It’s not only a big deal as suggested in this piece to get your Spanish NIE number to buy Valencia Property, you cannot buy a property without having one of course, but there are also plenty of other things you cannot do and it can be a really annoying andContinue reading
Tag: Buying Spanish property
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.
What Illegalities To Look Out For When Buying Your Spanish Property
When you are looking for a Spanish Property and it is a house as opposed to an apartment (Although we do have an example of a potentially illegal apartment, see number 5), there are certain things you need to bear in mind. Obviously your lawyer will look to see whether the property is illegal but you can save yourself some money by not even suggesting an obviously illegal property to your lawyer to look at.
What Property Would I Buy In Spain?
I am often asked by clients what type of property i would buy. Well the answer is very simple really, the one I live in!. However that is because it suits my lifestyle.
Lifestyle is the big issue. If my situation were different then I would have a different answer of course. Listen to the audio below as I explain the background to why I chose the property I did.
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 :-).
Buy a House in Spain, Buy your Spanish Villa, Buying Property in Spain, Houses For Sale In Spain, Is Spain Different, Lifestyle In Spain
If Not France Why Not Spain?
I really hate writing articles when an open goal is presented and it is like shooting fish in a barrel but the French government has just presented Spain with a historic opportunity.
What’s happened?
Well the Spanish government has started to try and encourage foreign investment by two measures:
Firstly, as a foreigner, if you buy a property this year then they have cut any potential capital gains tax in half. Secondly, and this one is under consideration at the moment, if you buy a property for more than 250,000 euros then you may well be granted automatic residency (a nod to the far East buyers and eastern Europe perhaps) Couple this with the prices having fallen by around 40% from peak and there is a great opportunity to pick up some excellent bargain property in Spain.
Why A Spanish Property Sells Quickly
Last week I had a situation that even surprised me. I try to get Valencia Property and properties in Spain that are extremely salable. Sometimes this means that the speed of the movement in the market can surprise even the quickest of clients.
On Sunday last week I went to take pictures of a property in Valencia. It was an apartment in Valencia that was large, with good views at a very decent price. The owner had placed it at 125000 Euros for an apartment with lift half way between the beach and the city centre in a nice area. (You can see it here) Now as you can see it is nothing to write home about in the aesthetic sense but it does the job and per square metre the price is good.
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.
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.
Your Home Comforts in Spain
Can you get your home comforts in Spain when you come here? Of course you can. However the further you get away from the coastal strip the more difficult it would be. There are a plethora of English produce shops along the coast in Spain supplying everything from PG Tips to Horlicks to the absolute anti Christ of foods, Marmite.
Estate Agents in Spain. A Dying Breed?
For many years the way to make a quick buck in Spain was to become and estate agent. So many people started in the estate agency business using a mobile phone, a diary and little else that at one stage there was 1 agent for every 200 people in Madrid for example. Remember that is 200 people not buyers. It includes babies, people in nursing homes, extended families etc… This was never sustainable of course when the crash came.
My particular experience of this is that around 13 or 14 of my ex clients became estate agents after purchasing through my company. Only one remains!
Tip Nº34 of Our 100 Tips For Moving to Spain: The Role of the Notary
A Third of the way Through Our 100 Tips for Moving To Spain.
We have now uploaded 33 of our 100 tips for moving to Spain and today we get to number 34. The Notary is the essential part of any Spanish property transaction. Essentially they do the following:
Swimming Pools in Spain
The latest of our 100 tips for moving to and living in Spain is now up on our Facebook page. Go to Valencia Property on Facebook to see it here.
This one talks about swimming pools in Spain and what you should be thinking about when you are buying a place with a swimming pool. Do you know how to look after it?
100 Tips For Moving To Spain: Number 18 Cost of Living
The latest in our 100 tips for coming to live and possibly work in Spain. Have you thought about the cost of living and what you need on a weekly or monthly basis in order to make sure you do not overspend. 100 tips for coming to live in Spain for you in small bite sized video format.
100 Tips For Coming To Spain: Number 16: Getting Around
Tip number 16 of our 100 tips for people thinking of moving to Spain. Getting around. Do you really need a car if you are living in a Spanish city and can you do without one if you are living outside?
100 Things To Think About When Buying A Property In Spain
Here it is then the start of our 100 tips for people buying property in Spain. Over the next few weeks and months even you will get 100 videos showing you what you should be thinking of when buying property in Spain. The tips are practical, logical, quirky, surprising and even controversial, just wait until you get to number 54 for example.
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90% Finance And Pay Nothing For 3 Years
Does that sound like a deal that may interest you? I have access to all of the properties available from one of the banks here in Valencia and that is the deal. The prices are set and the bank will finance up to 90% both to residents and non residents as long as the client appears to be a good one. You have to find 10% deposit and the costs only. Then you do not pay any mortgage at all for three years. Does it seem to good to be true?
Is 90% Sure Enough or What?
If you are looking for a bargain Spanish property and you make a visit should you ever believe the agent when he or she tells you to put a deposit down quickly because it might not be available tomorrow morning?
If you believe all the negative hype about Spain and Spanish property at the moment of course you would be stupid to reserve a property that you are not 100% sure about. However, what about 90% sure?
