In 2024, Poles bought over 4,000 in Spain. real estate. In the first quarter of 2025, they already purchased almost a thousand houses and apartments. Internet forums are boiling from the questions of the next interested parties. This is where we came across Kinga Pawłowska, who does not color the situation and talks about the dark sides of investing in Spain to warn unconscious risks.
– In my opinion, it's too late at the moment. A few years ago there was a sense of investing, even at a distance. At the moment, however, I think that you have to be there to make it sense – he says in an interview with Business Insider. – I will tell about my situation when I bought a flat two years ago – he adds.
Read also at Business Insider
“It lasted,” I saw dozens of apartments before I decided. And dozens of apartments can be seen only how you are there. Theoretically, the apartment was checked by a lawyer, verified that there is no debts on him and so on, everything was clean in theory. So I bought this apartment and then it turned out that the debts were, but not in the apartment or the building itself, and in the cooperative that manages the building. And so far with the owners of other apartments in this building we are tugging with it. You still have to pay extra and participate in meetings, so I can't imagine watching it, being abroad – continues our interlocutor.
Apartment for rent in Spain? Check it out thoroughly
In his opinion on investing in Spain, Kinga is based not only on his own experience. – There is mass here, this is not one case. Who I do not talk to, everyone says that they go through similar situations – he argues.
– I have a friend who has several apartments here. Virtually 70 percent There were problems that she bought. There are a lot of such things that come out with time – says.
The next situation applies to a friend Kinga from Poland, who has a flat bought as an investment for rent. – The rules have changed recently and it turned out that in her building most owners voted against rent. This means that if someone buys a flat in this building, they will no longer be able to obtain a rental license – explains our interlocutor.
He warns that often in these matters you can not even count on intermediaries or lawyers who help with transactions. – Very often lawyers who deal with the preparation of transactions do not go so far in checking the premises. They do not x -ray the administration, which is multi -level in Spain – he adds.
To illustrate the situation, Kinga gives a simple example: as there are four buildings in the estate, each building is a kind of “micro -partner”, and above it is something like a “macrosphere”, which covers the entire estate.
– Decision is made at all these levels, so imagine confusion. This is another absurdity that we are dealing with here – emphasizes the Polish woman.
See also: If not Spain, then what? They bought a house in the Dominican Republic, advise you how to do it and what to watch out for
– Fortunately, from the so -called Ocupas is a bit better now, because the new law has entered this year. Apparently, policemen now have the opportunity to immediately evict people who have illegally occupied the property. There is hope that there will be a smaller problem with this phenomenon now – says Kinga.
Let's explain that the “Ocupas” is referred to in Spain, people who illegally occupy the property. It is a matter that has been controversial among the Spaniards and foreign investors for years, who until now had to watch their premises. All because getting rid of unwanted tenants was almost impossible. There were even companies that operated on the verge of law, forcing moving out.
See also: Poles “crush” Spain. What does loans look like?
Investment in Spain. Where and for whom does it make sense?
So is buying real estate in Spain completely pointless? According to Kinga, a key issue is the goal. Earning on rent is getting more and more difficult.
– As for the clean financial side, when someone lives in Poland and has a place here, you know, you have to take a management company. I have friends who function this way and it is very expensive. These companies, regardless of whether you have customers for an apartment or not, take basic permanent real estate management rates. In addition, there are percentages from when the apartment is rented, cleaning fees. And you have to remember that you also pay 15-20 percent. Booking or other intermediaries – enumerates the Polish woman.
– There are considerable costs of this and in fact the amount you get from the client, at least 50 percent. You have to give back. Not to mention taxes, because here taxes are high, you pay over 20 percent. on revenues from the rental of real estate. In my opinion, it doesn't It is different if there is someone on the spot and can embrace many things himself – he adds.
However, as Kinga emphasizes, otherwise you can look at the property, if it is a “investment” on the principle: “I buy, and maybe someday it will be useful to me” or “I go on vacation”. – If someone has, so to speak, too much cash, why not – he sums up.
Our interlocutor also advises where to look for a flat in Spain today. – If so, I think that this applies more to the Costa Blanca region, i.e. around Alicante, because there these apartments are much cheaper. In Andalusia, the prices of apartments have now gone up and are really high. It's not so simple to find an opportunity – he says.
