Buying Spanish Property as an Investment ...

If you're considering purchasing property in Spain as an investment, your decision of what kind of property to purchase could be very different than if you were simply buying property for your personal use.

More than likely, you're going to offer the property as rental property when you're not using it. That means that the only way you're going to get a good return on your investment is if you have property that is going to be in demand. A cabin hidden away in a tiny village may be just what you want when you vacation in Spain, but you have to ask what most people are looking for.

But how do you judge what locations will be in demand and what amenities are necessary? Take a look at the most popular vacation spots for the answer.

The experts say that there are some things that are simply non-negotiable if you want to keep your property rented as much as possible. Access to beaches and pools is one of the biggest, but the rental property most often in demand is also near to shopping opportunities, clubs and similar "nightlife," and other attractions.

Don't overlook transportation. Most vacationers aren't going to arrive in the family car so access to airports, car rental companies and public transportation is also important.

If you were buying property exclusively for your own use, price would likely play an important role in your decision. If you're looking for property as an investment, you have some additional points to consider.

First, you're going to have an income from the property so you can probably afford to pay more than you would otherwise consider. Just as importantly, those who travel to Spain looking for holiday rentals probably aren't going to be looking for second-rate accommodations. Quality houses, good furnishings and plenty of extras will entice more renters to seek out your property and to return next year - and the next.

Even if you're not going to be purchasing a top-rate villa, pay attention to the impression visitors are going to have. Look at your rental - whether it's a home or a small apartment - with the eyes of someone who has just paid to spend their holiday there. Chipped dishes, mismatched sheets and ragged towels probably aren't going to make a good impression.

Arrange to have the place cleaned following each guest, and consider leaving a small welcome gift - perhaps tickets to a local event or even refreshments in the refrigerator.