Living on an urbanisation or private estate formed of apartments, houses or villas is common practice in Spain, and has a number of things going for it, especially if you are looking buy over here for the first time:-
1. Facilities like swimming pools, communal gardens and play areas for the kids, give you everything you need right on your doorstep.
It´s also good to keep family members coming to stay with you nice and occupied, rather than having your whole day mapped out for you.
Most estates have their own supermarkets and restaurants.
2. Urbanisation properties tend to make for a good holiday home, and even better, when you’re not there, there should be plenty of opportunities to rent it out to other people looking for a short-term holiday let.
3. Community spirit is all too lacking nowadays, but living on an urbanisation gives you a chance to make a group of friends, either of the same nationality as you or from around the world.
Things to watch out for:-
While all the legal aspects of buying a property on a residential estate are usually very secure thanks to the fact that the whole community, everyone else who has bought there, are all under the same contractual obligations.
It is still advisable, as whenever you buy property, to use a solicitor rather than doing it yourself.
In this way, you can ensure that you don’t get bitten by any unexpected maintenance costs all year round for the communal areas, as these can raise the total buying price considerably.
Also, be advised to research very carefully where exactly the urbanisation is located if you are virtually new to the area.
Check out road links and public bus services, and of course visit an urbanisation yourself, before making any kind of commitment.
If you are after a Finca in a quiet spot, then that, of course, is what some buyers want.
But there are others who would regard as living on an urbanisation as the perfect option for them.
Just do your research carefully.