We publish a lot of properties on our website of all styles, sizes, shapes and prices. We get offered a lot more which we don’t publish for a variety of reasons but mostly to do with price or location either being wrong or there not being demand for that type of property. However, we also have a lot of properties that are off market but, well, they are still on sale, sort of… a bit. This is why it is always better to message us with your requirements because you may like the properties we have on the site, after all they are the selection of the best current properties for sale, but we may also have something that suits you down to the ground but it may not be published by us and in this post we will tell you why.
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.
It has been a slow start to 2021 in Valencia. This always happens due to Kings Day on the 6th January (Epiphany) but this year it has seemed slower. We were due to have a signing today, 8th January, but it has been put off until next week as the bank sent the papers for the mortgage to the wrong notary (Spain happens) and then the regional government put in place new restrictions on movement including some towns completely shut down, see below, and then the weather decided to go really bad and maybe we will get some snow, Requena already has some!
For people coming into Spain from Northern Europe, the Gulf States and the USA buying a property in Valencia is a great way to find a good place to live at a decent price and still be able to afford a lifestyle when you get here.
What you pay for the house though is not your only cost. You also have taxes, costs, commissions and legal fees. We have written before about how it actually works out cheaper to buy a property in Valencia long term despite the upfront costs because the ongoing costs are low
New Year 2019 in Valencia of course and the search for your ideal property might well start now. The first week of the New Year has seen the usual uptick in activity and enquiries with many new clients starting their search for Valencia Property in 2019 and their requirements areContinue reading
We get asked a lot of questions about the buying process from our clients when they first come over to visit us and look for their own personal Valencia Property. One of the main questions is about time periods and the process of purchasing property in Valencia and the answerContinue reading
Anything in life requires timing, you get the timing right and you benefit massively, you get it wrong and maybe a great idea doesn’t come to fruition because its time has not yet arrived or you are slightly too late. Buying your Valencia Property comes into that category. The SpanishContinue reading
If you are buying a Valencia Property, or property anywhere in Spain really, and you are coming from outside the eurozone you want to make the best use of your money of course. You can save when you negotiate the price, by negotiating the furniture perhaps, by choosing the rightContinue reading
We have said before that we are not only estate agents, we spend most of our time as Valencia Property Finders for clients. This was brought into focus last week with a client who decided to use us for finding their property because they wanted to reduce the amount ofContinue reading
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).
This post originally appeared on the Spanish Property Network because we have had a major problem with this blog for about two weeks not being able to post anything. Well finally the blog is working again so here it is.
A couple of our clients decided to write down their reasons why they wanted to move to Valencia and they passed it onto me to put into the blog. I think it gives a very good overview of the thought process and reasons why a young couple, in this case from Eastern Europe, may want to come to live in a vibrant city like Valencia. Take a look. Take it away Piotr.