Costa del Sol is a world-famous stretch of coastline in southern Spain's Andalusia region, running along the Mediterranean Sea from Málaga to Gibraltar.
Costa del Sol is world famous as the "Sun Coast," with a year-round warm sunny climate, miles of sandy golden beaches, a great selection of golf courses, luxury marinas for the wealthy, and a truly cosmopolitan lifestyle.
Popular cities and towns where buyers look for luxury properties as personal use or investments along the Costa del Sol include Marbella, Estepona, Fuengirola, Benalmádena, Torremolinos, and Málaga City.
Websites that are set-up for FRBO, allow filtering for owner-listed rentals, and when searching be sure about what you want such as location, budget, and the type of housing.
Never wire money or send deposits before seeing the property, and ask for a lease and verify ownership if possible by using local property tax records.
Buying a property or house that is then set up as a "for rent by owner" (FRBO), is usually one that is intended to be rented out without the assistance of a property manager.
When a suitable property has been found evaluate the property as an investment, and ask for current rental rates and payment history, maintenance records, property expenses such as taxes, insurance and utilities costs.
You can work directly with the owner or hire a real estate attorney or buyer's agent to help draft an offer, but before making an offer perform due diligence such as hiring a licensed home inspector and ensure there are no liens.
If considering buying an investment property that is currently a rental, there is the option to contact the manager or proprietor of a Costa del Sol property for rent by owner, and then use a title company or closing attorney to handle the purchase process.
FEATURED Spain LISTING
Location : Orihuela, Alicante
Property Type: VillaProperty Terms: For SaleLocal Currency Price: Price in USD: $310,000
Costa del Sol generally has a very stable property market and purchasing or selling properties is done in a transparent manner. Costa del Sol is well-regulated, with strong legal protections for ownership, and relatively low political risk provides peace of mid to investors and private buyers looking for real estate opportunities.
In sought-after cities and tourist destinations, property values have shown consistent long-term growth-especially in areas with at times limited supply.
Real Estate Agents and Property Developers in Spain
