01 Mar 2007 12:00 AM:

Hi everyone, my first posting - and hopefully not my last! My wife (who needs more convincing that the Spanish property market is the right solution!), and good self (fairly convinced that it is!), are first time buyers abroad. Budget appx £100k for a property with mid to long term investment with view of rental. The UK market is still a possibility but we want to try and keep our options open for the better type of return.

I am being attracted towards some of the golfing resorts in the area of Los Alcazares and San Javier (especially those nearer to the beach), and what they have to offer in terms of location, amenities, renting, and hopefully re-sale potential. The area also seems to be having money spent on it by the Spanish Govt., in terms of new rail/road/airport links. Other positive considerations by them seem to be the restrictions on high rise blocks etc.

We are not against buying off-plan , but are thinking more at re-sale properties with the view of getting some income asap. (good or bad move?).

Having briefly looked at other countries for investment, Spain still feels right.

We have been in contact with MRI and are due to go to Murcia,  in the near future to get a feel for what is around. (I’ve read some of the stories of MRI which are both plus and minus, although as is human nature it always seems to be the bad experiences that people tend to offer, rather than the good ones). We are certainly not going out with cheque books/credit cards at the ready - And also intend to keep our feet on the ground and cheque book in the drawer once home - For a while anyway!

The whole idea sometimes seems too daunting, again only really hearing more horror stories than successful ones! We’ve read a number of the postings on this site, and there is a lot of experience within the community, we would appreciate any info/tips on our train of thought, or pointers to any web-links that would help us with our decision making.

Thanks in advance.

Thread: Advice For First Time Buyers Please………

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