Sunday, 17 August 2014

Concrete Jungle The Place I love

Torrevieja
The town of Torrevieja is a short drive from our house.  The small city dates back to 1802 and is named after the old watch tower (Torre = tower and Vieja = old).  I have heard a number, and read a lot more, comments on how awful the place is and how crime-ridden by people who have not been there in recent years (if at all).  So large cities with high rise are not my kind of place but to my surprise I find I like many parts of this particular city. 

The buildings are, in the main, not that tall.  In fact smaller than other large tourist towns I know well in the northern Costa Blanca such as Calpe, Denia, Javea and of course, Benidorm (which I don’t know well as one visit was enough!).  The place is truly international with influences from as far apart as Italy and the Caribbean, with one of the most diverse populations in Spain.  In 2014 the population is recorded as 108.063 of which around 47,000 are Spanish and the rest a wide mix from across the globe.  Native English speakers make up about 11%-12% of the total population, which is pretty much in line with the overall percentage in Spain and lower than some other coastal towns. To give you some idea of how the town has expanded the current population is around four times larger than in 1990 and twice that of 2000.
The town’s blue flag beaches, long promenade, fishing port, yacht club and harbour make up the sea front.  Much of the tourist area of town has undergone an up-date with new pedestrianised areas, new theatre, new out of town concert venue, new tourist information office and much more.  The narrow streets are packed with individual shops and bars run by the Spanish, not ex-pats, with residential apartments above, many to only five storeys.  The town has somehow maintained its identity whilst catering for international visitors which swell its number to 500,000 in high season.
So is it crime ridden?  In the past the police force was over-stretched due to the very rapid expansion of the town, which stopped when the property boom ceased.  These days they seem much more on top of things and crime rates are comparable to other medium sized sea-side resorts.  As with resorts, cities and busy market places around the world there are pick-pockets and other opportunistic criminals taking advantage of the relaxed holiday makers.  But this is the same the world over.  If you take care of your belongings you will be ok.  As for comments I have read about ‘bars on windows’ I can’t help but laugh.  Window and door grills are, and have been for longer than the tourists have been coming, part of the way Spanish properties are built.  The sudden increase in eastern Europeans living in Spain a few years ago but unable to work in Spain caused a problem as they had to steal to eat but their numbers have declined as they have realised they can do better in other countries where they can find work or claim benefits.  In recent times the fact that there is no long-term benefit help to the unemployed has left some individuals desperate and feeling they have no option but to resort to crime to feed their families has become a challenge, but overall crime rates are not something to fret about.  Since the town made it illegal to buy from the ‘looky-looky’ men with their fake goods touted on blankets along the sea front they have almost disappeared.  Do I feel safe walking around Torrevieja?  Yes.  Do I feel safe walking around London?  No.
Perhaps one of our favourite pass-times when we go to Torrevieja is to visit Valors and enjoy their chocolate y churros, on the opposite side of the road to the square by the church of the Inmaculata Conception.  The original church, like much of the town, was destroyed by a major earthquake in 1829 and the current church was built in 1844 using the stones from the original watch tower (Torre) in the foundations.  If you have children then the fun fair and Park of Nations are a must.  Or if you prefer more cultural surroundings then have a coffee in the Casino (which is not a casino but a restaurant and art gallery and social centre).  If you are there for the right week in August then you can experience the Habaneras Festival which has been run annually in the city for over 40 years.  This is a music festival and competition where the music is a fusion of Cuban and Spanish.
Torrevieja grew from the salt industry, still a major employer, producing half a million tons of salt a year.  There are two lakes, Laguna Salada de la Mata and Laguna Salada de Torrevieja, but they are more commonly known as the blue lake and the pink lake.  The Parque National surrounds the blue (La Mata) lake while the pink lake is a hive of industry.  The lakes, together with the Mar Menor to the south and the Santa Pola salt lakes to the north, create a unique micro climate, one the World Health Organisation lists as one of the healthiest in the world; particularly good for those who suffer with joint or respiratory problems.  Combined with the warm average winter temperatures (higher than the Costa del Sol and several degrees warmer than north Costa Blanca) of over 10 degrees (usually upper teens in the day)

Saturday, 9 August 2014

Sunday, 3 August 2014

Villa / Detached in Campoamor

  3 Bed 3 Bath
Villa / Detached in Campoamor
   Ref: 3948
  Type: Villa / Detached
  Area: Costa Blanca South
Town: Campoamor
Beds: 3
Baths: 3
Pool: Yes
Price: €168,000
Description:  3 BED, 3 BATH NEW BUILD VILLAS ALARM SYSTEM (FLOODING AND FIRE) INCLUDED HOME AUTOMATION FOR SHUTTERS UNDER FLOOR HEATING IN BATHROOMS SOLAR PANELS FURNISHED KITCHEN
 
 








































http://www.spanishdreamproperty.com/index.php?action=listingview&listingID=63720

Villa / Detached in Jalon Valley

Ref: NCBA1333
Type: Villa / Detached
Area: Costa Blanca North
Town: Jalon Valley
Beds: 3
Baths: 3
Pool: Yes
Price: €360,000
3 Bed 3 Bath
Villa / Detached in Jalon Valley
Description: A 3 bedroom, 3 bathroom detached villa located on an 8,000m² plot close to the attractive village of Lliber. The property is situated at the end of a long private driveway and the main house has accommodation on three levels. The ground floor consists of a large lounge area with a picture window overlooking the swimming pool and terrace, kitchen and utility room. Stairs lead up from the lounge area to the first floor with a main bedroom and bathroom with large corner bath. The second floor consists of another bedroom. In the grounds there are two separate buildings, each consisting of a bedroom and bathroom. The house is designed to conserve energy and is in immaculate condition throughout. The grounds are very private and there are two covered areas for further seating and an outside kitchen. A well provided the property with its own water . There is a secluded swimming pool and two ornamental ponds. The views over the Jalon Valley are superb.

Tuesday, 13 May 2014

A nine year high

Foreign purchases of Spanish properties highest in nine years

Apr 21, 2014 | 0 Comment(s)


Foreign investment in Spain’s housing market in 2013 was the highest for nine years, at €6.45 billion (US$8.95 billion), up 16% on the previous year, according to the Bank of Spain.  
 
British nationals were the biggest buyers with 15.1% of total foreign residential property purchases.  The French bought 9.84%, the Russians 8.58%, and Belgians with 7.26%. 
 
Foreign investment helped the rate of house-price falls slow to 7.8% last year, compared to a price decline of 15.1% in 2102.  Spanish home prices are now declining by only 4.1% per annum.  But sales of new housing units fell by 37.4% year-on-year to February, according to the National Institute of Statistics. 
 
Spain, Europe’s fifth-largest economy, has witnessed a drop of up to 40% in home prices since 2007. Due to restricted credit, withdrawal of tax benefits, and rising unemployment, it is becoming increasingly difficult for locals to buy properties. 
 
Half of all households in Spain have some sort of debt, the average debt being €42,900. Young families are especially burdened:  81% of young families, i.e., where the main bread earner is under 35 years old, have property-related debts. About 584,000 dwellings are vacant in Spain, waiting to be sold.
 
While domestic buyers are bearing the brunt of the slowdown, the Spanish government is promoting inward foreign investment. Spain started issuing residency permits to non-EU nationals in February, in return for real estate investments of €500,000 ($670,000)
 
 Global Property Guide Apr 21, 2014
 
 







Market Analysis - Spain
Time series for residential property
 
 

 

 

Tuesday, 22 April 2014

Penthouse in Alicante

Property Of the week
 
 
 
2 Bed 2 Bath
Penthouse in Alicante
 
Ref: VRE 1173
Type: Penthouse
Area: Costa Blanca South
Town: Alicante
Beds: 2
Baths: 2
Pool: No
Price: €390,000
 
Description: This Unbelievable Luxurious Modern Two Bedroom Penthouse Apartment in Alicante is located 2nd line sea front, with the most outstanding views across the coast and beautiful blue sea. Situated within a minutes reach of any amenities or facility you require, also having of course direct access to the beaches directly in front. This extremely spacious property of approx. 130m2 comprises of an open plan truly ultra modern fully fitted kitchen with a feature island in the middle; desirable lounge/dining room with wide glass curtains and electrical sun awnings across the whole living area, bosting those panoramic views; two double bedrooms, both with en suite shower rooms and the master being over 25m2. This property was reformed in 2008 and has been equipped with the highest standard of products and finishes!
 
 
 


Friday, 28 February 2014

DETACHED FINCA A LOVELY COUNTRY HOME


3 Bed 1 Bath
Country Property in LOS URRUTIAS

Ref: SDP1866
Type: Country Property
Area: Costa Calida / Murcia
Town: Los Urrutias
Beds: 3
Baths: 1
Pool: Yes
Price: €165,000

Description: 3 BEDROOM DETACHED FINCA A LOVELY COUNTRY HOME LOCATED JUST A 10 MINUTE WALK FROM THE BEACHES OF THE MAR MENOR This typically Spanish finca offers the best of both worlds, being close to the coast and a selection of bars and restaurants yet also providing lovely views of the countryside. • Private swimming pool • Electric gates, off road parking plus double garage • Summer house and outside WC/ large garden with built in BBQ • Hot/cold air conditioning fitted plus log burner • Sold furnished and equipped          http://spanishdreamproperty.co.uk/index.php?action=listingview&listingID=58179

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
                       http://www.spanishdreamproperty.com/index.php?action=listingview&listingID=55461 


                                                        www.spanishdreamproperty.com

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.

www.spanishdreamproperty.com

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.

www.spanishdreamproperty.com

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.


www.spanishdreamproperty.com

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.


www.spanishdreamproperty.com

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.


www.spanishdreamproperty.com

 

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.


www.spanishdreamproperty.com

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.


www.spanishdreamproperty.com

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.


www.spanishdreamproperty.com

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.


www.spanishdreamproprty.com

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!


www.house-by-the-pool.com

www.spanishdreamproperty.com