There are many people that are selling there homes and moving to Spain. With prices on property rising to the extreme in England, you can sell your terraced house and buy an apartment and still have change.
People have got tired of taxes and working for someone else, so there are many people buying businesses in Spain for there income. Bringing there families with them to provide a much more tolerable place for their children to grow up in.
Many are opting for bars to buy, and there are many Commercial Property in Mallorca, Spain to choose from, including restaurants and bed and breakfasts and many more. Some people are setting up there own businesses, such as pool maintenance and internet cafes.
If you can find a shop front to rent, this is another way that people are using for shops that the Spanish do not provide for, for the many thousands that are seeking business owning status in Spain.
There are many apartments in need of refurbishing in Spain, and therefore there is a market to restore the property and in return you can rent it or resell it, either way this provides a new income.
There is not much employment in Spain for foreigners, so the best way to provide for your family is to set up your own business or to buy one. The medical insurance is very low, and the standards of the hospitals and doctors are much higher than most countries.
When buying a business, it is essential that you get yourself a reputable lawyer to ensure a smooth transaction, this is necessary because there are hidden ancient Spanish laws in some contracts that you do not want to be involved in.
Usually when people buy a business, they rent a house, so make sure if you are living on a budget, that you account for two rents the business and the house, this must not be dismissed or you could find yourself in financial difficulty.
Insurance is very cheap in Spain, so taking out a separate policy on your investment is advisable, as the building will be insured by the owner and not the contents. Commercial Property in Mallorca, Spain, should be a smooth ride and if planned properly, it should be a satisfying experience.
Find out more about Business Finder Mallorca and Mallorca Business for Sale
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