This four bedroomed property was purchased by the current owners from us five years ago. They are now moving further south and they have decided it is time to sell. In the years in between they have done some serious work and this is one of those houses that you can just move into straight away. Have a look at the video and and get in touch with us to tell me what you think.
(By the way on some PC's the video might not work except in HD so try it both ways. If it doesn't work for you try this link)
The basics are four bedrooms, three in the main house and one in the guesthouse, two bathrooms, large open plan kitchen and living room, glassed in terrace with TV room, beautiful swimming pool area, 1400m2 plot and set just a couple of kilometres outside of the small town of Villamarchante where the metro arrives next year.
Showing posts with label BMV Property for sale in Spain. Show all posts
Showing posts with label BMV Property for sale in Spain. Show all posts
Monday, December 07, 2009
PR: 
LD: 
I: 
Rank: 
C: 
Thursday, October 15, 2009
What Happens When An Inheritance Goes Wrong
I have recently placed a property for sale in Spain on the website which just goes to show the folly that can happen when buying in a market that had overheated. The current owners inherited a tidy sum of money at the start of 2008 and bought a shack. They then added a double garage, swimming pool, renovated everything, put in a fantastic garden by buying already mature trees and landscaped everything using the pressed concrete method which looks really nice and for the price it should be.
Anyway the total cost after rounding up or down a bit is around 300k and the pool and garage are ever so slightly illegal, something they are trying to sort out right now. Remember this is a BMV Property for sale in Spain with an ultra modern solar system for light but it is still solar and not on mains.
They haven’t got a mortgage but they have got a problem. They have run out of money and there is a health issue. Therefore they want to sell. Meanwhile the bottom has fallen out of the market and when I went to see the property last week I gave them an estimated market value of 180k to which they should accept offers. They have intimated they will. Have a look at the photos and if you can handle the fact that a couple of the elements are ever so slightly illegal then think about whether this is a place that you may want to buy. It is on a plot of over 2000m2 comes fully furnished and of course is key ready as new.
Five minutes from the motor racing circuit at Cheste, ten from the airport and 15 from Valencia. Nice.
Check out the video too.
Sunday, March 29, 2009
Quality Houses for Sale in Spain Will Always Sell
And now is a great time to buy quality houses for sale in Spain because the offers available are excellent due to a combination of factors. Let's look at the facts.
1) Sterling's fall against the Euro coupled with high interest rates last year has placed a lot of British sellers into a position where they can accept, indeed in many cases need to accept, lower offer prices. An example would be that a property that somebody bought investing 200000 Pounds meant paying out between 290-300000 Euros. To recoup that 200000 Pounds the sale price could now be around 210-220000 Euros. Therefore look for properties for sale in Spain from British sellers who can take advantage of this currency gain as they are selling for far lower than residents of the Eurozone.
2) Interest rates have now fallen dramatically so if you buy a property in Spain then you can get a great deal on the mortgage, if you are a decent client. Also you can take on a current mortgage at a far lower interest rate than a new one and with fewer costs.
3) Buying at the bottom of the cycle is always the best guarantee but when will the bottom of the cycle arrive? Well in many areas it may have already done so. My personal opinion is that you allow some other buyer to wait for the absolute bottom of the cycle because if discounts are already factored in by British sellers using the currency advantage and they realise that to compete they must be keen on price then they are prices to sell very well. Other sellers may eventually drop their prices to compete but the best deals are from British sellers at the moment converting their Euros to Pounds.
4) The better the quality of the property as regards the house itself, the area, the economy etc... the less chance it has of staying on sale for a long time. If you are able to get a good property in a good area at a great price just jump on board now because when the excess number of properties in Spain gets mopped up there will only be the least attractive properties left.
So if you are sitting on the fence due to currency fluctuations, worries about the economy, the uncertainty of interest rates etc... then have a bit of confidence and you can get the best deal you will have seen in a long time. Below are some examples of current great deals because the prices are just exquisite, often below the price they were bought at some years ago and well below current market values. Prices range from 90000-240000 Euros and all are from British sellers and therefore you are guaranteed much lower prices than from Eurozone sellers.
Bijou Flat and Garage in Ruzafa
Huge Country House Inland Valencia with 5000m2 of Olive Trees
Stunning Third Floor Flat in Central Valencia
Country House for Just 90000 Euros
Lovely flat in Ruzafa, Valencia
1) Sterling's fall against the Euro coupled with high interest rates last year has placed a lot of British sellers into a position where they can accept, indeed in many cases need to accept, lower offer prices. An example would be that a property that somebody bought investing 200000 Pounds meant paying out between 290-300000 Euros. To recoup that 200000 Pounds the sale price could now be around 210-220000 Euros. Therefore look for properties for sale in Spain from British sellers who can take advantage of this currency gain as they are selling for far lower than residents of the Eurozone.
2) Interest rates have now fallen dramatically so if you buy a property in Spain then you can get a great deal on the mortgage, if you are a decent client. Also you can take on a current mortgage at a far lower interest rate than a new one and with fewer costs.
3) Buying at the bottom of the cycle is always the best guarantee but when will the bottom of the cycle arrive? Well in many areas it may have already done so. My personal opinion is that you allow some other buyer to wait for the absolute bottom of the cycle because if discounts are already factored in by British sellers using the currency advantage and they realise that to compete they must be keen on price then they are prices to sell very well. Other sellers may eventually drop their prices to compete but the best deals are from British sellers at the moment converting their Euros to Pounds.
4) The better the quality of the property as regards the house itself, the area, the economy etc... the less chance it has of staying on sale for a long time. If you are able to get a good property in a good area at a great price just jump on board now because when the excess number of properties in Spain gets mopped up there will only be the least attractive properties left.
So if you are sitting on the fence due to currency fluctuations, worries about the economy, the uncertainty of interest rates etc... then have a bit of confidence and you can get the best deal you will have seen in a long time. Below are some examples of current great deals because the prices are just exquisite, often below the price they were bought at some years ago and well below current market values. Prices range from 90000-240000 Euros and all are from British sellers and therefore you are guaranteed much lower prices than from Eurozone sellers.
Bijou Flat and Garage in Ruzafa
Huge Country House Inland Valencia with 5000m2 of Olive Trees
Stunning Third Floor Flat in Central Valencia
Country House for Just 90000 Euros
Lovely flat in Ruzafa, Valencia
Sunday, March 22, 2009
The New Website is Developing Well
Check it out at Houses for Sale in Spain So far a lot of content has been pulled from this blog and I have also added some excellent value properties on their own pages such as this apartment for sale in Valencia or this riverbed property in Valencia
There are houses in other areas of Spain and if you are a motivated seller get in touch and see if we can promote your property for you on there. The site is getting lots of good quality visitors and enquiries now.
There are houses in other areas of Spain and if you are a motivated seller get in touch and see if we can promote your property for you on there. The site is getting lots of good quality visitors and enquiries now.
Friday, February 27, 2009
Brilliant Views 180º in Olocau, Valencia
This property is excellently presented and this is one of two videos about it. Find the other on our YouTube site and find the property itself here on our homepage for Valencia Property.
Only 230k or nearest offer and you have yourself a really nice place overlooking the beautiful Turia River Valley. Houses for sale in Spain don't come any better viewswise.
Thursday, February 19, 2009
Banks, Interest Rates, Mortgages and House Sales
I am closely working with some banks at the moment renegotiating people's loans so that they get a respite from the payments which rocketed last year and stay that way until the next revision, 12 months after the last in Spain as Trackers don't exist.
All banks in Spain generally lend money at a rate above Euribor, the European base rate. Euribor today stood at 2.08% and traditionally here banks lend at around Euribor +1. However no banks are lending as i said in my last blogs, they have no money as interbank lending has collapsed due to the lack of confidence in the market. The only funds coming into the market are coming through government guarantees on bank securities they are selling abroad backed by mortgages. Can you see where this is going? In order to sell them they are having to offer around 5%. The other source of income is from depositors' cash which they can only attract at around 4-5%. Therefore all money they are borrowing they are getting at rates well above Euribor. thus they will not lend it at Euribor plus rates or if they do the plus is now +2% or more.
What does this mean? If you have a mortgage in Spain then make use of it, remember the mortgage stays on the property not with the person here. If you are selling a house make use of the property having a mortgage on it at a good rate because that is now a major selling point. Without that mortgage it is virtually inconceivable that you can sell to anyone other than a cash buyer because the banks will not give out new mortgages. The only downside, let's see if your bank will finance the buyer, even if they have excellent credit history and a lovely high income.
All banks in Spain generally lend money at a rate above Euribor, the European base rate. Euribor today stood at 2.08% and traditionally here banks lend at around Euribor +1. However no banks are lending as i said in my last blogs, they have no money as interbank lending has collapsed due to the lack of confidence in the market. The only funds coming into the market are coming through government guarantees on bank securities they are selling abroad backed by mortgages. Can you see where this is going? In order to sell them they are having to offer around 5%. The other source of income is from depositors' cash which they can only attract at around 4-5%. Therefore all money they are borrowing they are getting at rates well above Euribor. thus they will not lend it at Euribor plus rates or if they do the plus is now +2% or more.
What does this mean? If you have a mortgage in Spain then make use of it, remember the mortgage stays on the property not with the person here. If you are selling a house make use of the property having a mortgage on it at a good rate because that is now a major selling point. Without that mortgage it is virtually inconceivable that you can sell to anyone other than a cash buyer because the banks will not give out new mortgages. The only downside, let's see if your bank will finance the buyer, even if they have excellent credit history and a lovely high income.
Subscribe to:
Posts (Atom)
