Unlocking Your Spanish Dream: Expert Keys to Luxury Property Success

My advice for safely navigating the luxury real estate market

Many dream of owning property in Spain, but what's the biggest myth you've heard when it comes to finding the perfect property, especially in the exclusive segment? Is it the idea that "bigger is always better," or that a remote idyll is the only path to bliss?

As a real estate and resort developer, with a background as a former professional golf player, I've learned the value of thorough analysis and strategic thinking. These experiences have shaped my perspective on what's important when finding the right property. I've seen how notions often clash with practical reality when it comes to luxury properties, particularly when expectations meet the Spanish climate or the demands of daily life.

It occurred to me that this information could be valuable for you if you're considering investing in a property in Spain's luxury segment. Buying a property is a significant decision, and when it comes to the Spanish market, there are certain factors I always recommend my clients consider carefully to ensure their dream becomes a lasting joy. My focus is always on ensuring quality in every choice and security at every step.

Here are my most important pieces of advice, based on many years of experience:

1. Research the region as if it were your new home

When looking at a region, imagine living there permanently. It's not just about beautiful beaches and Instagram-worthy views. How far is it to a hospital, a doctor, or even a veterinarian if you have pets? In emergencies, distances can mean everything. An idyllic, remote property might seem alluring, but practical accessibility to essential services is crucial for your peace of mind and security.

2. Check the climate – does it suit you year-round?

Spain is blessed with a fantastic climate, but there are significant regional differences. Some areas in Europe are truly at their best only 6-8 months a year. Imagine having a home that offers a stable year-round temperature of around 20 degrees Celsius, even in the coldest months, and over 300 days of sunshine annually. This is a reality in many parts of Southern Spain, and it makes the winter months in Northern Europe far easier to handle when you know you have a warm and sunny home to escape to. Always check the climate year-round for your chosen location.

3. The home should fit your actual needs

It's easy to get carried away by the idea of an enormous house with multiple bedrooms and living areas. But ask yourself: How often will all these rooms actually be in use? My experience is that many people "overbuy" in their minds.

A couple with children and grandchildren certainly needs space, but a property that is rarely fully utilized can quickly become an expensive affair in terms of maintenance and running costs. For most, 3-4 bedrooms is an absolute maximum, and for many, two bedrooms are more than enough.

If you need extra space for special occasions, rental options can be a smarter choice – let someone else bear the costs for those weeks it's not in use.

This is about quality of use, not just size.

4. Remote idyll or hub-close?

The choice between a remote property and a central location is about lifestyle and priorities.

Being close to beaches, restaurants, and bars provides immediate access to vibrant Spanish life, but it can also bring more noise and traffic during peak season.

A gated resort, like Las Colinas, often offers a self-contained environment with immediate access to facilities, but typically requires a car to reach shopping or external beaches. The advantage? Exceptional peace and quiet in the evenings – something that for many is more important than proximity to bustling areas.

Consider what is most important for your quality of life.

5. Which activities are most important to you?

Think about what you and your partner enjoy doing.

If golf is your passion, immediate access to quality courses is crucial. If beach life calls to you, the property should be close to your favourite beach.

Walking distance to your most important activities significantly increases the property's usable value. Gourmet experiences are also increasingly important for many buyers, so research the restaurant offerings in the area too.

6. Consider your rental options

If rental income is part of your motivation for buying, it's important to have a realistic approach.

Larger properties offer higher potential rental income, but they also attract fewer tenants. Properties within walking distance or with easy access to popular activities are generally more attractive on the rental market.

Often, it can be more profitable to invest in two smaller apartments rather than one large villa for the same total investment. You can use one yourself, while the other can be a pure rental unit, or a flexible option for guests when you need extra space.

Flexibility and market understanding are key here. Golf resorts can often yield higher rental income than pure beach destinations, as golf renters are often willing to pay more for proximity to high-quality courses.

7. Trust your gut feeling – but be open

How many times have we made a decision and later regretted it because our gut feeling told us something was off?

At the same time, an overly narrow wish list can prevent you from seeing the perfect property that doesn't fit all your predetermined boxes. My experience is that you need to have an open mind. Create a priority list, but be willing to explore options you might not have initially considered.

Our own experience is a good example. After selling a property in Florida, USA, we sought a similar experience in Southern Spain, but with simpler logistics. We were almost ready to sign on a property further south when a friend recommended we check out Las Colinas. We were almost too locked into our regional focus to consider the resort, but thankfully we took an extra day to visit. As soon as we drove through the main entrance here at Las Colinas, we knew we had found our base. The gut feeling was immediate, and we were incredibly glad we took that extra day. Las Colinas isn't for everyone, but for us, it was definitely the right place.

My advice is simple: See as many properties as you can. Buying a second home is a huge decision that could shape the next few decades of your life. Take that extra day before you sign – it might change your life, just as it did ours.

8. Do your due diligence

Once you've found your dream property, it's easy to get overly emotional. But this is when the most important work begins. Understand local tax laws, inheritance laws (even if they might be decades away), and ensure you are protected if anything should happen to the developer – bank guarantees and protected payment plans are essential. Use a trusted advisor who can ensure the process is maximized to your family's needs. It won't cost you more, it just takes a little more time – an investment that provides unparalleled security and can prevent costly mistakes in the future.

What are your thoughts on these points?

Have you experienced similar uncertainty when buying property abroad, or perhaps a "gut feeling" that led you in the right direction? I'd love to hear your experiences.

Good luck with your property search!

Thanks for reading!

John