Sellers of Spanish Property Largely Unwilling to Reduce Prices

0 CommentsWritten by adminFiled Under: Spanish Property Market

Sellers of Spanish Property Largely Unwilling to Reduce Prices

Article by Les Calvert

Overseas property portal http://www.property-abroad.com/””>Property Abroad has revealed that only 12% of private sellers of property in Spain have gotten to the point where they accept the realisation that price-drops may be necessary if they want to sell in a reasonable time frame. The figure suggests that the Spanish property market may have a long way to go before it recovers according to Les Calvert, director of the portal, he said:

“63% of all our FSBO properties are in Spain. So many people will likely be surprised that only 12% of our private sellers of property in Spain, have faced the fact that price drops are probably going to be necessary to get a sale. Surprising or not it is the reason why a recovery in the Spanish property market is a lot further off than the UK or any other location where sellers have faced up to the fact that it is a buyer’s market”.

“A recovery is dependent on the price that buyers are willing to pay, — how cheaply they can get the property for — and what sellers are willing to drop their price to, meeting in the middle. Thus price drops are necessary to restart the market in Spain, because sales will only pick up when the above gap is closed on a large scale.”

Property Abroad are currently advertising hundreds of properties for sale in Spain, dozens of which are resale properties for sale by owner.

Les recommended a 2 bedroom townhouse for sale in Costa Calida as his star property. Property for sale in Costa Calida was recently named as among the 5 most popular locations in Spain by the portal. And the 2 bedroom townhouse recommended by Les is being offered for the bargain price of £43,919. Though the property isn’t the least expensive being advertised by the portal, it is habitable and with a little work could “really be made into something special,” Les finished.

About the Author

About Property Abroad

Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact the team at: info@property-abroad.com

Property Abroad LTD182 York RoadHartlepoolTS26 9EAwww.property-abroad.com

Time To Educate The Spanish Property Press

0 CommentsWritten by adminFiled Under: Spanish Property Market

Time To Educate The Spanish Property Press

Article by Xana Sexta

Recent Costa del Sol property research reveals that 2,359 homes were sold in August – the highest monthly tally since May 2008 – up 25.6 per cent on the previous month and almost 30 per cent higher compared to corresponding month in 2009.

If this data doesn’t indicate that prices have bottomed out and buyers are moving into take advantage I am not sure what does. This is also reflected in parts of Costa Blanca as well. In Mallorca prices have actually risen 3.7%

A growing number of Spanish property market professionals now believe that the market has bottomed out something I agree with and in Costa del Sol and Mallorca we hit that particular mark back in April however buyers still think they can buy property at prices they cant. I don’t blame buyers for flexing their muscles in good times for buyers but the problem is the articles they are reading are leading them not to buy and more importantly these clients are missing out.

A recent article claimed that the Spanish property market was overvalued by 47% and the UK by 32% and prices had to fall further. Now just ask yourself how far will prices fall in the UK and add the Sun factor into the Spanish market and you might begin to see that all these so called experts are missing other factors such as in Costa del Sol you can currently buy property for less than you can build it for. Property prices may have come down by 40% but the price of construction hasn’t.

In Mallorca and Marbella Town we find buyers much savvier as to what they can get for their money and when they have got a good deal. Maybe they make their own judgment call in that regard but one thing for sure if we could educated the press to the realities of the current situation than maybe potential buyers would become more realistic and not end up totally missing out.

About the Author

I am Xana Sexta PR and Marketing manager for Spanish hot Properties group of companies and websites and I am responisble for all articles concerning Buy Property in Spain & Costa del Sol Properties

Cash Back With Exclusive Spanish Property Finder

0 CommentsWritten by adminFiled Under: Spanish Property Market

Cash Back With Exclusive Spanish Property Finder

Article by Xana Sexta

A unique and unrivalled property finder service for Spanish property buyers looking to buy in Costa del Sol has been launched by Spanish Hot Properites.

How does the Exclusive Property Finder work?

It’s easy and simple to use

1 You tell us what you’re looking for and how much you want to spend

2 We search through our existing listings and those of all the long established and reputable agents here and Costa del Sol, currently some 14000 properties. Also if you see a property on another Costa del Sol agents website let us know and together we can decide on the best available selection of properties that meet your expectations.

3 We then make all the appointments for you and collect and take you to all the viewing appointments so you get the most from your viewings.

4 After you have viewed all the properties we will sit down with you and discuss the merits of each property and where necessary give you our professional advice which will hopefully help you to make the right decision as to which property to buy. We will then do all the work and most importantly negotiate the sale of the property you want and liaise with you and your lawyers to make sure your purchase goes through as smoothly as possible.

Why should you use the Exclusive Property Finder?

Pretty much for all the reasons above and that you will have one point of contact and will get professional advice from people that have your interests at heart as we are here for the long term. Our service levels are second to none and we will do everything in our power to make your Spanish property buying experience as smooth as possible.

About Us

We are ordinary people just like you who moved to Spain in the year 2000 and know and fully understand the Spanish property market. We are here to help you if you want our help and as our company was set up to make a difference we know those who sign up for our Exclusive Property Finder will not be disappointed.

SIGN UP TO OUR EXCLUSIVE PROPERTY FINDER SERVICE BEFORE 31 JAN 2011 AND GET CASH BACK

Whilst we don’t think our unique professional Exclusive Property Finder service needs any incentives we are also aware that we are currently working in a very competitive business environment.

With this in mind we are giving away 20% of our commission as cash back to our clients who book our service before the end of January 2011. This may also be used to get a bigger discount on your property purchase which would mean that you will be saving more than 20% of our commission on your purchase but obviously with your agreement. This means that we are totally focused on getting you the best deal possible.

If you would like to know more about the Exclusive Property Finder then please call us today on 0034 664 268 809 or email us on info@spanishhotproperties.com

About the Author

I am Xana Sexta PR and Marketing manager for Spanish hot Properties group of companies and websites and I am responsible for all articles concerning Nueva Andalucia property & property for sale Elviria

A guide to Cyprus, Bulgaria and Spanish Property

0 CommentsWritten by adminFiled Under: Spanish Property Market

A guide to Cyprus, Bulgaria and Spanish Property

Article by Pauline Hopkins

Spanish property, Cyprus property and Bulgaria property are ranked very high in overseas property interest list.Have you too been thinking of buying an overseas property in Spain, Cyprus or Bulgaria? While sitting in your New York office have you been wondering how can I manage to buy a property for sale in Spanish? Here is a mini guide to smoothen your process of buying an overseas property.

While looking for a property in Spain, the first thing you need to bear in mind is that Spanish property market is an unregulated industry. So it is as good as any other unregulated market. There are plenty of good real estate service providers who can help you find a good property for sale in Spain. One more important criterion to be fulfilled when buying a Spanish property is that foreign buyers need to acquire a fiscal identification number known as NIE (Numero de Identification Extranjero). It is required by Spanish tax authorities to identify buyers.

Cyprus is popular holiday destination flashing crystal clear water, sandy beaches, traditional villages and years of history. And now Cyprus property is also in high demand. There are numerous buyers looking for a holiday home as it is very well connected. The land registry system in Cyprus differs only marginally from that in Unite Kingdom. Also the buy-to-let investment opportunity is very high for Cyprus property owners.

Buying a Bulgaria property is very lucrative option with Bulgaria recently becoming a member of EU. One thing important for the foreign buyers eager to buy Bulgaria property is to know is that there is a Tax estimation price, which is similar to ratable value in UK. This price is usually many times lower than the actual sale price and vendors generally prefer to write this price in title deed.

In order to be successful in buying overseas property Spain or overseas property Cyprus or property for sale in Bulgaria, you need to be able to get in touch with a registered estate agent who has a strong local presence and good relations with property developers. While buying an overseas property extensive due diligence is required as property laws are very likely to be different across different places. Thus along with a trusted real estate agent,it is also important to hire an independent legal representative who can clarify any doubts you have and who can be held legally liable.

About the Author

She is a property advisor and recommends you to visit href=”http://www.interlinkproperties.com/”>http://www.interlinkproperties.com/ for information on overseas properties.

Spanish Investment Property Market In 2006

0 CommentsWritten by adminFiled Under: Spanish Property Market

Spanish Investment Property Market In 2006

Article by Franco Marzio

Recent speculation from some property experts has suggested that the Spanish property market could see some decline in the very near future.

While for investors that have already bought their Spanish investment property and are looking to sell soon for a profit this may be less than desirable news, though overall for new buyers this is very good news indeed.

The reason is that when property prices start declining in any country the buyers are in more of a position of control and selection over the properties they buy and also the asking price becomes more negotiable.

While in the past where prices have continued to sky rocket in popular areas of Spain, it has generally been the sellers who were at an advantage and were able to sell up for guaranteed profits.

Because of these market changes you will find that the buyers looking to invest longer term will benefit greatly, especially with some of the bargains they will find in the coming months.

Spanish investment property in 2006 is looking up for the longer term investor as prices are estimated to drop by as much as 10% next year due to slightly less demand but the continued new developments being built.

While this is not ideal for developers in Spain, this is great news for anyone looking to invest in the ever popular Spanish off-plan property market.

Spanish investment property seems like it will clearly need a more long-term strategy for the investor, as a drop in prices will mean less chance of an investor selling for profit in the near future.

By investing long term though rentals and property prices are expected to grow steadily in the future meaning that buying now at a lower price could have major returns in the future.

The speculation of property price drops in Spain is also likely to cause investors to hold off buying for a few months to see if they can find some good bargains. As more sellers find it difficult to sell their property due to caution in the market, its likely that buyers will be able to find themselves some really good deals by waiting and holding back over the next few months.

Many people will likely be dropping their prices to make sure they will sell their property in a slowing market, which means the buyer will have the upper hand in negotiating with sellers or developers.

Two top property companies in Spain are advising buyers to make their bids between five and ten percent below the current asking price, therefore investors who are willing to bide their time can make some very smart purchases in 2006.

About the Author

Spanish Investment Properties

Mijas Costa Property Market Report July 2009 from Spanish Hot Properties

0 CommentsWritten by adminFiled Under: Spanish Property Market

Mijas Costa Property Market Report July 2009 from Spanish Hot Properties

Article by Susana Suspenda

“The first thing you have to understand about the Mijas Costa property market is the area itself. The municipal area of Mijas covers almost 140 square kilometers, extending from the mountains down to the sea surrounding the municipality of Fuengirola. The Urban áreas of Mijas are Mijas Pueblo, Las Lagunas, La Cala de Mijas and Mijas Costa. The pueblo is slightly inland and known as the White Village situated at the foothills of the Cordón Montañoso del Litoral with historic buildings, museums and traditional bars and restaurants. Las Lagunas, La Cala de Mijas and Mijas Costa are the newer parts where most of the services and new housing developments are situated The Fuengirola River flows through the centre of the municipality, where there are large agricultural areas, seven golf courses and luxury housing estates. Since the pueblo village was discovered in the sixties, over fifty nationalities have made it their home and the impact can be appreciated with the international cuisine, cosmopolitan clubs and influence of foreign culture and the arts. Mijas Costa is highly developed for tourism, but retains some its historical attractions with the four centuries-old Vigilance Towers of Calaburras, Torre Vieja, Torre Nueva (built in the 19th century) and the Torre de Calahonda which was built in the 16th century.If you drive along the old road that unites Mijas with Benalmadena you will pass the large lookout point opening to the sea, hidden amidst pines, ornamental plants and summer houses along the coastline. Besides the numerous international restaurants, there are local eateries which serve traditional Andalucian cuisine, and the diversity of shops in Mijas make it an ideal place to buy all types of articles and local crafts and souvenirs from the Costa del Sol which range from locally produced honeys to intricate silverwork to basket weaving. In reality the majority of property in Mijas Costa is based around four towns Calalhonda, Riviera, El Faro and the jewel in the crown La Cala de Mijas which is about 20% more expensive than the rest of the costal towns in Mijas Costa. This is where some of the best value is in Costa del Sol and you can find excellent quality property starting at €140,000 Euros and even some Villas starting at €325,000. Also for people who come to live here full time the cost of living is much less than close by Marbella.

Anyone wishing to find more about the current state of the Mijas Costa property market or require information about Spanish property should contact Spanish Hot Properties.HQ Mailing Address:Spanish Hot Properties SLGerald Brennan 46Alhaurin El Grande 29120MalagaEspana

CONTACT VIA TELEPHONEUK: 0207 558 8355 International: 0034 952 588 910Email; info@spanishhotrpoperties.comWebsite: http://www.spanishhotproperties.com/Spain/Andalucia/Costa_Del_Sol/Mijas_Costa/1/index.htm

About the Author

CONTACT VIA TELEPHONEUK: 0207 558 8355 International: 0034 952 588 910Email; info@spanishhotrpoperties.comWebsite: http://www.spanishhotproperties.com/Spain/Andalucia/Costa_Del_Sol/Mijas_Costa/1/index.htm

Spanish property – To buy or not to buy

0 CommentsWritten by adminFiled Under: Spanish Property Market

Spanish property – To buy or not to buy

Article by Andrew Regan

With its stable interest rates, the vibrant UK has, in recent years, seen a pattern become established, whereby families have built savings and created a cash-pile to tap into. These days, obtaining a large mortgage on a newly desired home requires an initial financial stretch in order to secure the deal. However, with income growth outstripping costs growth, homeowners can see an increase in their bank balance throughout the subsequent years, allowing for the creation of a nest-egg. On reaching this stage, families often decide to either move to a more expensive property, invest in a home extension or buy a property abroad – with the most popular destination being a home in Spain.The thought of owning a property in Spain is seductive, and probably without a doubt, the biggest factor in the decision-making process of any potential property buyer. In fact, these thoughts can often outweigh any initial caution that might surround the idea of owning a property situated thousands of miles away – a property which might stay empty for months on end.However, there are several other factors to consider before reaching a decision, including the type of property, location, budget and frequency of visits. Price, for example, is a prime consideration in the buying process although the price is not necessarily governed by the choice of property. Property choices can range from choosing a detached villa complete with all the inherent space benefits or an apartment with close neighbours; having a private pool or a communal pool; being located on a development site or a stand-alone site. In fact, the choices facing prospective property buyers in Spain are extensive.Many people who are seduced into owning a second home in Spain overlook the ongoing requirements that are needed once the new Spanish property purchase is complete. People generally anticipate the traditional costs, such as community charges – albeit considerably lower than in the UK – and the development complex’ annual services charges. But, there are other considerations that require careful thought: is the property safe? Will it become infested with insects? Do the rooms smell stale? Does the plumbing function? Is the pool clean? These and other concerns are all major doubts that are raised when the property is locked up and likely to stand empty for a long period of time.However, help is at hand because in any developed area of Spain, such as Costa Calida, there are numerous service companies who, for a reasonable yearly charge, can provide a range of property services to cover all of these issues and many more potential problems. For those property owners who choose to rent out their Spanish property on the open market, not only will these specialist agencies handle the marketing and letting of the property, but will also service the premises in-between guests. They can even oversee the hand-over of keys, if required.For property owners, ongoing maintenance costs can be offset by generating rental income; all the while benefiting personally by using the property for short breaks and extended holidays. Furthermore, the projected continuation of properties in Spain displaying capital appreciation across the period of ownership, coupled with the peace of mind offered by these service companies can make for a solid, all-round family decision.By enlisting the help of an external agency, any concerns surrounding ownership of a property in Spain can be removed, resulting in both peace of mind and security. In the UK, specialist experts in the Spanish property market, such as SpainDirect4U can not only provide a full search-and-find operation for newly built Spanish properties, but can also effect introductions to Spanish service companies who can provide all the necessary services required to cover every eventuality arising from ownership of a Spanish property.

About the Author

Andrew Regan is an online, freelance journalist.

Repossessed Spanish Property: Holiday Home Buyer and Investors Dream

0 CommentsWritten by adminFiled Under: Spanish Property Market

Repossessed Spanish Property: Holiday Home Buyer and Investors Dream

Article by Les Calvert

Spanish property is currently offering many bargains, as the market crash causes prices to drop 16% with another 15% forecast for the coming year. But the biggest bargains are the Spanish repossession properties. Liam Bailey chief market analyst for overseas property portal Property Abroad commented on repossession property in Spain:

“But the one I would recommend for investment is a repossessed property in Marbella priced at just €203,037, which is some €580,000 below what it has been valued at. Properties priced that low but yet that far below their value have got to be recommended for investment to be re-sold to Spaniards looking for a home in the area when the area recovers. €580,000 is a big window of opportunity, and when the global economy/Spanish property market starts to recover even if you make half that you have more than doubled your money.”

Property Abroad have hundreds of repossessed Spanish properties, the being sold for the farthest below its market value is the one referred to above a repossessed property in Marbella with a valuation price of €1,560,000 being sold for just €477,400.

Property Abroad has repossession properties in Puerto Banus, Nueva Andalucía, Estepona, Duquesa and of course Marbella, find out more by visiting the site.

Property Abroad LTD182 York RoadHartlepoolTS26 9EAwww.property-abroad.com

Chief Marketing AnalystLiam Baileyliam@property-abroad.com

About the Author

Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact Liam Bailey on liam@property-abroad.com or the team at: info@property-abroad.com

Why You Should Invest in Spanish Property

0 CommentsWritten by adminFiled Under: Spanish Property Market

Why You Should Invest in Spanish Property

Article by Guy Marrison

The reasons why people choose to invest in Spanish property are varied. Those wanting to spend their vacation in this beautiful country know all about its beautiful beaches and romantic culture. They want to experience its golden sunsets and warm nights with the sea air wafting through the curtains.Those who invest in Spanish real estate to earn money know all about the rising property prices, how every year the value of a piece of land can accumulate exponentially. They want to take advantage of the fact that the Spanish property market is doing well despite the economic crisis.A growing tourist destinationThe coasts of Spain are a popular tourist attraction. The sun and the sand draw thousands of foreigners every year to the country, bringing a huge amount of revenue to the government coffers. Thus, these tourist spots have been carefully developed to create the right atmosphere and ambiance and to provide modern amenities to visiting tourists. The real estate surrounding the coast has enjoyed the benefits of this development.Likewise, the formerly untouched regions of Spain have been given a makeover. The country is naturally beautiful, but the demand for Spanish property has to be supplied for the good of all. The country has become a hubbub of life and luxury, along the coast and in the mainland.Changing with the timesThis development has brought new golf courses, luxurious villas, resorts, hotels, restaurants, bars, and other business establishments to cater to the rich tourist. The attraction of Spain increased with these amenities. Its most loyal tourists are Englishmen and Germans, but recently other European citizens have found the country interesting enough to pay a visit. They find the beaches, villas, and tourist spots perfect for spending the holidays, and some others find them to be lucrative investments in the future.Because of the constant development involved in Spanish property and the people who are involved in buying and selling it, an active property market has developed in the country. Buying Spanish propertyThe real estate companies offer many products and services for those who are interested in owning their own Spanish villa or beach front resort. Some companies buy or sell property directly, having their own listing of several properties out in the market. Others only serve as third parties in the complicated process of buying and selling real estate in Spain. In other words, they just make arrangements with the owners, draw up mortgages, loans, and provide any service you might require in the process.It isn’t difficult to contact Spanish property developers. The Internet is always a good source. You don’t have to spend money to call them at international rates, since they’re just a free email away. You may also find that their services come at competitive rates, so make sure to contact other companies. Find out how much they charge before settling on one you want to do business with. Remember, the first step to owning Spanish property, especially if you live in another country, is choosing a trustworthy local real estate company. Buying property involves a lot of money and risk so be careful and stay alert.

About the Author

Guy Marrison runs Marrison Properties, a Marbella based Real Estate Company specialising in Marbella Property.Visit the Marrison Properties web site for more information about the Marbella Property Market

Spanish Property in Nerja Overview from Spanish Hot Properties July 2009

0 CommentsWritten by adminFiled Under: Spanish Property Market

Spanish Property in Nerja Overview from Spanish Hot Properties July 2009

Article by Susana Suspenda

2009 has been really interesting year so far for the Spanish property market the Nerja property market has been no different. However Nerja and Eastern Costa del Sol has some major factors that separate it from the rest of Costa del Sol with the major factor that the area hasn’t been over built to the levels that have occurred on the Costa del Sol to the west of Malaga according to Spanish Hot Properties marketing and operations manager Susana Suspenda.

Anyone wishing to find more about the current state of the Nerja property market or require information about Spanish property should contact Spanish Hot Properties.HQ Mailing Address:Spanish Hot Properties SLGerald Brennan 46Alhaurin El Grande 29120MalagaEspana

CONTACT VIA TELEPHONEUK: 0207 558 8355 International: 0034 952 588 910Email; info@spanishhotrpoperties.comWebsite: http://www.spanishhotproperties.com/Spain/Andalucia/Costa_Del_Sol/Nerja/1/index.htm

About the Author

CONTACT VIA TELEPHONEUK: 0207 558 8355 International: 0034 952 588 910Email; info@spanishhotrpoperties.comWebsite: http://www.spanishhotproperties.com/Spain/Andalucia/Costa_Del_Sol/Nerja/1/index.htm

Carasol Properties

Overseas Property Specialists

Call Us Today

0121 705 5079

Sellers of Spanish Property Largely Unwilling to Reduce Prices

0 CommentsWritten by adminFiled Under: Spanish Property Market

Related Reading:

Recommended Reading

Time To Educate The Spanish Property Press

0 CommentsWritten by adminFiled Under: Spanish Property Market

Related Reading:

Recommended Reading

Cash Back With Exclusive Spanish Property Finder

0 CommentsWritten by adminFiled Under: Spanish Property Market

Related Reading:

Recommended Reading

A guide to Cyprus, Bulgaria and Spanish Property

0 CommentsWritten by adminFiled Under: Spanish Property Market

Related Reading:

Recommended Reading

Spanish Investment Property Market In 2006

0 CommentsWritten by adminFiled Under: Spanish Property Market

Related Reading:

Recommended Reading

Mijas Costa Property Market Report July 2009 from Spanish Hot Properties

0 CommentsWritten by adminFiled Under: Spanish Property Market

Related Reading:

Recommended Reading

Spanish property – To buy or not to buy

0 CommentsWritten by adminFiled Under: Spanish Property Market

Related Reading:

Recommended Reading

Repossessed Spanish Property: Holiday Home Buyer and Investors Dream

0 CommentsWritten by adminFiled Under: Spanish Property Market

Related Reading:

Recommended Reading

Why You Should Invest in Spanish Property

0 CommentsWritten by adminFiled Under: Spanish Property Market

Related Reading:

Recommended Reading

Spanish Property in Nerja Overview from Spanish Hot Properties July 2009

0 CommentsWritten by adminFiled Under: Spanish Property Market

Related Reading:

Recommended Reading

Categories

Sponsored Links

Meta

Meta

FREE Property Advertising

Widget Footer #4