We consistently get asked questions by clients and many of those questions we get over and over again. So once more it’s time to answer some of your questions and also some of the questions we see regularly on social media especially in Facebook groups where they get answered by “Experts*” and yes we have a footnote for that.
Summer has arrived in Valencia with the accompanying heat both of the weather and the property market. The hot weather, well, the truth is we expect it in Spain but maybe not when it’s this hot. Equally, the market we often describe as hot in the summer but maybe not this hot. Even though banks are starting to raise interest rates bit by bit to try and make more money from the current situation in the market, they have just announced record quarterly profits too, buyers are still buying and many are still quite happy to apply for a mortgage even though interest rates are 1% higher than a month or so ago. So in this post we are going to look at the heat of the market and the weather and how to keep cool in both of them.
Many years ago, back in the dim and distant past of 2017, in the before days, I wrote an article on this blog about the fact that we are not “lucky” to be living in Valencia or Spain but we have planned it and it’s all part of Lifestyle Design, you can read it here. Today I want to expand a little on that blog post and emphasise what a good decision coming to Valencia was and still coming to Valencia can be for you. Let’s call today the year 2AC (After Covid) And yes I know Covid is still around and causing major misery to people all around the World so maybe better to call it 2SC (Since Covid) In 2SC the consequences of the Pandemic and mad decisions made in 2016 are coming home to roost around the World but today we are going to compare Valencia with two places that made especially mad decisions in 2016, the UK and the USA.
I got riled by Facebook this week. I know, I know, I should just avoid it like an increasing number of people are doing but I couldn’t let it lie this time.
Apparently, according to people in Facebook groups at least, you cannot go to see properties in Valencia at the weekend because, and I quote, “all agents are a bunch of workshy cowboys who don’t do anything to justify the commission payments they receive on making sales”. And as you know people in Facebook groups are reasonable people with considered opinions who are not know-alls at all and know everything about everything despite never having worked in any of the industries they opine on so it must be true right?
We have been asked to provide more information about what utilities are common when you buy Valencia Property and what the costs are typically of those utilities. Typically you will buy a house or apartment in Valencia which is supplied with water, electricity and perhaps gas. You may also include in the list of utilities internet, telephone and even home security so in this post we are going to look at those costs too because even if they are not supplied you may want to know more about the costs involved in those. Equally we also look into the change of ownership and the council taxes. In other words, yes, this will be a boring but necessary post.
Here at Valencia Property we have been working with clients for over twenty years now helping people with buying their properties. It’s because of this that it pains us to see what can happen to people when they are looking to buy in Valencia so we thought today we would tell you a few things that are happening in the background so that you can avoid the worst problems. Of course we will always tell you to use our services but we cannot advise you not to use others’ services. Some agents are really good, some are ok and some are absolute cowboys. Today, we will talk about some of them, the cowboys of course, and also about the scammers that we featured in our latest podcast which you can listen to here.
One of the main questions we get asked by clients looking to buy Valencia Property is why they need to open a Spanish bank account. Spanish banks aren’t known for being easy to deal with and they are certainly going to charge you commissions for just about everything you want to do, and for the mere fact of the existence of the account, so why on Earth would anyone want one. In today’s post we are going to let you know why and what to expect.
Last year we wrote that the Valencia Property market had gone mad, you can read it here. (We got a content warning from Facebook that the post was discriminatory, go figure) Now we need to write that it has gone ever more mad, madder perhaps or “completamente loco”? The first two months of the year were the busiest we have ever experienced (In 22 years of doing this) and things are continuing that way so far in March 2022 despite…(Looks around and waves an arm in the air)… the World… so we are going to let you into a few secrets about the Valencia Property market as it stands so you can get ready for what is happening when you visit.
Those of you who listen to the podcast will have heard about the timelines you need for buying Valencia Property back in episode one (You can get it here and while there listen to our other episodes and subscribe). However, we know that there are some people who prefer reading to listening and therefore today we are going into a deep dive about the timelines you should be thinking about when looking to buy property in Valencia. Now this is an overview and for some people the timeline will change but as a general rule of thumb these are the stages and actions you should be thinking about.
Normally you get articles on Mondays but today is a Tuesday post because it was my birthday yesterday and I decided to do no work. Now the truth is that December will mean not doing anything on many days because that is what happens in December in Spain. In this post we will tell you about the latest news from Valencia in terms of property, mortgages and inevitably, and unfortunately, Covid, news about holidays this month and our Golden Visa Property of the week too. We will also talk about illegality. Enjoy.
With the move towards townhouses and towns and villages outside the city, whether caused by the pandemic or otherwise, we have been asked many times what is it like to live in a Valencian village or town. Today therefore we thought we would take a look at the aspects that make up a Valencian town.
Civic pride is a big thing with Valencian towns and villages and any local council that doesn’t work on the physical aspects of a town, and even more importantly the fiestas, will have little chance of being re-elected when the next turn at the urns comes. There are many common themes that we can see in what makes a town so let’s look at them in turn.
It’s not my bag and it’s not my style but a question posed this week by a client moving to Valencia in January piqued my interest. They are looking to move to Valencia and wanted to be in an area that you could class as “High End” Valencia, the question was “Where do the people with Ferraris live?”. So today we are going to list the areas where the people with Ferraris live so you can either aim to join them or totally avoid them because your requirements involve much more than living in an area where people wouldn’t give people like me the time of day ;-). (I’m sure the potential client was joking but if it gives me material for a blog post then I’m good with that.)
For years we have been pushing the claims of townhouses as alternatives to villas or apartments for living in and around Valencia. Not many people have agreed with us as apartments, especially those in the city, and villas have continued to make up well over 90% of our sales to buyers of property in Valencia.
Could this be changing though?
We are starting to see an uptick of interest in townhouses, especially those with back patios and terraces, and we are also seeing a greater desire to be in one of the villages or towns around Valencia with easy access into the city.
Here at Valencia Property we often get thanked for making our descriptions of houses entertaining. whether that be funny, interesting or just plain weird. We are also asked often why we do this. The simple answer to that is to stand out a bit from the normal “Here is a two bedroomed, one bathroom apartment on the third floor” vanilla boredom. When you write a lot of descriptions this can quickly become extremely boring.
This blog post was originally written on the Spanish Property Network but is so applicable now to what we are seeing in Valencia that I thought it was a good time to update it here. Location Independent Living in Valencia is a big thing now so to know more takeContinue reading
Brexit! There I’ve said it and for once (just this once though I promise) I didn’t swear. So now it’s time to take back control of your life. If you are one of the 48% (Let’s call this part the sane half of the UK population) you voted Remain. The stats sayContinue reading
London – A Place To Leave Valencia – A Place To Live £780,000 1 bedroom studio, 410 square feet, third floor walk up in the best part of Covent Garden… Pardon me I will just translate that ad into English should I? “How much! Rabbit hutch of 40m2, no lift,Continue reading
It’s time to put on the sarcasm font and start “complaining” about living in Spain. Lots of people complain about living in Spain, just look at any online forum, but let’s give them a platform for their complaints here should we as only forum owners and their invented six alter egos read forums these days. So for all of you out there who over the years have complained loudly, repeatedly and in the echoey chamber that is an internet forum let’s give you a voice. The 17 worst things about living in Spain:
When you are looking to come and live in Spain and maybe to buy a house for sale in Spain you are going to a different country (Obvious huh?) with different customs and different ways of doing things. Therefore there are some things that you will need to get used to. Spain will not change in the near future but you need to do so if you want to fit comfortably into your new home (the house and the area).
If you live in certain areas of Glasgow and are a middle aged male I would get out quickly. The latest report about life expectancy in the World shows that men in certain areas of Glasgow have a life expectancy of around 55 years old. Spain meanwhile has the highest life expectancy in Europe and even more importantly the highest healthy life expectancy.
As posted in the report and quoted in the Guardian
“They may be out of work and struggling with financial disaster, but the Spanish have the highest healthy life expectancy in Europe – and beat Australia, Canada, Norway and the USA as well.