JULY 2016 - ALL ABOUT THE BREXIT
Spanish Property News Post Brexit And It Is Good News.
A lot has happened since the 23rd June when the Brexit vote surprised many Spanish Estate Agents.
The majority of Spanish Estate Agents felt that the UK would remain in Brexit and that the euro would rise to over 1.35 to the pound and that we would see an increased buying boom for Spanish property.
I was in Holland on a business trip on the 24th June when I switched on the hotel room television and could not believe it when it was announced that the UK had voted to leave the EU. I automatically thought that we needed to change our marketing strategy to non UK buyers instantly as the UK market would flounder, I was fortunately wrong.
After only 3 weeks since the vote all is good and not as concerning as we thought as the property market is picking up and buyers are starting to think again about buying a property in the sun.
In this months newsletter we provide you with the latest spanish property news, buying tips and property offers.
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Good News After Brexit.
We are pleased to announce that the property market is now showing signs of recovery after the Brexit vote. We have concluded a number of sales over the last week and also arranged a number of viewing trips for potential buyers.
With the UK stockmarket showing an 11 month high and with the pound strengthening against the euro this has encouraged many to take advantage of the best property offers. If you are considering purchasing a property my advice is to act quick as I would expect prices to start to increase again and that the better located properties will be snapped up by the savvy buyers.
I confirm that Spain will always be popular with buyers due to the accessability, climate and the cheap cost of living and to view the latest property offers click www.chersun.com
More for your money in Spain.
The cost of living in Spain is cheaper than the UK and this is what attracts people to relocate to Spain for retirement. In retirement normally the income reduces however you can still have a great lifestyle in Spain as it is less expensive. Here are some examples of what you get for your money.
A small beer and tapa £ 1.20
3·course meal with wine £7
Town hall tax for a 2 bed apartment £130 for the year
Crusty baguette 3 for 70p
1 kg oranges 70p
1 litre of diesel 80p
This is a small example of the average cost of some items in Spain and this is why it will remain a favourite with the british as a location to consider to spend tthe longest holiday of your life.
Foreign Investors Buying Up Cartagena City Centre Property.
We have seen increased interest from foreign investors who have been purchasing property in the beautiful city of Cartagena, Murcia. With apartments starting from 35000 euros which will need renovation at a cost of approximately 25000 euros this is providing rental returns of 8%-10% per annum. We have a professional team of developers who will manage the projects all the way to completion.
The city of Cartagena has 4 universites, the 6th largest oil refinery in Spain and over 115 cruise ships visiting this year therefore the rental market is very strong. For more information about the different property projects click.
Are You Visiting the Costa Blanca and Costa Calida Soon ?
If you are visiting the area soon and would like to view some properties or if you would like to discuss the buying process face to face then do not hesitate to contact us. We will provide you with all the answers to your questions that you may have.
We have helped many professional people purchase a property in Spain and as you will see from our clients reviews you are guaranteed a first class service with ongoing advice and recommendations.
If you wish to meet up contact us now Chersun the informative estate agency.
Chersun Youtube Channel
If you wish to receive the lastest video tours of our newly listed properties then I recommend that you subscribe to the Chersun Youtube Channel You will be the first to view the most recent properties that have been advertised.
Top Property Picks For July
We have properties to suit all budgets and criteria and if you can provide us with your wish list we will forward you our recommendations.
If you require more information about the spanish property market or have any queries about buying or selling your property do not hesitate to contact us at Chersun your informative spanish estate agency.