Reasons to Buy a Holiday Property in Spain

1. Personal Retreat

Having your own space in a country as conveniently situated as Spain means you can escape whenever you want. Instead of booking a rental or hotel, your holiday home is waiting for you, set up exactly how you like it. Whether it's a villa in the hills or an apartment overlooking the beach, it’s a retreat from everyday life.

2. Year-Round Accessibility

Spain is well-connected by air, especially with budget airlines offering frequent flights from major European cities. You can easily fly to your holiday villa or apartment whenever you like.

3. Memories with Family and Friends

Your own holiday property in Spain is more than a place to stay — it's where memories are made. Host reunions, celebrate milestones, or unwind together. Over time, this sun-drenched sanctuary becomes a backdrop for cherished experiences that weave through generations, creating a tapestry of family connection.

4. Familiar Comforts

MYNE handles the general tax management of the property, including Spanish regional taxation of income from letting and leasing. We work with renowned tax and law firms to develop a structure that is optimised for holding and managing holiday homes at home and abroad. This structure helps avoid typical pitfalls. 

At the end of each year, you will receive a detailed document that you can pass on to your tax advisor. We would be happy to explain the details to you in an individual meeting.

5. A Legacy for Your Family

An overseas holiday home is an investment in your family’s future. Not only can it become a cherished getaway, but it can also be passed down through generations. It offers the chance to build a family tradition — a place for future reunions and getaways.

6. Community Feel

When you buy a home, you’re not just investing in property but also in a new community. Get to know the local culture, meet friendly neighbours, and build relationships in the area. Spain is known for its welcoming locals and vibrant expat communities, making it easy to settle in. See this guide for a full overview of festivals across the country.

7. Fantastic Culture, Food and Wine

Spain is a haven for foodies, offering everything from fresh seafood to world-class wines. Having your own home means you can enjoy local produce and cook up your own Spanish feasts.

8. Pick the Perfect Location

Spain offers something for everyone, from coastal towns to countryside retreats. You can choose a place that aligns with your interests, whether it's water sports, hiking, or just relaxing by the beach.

Buying a holiday home in a location you love makes it easy to enjoy your hobbies whenever you visit.

Challenges of Owning a Holiday Property in Spain

1. Property Maintenance and Management

Your holiday house is likely not near your primary residence, making maintenance a hassle. Tasks like lawn care and repairs can add up. If you rent out your home, you’ll also manage bookings and cleaning.

Hiring a property manager can ease these burdens, allowing you to enjoy your home stress-free, though this service will incur additional costs.

2. Local Holiday Rental Laws

Research local regulations before assuming you can rent out your home. Many Spanish towns are imposing restrictions or licensing fees on short-term rentals, which could affect your rental income. Stay informed about these laws, as they can significantly impact your plans.

3. Limited Location Benefits

Once you buy a holiday home, you’ll likely want to spend most of your time there, potentially neglecting other destinations. An underutilised property can quickly become a financial burden. 

MYNE Holiday Homes

MYNE transforms holiday home ownership with our co-ownership model, offering premium properties in stunning European destinations. Our digital-first approach simplifies everything—from finding your dream home to reserving stays and arranging concierge services. With full management of purchase, legal matters, and maintenance, we ensure a hassle-free experience, letting you enjoy your getaway to the fullest!