DECEMBER 2014 - THE BIG XMAS NEWS FROM CHERSUN
A BIG MERRY XMAS TO YOU AND YOUR FAMILY
We at Chersun would like to wish you and your family a Merry Xmas and a Happy New Year.
It has been an eventful year with record property sales,favourable exchange rates and an influx of new modern property developments.
It has been our aim to keep you informed and updated with the latest property news, developments and the ever changing property and tax legislation here in Spain .We hope that you have enjoyed our regular newsletters and property offers and we will continue to provide you with our professional views, tips and updates .
With Xmas and New Year approaching it is a time to relax,catch up with friends and family and enjoy the festivities.
We wish you a great festive period and I hope that you will enjoy this months latest news and views from Chersun.
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NEW ONLINE PROPERTY PLATFORM LAUNCHED
At a conference held in London on 1st December, the launch of the first online platform for facilitating cross-border real estate transactions in the EU was announced.
Supported by the European Land Registry Association (ELRA), and the Land Registries of the Netherlands, England, Wales, Portugal and Spain, El Mundo reported that this new tool has been developed by the Crobeco Project (Cross Border e-Conveyancing), with the aim of encouraging foreign real estate investment, specifically in southern Europe, and promoting real estate purchases by foreign buyers by introducing an alternative conveyancing process.
The Organisation explained in a statement, that the new online tool, called NetPRO, gives notaries access to resources which can resolve any legal queries they may have, while allowing for the individual rights and obligations of both buyer and seller to be governed by the laws of the country of the foreign buyer, thus making it easier for the buyer to use the services of a notary in their own country when buying in another EU country. Presently the focus is on English and Dutch buyers of properties in Spain and Portugal, although the Organisation points out that the systems used by NetPRO are generic and could easily be implemented by other EU countries
The project director, Wim Louwman, highlighted the importance of the project saying that it streamlines and increases legal certainty for real estate investment and favours the free exchange of information and documents, while at the same time respecting existing laws at national, regional and local levels.
TIPS ON HOW TO INCREASE RENTAL INCOME AND BOOKINGS
If you have a property in Spain or if you are looking to purchase a property to rent out here are the top tips to increase your rental income and the number of bookings.
Freshen up the property,a lick of paint and some new modern furniture will enhance the property. Keep it minmal renters do not want an overcrowded property.
Take new high definition photos as photos are what your potential renters are looking at before making a booking.
Make sure you have wi fi and international television, this is a must.
Use the most popular websites such as www.ownersdirect.co.uk, www.holidaylettings.co.uk and www.homeaway.co.uk to advertise your property.
A good idea is to leave an information pack containing places to visit, restaurant guide and any other information that your renters would find useful.
Include a couple of sets of golf clubs as this will save a family around 200 euros if they were to bring over their own clubs.
Have a safe to store valuable items.
Provide an Xbox or playstation to keep the children happy.
Finally ask your renters for feedback , give them a call once they have arrived back home and ask if they have had a great holiday,you will either get another booking or importantly you will get the feedback from them on how you can make your property more desirable for future renters.
GOOD NEWS FOR BRITISH BUYERS AND TOURISTS AS EURO HITS HIGHS
As the end of year comes closer, focus should fall into what 2015 might bring to the UK economy.
The pound has been suffering from a winter lasting more than 5 years but with the much-fabled green shoots of recovery now finally emerged ,next year Sterling may come into full bloom once again.
The Bank of England are lending weight to this theory, with at least two of the nine policy makers wanting to raise the interest rate from 0.5%, where it's been stuck since March 2009, to 0.75% in last month's committee meeting. A small but significant step towards certain sterling strength.
Chancellor George Osborne may not be everyone's cup of tea, but in the delivery of the Autumn Statement his prediction that the UK economy would grow by 3% this year, up from a previous forecast of 2.7% and see continued steady growth of around 2.4% in 2015 further lending support to the pound.
The New Year looks like it will bring some good news for those wanting to move funds into Spain with an exchange rate of 1.26 euros to a sterling pound, but gloom for anyone looking to sell euros and buy pounds, so don't wait for midnight and act now!
WHAT ARE COMMUNITY FEES AND WHO HAS TO PAY THEM?
Generally speaking, the Community of Co-Proprietors or Homeowners' Association is a legal entity comprised exclusively of the owners of the apartments in a building, or villas on an estate.
The purpose of the Community is to own and maintain the common elements of the building or estate in question, and each homeowner is obliged to participate in the expenses of the upkeep of the community areas and services on a prorated basis with the other owners. Usually, a homeowner's percentage of the costs is fixed by the size of the apartment, or plot, divided by the total area of all the apartments or plots.
A budget for the annual community expenses is presented at the annual general meeting of the homeowners, and they or their authorized representatives must approve the budget by majority vote of those present at the meeting. Expenses can vary substantially according to the services provided, and normally include salary and social security of the hall porter, common garden maintenance, lift maintenance, repairs to common elements, rubbish collection, water for watering community gardens, electricity for lighting communal areas, insurance, security, and administration fees. The President of the community must, by law, own a property within the complex itself and is chosen by way of vote by the co-owners. The President has no remuneration for this role.
A typical 2 bedroom apartment in a building or area with a swimming pool, and a small garden, could cost between €50 to €100 per month in community fees - but could go up to €400 or more per month in a high luxury building with a large community staff and many services.
In the case of an individual villa in an estate of villas, community fees are often less since the private gardens and exteriors of such properties are generally not maintained by the community, and the community fees are limited to road and roadside garden maintenance, basic common service maintenance, and security. Generally golf resort property community fees are more expensive as the resort would normally have 24 hour security. It is very important to check out what the community fees are before purchasing a property as you do not want a nasty surprise.
MORE HAPPY CLIENTS PRAISE CHERSUN
When you are in business the most important people are your clients .We at Chersun always listen to our clients needs and here is the feedback from happy clients who purchased this month with us.
We would just like to say from the moment we met Paul the whole process of purchasing our holiday home in Spain has been very smooth.Paul not just showed us the properties but also took the time out to show us the area as well,even suggesting some great restaurants.Unlike most estate agents it does not stop there
Paul helped us find a legal team,money exchange and has also helped us since purchasing- providing a real 5 star experience *****.If you want somewhere to start- then try Chersun as we are sure you will not need to look any further.
Tony and Karen Smith , Essex.
Having spent 5 years thinking about buying in Spain, and wasted time trawling endless websites and exhibition halls we finally we came across someone we believed we could rely upon.
Paul arranged to pick us up from the airport, arranged accommodation and drove us around to see a variety of areas and developments until we eventually found exactly what we were looking for. It was not what we had identified after 5 years searching, it was so much better.
Paul arranged exactly what needed to be done, and the order it needed to be done in, so that we could make the best use of our time.
If there is one piece of advice I'd pass on its find someone you trust, who has the local knowledge, the local contacts and get out here and have a look.
Thank You Paul, we would never have found the apartment on our own.
Mark and Rosemary Buckley , Blackburn, Lancs.
THIS MONTHS XMAS PROPERTY CRACKERS FROM CHERSUN
This is a small selection of our portfolio and if the above is not to your criteria please send us a message to firstname.lastname@example.org with your property wish list and budget and we will forward you a link to suitable properties.
We always listen to our clients so send your requirements through to us now.
Once again we wish you a Merry Xmas and a Happy New year and as always we are here to provide you with any information that you require about the Spanish property market whether you are looking to purchase a property or to sell your Spanish property.
We look forward to providing you regular property news and updates in 2015 and we wish you a healthy and prosperous 2015.
Paul R Cherry
UK Office No 0044 131 208 6373
Mobile No 0034 610914850