Wednesday, 25 January 2012

Day 10 10 Things you should never do when buying abroad.

Day 10

10 Things you should never do when buying abroad.

Never under - declare the purchase price. It was common practice on the continent and some locals consider it acceptable BUT don't be tempted - it is fraud and could land you behind bars
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Saturday, 21 January 2012

Day 9 10 Things you should never do when buying abroad.

Day 9
10 Things you should never do when buying abroad.

Never ignore the local taxation system. Get advice about your tax obligations and never assume things are done the same as in the country you live in, especially when it comes io inheritance issues.
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Tuesday, 17 January 2012

Day 7 10 Things you should never do when buying abroad.


Never confuse Abogado, eg lawyer, with a Notary. Easily done as Notaries are not part of the conveyancing process. In Spain the Abogado works for you and is there to protect your interests whereas the Notary is there to check the legality of the process. They are not able to advise.
 
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Monday, 16 January 2012

Day 6
10 Things you should never do when buying abroad.

Never buy off-plan without a bank guarantee. It's leagal requirement in many countries for off-plan developers to protect any deposits they receive with bank guarantees - insist on it.
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Saturday, 14 January 2012

Day 5 10 Things you should never do when buying abroad.

Day 5
10 Things you should never do when buying abroad.

Never sign a contract without having it checked. This is especially crucial when buying an off-plan property and during an inspection trips, when you may feel pressurised into signing something. A good lawyer will always be available by fax or email to check a contract.
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Friday, 13 January 2012

Day 4
10 Things you should never do when buying abroad

Never Believe a verbal promise will always appear in a contract. rental guarantees, in particular, are often promised verbally but strangely absent from the contract. ensure your contract is watertight.
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Thursday, 12 January 2012

Day 3 10 Things you should never do when buying abroad

Day 3
Never overstetch your finances. It's a dangerous strategy to rely solely on holiday rental income to pay your mortgage and bills. Always have funds in reserve.

10 Things you should never do when buying abroad.

Day 2
10 Things you should never do when buying abroad.

Never ignore the effect of the fluctuating exchange rate. Remember, the buying power off your pounds decreases or increases as the value of the euro fluctuates

Tuesday, 10 January 2012

Ten Things you should never do Day 1

Spanish Dream Property are members of AIPP we have Ten things you should NEVER do when buying Abroad.

Day 1
Never use an 'in house' lawyer employed by an agent or developer. It is vital to use a lawyer, but make sure the one you use is independent, not part of the same company as the agent or developer from whom you are buying.

Friday, 30 December 2011

3 Kings

Three Kings Parade 2012 in Torrevieja

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Three Kings Parade 2012 in Torrevieja
On 5th January 2012.
More than 500 people will participate in this spectacular Three Kings Parade that will end at Torrevieja’s City Hall.
Their Majesties, the Kings of the Orient, Gaspar, Melchior and Balthasar, will arrive at 17:30-hrs on January 5th to be greeted by hundreds of children before making their way through the streets of the City via the Old Man of the Sea Monument, Calle Ramón, Cajal and Zoa, along  Ramón Gallud, finishing at the main facade of the Church of Immaculate Conception, in front of Constitution

Monday, 26 December 2011

Assessment of distressed property markets compiled by website IPS

Assessment of distressed property markets compiled by website IPS

Many European property markets which have seen prices plummet in recent years could be good bets for overseas buyers but others should be left well alone, according to a new report from below market value specialists.
The United States, and Florida in particular, could be reaching the bottom of the market as prices are picking up in some areas. But IPS reckons it is a market only for experienced investors as prices vary so much depending on location.
Hungary is described as uncertain.
Greece is a high risk market at present even for experienced real estate investors, it points out.
Bulgaria, once the darling of overseas property investors has seen prices plummet in the capital, in the ski resorts and even on the coast where many British and Irish investors are trapped unable to sell.
It says that Portugal’s property market has been hit hard by the sovereign debt crisis.
Oversupply and the economy have put huge pressure on Spain’s property market, according to IPS. ‘It is now possible to buy a property below market value. If the banks are willing to lend then they must be confident this market has finally reached bottom in the more desirable coastal areas. Invest now if you want to grab a bargain in coastal areas. Properties are unlikely to get cheaper,’ says the report.

Friday, 29 July 2011

Paramount Theme park could open early

The future is looking brighter for investors, residents and visitors to the south east corner of Spain, after a statement issued by the regional government of Murcia indicated that the much anticipated Paramount Theme Park could be completed a year ahead of schedule and that work might begin within six months.
Some residents of places like Camposol and Polaris World resorts have faced many years of disappointment in their investment properties, however these investments may well soon prove fruitful. With the anticipated opening of the theme park  coinciding with the high speed AVE train between Madrid and Murcia, as well as the new regional airport at Corvera, located just 20 minutes from the development site of the park and with excellent link roads already starting to take shape, this area is about to explode onto the map of Spain.
Chris Mercer of Murcia-based agent Mercers commented, “The airport’s initial capacity for three million passengers a year, including many who currently use Alicante, was said to be key to securing the flagship project.
Murcia International Airport will also become the first airport in Spain to be crossed by a high-speed rail link (AVE) and the third, after Barcelona and Madrid, to have a rail link at all – further opening up domestic and international traffic to the Paramount Theme Park. Before long a European spotlight will fall on this area and our property sales to those keen to cash in on future lucrative rental opportunities are already rising.”
The main infrastructure of the theme park is estimated to cost around €300 million, with additional investment in the region of a billion euro expected for the building of hotels, shops and retail facilities, which will be completed in stages and be part funded by private enterprise.
The complex will be built on 108 acres of land of which 37 acres will be dedicated to the theme park itself. This theme park will become the biggest in Europe, attracting around five million visitors per year, 50% more than Spain’s current largest theme park, Porta Ventura.As previously reported by the Leader, the site will also have cinematographic studios, which will be the centre of all Paramount’s productions in Europe.
Theme parks are still very popular in Spain, although they are not without their own problems. Terra Mitica opened for the 2011 season with a new management team and a plan to turn around its previous financial difficulties, partly by selling land and creating a more compact and ‘family friendly’ facility. The Warner Brothers Park in Madrid is still as popular as ever, never failing to please the millions of people who have visited that attraction since the doors opened for the first time in 2002. There are also plans in place for expansion, which it is hoped will be completed by 2015.
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Saturday, 23 July 2011

Spanish Dream Property - Where Your Dream Matters

The summer holiday season is now well under way.  Those of you flying into Alicante airport will benefit from the new, larger terminal building which we found well facilitated.  If you are looking for a property with potential for rental income then Spain is a great place to invest as, according to all reports, not only is Spain still the most popular
Mediterranean destination for the British, the numbers of visitors this year has increased compared to last year.

If you are visiting the Costa Blanca (north or south) or the Mar Menor area of the Costa Calida and would like to spend a couple of days of your holiday viewing property just let us know what you are seeking and we can arrange for a consultant to be available.  We also have access to independent solicitors and mortgage advisers to assist in your purchase.

There has been a lot of press coverage about the proposed Paramount Theme Park to be built near Murcia city.  The proposed site is close to the new Murcia airport at Corvera, just south of Murcia City.  The airport should be fully operational for next summer, with the first flights planned for the autumn.  This is not the first time a date for the airport to be opened has been given, but this time they do seem to be making clear progress towards operational use.

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We have just started our very own Spanish Dream Property page on Facebook.  If you are on Facebook yourself please do have a look.  We will be developing it further in the coming weeks.  Please 'like' the page to keep in touch.
PROPERTIES OF THE MONTH

Our first property this month is a great apartment, located close to the proposed Paramount Theme Park and not too far from Corvera airport and Murcia City itself. 

  90%-100% mortgages available (subject to status).  2 bedrooms and ready to move into.  Communal pool, 18 hole golf course plus tennis, squash & basketball courts and a football pitch.  Just 20minutes drive to the nearest beach. 
72,500 euros

The second property is in Moraira, northern Costa Blanca

Detached villa with a private pool, 3 bedrooms, 2 bathrooms, garage and views towards the famous Calpe Rock.  Moraira town is a short drive away. 
335,000 euros

We have nearly 2000 properties on our web site at present, and many more we can access that are not listed.  The northern Costa Blanca covers a wide area with very differing locations so we only have list sample of what is available there.  Send us the criteria for your dream home in the sun and we will search for you.  Our services are free.  View property with no pressure with our trained consultants.
Call us now! 0843 289 6384 (Low rate call)

Monday, 18 July 2011

Are more Brits seeking property in Spain

Are more Brits seeking property in Spain?Article Date : 08 July 2011   There are signs that Brits are taking an interest in property in Spain, it has been reported.Figures released by the Overseas Guides Company (OGC) showed that the number of requests for its publication about buying real estate in the nation rose by 24 per cent between January and May this year, A Place in the Sun revealed.Speaking to the news provider, director of OGC Kim Brown said: "The country continues to appeal because of its high level of Brits already living there providing a settled community of expats, the weather, the lifestyle and the easy access from the UK."And there are currently some good deals to find on Spanish homes, with the nation's Central Bank commenting last month that prices may fall further.In an interview with The Olive Press, director general of economics, statistics and research at the financial institution Jose Luis Malo de Molina said that the high number of unsold properties is continuing to drag values down.

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Friday, 15 July 2011

P O W 3 Bed, 2 Bath Townhouse in Cabo Roig, Costa Blanca South

3 Bed, 2 Bath Townhouse in Cabo Roig, Costa Blanca South Ref: HE5380Type: TownhouseArea: Costa Blanca South Town: Cabo Roig Beds: 3 Baths: 2 Pool: Yes Price: €100,000 Description: This very spacious 3 bedroom, 2 bathroom townhouse is situated in Cabo Roig and is within a few minutes walk of all the local amenities, shops, restaurants, bars and beaches. The property comprises of off road parking, a covered entrance porch, a large lounge/diner, a kitchen, a shower room and a double bedroom, on the ground level. Upstairs there are two more double bedrooms, a family bathroom and a sun terrace.




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Sunday, 10 July 2011

Grab your self a bargin

Grab your self a bargin

Thousands of new homes unsold in Spain Article Date : 07 July 2011   Figures published by the Spanish government have revealed that at the end of 2010 there were almost 700,000 unsold new homes in the country, AFP reported on Expatica.com.According to the news provider, the public work, housing and transport ministry announced that this represented a drop of 0.08 per cent over the previous 12 months.In fact, new home sales in Spain increased by 5.9 per cent during 2010, the first rise following three years of declining transactions.The Spanish government estimates that the country will not be able to clear the majority of its unsold housing stock until 2014, the agency revealed.Meanwhile, A Place in the Sun reported figures from Catalunya Caixa Bank last week, which stated that 85 per cent of the homes contributing to the oversupply are located in holiday destinations.As a result of the glut, real estate in Spain can be purchased for 70 per cent less than its peak market value in some cases.
Grab yourself a bargin Spanish Dream Property has access to these Hot Properties from the banks
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