Friday, 31 January 2014

Property of the week

Ref: SDP1831
Type: Villa / Detached
Area: Costa Calida / Murcia
Town: Santiago De La Ribera
Beds: 2
Baths: 1
Pool: Yes
Price: €169,950
Description: 2 & 3 BEDROOM DETACHED VILLAS 500m FROM THE BEACH 2 bed from 169,950 euros 3 bed from 197,950 euros The contemporary 2 & 3 bedroom villas have been thoughfully designed to provide the perfect individual private contemporary living space. Just a few minutes stroll to the promenades of Santiago and Lo Pagan with its Spanish tapas bars, restaurants and beach bars. • Private pool with large terrace area • Glass to ceiling sliding patio doors • Enclosed garden & driveway • Convenient location for local amenities inc. bars & restaurants • Approx 10 minutes drive to Murcia airport


Monday, 27 January 2014

Ten good reasons for using a property finder 10

10. It is important that the property you buy is the right one for you. Having discussed your requirements and 'wish list' we can help prioritise those points, send a selection of property for consideration, listen to your feedback and refine the search criteria which leads to showing the right properties, in the right area at the right price for you.

Ten good reasons for using a property finder 9

Ten good reasons for using a property finder 9

9. We are not sales people and therefore you will not be chased by a sales person. Buying a property, especially in another country, should not be hurried. We are not interested in 'selling' you any property but in finding you your dream home in the sun.

Ten good reasons for using a property finder 8

Ten good reasons for using a property finder 8

8. We ourselves own property in the area in which we work. We have been through the process of buying ourselves so can empathise with your concerns and understand the purchase process from a buyers perspective.

Tuesday, 21 January 2014

Ten good reasons for using a property finder 7

Ten good reasons for using a property finder

7. We work in a relatively small geographic area; an area we know well. As a result we know the local market trends, have local knowledge and therefore search from an informed position.

Ten good reasons for using a property finder 6

Ten good reasons for using a property finder

6. Our service is actually free to our clients! When a property is chosen the estate agent with which it is listed pays us for our services to you out of their commission on completion.


Sunday, 19 January 2014

Ten good reasons for using a property finder 5

Ten good reasons for using a property finder
5 Because we work for the buyer and not the seller we are not bound, as an estate is bound, to get the best price for the seller. We are interesteTen good reasons for using a property finderd in getting the best price for you, the buyer.

Ten good reasons for using a property finder.4

Ten good reasons for using a property finder.
4 Once we are aware of your requirements we can alert you to any suitable properties new to the market. This is particularly important when you are about to visit Spain to view property.

Friday, 17 January 2014

Ten good reasons for using a property finder 3

Ten good reasons for using a property finder

3. We are not tied into working with just one estate agent so we can search through the properties listed with various reputable agents, some of those properties being listed on our own web site where our clients can also search should they wish to do so.

Tuesday, 14 January 2014

Ten good reasons for using a property finder.

2. We spend the time searching and providing a suggested short-list, thereby saving you time and money.

Monday, 13 January 2014

Independent advice 1

1. It is important to have independent advice at all stages of finding and purchasing a dream property. Estate Agents are effectively employed by a home owner to sell their property. A Property Finder doesn't work for the seller but works to find you, (the buyer), the best possible options for your preferences and budget.

Sunday, 12 January 2014

10 good reasons for using a property finder

All 10 reasons summarised: People are looking for a trustworthy professional who can find what they need, while saving time and money. We can also avoid the problems caused by the influx of new 'estate agents' that are trying to cash-in on the property crisis recovery. 

Thursday, 2 January 2014

Buying a property with rental potential: Part 2

                         The cost of renting out your property in Spain.


First we need to mention that as each region is autonomous there are different rules in some regions.  For instance, currently the Canaries, Balearics and Catalonia all require holiday lets to be licensed but most regions do not.  This may, however, change in the future.  So this is not a legal guide regarding renting but a general commentary and regional, local and community rules and laws need to be checked for specific properties.
As we have mentioned in an earlier blog, your relationship with your keyholder is an essential part of successful renting.  If they are not doing a professional job to the standard you require then sack them and find a better keyholder!  Keyholding costs are likely to be 300 to 400 euros per annum plus the cost of cleaning after each guest.

The first, and perhaps most obvious cost, is that of advertising.  In this day and age the vast majority of bookings will come from having and on-line presence.  You don’t need to spend hundreds of pounds on a fancy web site and then hundreds more on SEO work.  Use a couple of the big companies advertising holiday homes on line.  Decide which ones to use by making your own searches under ‘Spanish holiday lettings’ or ‘villas to rent in Spain’.  There are many small and free sites you can use too.  However the ones that are search engine optimised are the ones that get the visitors and so will get the bookings too.  These will also charge the most, say £250-£300 per year.  They are easy to use and relatively quick to set up.  Of course if you can also utilise free advertising on a work-place notice board, or similar, then do so.

Setting your rental rates is always tricky.  Be realistic about the rates you charge.  The best guide is to take the average rates of properties very similar in size, style and location to your own by checking out several web sites.  Ideally the amount of the twelve high season weeks’ rentals will need to total the same as your annual mortgage payments, but this is not always possible if you have a large mortgage or use the property yourself during the high season weeks.  The rest of the rentals should then cover the bills.  It is unlikely that your rentals will also cover your tax costs if you have a large mortgage.

 TAX!  It’s not a popular word.  Despite what many will tell you, including some fiscal representatives, you ARE liable for tax in Spain on your rentals.  The current rate is approx. 24% after allowable deductions such as mortgage interest, utilities, community fees etc, for the weeks that the property is let only.  You will also be liable for non-residents tax.  The Spanish tax year runs 1st January to 31st December.  You will also need to declare your income in the UK, but if you have paid your Spanish tax it’s unlikely you will need to pay UK tax as there is a double taxation agreement between the countries.

Insurance is another important area often overlooked.  Take out a specialist insurance policy with a UK company covering holiday lettings; and read the small-print!  Ensure you have good third party cover.  If you have a mortgage with a Spanish bank they may insist on contents and building cover being part of the deal but Spanish banks do not offer a comprehensive holiday let policy.  You need the policy in a language in which you are fluent too.

When you receive an enquiry via one of the websites, contact the people as soon as you can, preferably that day.  Remember you do not have to let your property to anyone you don’t like!  You may decide to refuse groups of people under 25 years old, or students, and we would recommend you do not accept parties where they are all under 18 years old. 

Once you are happy with your prospective client send a booking form.  On this set out the basics for your contract – the name and address of the booking client, names and addresses of all party members, the ages of those under 18, the arrival and departure dates and provisional times, the rental, the deposit, the date when the rental is due, any compulsory extras, (such as cleaning fee), and optional extras, (such as airport transfers).  You also need to have a cancellation policy.  Generally there is a deposit payable on booking to secure the dates, the balance of the rental plus the key deposit should be paid 8 weeks before the holiday.  The key deposit is returned to the guest within 14 days of the end of their stay, but this can be subject to damage deductions, which must be justifiable if made and with proof.  Regarding the contract itself, there are some good pro-former ones available from some of the larger advertising web sites that can be adapted for your own use.  A contract is essential, not optional.


If you have bought your holiday home for personal use rather than pure investment potential, then the most important factor is to enjoy your holiday home!