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Should I buy a parking space?

Posted: Sun Jan 2, 2022 8:55pm
2 replies49 views3 members subscribed
Bishee

Posts: 35

5 helpful points

Location: Fuengirola

Joined: 12 Sep 2021

I am buying a small new build flat in the centre of old fuengirola. It will be a holiday home and I will live mostly in the U.K.  I have the opportunity of buying a 2.5mx 5m parking space, within a 3-minute walk from the flat, in an underground car park for quite a small sum - and I can afford it. I will rarely bring a car from the U.K. to Fuengirola but may, at some time, buy a small car or perhaps allow relatives with a car to stay at the flat. I am happy to get that terrific C1 to and from the airport and have no real ambitions to move out of the town for sightseeing etc … though I do have a friend in Alhaurín who I may visit. Now … would you buy that car parking space? Some friends say yes because it’s an ‘investment’ and one day I may need it. Others say I’ll never use it so it’s a waste of money. 

Andrew14

Posted: Mon Jan 3, 2022 8:29am

Posts: 116

44 helpful points

Location: Vélez-Málaga

Joined: 26 Mar 2019

Posted: Mon Jan 3, 2022 8:29am

Your decision of course, were it myself & I had the spare cash I'd buy. As you say you may need it in future, for yourself or for visitors. 

Michael Quirke

Posted: Sun Jan 9, 2022 12:00pm

Posts: 14

2 helpful points

Location: Fuengirola

Joined: 2 Apr 2017

Posted: Sun Jan 9, 2022 12:00pm

Bishee wrote on Sun Jan 2, 2022 8:55pm:

I am buying a small new build flat in the centre of old fuengirola. It will be a holiday home and I will live mostly in the U.K.  I have the opportunity of buying a 2.5mx 5m parking space, within a 3-minute walk from the flat, in an underground car park for quite a small sum - and I can affo...

...rd it. I will rarely bring a car from the U.K. to Fuengirola but may, at some time, buy a small car or perhaps allow relatives with a car to stay at the flat. I am happy to get that terrific C1 to and from the airport and have no real ambitions to move out of the town for sightseeing etc … though I do have a friend in Alhaurín who I may visit. Now … would you buy that car parking space? Some friends say yes because it’s an ‘investment’ and one day I may need it. Others say I’ll never use it so it’s a waste of money. 

I think if you can afford it would be a wise investment as parking spaces are becoming rarer every year.  If you ever wanted to sell your apartment I believe it would help the sale. If any new purchaser did not want the space you could always sell the car space separately as shops in the area are always looking for spaces.  In our building you are no longer able to separate the car space from your apartment deeds.  Best of luck with the new investment.

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