For any number of reasons you may have a Spanish property that you are currently not occupying and you may want to rent it out short, medium or long term. However many properties remain empty when not being used by the owner as it may be impossible to get a licence for short term rentals, there remains the sad fact that some owners fear tenants who overstay their contracted time period or fail to pay the rent, or sometimes the owner just can’t be bothered with all of the potential problems and hassle that may come up with a rental when compared with leaving a house or apartment empty.
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.
About a year and a half ago we put up a post called the First Step to Buying Valencia Property. In it we included a form (You should fill it in by the way, I’ve included it below) where we asked for your must haves, would likes and definitely must not haves. I think it has been our most useful post ever on the site as it gets people thinking about what they really want when they are looking to buy property in Valencia and we get more of an idea of what people really want before they come over.
Since we published it, hundreds of people have filled in the form and therefore we have a lot of data regarding people’s requirements and we are able to present today an overview of what people are looking for when they look to buy a Valencia Property.
When you go to another country to live obviously you need to learn the lingo sooner or later, it’s better sooner so get onto it straight away. Having lived here in Valencia for years all of us here at Valencia Property speak Spanish fluently, some with more of an accent than others of course, and one of the things we understand more than anything is the lingo of the Valencia Property purchase.
Today, therefore we are going to help you to navigate your way around the language that you may hear when visiting Valencia Property. Owners and agents can be a bit mad and they will say all sorts of rubbish just to avoid an awkward silence or pause in the conversation. Suffice to say that you can basically prepare a bingo card to play along with as you visit properties with these sayings from owners and agents that you get to hear very often.
This week there wasn’t supposed to be a blog post. The writer of these posts, that’ll be me, Graham, was supposed to be away lapping up the cool, cloudy weather of Asturias in Northern Spain, eating too much, pouring cider from a great height and generally swithching off. However, despite what many people think Covid is still around and it’s back big time in Spain this week. It probably got brought back to my house last week from my wife’s school and Covid in its infinite wisdom decided to hit the whole family at once, meaning that we didn’t have to self isolate in a room at home at least.
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.
We have just produced the final episode of the first series of the Valencia Property podcast (You can listen to all the episodes here). We are not finishing with the Podcast we are just going to a new schedule as it has been majorly successful for us as a marketing tool and we love doing it as it gives us more of a connection with our clients. It’s amazing how many people listen to podcasts these days.
So today we are going to look back at what we have done so far on the podcast, tell you where to find those episodes, look at what the podcast has done for us as a company and look at the state of the property market through the lens of the properties we have sold this year, in terms of prices, availability, nationalities buying and a whole lot more.
This isn’t going to be an epic long post like some of our recent ones but it is quite important as it explains a concept that we have mentioned in passing before but as it is now becoming more the norm you should know more about it. We are talking here about the concept of the reserve payment to take something off the market while the owner considers an offer.
Traditionally the process of buying a Spanish property, which you can read more about at the link, was simple, make an offer, wait until it is accepted or negotiated and then put a deposit down in the Arras contract. Things have changed because of the market which is blowing really hot.
Today’s post looks at whether you are getting value for money when buying a property in Valencia. To decide this we must look at what we mean by the term value for money because it means different things to different people. What is the measure we are going to use? To determine this we are going to use four metrics.
1) Reference Values
2) Comparative Methods
3) Space and M2 Price
4) National and International Comparisons
Finally, we have arrived in Spring in Valencia and the sun is out and the temperatures have risen. It’s unusually late this year but we are now looking forward to a long warm spring and summer. Here at Valencia Property we are really busy as always and we start the week tomorrow (Because today, Monday, is yet another holiday in the city) with a day at the notary and afternoon visits to properties.
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.
The refrain we are constantly repeating on every call we receive asking us whether we have anything to rent is as follows:
“I’m sorry, we haven’t got anything”
Every day we receive calls, Whatsapps and mail asking us whether there are any flats for rental and we haven’t got anything. Now and again we get an apartment for rental and we are renting it out in days without a problem. As a potential Valencia Property buyer looking to acquire a property for rental this is good news of course as you have a large pool of potential tenants looking to move into your apartments.
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.
Valencia is a place that benefits from what the World has become over the last couple of years in general. It benefits because the basics for a good life are here with a more than reasonable climate (one of the best in the World according to many official sources), an excellent work life balance, an affordable place for people to move to from many more expensive areas of Europe and the World, a progressive outlook and from it being a comparatively safe place to settle in terms of personal safety and also safety from natural disasters, potential conflicts and more. Moreover it definitely benefits from homeworking and in this article we are going to explain why.
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.
If there’s one thing we have always had clear at Valencia Property it’s that we will not use photoshop to make photos look better. We will not show you a CGI render, we won’t add in details that aren’t there or put in an artist’s impression and we will not put a plan of the property up which then turns out to be what it could look like once you do a modernisation costing fifty thousand Euros. And this is especially important when you are looking at property remotely.
We often write in these blog posts about how good Valencia is in terms of lifestyle. We show you images of properties and areas that show Valencia “in the whole” and give you a broad overview of what awaits you in the city and around. On our social media channels we show you impressive views, great properties, Valencia Blues, the stunning countryside and news about what is happening in and around the city. We even once posted an epic image based post about 112 Reasons for Moving to Valencia. However today we are going to focus on some of those little things that make Valencia a satisfying place to live. Things that we often overlook but increase the liveability of the city. Take a look at 20 great little (and not so little) things about Valencia.