The minister for the economy in Spain, Luis de Guindos, has caused a flutter in the market by insisting that banks need to provision more money and drop the prices on their repossessed properties to clear the stock. You will know what I think of most bank owned properties if you have read this post on their underhand tactics to gain clients with property at unrealistic prices but decent financing terms. However, the unintended (Or maybe even intended if I were to be a bit Machiavellian) consequence of his words has been that many properties on the market have been reduced in price this week.
I placed this article on a note on the Valencia Property Facebook page yesterday but a lot of people have been asking me about it so I thought it might be useful to place it into the blog and see what you think too. Yesterday I was sent some publicity by a bank and took a look. Some of the properties that they were advertising among their repossessed stock were interesting so I phoned up to get to look at one especially. My conversation went like this.
I was found today by a seller wanting to sell his Valencia attic flat and I am so glad he found me. He got in touch based on a search for agents selling attics in Valencia so it’s good to know that the page is working. So anyway I give you a totally modernised open plan attic apartment in Valencia. There are 78m2 of apartment and 55m2 of terrace. There is also the option to extend the apartment another 20m2 on the terrace and make a second bedroom, currently the apartment has one bedroom and bathroom.
You would think it would be simple to pay your tax on a purchase but sometimes this is not the case. Paying your 7%, or 4% on new builds, may sometimes involve rather complicated mathematics.
Once upon a time there was a growing property market in Spain with prices rising at 20% annually for a long [...]
Attics are my personal preference for living in a city in Spain. Luckily for me they are also the preference of my clients looking to buy in the City of Valencia in large part because what people are looking for when they are looking for a flat for sale in Valencia or any other Spanish city is outside space to complement the evident advantages of living on top of everything, the lack of need to have a car, having everything to hand when you need your milk and bread and the ability to get anywhere in the city within a short bus or metro ride.
Lliria town hall has just put out a new video promoting the town. They have missed a little trick by not having a subtitled version to attract expats but it gives a good vision of the town and you should take a look just to se the Roman ruins, the old fort, the museums and traditions of the town. 22 minutes in Spanish so get a coffee and sit back.
I was reminded this week about the potential for anyone already living in Spain or who has sold a property in Spain to be owed some money by officialdom.
I got a call from a gestor about one of my clients from three years ago. Could I come in and pick up the excess money from the provision of funds made when she sold the property in … 2009! I misheard the amount on the phone. I thought they had told me 50 euros. When I arrived at the gestoria I was given a cheque in the name of my client for 950 euros.
In 2011 we gave an iPad away to all people who bought a property from Valencia Property, except to those who already had one. Next year we have decided to change the offer. In view of the fact that Valencia now has its own Apple Store (On the corner of Calle Colón and Calle Lauria in the centre in case you didn’t know) you can now get there to get your own iPad and enjoy the experience of buying and using it. This year the change of offer involves three things.