Nowadays the concept of a luxury property has gone beyond expectations, since now the standard modern houses has what once was considered a luxury. So what is a luxury property in Spain in this time and age? Before, having in your home a domotic system (home automation), a sauna or a modern decor was considered as luxurious, but today it is not just that. The words “luxury property" have been overused by real estates in order to market their properties and make them more appealing. When...
Although the general economic situation has improved and the property market in Spain continues growing, banks no longer offer the same facilities with mortgages as they did before the crisis. That is why many owners have begun to offer the sale of their home with the option of renting it previously for an agreed period of time.
This option though is not practise too much yet, it's becoming more popular and fits perfectly into the Spanish culture. Why? Well, renting a property is not as common practise as it is in other European countries, there is a general belief that it is waste of money, that is why young people still want to buy but not everyone has the initial capital to access their first home with reasonable and realistic costs.
The contract for renting with an option to buy integrates two subcontracts; the lease contract in one hand and the option to buy the property on the other.
Summer is a very good time for your real estate agent to introduce this option to some home owners for the properties they sell. And if they are interested in renting with an option to purchase. So you could enjoy the summer and see if that place an neighbourhood is the right one for you and your family.
In our real estate company Naranja Spain we do not advertise rentals with purchase option because the conditions as we have already mentioned are specific for each client. If you would like to buy a house in Guardamar del Segura or surroundings (La Mata, Montesinos, Ciudad Quesada, La Zenia ...) contact us, we are looking forward to help you get the house, apartment, bungalow or land of your dreams.