Tag: Buying Property in Spain

GrahamValencia Property

Renting or Buying Property in Valencia?

After receiving a few enquiries about whether it’s better to rent or buy a property in Valencia I thought it time to put together a post comparing the two options in terms of costs and what your “get out position” is at the end. Obviously there are other considerations apart from monetary costs but we will focus here on the costs and then look at those other considerations at the end.

We are going to go with a similar property in both cases and look at five, ten and twenty year horizons. For the numbers we are going to use an example from last week where the client took on a mortgage at a fixed rate over 20 years.

GrahamValencia Property, Valencia property News

Update on Valencia’s Property Taxes

In April I wrote this article about Valencia’s Property Taxes. I thought you might like an update to the story as over the last few days I have been corresponding with three different potential Valencia Property buyers who are worried about their potential tax liability (they haven’t come through my company but they found the article and contacted for clarifications) We are now five months further down the line from the original post and the situation is a little clearer (Translation: It is still a mess).

GrahamHouses For Sale In Spain

10 Mad Reasons For Not Buying A Property In Spain

Over the years we have had a load of excuses for not buying a Spanish Property. Some of them are fair enough, some of them are rather strange and some of them are on the cusp of a deranged mind working overtime. I really don’t mind if somebody doesn’t want to buy a property, as long as they are honest. After all I try to be honest in the descriptions, my opinions and the properties we offer. But please don’t BS me. So here in no particular order are the top ten mad reasons for not going through with a purchase of a Spanish Property. Over the years we have heard all of them and no doubt we will hear more of them in time.

GrahamSpanish Property For Sale

How To Understand A Spanish Property Advert

Just like in English there is a totally unspoken language within property adverts in Spain. Where in English you need to read between the lines and understand that “bijou”, “compact” and “cozy” all mean “Oh my god never mind a cat you couldn’t even swing a hamster in here” Spanish Property Adverts have their own language and you need to understand it before making any decisions to view.

GrahamBuy a House in Spain, Houses For Sale In Spain

Good Preparation And Buying Property In Spain

A really difficult client arrived last week in Valencia to look at property. Now I don’t want you to get the impression I am complaining here because I mean difficult in a good way. How I hear you ask? Well, the client was ultra prepared for their visit and so therefore knew a lot more than the average client about Valencia and the process of buying properties. This created a small problem, the lack of small talk in the car :-).

GrahamBuying Property in Spain, Houses For Sale In Spain

Who Should Buy Property in Spain?

I want my company, Valencia Property, to change the way that property is bought in Spain, with confidence in the purchase and with the property as incidental to the lifestyle. Properties should sell themselves really because the decision to move here has already been made. What’s the story though? You must come with the right attitude and for the right reasons. What are they and who should be thinking of buying property in Spain? Read on…

GrahamBuying Property in Spain, Houses For Sale In Spain

Who Is Buying Property in Spain at the Moment?

I just thought you might like to know who is buying property in Spain at the moment. The reason I wanted to do this is that I placed a comment in an article on the Daily Telegraph about Ireland. Everyone started having a downer on Spain and the other, so called PIIGS, so I thought I would defend the country a little by stating facts rather than opinions from internet warriors probably still living in their mum’s houses. 😉

GrahamBuying Property in Spain, Houses For Sale In Spain

The Law Of The Stupid. NIE Numbers in Spain

There are a lot of unsold houses for sale in Spain. You would think that the government would be trying to encourage sales to foreigners in every way they can in order to buy this surplus and maintain investment in Spain at higher levels than would otherwise be the case.

You would be wrong.

Spain has just introduced a change to the way that people apply for and get the NIE tax numbers which directly affects all foreigners coming into the country, wanting to invest here in the majority of cases.

GrahamBuy a House in Spain, Houses For Sale In Spain, Spanish Property For Sale

Buying Property in Spain – A Real Case Study

I have just been reading an extraordinary story. The only strange thing for me though is it puts figures to something that I already knew, ie in the vast majority of cases you should not buy property from banks.

Here is the question.

Two similar flats in the same block, same size and everything. One is available for sale for 110k and the other for 160k. One has just sold. Which one and why?

GrahamHouses For Sale In Spain, Lifestyle In Spain, Spanish Property For Sale, Valencia Property, Valencia Property for sale

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.

GrahamBuying Property in Spain, Houses For Sale In Spain

What to Do When You Cannot Buy A House For Sale In Spain

Currently bank lending is difficult. This was driven home to me this week on taking some Spanish clients to see a house in Cheste, you can see the house at the link video included. They love it. There are many reasons. It is cheap, it is well positioned, it has everything they want yet isn’t too big, and it is within their price range… in theory. However bank lending may preclude them from being able to buy it currently.

GrahamBuy a House in Spain, Houses For Sale In Spain, Lifestyle In Spain, Property Sales in Valencia, Valencia Property

Pool Time At Your House For Sale in Spain

There comes a time of the year when it is the right time to venture into the pool. This first excursion is always fraught with apprehension because your body will not be used to the temperature in the water and the pool will not have heated itself to the required levels to avoid the initial shock at least. However, it is a must do because when living in Spain, if you have a pool then you must use it, why else would you have it?