that there are no ups and downs so it is a good time to buy or sell. "

Many people have thought that if we are in the consolidation phase, it means that the next cycle; When the economy contracts, it will be time to buy, but be careful, the next cycle might not affect the real estate field, so prices may remain and not fall, so without a doubt:

The best time to buy a home and invest in Spain is now.

But of course, as we have explained in other articles about the steps on buying a property in Spain, it is necessary to have a series of requirements so your real estate becomes a successful investment.

Without a doubt, the first step before you start the search for your future home is to have money. How much money? 20% of the sale price of the property because without it no bank will grant you a mortgage loan. But because you have the money does not mean that it is a good time for you to invest in the brick sector. You also need: job stability.

From our humble experience we assure you that if today, despite having that deposit already saved, you are currently doubting if you could pay the monthly mortgage and it generates emotional stress, do not buy because it will not work out. We have seen it before and it is not a pleasant situation.

Rent, it is a great option, full of advantages and will give you the most important thing: space to focus your energy on your work and even rethink and change it in order to achieve the financial stability that you would like to have.

Marcos Sánchez also mentions the political reality in which Spain is currently on, mentions for example the instability of Barcelona. Therefore it is important that you analyze the political development of the city where you are thinking of investing in.

If you decide to rent or buy a home in Costa Blanca, Alicante. Here you have us for any guidance you might need. We are Naranja Spain, a family run business with an honest approach to real estating. Blessed with a vast knowledge through out many years of dedication to this sector. We just want to fulfill people's dreams for those looking for ahome and making a real estate investment in the Mediterranean coast.