OCTOBER 2016 - SPANISH PROPERTY OFFERS, TIPS & NEWS FROM CHERSUN

Latest Spanish Property News And Views From Chersun

Welcome to this months newletter from Chersun The Informative Spanish Estate Agents.

As always we like to keep you informed with the latest property news, offers and tips. With the autumn season starting we have seen an increase in viewing trips although the current exchange rate is making british buyers review their property criteria and budgets. However a positive aspect to the exchange rate is that some british sellers are reducing their asking prices as they benefit from the current rate when transferring the euros back into sterling.There are still some bargains on the market if you are looking to purchase a property now.

We hope that you enjoy this months newletter and if you are wishing to arrange a viewing trip or if you are looking to sell your property do not hesitate to contact us at enquiries@chersun.com

Best  regards

Paul Cherry

Managing Director

Mobile 0034 610914850

paul@chersun.com

 

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Spanish House Prices Continue to Rise.

After six years at the tail end of the Eurozone ranking of house price changes, Spain has now been above average for two years

Average Spanish house prices rose 3.8% year-on-year in Q2, compared to a Eurozone average of 2.9%, and EU average of 4%, show the latest figures from Eurostat, the EU statistics agency (based on official figures from each country).

Spain was far below average for most of the time between 2008 and 2014, whilst it struggled with a severe real estate crash that most other European countries avoided. Now in recovery mode Spanish house prices are rising above the Eurozone average, but without the vigour seen in other countries that also went through a crash, like Ireland.

Looking at the latest figures, how do Spanish house price changes compare to other European countries? Well, according to Eurostat (based on official sources in each country), house price rose the most in Hungary (+10.3%), Latvia (+10.3%), Austria (+9%), the UK (+8.8%), and Sweden (+8.7%). At the other end of the scale house prices fell 1.4% in Italy and 8.9% in Cyprus
 

Why You Should Consider Spanish Property As Part Of Your Investment Portfolio.

With the low deposit account rates most investors are receiving a very low return from their saving accounts. We are seeing more enquiries from investors wishing to purchasing property in the main cities for rental.We have summarised below several reasons why you should consider purchasing a property in the cities of Spain and renting it out on a long term basis.

•Main residence: There is a demand for professional needs in main cities such as Cartagena City , Murcia where there is a general lack of property for rental .
•With very cheap properties from 35,000 euros which need renovation there is very good long term return yields of approximately 10% per annum.
•Investment: Low price levels, optimal financing terms, good rental options with a high demand from spanish, along with expectations of a longer term price recovery after the end of the crisis, create a very attractive scenario.
•Diversification of portfolio for international investment groups with high income levels and strong economic capacity.

Video Of Cartagena Apartment Before And After Renovation

Cartagena Investment Property Portfolio

For more information about the investment opportunities contact us now enquiries@chersun.com

 

Top 5 Tips On How To Increase Rentals To Your Spanish Property

1 Have the property nicely furnished with good photographs as this is what prospective renters are viewing on the rental websites such as Owners Direct and Holiday Lettings.

2. Always have wi-fi and international television available.

3. Contact renters when they arrive back home after they have stayed at your property. This is enable you get feedback and also hopefully another booking.

4.Have a couple of sets of spare golf clubs as this may attract renters who are social golfers and do not want the cost of transporting their own golf clubs.

5.Finally the most important tip is to ensure that the property is spotlessly clean with fresh bed linen and towels. First impressions count.     

 

Another Chersun Client Happy With The Service And Advice We Provided.

Mike & Pauline Thomas ,Bolton, Lancashire

After a very quick and impulsive decision back in March 2016, we decided this was the year to take our dream a step further and start to look at owning a place in the sun.  So many people talked about the region of Murcia, we felt we had to visit and see it for ourselves.

We booked a week in the centre of Murcia for the 20th March and then bought tickets to the Place in the Sun event being held in Manchester on Sunday 13th March hoping that we could take our first step to arranging some viewing during our stay.  We collected lots of details from event stands and registered our details with a number of agents selling properties in Spain, we both felt very overwhelmed by the sales pressure, that was until we met Paul Cherry from Chersun - we knew immediately that he was the one to help make our dream come true.

After just a handful of viewings and within 2 days on location with Paul, our dream very quickly became reality and completion on our Penthouse Apartment in La Union, Murcia was done by 6th July 2016

A big thank you to Paul and his family at Chersun on making this happen.  Paul's knowledge of not only the area, but his contacts (Legal, Banking, Money Exchange & many others) made it all so smooth & simple.

We would not hesitate in recommending Chersun to anyone looking to purchase in Murcia, Spain.

CONTACT US NOW AT CHERSUN IF YOU ARE LOOKING FOR HELP IN FINDING YOUR PLACE IN THE SUN

 

THIS MONTHS TOP BUYS 

 

2 Bed Beach Terrace Villa,Los Alcazares 79950 Euros.

2 Bed Cartagena City Center Apartments 83000 Euros.

2 Bed Apartment Frontline Golf , La Torre Golf 89950 Euros

3 Bed Villas With Basement, Villamartin 232000 Euros

4 Bed Detached Country Villa 235000 Euros

6 Bed Detached Villa 10 Minutes From Murcia City 475000 Euros

9 Bed Detached Country Villa, Cartagena 699000 Euros.

3 Bed Modern Villas On The Award Winning Las Colinas Golf 785000 Euros

 

If the above properties do not meet your criteria please provide us with your property wish list and budget and we will forward you a list of our recommendations.

Contact us now

 

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