FEBRUARY 2014 - SUN STARTING TO SHINE ON SPANISH PROPERTY MARKET

SUN STARTING TO SHINE ON SPANISH PROPERTY MARKET

The start of the year has seen a record number of purchase transactions by many European, Russian and Chinese buyers. We have seen sales increase by over 400% compared to January 2013 and with the atrocious weather in Northern Europe we have also seen a dramatic increase in enquiries from potential buyers.With accessibility to Spain very easy buyers are taking advantage of the reduced prices. With the Spanish Banks also starting to lend to developers we have seen numerous new projects released particularly along the Costa Blanca coast which have attracted buyers due to the locations and the new modern style designs being offered. Overall we are looking forward to a busy year listening to what the buyers are wanting and providing them a choice of properties that suit their requirements. As a member firm of the Association of International Property Professionals you can download our complimentary guide to buying overseas property safely by clicking below.

CLICK HERE

We have for you the latest property news below for and do not hesitate to contact us at sales@chersun.com if you require more information or have any queries about the property market here in the Costa Blanca-Costa Calida.

Enjoy

Regards Paul Cherry

Managing Director

www.chersun.com

paul@chersun.com

Mobile 0034 610914850

 

RIGHTMOVE PROPERTY PORTAL CONFIRMS THAT SPAIN IS TOP DESTINATION FOR BUYERS

Spain looks set to rise to number one on the list of top destinations to invest in for British people looking to purchase property, a new report has stated. While Spain has consistently sat in the top three along with France and Italy in recent years, it has most commonly sat in second place behind Britons' neighbour across the Channel. However, this is all set to change in the year ahead, with the number of searches for properties in Spain far exceeding the other two, and demand for second homes looking like it is about to see a surge therein. The Rightmove report shows that the volume of searches for properties in the Iberian nation now far exceed those for any other country on Rightmove Overseas, while the company also said that there has been a significant rise in the number of people who said that Spain was their preferred destination for spending their money on a home. Of those looking to put their money into this market, just over half said they were doing so to get themselves a holiday home. This demographic will need to look out for new rules set to come in across the next year in Spain though, which could see them unable to let out their homes unless they are licensed. On top of this sort of investment, another third said they were looking to emigrate to the sunnier climes of Spain, while 13 per cent are looking specifically for an investment and the potential capital gains associated with this. Spain has been one of the nations where foreign investors have increasingly turned to since the eurozone problems struck it down in the past five years. Low demand from Spanish residents meant that prices dropped by as much as 40 per cent from their peaks, while the flailing euro allowed buyers with dollars and pounds to get more for their money than they had been in recent times.

 

SPANISH RENTAL MARKET TO BECOME REGULATED

Investors who have put their money into continental holiday homes will be hoping a proposed new law in Spain does not come to pass. It is believed, according to new reports, that authorities in the Iberian nation are looking to bring in a regulatory change that would see it become illegal to let out properties on a private basis. While British investors would still be able to buy and sell for capital gains without a licence - which is about to become a whole lot more of an attractive prospect, following the news that the economy in Spain is starting to pick up pace and prices are recovering - it would take away a revenue stream from them unless they follow licensing laws. Unregulated rentals of holiday homes are a big reason for many people buying in nations like France, Italy and Spain, because they can see a large income throughout the year, and particularly during the holiday season. But the government wants to enact a change that would mean holidaymakers are not allowed to privately rent villas and other properties, instead having to book through one of the bigger travel operators or regulated landlords who are operating privately. It is thought that moves are afoot to try to push the law change through for next spring, meaning that people will need to carefully consider whether or not they want to invest their money in the property market in Spain. The Olive Press reports that there are currently more than a million homes in Spain that are owned by British investors. It said that while there are many that are inhabited year-round by expatriates who have made the move from Britain, there are still a large number of holiday homes, which could number in the hundreds of thousands. It would mean needing to pay for a licence in order to keep income levels up for British investors, although it is not yet known how much this would cost. Changes would make letting properties in the nation a little more complicated as well, as Brits would need to be contactable 24 hours a day to deal with issues , as well as having regular safety checks throughout the year to make sure their home is kept to a high standard. The safety aspect is very important as this will ensure that all properties meet a stringent safety check which is currently not compulsory in Spain unlike the UK holiday rental properties..

 

WHY CHOOSE A CURRENCY BROKER WHEN TRANSFERRING MONEY BETWEEN THE UK AND SPAIN

You may not think too much about the currency rates when coming over to Spain on holiday however we advise you that you should use a specialised currency broker such as www.moneycorp.com . You can gain a little extra spending money by benefiting from a better exchange rate than you are likely to receive from your bank or airport currency converter. It is even more important to use Moneycorp if you are buying a property and you are transferring a substantial amount as this can literally save you 1000s of euros in the exchange from pounds to euros. Once an account has been set up you can buy all types of currency when required and you will be guaranteed the best rate available at that time. With the current rate of 1.20 euros to 1 pound this has made it even cheaper to buy property in Spain. As for people selling property in Spain and needing to transfer the euros back to sterling beware as the majority of Spanish Banks will charge you up to 1% of the amount being deposited into your Spanish account from the sale proceeds,For example a 100,000 euros bankers draft will cost you 1000 euros to pay it into your account. If you have an account with Moneycorp they have an arrangement with the Spanish bank Cajamurcia and no charges will be applied. For more information about Moneycorp currency brokers and their services contact alan.lawrence@moneycorp.com

 

CHERSUN YOUTUBE VIDEO CHANNEL TOPS 53,000 VIEWS

Our clients and prospective buyers love a video, our property video tours give you a better insight to a property than photographs. We like to show you exactly what the property has to offer internally and externally and this has proved popular with viewers. The videos will provide you with a bit more information in addition to photographs. To subscribe to the Chersun Properties YouTube Channel go tohttp://www.youtube.com/user/ChersunPropertiesSL

 

THIS MONTHS BEST BUYS ON THE COAST

Are you looking to purchase a beach property ? Here are this months best buys within walking distance to the award winning beaches of the Costa Blanca.

TWO BED APARTMENTS FROM 109,950€

200M TO THE BEACH-APARTMENTS FROM 138,000€

FROM 149950€ 3 BEDROOM VILLAS

FRONTLINE TO SEA FROM 169950€

3 BED VILLAS FROM 209950€

3 BEDROOM TOWNHOUSES FROM 182000 EUROS

SEA VIEW VILLAS FROM 399950€

PRIME LOCATION 8 BED VILLA 1.8 MILLION EUROS

 

INVESTMENT OPPORTUNITY AT THE STUNNING LAS COLINAS GOLF AND BEACH RESORT

We have for you a choice of frontline golf plots for sale from 233,000 Euros on the most exclusive golf resort in the Costa Blanca, Spain. Las Colinas Golf And Beach Resort Voted in Europe's top 100 golf courses and home to a host of International sports stars and celebrities.

http://www.youtube.com/watch?v=xZ14pPX-nB0

You have the option of purchasing a plot and designing your own individual villa with the assistance of the award winning architects . Alternatively you can arrange your own in house team to construct your dream property on this stunning golf and beach resort. For more information contact us now at sales@chersun.com

HELPING YOU WITH ALL THE INFORMATION THAT YOU REQUIRE ABOUT THE SPANISH PROPERY MARKET, WHETHER BUYING OR SELLING.

We are here to help and assist you with all the questions that you may have about buying or selling Spanish property , It can be a bit of a minefield but with the help of Chersun we will provide you with the answers to your questions. With a reputation for providing our clients with a professional and friendly service you will be guaranteed a quick and straight forward answer to your quieries If you are interested in either buying or selling property send us a quick email now to sales@chersun.com with your contact details

WWW.CHERSUN.COM

TEL: 0131 208 6373

MOBILE 0034 610914850

E MAILSALES@CHERSUN.COM