5 myths about buying a property

Buying a property is one of the most important financial and personal decisions. However, there are many common beliefs that can lead to costly mistakes or poorly informed decisions, especially in high-demand areas such as the Costa Brava.

Below, we debunk some of the most common myths to help you buy with confidence.

Myth 1: “Prices can always be heavily negotiated”

For years, many buyers have believed that the listed price is just a starting point for negotiation.
In reality, in dynamic markets, many properties are already priced according to their true market value.

In high-demand areas like the Costa Brava, negotiation margins are often limited, especially for well-located or well-maintained properties.

Myth 2: “Buying off-plan is always cheaper”

While this can sometimes be true, it is not a general rule.
The price of off-plan properties depends on various factors: location, market timing, project quality, and expected demand.

In some cases, buying a completed property may offer better value or lower risk.

Myth 3: “Any property can be easily renovated”

Many buyers assume they can fully adapt a property to their preferences. However, there are urban planning regulations, local rules, and structural limitations that may restrict certain renovations.

It is essential to understand what can and cannot be done before purchasing.

Myth 4: “If the bank grants a mortgage, everything is fine”

The approval of a mortgage does not guarantee that the property is free from legal or technical issues.

Banks primarily assess the buyer’s financial situation, but they do not always identify potential problems such as legal charges, planning irregularities, or registration issues.

Myth 5: “I don’t need professional advice”

Some buyers believe they can manage the entire process on their own. However, a property purchase involves legal, tax, and technical aspects that are not always obvious.

Professional advice provides security and can help avoid costly mistakes in the long run.

Conclusion

Buying a property is not just about finding the right home—it’s about making informed decisions.

Understanding and avoiding these myths is the first step toward a safe purchase, especially in competitive markets like the Costa Brava. With the right knowledge and guidance, a good opportunity can become an excellent investment.

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