The Best Buyers Market in Years
Posted on 05/09/2008
Why buy on a bad exchange rate?
When the pound is down so far against the Euro
and buys over 20% less Euros than it did 2 or 3 years ago
Spanish Freehold Property prices are down around 40% from
those of 2 or 3 years ago
As Autumn approaches and the prime renting season finishes, more properties are coming onto the market
Vendors bringing money back into sterling are benefitting from the poor exchange rate and can afford to drop prices massively as, in reverse it works to advantage
Realistically Priced Properties are now Selling Well
We at 'Best Value Spain' only promote those properties
We locate especially for you according to your requirements and will only offer
properties that are 100% legal and negotiated to the very Best Prices
This is most definitely a buyer’s market - take advantage of it now
There has never been a better time to buy in Spain!
So what about borrowing money?
A few years ago lenders both here and in Spain had a very casual attitude to lending with scant regard to clients real ability to repay the loan which they fell over backwards to advance the buyers
Frankly this is one of the reasons the property market is in the state that it is
Basic borrowing criteria today in Spain is thus:-
40% cash deposit with P60 proving sufficient income to cover repayments
To be fair, there are exceptions to this rule particularly where the lending banks valuation of the property is greater than the selling price
We can effect a free financial assessment to determine your level of borrowing in Spain and in advance of your search for property
Today’s buyers fall into 2 main categories:
- the buyer who has cash and is in a very strong position
- the buyer who has taken the trouble to arrange their finances prior to viewing any property This enables clients to be in the same position as our cash buyers
What should I deduce from all this?
The fact is, property is still selling in Spain albeit at a much lower level than a few years ago
Well located property, priced correctly, is selling well. Really well
To take advantage of this unique buyers market in Spain we are able to lead you to the very Best Value properties available right now within your price range
If you would like us first of all to determine the amount you could borrow on mortgage, please call for a free financial assessment
This way you can be assured of locating the right property, in the right location at the right price to achieve your perfect Spanish home.
If not now - when? - There will never be a better time
Sell your Spanish property commission free!
Posted on 04/09/2008
NEW AUTUMN OFFER!
The property market in Spain very much reflects that in the UK currently and Spanish agents are not attracting enquiries from clients visiting their offices or making direct enquiries as in the past.
Our success in generating clients is achieved via our various web portals which attract interest from all over Europe and destinations where the current ‘credit crunch’ does not reach.
For this reason we are offering an alternative for you to consider:
We are willing to put your property onto our own website and also on all the web portals we use to promote our ‘Best Value’ properties worldwide.
These include RightMove, Kyero and ThinkSpain. Together these 3 portals represent the major coverage of Spanish freehold coastal properties.
We would suggest a 3 month period initially during which all enquiries would be passed directly onto you for you to proceed with.
Our charge for this service is £50 and no commissions of any sort would be due to us in the event of a sale.
We would need a good selection of photos ( the more the better) and a full description of the property – all of which is best received from you by e-mail.
Alternatively, our colleagues in the area of Spain where your property is located may value your property with a view to listing it.
If they take on your property, details will be sent to us and we will market the property as described above. Your property will then be exposed to any of their/our clients viewing in that price range and area.
The difference of course, is that when a sale results, commission would be due in the normal way – usually in the region of 5%.
Please let us know which method would suit you best and we can get the ‘wheels in motion’.
