Posts tagged Buying property in Spain

Buying Spanish Property – The Top 5 Crucial Mistakes People Make

When you are thinking of buying Spanish property there are lots of considerations. The main ones should be location, price and quality of course but even after considering these top three considerations you still need to avoid making the basic mistakes that anyone can make if they are not advised correctly.

Buying Spanish Property – The Top 5 Crucial Mistakes People Make

When you are thinking of buying Spanish property there are lots of considerations. The main ones should be location, price and quality of course but even after considering these top three considerations you still need to avoid making the basic mistakes that anyone can make if they are not advised correctly.

But What About The Resale Value?

If the first thing you are doing when buying a property for sale in Spain is thinking about the possible resale value then you are approaching buying property in the wrong way. Currently there is little value in the market for flippers of property because of the costs of purchase in Spanish property. When you make your decision to buy a property you will be paying 7% tax plus commissions and costs so you have to make sure you get it right. It is because of this that we at Valencia Property do everything we can to make sure that you make the right choice by giving you the fullest information possible.

Which Property Would I Buy?

I was asked the question which of the properties on the site would you buy if you were moving at the moment? For me there is no competition and I will tell you where and why in a moment but first let's look at why people buy property. Everyone has a different motivation for buying a property in Spain or anywhere else for that matter. Mine are as follows. I have three kids one of whom is away at University but the other two are small and want outside space if at all possible. I need 4 bedrooms therefore but also I need an office space, living room and decent sized kitchen because I spend a lot of time there. I am not too bothered about off road parking and I would prefer to have outside space and a pool but without the hassles of looking after it.

My Thoughts On The Spanish Property Roadshow

Spain is trying to ofload the estimated 700,000 empty, completed properties, mostly on the coast, by taking a roadshow around Europe starting this week in the UK. They are trumpeting the price falls which seems a strange way to promote it.

Buying a Working Business in Spain

I have spent the last two days in Mallorca visiting friends and preparing a presentation for the Foro Luis Vives in Valencia on the 9th of March. Whilst there I stayed at the Finca Sant Blai near Campos and have to say it is an idyllic setting and for one lucky person or family it is also a great opportunity.

Spanish property, safe to buy?

SPANISH PROPERTY FOR SALE

SPANISH PROPERTY FOR SALE

So, Beatriz Corredor – the Spanish housing minister is appealing for British buyers to return to Spain!

Gosh!

And there are going to be changes to the planning laws to make buying property in Spain clearer for us poor, stupid foreigners.

Gosh, gosh – I am impressed!

Indeed, Beatriz is urging us Britons (according to the UK Telegraph) to: “Come here calmly, and trust in the system that we have and the transparency we provide.”

Oh dear…and it was all going so well, up until that point.

Of course, it is the ‘transparency’ bit that will make some of us ‘old hands’ laugh – and despair.  Transparency is one thing that is rare in Spain and is the cause of a good deal of the trouble with buying property in Spain safely.  Well – that and incompetent lawyers combined with endemic corruption.

Still, on one level, it is encouraging to see that the national government has finally recognised that the great British Spanish property buying public are important.  Indeed, it even looks as though the Spanish government believe that these same good people need protecting.

Wow!  The dots are clearly being joined up, at last – which is extraordinary news.

After all the Spanish have treated the foreign Spanish property buying public with utter contempt for years.  If you doubt the latter, just check out somewhere like Marbella (see Meltdown in Marbella) or any one of the multitude of property scandals that have been swamping the international media for years and years.  None of this seems to have percolated up to national government or, if it has, then it has been ignored in the belief that you can treat all foreign buyers like fools – all of the time.

Meanwhile, amazingly (as far as I can find out) there is not even a national government department dedicated to promoting Spain as somewhere in which to buy property – let alone one making sure that the ‘geese with the golden eggs” coming to Spain are protected!

Can you believe this – given the vital importance to the Spanish economy of the Spanish construction industry and income from foreigners?

Needless to say, there is the tourist department (obviously) but when I spoke to their London office last year they said they had nothing to do with promoting the sale of property in Spain and there was no department responsible for doing so.  Almost unbelievable…

Of course, I welcome any changes to the planning laws that make buying Spanish property safer.  After all, I have written a book on the subject (How to Move Safely to Spain) and even I weary of banging on about how Spain can be safe to buy in – but only if you approach the buying process with the opposite mentality (i.e. prima facie it is not!).

So, will the new planning laws make any difference?

I do not know the detail – so, I will have to get back to you once I know more (dreading the thought that it may only be ‘window-dressing’).

However, one thing is for sure and that is unless the national government actually makes sure any law passed is enforced - then any Spanish government reassurance will be worthless.  This point is well made by the well known campaigner Charles Svoboda who, in the same Telegraph article, trenchantly states that:  “The government in Madrid can give all the assurances it wants, but without it enforcing the laws nothing will ever change.”

Absolutely – just check out the Ley de Costas for a law that has not been enforced or has been enforced so erratically that no-one knows whether they are really safe, or not, buying property in Spain close to the sea.

What needs to be done?

Well, quite a lot – to put it mildly.

Certainly, amongst many other matters, I would recommend:

1.      A general amnesty to all but the most dreadful/dangerous existing illegal properties.
2.      Instant demolition of any property erected that was illegal after the amnesty.
3.      Compulsory use of a conveyancing lawyer by any non-Spanish national buying property in Spain.
4.      An extremely stringent duty of care imposed upon conveyancing lawyers with a fast, effective and cheap recourse for any negligence or conflicts of interest – backed by stingingly brutal sanctions.
5.      A duty of care imposed upon Notarios to ensure, in writing, that a foreign buyer understood exactly what he was buying and any legal implications and liabilities thereon – and a refusal to allow the signing of the deeds without the foreign buyer being represented by an independent lawyer.

I am curious as to what you think?

RELEVANT INFO:

Spanish housing minister appeals to British buyers to return.

10 key factors to buying Spanish property safely

Spanish property – another nail in the coffin

Spanish property – Rural a vitally important term

Urbanizado – a vital classification of land that you must know

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“I Am In No Hurry To Sell”

Possibly the worst words I can possibly hear from a seller of a property are those in this title. "I am in no hurry to sell". Not because this means that they will not sell to a shark circling trying to find properties at really low prices but simply because it means their expectations are unrealistic.

Dead Germans, Iffy Builders and Dodgy Agents

I was up in Montroy yesterday looking at a property and was invited to look at another that is for sale too. Now I have to say that the property was gorgeous, a log cabin but one of the proper ones not a shed. Three bedrooms, previously a show house so everything looking really nice and beautifully presented (If I get the listing you will see it here soon)

100 Tips For Moving To Spain Number 100 Use The Services of Valencia Property

http://www.houses-for-sale-in-spain.net and http://www.valencia-property.com bring you the top 100 tips for buying property in Spain. 100 Things you should be thinking about before buying property in Spain. This last tip is the most obvious really. If you want a really professional service when you come to Spain to buy a property then use the services of Valencia Property and Houses For Sale in Spain of course. The videos form just a pat of the huge background of knowledge and resources at your disposal if you are coming to Spain and bear in mind that with the network of good quality and most importantly reliable contacts we have in the rest of Spain you can be sure that you will receive the best attention possible.

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