How To Find Your Dream Home in Spain (+ How Much We Paid 💵)
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- čas přidán 8. 06. 2024
- Buying a home in Spain can be overwhelming. What's the process? What should you look out for? What are the traps? Can non-residents buy a house? How much did we pay for our apartment in Madrid? We're answering all your questions from our new kitchen. Venga, let’s go! 🥝
🔥Watch part 2 where we cover the purchase process: • How To Buy A House In ...
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==== WHO ARE WE? ====
Hola, Spain lovers! We're James and Yoly. James is a New Zealander, and Yoly is from Spain. We both live in Madrid. Our channel gives you a local insight into life in Spain and helps you experience this country like a local when you come to live (or visit!).
If that sounds like your kind of thing, bienvenid@!I
Business inquiries: hello@spainrevealed.com
00:00 Intro
02:16 Can Non-Residents Buy a House in Spain?
02:41 How Much Money Do You Need?
04:33 When Is the Best Time To Buy?
05:14 Where Should You Buy?
07:04 What Kind of Property Should You Buy?
09:18 What Features Are Important To You?
13:35 Where To Look For A Property?
17:02 What To Look For When Visiting A Property
19:34 How Much Did We Pay?
MORE INFO ABOUT THE VIDEO 😃
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The topics we cover in this video are:
1. Can Non-Residents Buy a House in Spain?
Yes they can. But there are a couple of extra steps. And the mortgage deposit will be a little higher than a resident.
2. How Much Money Do You Need?
Generally for residents you need about 20% in cash for the deposit, plus 10% for taxes and fees. For non-residents the deposit amounts can be up to 50%
3. When Is the Best Time To Buy?
It looks like property prices are going to fall due to COVID about 6-9%. And they may not recover until about 2024.
4. Where Should You Buy?
This is a personal decision - village or city. But we'll cover our experience of how we chose where to buy in Madrid.
5. What Kind of Property Should You Buy?
Should you buy a chalet, piso, apartamento, ático? We'll cover what all the terms mean here.
6. What Features Are Important To You?
Terrace, what floor, how many bedrooms, interior vs. exterior? We'll discuss what features you might want in your home.
7. Where To Look For A Property?
Should you look online (and where online) or go via estate agents?
8. What To Look For When Visiting A Property
All those things you need to check to make sure you don't wind up with a dud.
9. How Much Did We Pay?
We'll let you know how exactly much we paid -- to help give you context for your search.
*This description contains affiliate links which means we may earn a commission if you use them 🙏🏻
I’m buying no house in Madrid but I’m watching this because I watch all your videos 😆
Thank you for watching!
Same! I’ll never live in Spain but I’m watching anyway because who doesn’t love Yoly and James! 🙂
😁👍🏾
You guys are really informative, and as I am hoping to move to Spain in a few years this has certainly fired my optimism. Thank you.
Thank you - I'm glad!!
So helpful!
I"ve decided I want to move to Spain and I"m so glad I found your channel! This is all so helpful!
My parents have recently bought a house in the Valencia region (not the city but the region) and its brilliant. You just get so much more for your money if you know what to look for and especially if you are willing to maybe find a property that needs a bit of doing up. Writing this comment from my parents' new place, I really can see myself live in Spain and everything here attracts me. It is the only other place I've felt at home than my home country. This video will for sure help me out in the coming years once I gather the money to by my own place in the area. Congratulations on your new property and hope to see many new and awesome videos (I'm guessing a lot more cooking videos too 😁)!
Glad it was helpful. And yes, more cooking videos coming :)
Hey! We discovered your channel a while back, as I am an American and my boyfriend is Spanish. We love your videos and I particularly find them comforting to know I am not alone in all my foreign-ness. Then we were watching this video and were like "what! That's our neighborhood they are showing photos of! Do they live in PN?" And a few seconds later of course you confirmed it. We were delighted. I hope we run into each other sometime around the neighborhood. We would love to have a caña sometime.
I love where you chose to live. It's very lively and I love people and hearing laughter and talking. I love the feeling that people are in touch with enjoying life without being disrespectful for the peace and comforts of others.
Great video. We are currently living in Spain and have spoken about buying. Its so good to see "real" people, giving "real advice" and honestly. Can't wait to see more.
Lol always fun to go back to 2020 and watch/listen about housing prices falling due to covid! Our banks were saying 30% decrease but prices increased 100-300%
Love tuning into your vlogs and I was super excited as this is our hot topic at the moment 👏👏👏 waiting anxiously for part 2 ❤️🇪🇸❤️ x
Congratulations to you both .May you have many years of happiness in your new home.
Thanks guys I’ve watched a lot of these videos and this is the best hands down. Very informative and easy to understand, really appreciate it. Look forward to part 2.
I'm pleased it's been helpful :)
So informative thanks guys! And also ¡felicidades! on your new home it looks beautiful! 😊
James and Yoli, what a great idea helping those who are considering a move to Spain. My sister is in real estate in Florida, and I'm sending her a copy. Enjoyed learning about what it takes to purchase a home in such a beautiful country, and looking forward to part 2.
@@brysonsutton2069 why are you placing this information under my comment? Why would you hack into your girlfriends instaPortal, don't think that is very nice of you.
Hi James. I can't thank you enough for that 18 pages PDF guide. It is super detailed and easy to follow. I bet you put a lot of time and effort on it, so thanks again. We are planning to buy in Spain by 2022, but need to start researching early. You guys are great! 🥰
Never fear, the housing market will recover. It may take a while, but Spain is a "Destination" for a reason. Investors will drive up the market waiting for the inevitable return to tourism (which will, of course, create it's own issues...). I know I can't wait to get back to Spain! Congratulations on the purchase of your home! I hope it gives you wonderful moments and memories. 🥂 ♥️
thank you Andrea :)
Very helpful for our (hopeful) move in the next few years, thank you for your content as always!
😍😍😍 big congratulations guys! Wishing you lots of happiness in your new home 🏡❤️
Thanks Esther :)
You guys are so adorable!!!! Love all your information!
Great video, keep up the good work! Looking forward the second episode!
Felicidades Amigos! Best wishes for great memories in your new home!
I like your videos. It's interesting to watch them due to you obviously have a plot and know what to say without any "water" and you both are examples for other youtubers ❤
queridos Yoly y James - this may be your best video EVER!!!! Especially for those of us who are fantasizing/researching possibly retiring in Spain. besos!
So glad it was helpful. Enjoy next week as well!
You guys are awesome! Love watching your videos!
Great video guys - such a great topic to get into! Looking forward to watching video number two now :)
Glad you liked it!
Thank you for being informative and sharing your experience. I find it super valuable! Hopefully in the future i could practically use the guide which you have prepared. Thank you very much!
Pueblo Nuevo was where I stayed for a night when I first went to Spain!!! Love that neighborhood. Thoroughly enjoyed this video. Thanks for posting!
Hey GREAT video! You two are the BEST.
Thanks James and Yoli! very informative. Looking to buy a place in Malaga, Marbella or Almeria, so excited! Just found your channel recently and have been going through your videos, love them!
I love your chemistry guys!!! You're awesome and thank you for information 👍
Fantastic video! Thank you for doing this.
Thank you James. Great video!
Wow! I’ve never heard you speak so quickly, James! :) Yoly spoke beautifully, as usual. :) Fascinating video. Madrid prices are much, much lower than Vancouver area’s....of course! We have some of the highest priced real estate in the world and in Canada. From what I’ve seen of your ap’t, it’s beautiful and spacious. Can’t wait to see the next video. Good luck on all your endeavours.
And for me, who live in the north of Spain, the prices in Madrid seem high. xD. A house like that in a city without a beach in the north costs about € 70,000.
Thank you for your video! It is exactly what I was looking for 🤠
Hello I wish I had this when I started my search and purchase process in 2014. I made two house hunter trips from the US to Spain before finally finding my current place in 2014. I definitely agree with everything you shared. While I am still a non resident, I wanted to secure my place before retirement. I strongly recommend this as it helps you develop a better retirement budget. I recommend for retirement planning if you are fortunate enough to have your place fully paid off if possible. I’m patiently waiting for part 2. Again thanks so much. You are such a lovely couple.
I'm glad it was helpful Heath
Comunidad = the equivalent of "HOA Dues" (in the US) for common areas, such as maintenance on the landscaping, shared amenities (pools, tennis courts, etc)
hola mira esto importante shrinkme.io/H5rzkMV
Yep. HOA = Home Owners Association.
@@sasikumar0711 Vete a la mierda
We bought our “casa rural” here up a mountain in Murcia nearly 18 years ago.....never regretted it❗️👍🍷
Emlynn hi I’m interested in moving to Spain I’m 24 born in Miami Florida USA Europe has always fascinated me and Europeans have always been the most kindest beautiful people. The love in European countries is indescribable, what can you tell me how Spain is like?
@@evanalejandrorodriguez2654 Im from Spain and I can tell you there is no city in Spain that compares to miami, i spend my summers in FL! I have a place in Alicante spain and St pete Fl. also people are much nicer in Miami than Spain. that being said if you want to retire Spain might be a little better because life is a lot cheaper! but Europeans are like new yorkers or worse. I recommend spending a while in spain to test the waters befor you go full in!
all the best
@Seijo you are one of the few that told me people in Spain and Europeans are not friendly than in the USA. Thank you for sharing your experience with me but I do disagree with you, my experience is yes Europeans and Spaniards are much friendlier. Thankyou for your honesty and sharing with me.
@maria Hi Maria, yes I’ve heard Norway and the Scandinavian countries are very friendly. I was thinking about living in Norway for some time as the culture mends well with my personality but, it seems spain is where I have been focused on moving to. Your very pretty by the way! Do you live spain still?
I am moving to Murcia(Santiago DeLa Ribera) in March.
We already own two homes there but would like to buy something in a more rural area. Which mountain are did you buy your home? I would love to check the area out before buying..
Thank you.
Excellent video! Great insight into home buying. Thank you!
Thanks Glenn!
Thank you so much for posting this!! We will be buying a property in Spain in the (near?) future and have so many questions - especially when you read about all the shenanigans that can go on. This is super helpful!
I'm glad it helped! Also, thank you for sharing the video in the American's FB group. Yoly mentioned it to me :)
That was brilliant.....thank you! While we are largely looking to rent in Spain this video certainly provided a wealth of information 👍
This video helped a lot I am currently looking into buying an apartment in Madrid. Thank you love you guys energy 💕
Thank you guys, great video, so much information, and great advice.
Hello from Prague, love your videos, this one was very helpfull :)
What a wonderful video!!! I am in the processing of starting this adventure in my life. Wish me luck!!! Looking forward to more videos
Great video and congratulations on your new home. I would also add when looking for a piso in Madrid that buyers would want to keep in mind about wanting or not wanting central heating, north/south or east/west facing pisos, noise levels on busy streets with cafes/bars vs. side streets that are more residential, that it's not so common to find buyer's agents only representing you (you guys did which is great) but often when a buyer calls a listing, the agent doesn't explicitly state that they are representing the seller, so buyer beware and be careful of who the agent is representing and to understand this. If you want an elevator in the building as well. You can ask about the HOA budget to see if the building finances are in good order so you won't be hit with additional HOA (homeowner association) bills for a new building roof etc down the line. That there is enough savings in the HOA find for upcoming building expenses and that the building is up to date on codes etc.
Love your videos!❤️ thanks for the info !
Great information in this video, keep them coming
Outstanding video, just what I wondered about
Thank you!! Very useful video! Curious for part 2!!!
Thank you both so much for your informative and honest sharing experience, it's very helpful and you really changed my plan from buying house in my home country to really considering buying a second home in Spain instead, what a great dream I wish to come true starting from your part 1 video, am looking forward to watch 2nd part to finalise my future plan 😀
You are a great couple as always, wish you both all the best in your new house 👏👌😃
Very helpful & honest - good advice, I think, whether you'd be buying in Spain, US or Tasmania... You've been in a while, hope it really feels like home. Happy New Year! 🥂🦘🐾👍😎
Hopefully I can convince my husband and we can move out there in Spain one day. It sounds like a dream. Homes in the states are rising at an exponential rate, and since we also work from home and speak Spanish, living in Spain seems like the quality of life looks much brighter...thank you for this video and your excitement excites me!
Excellent info guys thank you!!!
Great info ,nice job the two of you.
This is SO useful! Thank you! ☺
Un video muy interesante. Felicidades por la compra del piso!
Thank you so much for the amazing and resourceful videos you make
Thanks for another great video.
My wife has been looking at houses in Spain for years. We hope that one day it will happen. Good info here. Cant wait till next weeks vid.
Glad you like it!
Coolio, so happy for you both, very informative video, you have done your research well, looks great
Thank you for the extra info 🙏🏼
THIS IS AWESOME!!! I'm super excited about this series of videos. It's my dream to live in Spain. I want to run an albergue there for pilgrims somewhere along the Camino Frances. :) Thanks for doing these!
That sounds awesome Susan!
Wonderful and informative video. Thank you 😊
Great video! Many thanks
Excellent information hopefully in the next 5 years we will be purchasing a home in Spain thank you!
**Hi Spain Lovers** Hope this was helpful. What other house-related videos/info would you like us to make?
Download the free Spain House Buyer's checklist: swiy.io/SpainBuyerChecklist
Watch part 2 about the step-by-step buying process: czcams.com/video/tGnfhkvE0xM/video.html
Would love to learn more about the renovation process.
Awesome video guys ! Very helpful.
Thank you for the free content. What a great resource!
Another great video. Thanks
I think a lot of people would be interested in videos about renting place. Long term for people who want to relocate to Spain and short term for tourists. I have my routine when I rent places for my holidays but I would love to learn your insights as a locals. Take care guys
GREAT VIDEO. I love it.
I love your videos and I am so excited about this particular video as I would like to move to Spain in about 5 years! I’m not a resident but hope to gain residency eventually! I’ve been saving $$ though! Keep up the good work!
you guys are the best. sending thanks from australia
Thanks guys - good info for renting as well. Looking forward to moving from London to Palma in April '21!
Thank you so much for this! I am moving to Spain this year, and want to buy a place. This was super helpful! :)
Very good and informative video on buying a house in Spain.
Hola,
best video on the subject by far!!! Thanks a lot lot for sharing a lot of personal information like how much you paid for your place.
I am considering buying a property in Spain and you video was helpful beyond words. Gracias
Awesome video Thank you 🙏
Thank you so much for this video, I can't wait to see more. We are planning on moving to Spain as soon as we get a vaccine . Can't wait to start a new adventure.
Thanks for the video. Cheers mate.
Good info guys 👍
So happy for you and Yoli showing in part your new home. Look forward to the next cooking video too. In Canada usually the selling owner pays commissions to your agent as a seller. Now if another real estate agent provides the lead to the buyer of your home then the selling agent will split the commission and give half of the selling commission to the buying agent. About 5% to start with for selling agent but can be negotiated down sometimes.
Interesting!
Great video👍Very interesting, informative and helpful! Thanks a lot.😀☀️
Cheers Danielle - glad you enjoyed it :)
James, Yoly, this is great...like your food videos.!! Fellow antipodean here (from oz), living in germany. Looking forward to a spanish property in coming years. Wish you all the best in getting through this bloody 2020!! :)
Very interesting video 👍👍! As a current CZcamsr, I am always looking for fresh ideas! Excellent Job!
Thank you very much you guys are great I’m looking forward to watching the next video
Considering living in Spain in 6 yrs! Thank youfor the info :)
Love your videos!!! Me encantan los dos!!!
Muchas gracias guys next year buying my first property in Valencia.
Wow, I was wondering what happened to you guys. Congratulations on your new home. Good info about buying a home. Good luck and all the best. ❤️🤓
We took a week off :) More videos coming!
This is great and just what I needed! Thank you Yoly and James :) I'm hoping to buy a house in the Cantabrian countryside once this COVID craziness is over, but the thought of doing it alone and as a foreigner, was so intimidating that it kind of scared me away... but this video was more useful than you will know! :) Can't wait to see the next video. Serious question, once I'm in Spain, where does one procure a tiger, does it come free with the hot tub? :)
Another great video ! Thanks ...
Very enjoyable! You have a lovely place !
Also forgot to say congratulations on your new home. Not a bad price considering your in Madrid you would pay a hell of a lot more than that in some other capital city's take London for instance shocking prices! All the best for you both
I'd definitely want a tiger in my to-be Spanish home :)
A gun would be more useful...for when the Reds come to steal it from you😁😁
I want a tigress
I want a tigress
Hi guys. Just the video I was after. Thanks x
Congratulations guys! I bought my flat in Santiago de Compostela as an American for 90,000 euros. My community fees (HOA) are around 26 per month. And there was another 8% in purchase taxes I had to pay.
Mohammad Ashori So only corridors and ladders cleaning, isnt it?
Hey,I would like to know how you found an affordable place. Hannaoyomikim@gmail.com. i am young but looking to get something and I do not want to be duped...lol
Congratulations on this video guys! So interesting and informative! Although I don't know why I am watching it, being 27 y.o. and having low hopes of the future as it's presenting here in Madrid 😂 But you gave some useful advice that I think I'll be able to apply when I (finally) can get on looking for a flat to rent. Also my particular tip for Madrid in particular is that you can also broaden the search for towns outside Madrid but well-linked to it. I live in the mountains, in a well connected town and in less than 1 hour I can be in Sol! Also hell yes for exterior flats, my maternal grandparents lived in Barrio de Salamanca, 1st floor and only had ONE window to the street! All the rest were to 2 different very narrow and dark patios, so be mindful of those kind of flats in old buildings. And congratulations again for your new house! I'll be looking forward to next video 😁
Yeah, it's true -- just because it says 1st floor/exterior doesn't mean anything!
Good info for new buyers although it can be different in other parts of Spain.
Good luck in your new home!
Very nice couple, and vey good advices. Gracias!!
Guys, thank you soo much for so detailed information!!! I thinknyou ate the best source of information!!!! I am going to relocate to Spain 🇪🇸 😄 and only your information was so comprehensive and detailed!!! Thanks!!!
Gracias. Very helpful
Good luck with your new home! Can’t come home To Spain this year....😪
I just bought in Cáceres in February too, Covid was a nightmare... We renovated and just moved in two weeks ago, paying rent and mortgage simultaneously for months was ideal... 🙄
Exactly like us! Nightmare, right? In historic Caceres?
@@spainrevealed No, very pretty but not super practical for day to day! We went for a 4 story chalet in an urbanización, for 160k because #extremadura 😅
You guys are great! I used to live in Madrid and planning to move back to Spain in a couple of years and buying a house in Costa blanca.
Congratulations Yoli y James.....Tenerife....❤️