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Call from the UK: 07429.330.639
The Energy Performance Certificate will be compulsory for Spanish houses starting from the 1st of June 2013. This is a must for home owners and landlords willing to sell or rent their property for a period of at least 4 months. The cost of the Certificate is a big question mark in Spain at the moment This means, on one hand, an extra cost for home owners...
Behind the sunny image of the country of Spain with its lovely beaches, amazing gastronomy and wines, enviable lifestyle, cheap properties and good property investment opportunities, there is a wounded Spain. Of course life goes on so there are still many reasons why it’s easy to break into a smile every day … but people have a feeling of pity inside them: the economic crisis, frustrations with the...
The price of homes in Spain has lowered around 30% (average) since the housing bubble burst. They will continue to lower in 2012 and it would be a good idea to follow certain guidelines to get the best possible price if you are a serious buyer. These are some pieces of advice that will be useful in buying a “bargain” directly from a particular seller.
Is it the right time to buy? Has the market touched rock-bottom? What sort of market are buyers facing at the moment, if they want to buy? In this scenario of oversupply, do I still need an Estate Agent? Should I be sceptical about agents and developers?
Even though prices for real estate in Spain are dropping because of the recession and stock market problems, buying an apartment continues to come along with a group of expenses that might lead people into thinking that it is better to rent than to buy. Homeowners can spend around 2,188 euros annually because of all of the basic fees: Council Tax, small repairs, home insurance…
The New Year brings a good panorama for property buyers and investors. 2011 has been the year in which property investors and home-buyers have kept a closer eye on property prices in Spain. Better prices; better quality of the new property stock; encouraging rental market; more security to investors; are, in short, some of the key points for investors and home buyers in Spain in 2012.
The new Spanish Prime Minister, the Conservative, Mariano Rajoy has taken the reins of the country in an attempt to straighten up the economy, and in particular, the property market, which is the cornerstone of the economy. The new housing policy which Rajoy wants to enlarge, will be focused on tax relief from property transactions and V.A.T. reductions. Also, Spanish experts have adviced that the new Government should address...
This is a question that our clients and registered visitors have asked us over the last few months: should I buy or rent a flat in Spain? Spain is a great place to live and be visited. The alluring country attracts millions of holiday-makers and new residents from overseas, every year. Whoever decides to make the move to Spain, either permanently or for long periods, has to...
The Spanish rental market is getting closer to what everybody needs: a more reliable market with a framework that makes renting safer for landlords in terms of payments from tenants.
Spanish property investments could be recommended at this moment. As with the rest of the world, Spain is experiencing a recession, meaning that property rates are going down. You will definitely want someone in your corner (an attorney or someone skilled in property investment) to show you the ropes of the investment.
Discounts to sell properties are because the market is not really doing well according to the last official figure from the Ministry of Public Work: in Q1/2011 a total of 74,540 properties were sold. This means 50% less properties than during the previous quarter (Q4/2010) and 30.4% less than Q1/2010.
Whereas the Minister of Public Works, José Blanco, still announcing in his particular road show that the Spanish economy is recovering and his department still convinced that the property stock is around 700,000 units, the experts in Spain work out that the stock may be around 4 million units according to the last report by RR de Acuna & Asociados. Before the road show , Mr Blanco said to...
The president of the Spanish consultancy RR de Acuña, Fernando Rodríguez Acuña, has been interviewed in cotizalia.com about the Spanish property market. It is a good interview with frank and honest answers to understand in brief what has happened and when the property crash will end.There are surprising revelations and controversial points.
The Spanish market is going through a situation in which we presume that bigger price drops will be experienced in the next nine months. Prices will fall furthermore but with moderation. We know that banks and Saving Banks are under pressure and also they have an increasing property stock that must be sold out as quickly as possible.
Slowly, slowly, banks are disclosing their exposure to property credit risk and grounding to the real status of their spanish property business. The Bank of Spain worked out six months ago that it could be 181 billion and now the banks have the word. Banesto announced the last week an exposure of € 10.3 billion related to property and assumed a loss of 21% - already there is 18%...
The New Year brings a good panorama for property buyers and investors who are keeping an eye on the distressed Spanish property market. Better prices; higher stock; promising margins to negotiate; stronger rental market; the will of authorities to deliver security to foreign investors; are, in short, some of the key points for investors and homebuyers in Spain in 2011 – and maybe in 2012 as well. 1. Better...
Tips on key point to decide whether to buy or not to buy in Spain? The financial crisis has reached a new peak after the bailout of Ireland. The pressure is now on Spain and it has implications for the property market. It makes sense to ask yourself ″Am I going to slip up?″.
In the construction sector, seasonally adjusted production fell by 2.1% in the euro area and by 1.7% in the EU27 in September 2010, compared with the previous month. Spain is leading the fall in construction in the EU.
It could be dozen of thousands of Spanish mortgage borrowers who have been affected by Swaps products commercialized by Spanish Banks between 2007 and 2009. There are more than 4,000 already registered as affected, but only Banks know how many there are.
For the first time in Spain, property developers have recognized in public that it could be better to demolish developments that were built up in the Spanish property boom and will never be sold. ″Junk properties″ that were built up by speculators in the peak of the boom are now a burden (toxic assets) for the real surplus of property that potentially can be sold in a reasonable period of...
