Is It Still A Good Time To Buy Home In Moraira? | House For Sale
Moraira is a beautiful town located on the Mediterranean Sea in Costa Blanca, Spain. It is known for its beautiful blue-flag beaches and mountain scenery and is very welcoming and friendly. Recently, the town has become increasingly more popular as a tourist area, and those who visit love it so much that many have started their search for a villa for sale in Moraira. Those who are just commencing to look for property will want to know if Moraira is still an excellent place to invest in the housing market.
Buying a property in Moraira
There are many reasons why buying a house or holiday home in Moraira is a good idea; among these is its great location. It’s not too far from Alicante or Valencia Airports; the climate is mild throughout the year, which has many health benefits, particularly for those looking for a retirement home for sale in Moraira. However, this popularity has led to high demand, and as a result, prices have increased. Nonetheless, Moraira is still affordable in comparison with other tourist destinations, and as the town’s popularity continues to grow, property purchased now may, with time, prove to be an excellent investment.
Are there any disadvantages?
However, there may be some drawbacks arising from the current high demand for villas for sale in Moraira, which has caused a lot of competition, and the possibility of finding a bargain is remote. Moraira is a small town, so public transport services are more limited than in some of the larger cities on this coast, meaning that most people need their transport. If you don’t drive, then a lovely centrally located apartment for sale in Moraira might be a good option.
Seasonal town
Moraira is busier in the summer and during school holidays than in the winter so do think about this if you are hoping to rent your home to holidaymakers. If you will only use your home in Moraira for a few weeks each year, consider renting your property out during the winter for a more extended period. Purchasing a holiday villa for sale in Moraira may also be a way to earn a second income.
Budget
When you start your search for a property for sale in Moraira, you will need to decide how much you are able and willing to spend and should calculate additional charges for taxes, solicitor’s fees, etc., which will add up to an additional 12% to your purchase price.
Location
Spend some time exploring Moraira and deciding which area suits you the best; do you need to be close to the beach or near bars and restaurants? Many areas outside the town offer lower-cost property for sale in the Moraira area but also have a great local community. Are you intending to live here for a long time? Moraira is hilly, and you must consider whether the position of the property you are looking at will still suit you in several years if you do not wish to move again.
Size
Think carefully about the size of the villa you need for sale in Moraira, and remember that, with this beautiful climate, outside space may be more appealing than providing space for lots of visitors!!!
Condition
Check the property for any maintenance issues, particularly if you are looking for a house for sale in Moraira that you can lock up and leave.
Legality
Your legal representative should ensure that the appropriate checks are made before you finally sign a contract and pay the deposit for any property for sale to ensure that everything is included on the deeds and that there are no outstanding debts on the house.
Conclusion
Investing in a property for sale in Moraira is great for those looking to spend their time in this beautiful and friendly community. Make sure you do your research, and you will enjoy many years of sun in your new home.
