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Information and Links
Spanish Property for Sale
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Prices of properties are going up in Spain with sales also increasing, thanks to interest at home and overseas.
The price of homes increased by 0.6% in February, year on year, with average values at €1,233 per square metre, according to government statistics. Family homes enjoyed the greatest growth at 3.8%, year on year, with the average price standing at €1,007 per square metres, second-hand apartments are up 0.6% to €1,350 per square metres and new apartments rose by 0.3% to €1,619m2. Sales are soaring with 22.9% more properties changing hands compared to last year.
Interestingly much of the growth is coming from Spanish buyers which are up by 86%, year on year, although international buyers are dominating high-end sales. Sale prices can still be much lower than the asking price, although that gap is narrowing, figures show.
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The Telegraph recently featured underground homes in its property section including cave houses found on our website from rural Granada. You can read the full article here.
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With a strong pound (up 10% in a year) and a recovering economy many United Kingdom buyers approaching retirement are heading back to Spain in ever increasing numbers as a recent survey has demonstrated. The survey from MGM advantage is shown in a table below (from the Daily Telegraph) and backs up Nigel Salmons view that Spain remains the firm favourite for Holiday Home and Retirement buyers from all across Europe.
Top ten retirement destinations
Source: MGM Advantage
Girasol Homes have recently opened their first Spanish Office and have set award winning customer service as their goal as well as the superb new designer property section - available for clients to design with their in house specialists and their wide range of modern new properties.
The new office can be contacted locally at the La Fuente Commerial Centre, Villamartin.
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The Time's Matthew Parris has recently bought a Cave House in Granada
For the largest selection of Cave Homes click here
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Joy Stanley one of the top performing Specialist Property Finders with the leading Spanish Experts Girasol Homes was featured with her latest clients John and Mandy Hayes in the leading newspaper, the Daily Telegraph, who have recently secured their dream property via Joy in the Pinoso area of Spain.
She joins a record number of clients who are enjoying the very best service, and the very best property finding, expertise and after sales service.
Girasol Homes Specialist New Division is also launching some top new homes for sale in the Pinoso area from Monday - these are from 232000 and are of a revolutionary new design for the area. These properties are to be found here
The Telegraph article is here
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Girasol Homes (The Spanish Property Finders) are busy finishing off their first office which will be located in the La Fuente Commercial Centre in Villamartin.
This office will showcase all the top properties in the area including the widest selection of property for sale in Villamartin, it will also cement the companies position as the #1 Property Finder specialising in property for sale in Spain.
In addition to this - the companies new Speciality, modern designer homes will be available at this office and a team of specialists will be on hand to find your dream, modern and brand new property.
If you would like to attend the opening please let Girasol Homes know as soon as possible.
For over 400 properties for sale in Villamartin follow this link.
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Raving about cave houses on A Place In The Sun
The spotlight falls on iconic Spanish cave houses in this week’s edition of A Place In The Sun.
Property specialists from the popular TV show help two friends find their ideal property for sale in the Granada area of southern Spain, famous for its white cave houses, mountains and the world heritage site of the Alhambra palace in Granada city itself.
With the help of local expert Sean Lummis, award-winning Spanish Property finder Girasol Homes’ man in Granada, the show features two stunning traditional cave houses in the picturesque rural Andalusian countryside.
One property is amazing value at just €45,000 with three double bedrooms on the outskirts of a pretty Spanish village of Galera. The home has far-reaching views over the countryside towards the mountains.
The second property is part-cave part-townhouse in the peaceful village of Caniles. This three-bedroom property with plunge pool has lovely views and is on the market for just €48,000.
Sean Lummis of Girasol Homes said: "Cave houses are appealing for many reasons – they have a curious charm and each one has its own unique character. They are remarkably cheap compared to more modern homes and are often on the outskirts of villages, so you can enjoy the peace and quiet of the beautiful Spanish countryside and mountains.
"Cave houses are very environmentally-friendly. Because they are carved out of the rock, they keep the same temperature throughout the year, more or less. They are cool in summer and warm in winter.
The cave houses in the Granada region feature in A Place In The Sun: Winter Sun on Tuesday January 14, 2.10pm, on Channel 4.
Girasol Homes have over 17,000 live properties for sale in Spain on their website which is updated in real time. Their staff speak Spanish, Dutch, German, French, Russian and Hungarian.
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Mariano Rajoy has said that the Spanish Recession is now over and is cautiously optimistic about the prospects for 2014 and beyond.
In his final speech of 2013 he said that "if 2012 was the year of adjustments and 2013 has been the year of reforms, 2014 will be the year of the start of economic recovery in our country".
He also praised the Spanish people "for their understanding, their common sense, their courage and their responsibility in tacking the last part of this stage which has been so harsh, so long and so difficult"
In terms of how the Spanish Economy and People were perceived he said
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The Pound has just breached the 1.20 mark against the Euro in afternoon trading following notification that the European Central Bank have been discussing the possibility of negative deposit rates.
The British Economy is starting to see the signs of recovery and this is starting to show with a larger number of sales and enquiries from UK buyers.
1.20 Euros has been the catalyst for UK buyers to enter the market in even larger numbers and this will show through even in the months of November and December in terms of enquiries for property for sale in Spain and Portugal.
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Britain’s love affair with Buying a Property in Spain shows no signs of dropping off. Sunny Spain still holds the No 1 spot for British people looking for property for sale overseas.
Other Europeans are also clamouring to buy Spanish property with the country also coming out on top with Swedish buyers.
British buyers put Spain first, according to Google Analytics figures, with France in second place followed by the USA and Portugal. Spanish buyers also look for property in their home country first but, more surprisingly, Thailand and the USA come second and third respectively. The good currency exchange rate and Spanish climate has led to the Swedish market becoming more important with Swedes also putting Spain at the top of their overseas property wish list.
French property buyers look in their home country first while Spain takes second place.
Spanish property for sale is also finding favour with buyers from further afield. Spain is in second place with both Americans and Canadians looking for overseas properties. Other emerging markets are in China and Russia as the Spanish are actively encouraging holidaymakers and investors from these two important markets. Spain is third choice for both Russian and Chinese property buyers.
Most property seekers are heading for retirement or retired, figures also show. In 2013, 39% of buyers were aged 55 to 64 while 24% were 65 or over. One-quarter of buyers were aged between 45 and 54. This trend is expected to continue into 2014.
The UK market is still a very important sector with 70% of people searching for overseas property on Rightmove Overseas being from the United Kingdom. On this website, the No 1 overseas destination is France followed by Spain and the USA. Most property buyers are looking for a dream holiday home in the sun but emigration is also a key factor. Rightmove figures show that 51% of people buy an overseas property to use as a second home or holiday home while 36% are planning to make a permanent move or emigrate and just 13% buy as an investment.
Nigel Salmon, managing director of the professional property finding company Girasol Homes, said: "We have had a very busy few months showing clients around properties for sale in Spain from traditional villas to chic, modern, newly-designed homes. Spain continues to attract property buyers for a number of reasons – the sunny weather, stunning coastline and beaches, culture, cuisine, golf courses and sports facilities being just a few of them. The tempting property prices are a contributing factor too. Sales are up 25% on a year ago.
"While the British are still the No 1 clients, people from further afield are also falling in love with this fabulous country. We are also finding that newly-built, well-designed properties built with quality materials and stylish interiors are creating a lot of interest.”
Girasol Homes is a specialist property-finding company specializing in Property for sale in Spain, Portugal and the United States. It was founded by Nigel Salmon about seven years who has built up a team of local experts to help people find property for sale at the right price and the ideal location for them. The company has thousands of properties for sale for people looking for second homes, to relocate or as an investment.
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Drop in prices means now’s the best time to buy a property in Spain
Prices of property for sale in Spain fell by 12.8% in the first three months of 2013 compared to the same period in 2012.
This was the largest drop in all Eurozone countries where house prices dropped by 2.2% and the European Union which saw an average decrease of 1.4%, according to a statement by Eurostat.
The property crash means buyers can snap up property in Spain at bargain prices.
Nigel Salmon, managing director of Girasol Homes, commented:
"For those involved in property for sale in Spain we know that things have changed and many of the clients who were just looking two or three years ago have started buying in significant numbers.”
Property prices in Spain also fell 5.1% in the first quarter compared to the previous three months. The average decrease in the Eurozone was 1% and 0.6% in the whole of the EU.
Nigel Salmon added:
"This may be true for Spain as a whole but I know from experience in the Spanish property market, prices have settled down and firmed up in the past six months in the most popular areas such as Alicante, Murcia, Costa Blanca South and Mijas.”
Sales have shown significant demand for modern-style properties in Spain with enquiries being particularly high in areas such as the Alicante and Murcia regions for well designed Houses, Apartments and Villas.
With Spain recording the largest decline in property prices in the EU, there has never been a better time to buy a property for sale in Spain. Buyers are being tempted by the low prices and the Spanish property market is enjoying a revival. People who are a few years away from retirement are showing particular interest in buying a property in Spain. They are looking for a second home to move into when they retire as well as buying one or two-bed apartments to let out to provide an additional income.
Girasol Homes has experts to help you to find your dream home in Spain. They can assist with all transactions and negotiations to ensure that you find the right property for sale in Spain in the right location and at the right price.
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The tax on secondhand properties has risen by 2% to put it in line with the VAT on new homes in Spain.
The transfer tax, known as the Impuesto sobre Transmisiones Patrimoniales (ITP), on resale properties in some Spanish regions, including Valencia, Catalonia and Galicia, has gone up from 8% to 10%. The VAT on new builds across Spain increased from 4% to 10% at the beginning of the year.
The regional governments hope to raise much-needed taxes through the increase. Catalonia is forecasting that the ITP increase will bring in an extra €50 million this year while Valencia is hoping a further €30 million will be added to its funds.
Some sellers feel they may have to cut their asking prices in order to make sales. Those most affected are the banks which have a large stock of secondhand properties on their books. However, they also have greater flexibility to lower prices to offset the tax increase.
Investors under the age of 32 will pay a lower rate of tax, depending on their circumstances. This is expected to be between 5-7%.
The property market is picking up in many parts of Spain, including the popular areas of Alicante, Costa Blanca, Murcia and the Balearics, and many feel the 2% rise in ITP will have little or no effect. This is largely due to the fact that property prices are very low compared to many other European countries.
In fact, overseas buyers rose by 17% last year – the highest increase since 2004 – as Spanish property prices have taken a tumble in the past few years and there are many bargains to be snapped up. The Spanish Real Estate Market Index, called IMIE, shows that house prices in Spainhave fallen by about 30.4% from their peak levels in December 2007. A report by www.expatica.com argues that now is a great time to invest in Spanish property because of these bargain prices.
Although the English are still big investors in the Spanish property market, the Norwegians, Russians and Chinese are influential emerging markets too. A recent league table of who is buying property in Spain showed 4,390 sales to Norwegian buyers in 2012. The sunny weather and the strong Norwegian krone against the euro are two major attractions for buying property in Spain.
Nigel Salmon, managing director of Girasol Homes, felt that property for sale in Spain still represents good value for money, even when the 2% tax rise is taken into consideration.
"We have a wide range of properties on our books from a three-bedroom apartment in Valencia for just €30,000 to multi-million-euro villas. We feel many buyers and sellers will find a way of absorbing this 2% tax rise legally, either by cutting prices a little or paying the extra because they can afford to or because they know they are still getting a great price.
Property for sale in Spain still represents a great investment either as a second home, to rent out or to live in permanently.”
Girasol Homes is an independent professional property finding company which meets the needs of buyers and sellers looking for great properties, investments and unbeatable service
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From Nigel Salmon, MD Girasol Homes. : "The first three weeks have seen a record number of enquiries on properties in Spain on our website. In particular modern style and new builds are experiencing a surge in interest"
At Girasol Homes we have expanded our team in Spain with the addition of specialists in the Alicante and Murcia regions..more news to follow.
The most popular areas over the last few weeks have been the towns of Guardamar del Segura, La Marina Torrevieja and Torre de la Horadada. Follow the links to see some of the fantastic properties for sale in these towns.
The website is undergoing some essential maintenance and we are developing a new, simple to use, registration form. This is due for release in early April but in the meantime please help us to help you by informing us or your specific property requirements before you travel.
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Girasol Homes Spain News
Sales have continued their year on year increase with a 50% rise in transactions with Girasol Homes Spain and also an increase in the value of transactions done.
Modern style properties with ultra modern features have all contributed to huge international interest with clients from all across Belgium, France, Holland, Germany, Spain and the United Kingdom.
A quick link to the newest modern style properties can be found here
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Have a comment on Property Sale Transactions rise across Spain by over 15%?Be the first to comment!
Spain has overtaken France and the USA as the United Kingdoms favourite place to buy an overseas property, according to The Overseas Guides Company (OGC).
The firm reports that 22% of all enquiries that it received between April and June this year were for property in Spain, which represents a staggering 37.5% increase on the first quarter of 2012 when the country’s share of enquiries for the Company was just 16%.
Property in France pulled in the second highest share with 21%, followed by property in USA with 14%, each dropping just 1% compared to the first quarter.
This ties in with what we at Girasol Homes have seen with a massive surge in enquiries and sales for properties for sale in Spain in 2012, many more for properties for sale in Portugal and the United States as well.
The encouraging exchange rate versus a weakening Euro has led to many more viewing trips and Spanish Property Sales (Record July 2012) and is expected to continue through the Summer and Autumn.
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The Pound to Euro exchange rate reached a fresh three-and a-half year high today of 1.2607 as wary investors sought to cut their exposure to the struggling currency bloc.
The Euro was already suffering from yesterday’s European Central Bank rate cut which sent the Pound a cent higher on the day, and the single currency was dealt another blow this afternoon as a disappointing US Change in Non-farm Payrolls print caused a decline in risk appetite. June’s figure of 80,000 new jobs undershot analysts’ expectations of 100,000 which gave investors cause for concern that the world’s largest economy is faltering. Subsequently the Pound was able to grow by a further half cent to reach a high not seen since November 2008 as Sterling benefitted from defensive inflows from the Eurozone.
At Girasol Homes we have never been so busy as we are this year with sales to buyers all over Europe, USA and from the United Kingdom.
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A year ago your property would have cost you 10% more with the exchange rate and at least 10% more due to the tremendous value we now see in Spain and Portugal.
Property prices overseas are now heavily discounted and the GBP-EUR rate is 11% higher now than this time last year…… If you have been holding off then now may be a great time to take the plunge as you are saving both on property prices in Euros and of course the currency conversion.
The Sterling Euro rate had been down at 1.10 at the start of July 2011 and many people do not even take this into account during the early stages of buying a property overseas.
The key to a savvy property purchase is considering all the direct factors that may affect the cost and putting together a plan of action.
Currency exchange is one of the more volatile matters to address and there are many options available to you once you have agreed on a property to protect yourself from adverse market movements inclusive of a forward contract, stop loss order or a limit order.
Just imagine, if you bought a property for a certain price for example €120,000 and the currency market was at 1.20 it would initially cost you £100,000.
Should the market move against you and rates are at 1.16 by the time completion comes around suddenly the property is costing you £103,448.27 (An extra £3448.27!). Just think would you have agreed to pay more than £3000 more when you signed for your property – probably not.
Also that £3448.27 could be used to pay for your furniture or fees – Now you have to find the money from other sources.
Using a dedicated currency broker can actually save you thousands of Pounds both in terms of assisting you along every step of the way from getting over your deposit to paying for completion and from sending over money for building work to bringing back currency should you ever sell. A good currency broker will also get you a much better rate of exchange than your bank in a secure and efficient manner.
Here at Girasol Homes we have had experience of many currency brokers in the past both directly through our own transactions and indirectly through word of mouth from our clients and we have found that there is indeed one that stands out among the rest both in terms of their great exchange rates and knowledge of the markets and the speed and efficiency of their transfers when you do indeed need to get funds overseas on time.
If you do have a pending property purchase either with or without Girasol Homes or indeed if you will be looking to buy or sell overseas in the coming months then it is worth having a discussion with Daniel Wright at Foreign Currency Direct. You can explain your circumstances and he will be able to put together a plan of action with you as to how to combat what is an extremely volatile market.
You can email Daniel directly on email@example.com or call him directly 01494 787 462 please mention Girasol Homes and he will be more than happy to assist you and secure a great rate and give you specialist advice.
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The current black cloud brought on Spain by the Financial markets is having a positive effect in certain ways. The banks are being forced to lower some of their optimistic prices on their stock of properties in many cases and there are some very decent prices around in selected areas.
Coupled with the fact that if you do want to buy with a mortgage then in many cases to get a mortgage higher than 60% it is likely to be the bank route we will be offering you on your property search.
In the last few weeks we have sold various properties from various banks and because we are Spanish property finders first and foremost we have managed to get for our clients at bargain prices. The majority of the stuff from banks continues to be potentially overpriced, which may change, some of it is poorly located, but if as many clients do, if they work with us and trust our judgement they will get the right property and it may not be a bank repossession it may well be a well priced re sale property as there are many of these around.
As the bailout carries on, we expect the opportunity to grow. But heed this, the best properties in the best areas sell first and always at a premium compared to others, this does not change and many people are “snow blind” to values only and they should heed the fact that location is everything.
Discuss your needs with our expert property finders, this way you will get what you want, still at a super price but not located in a terrible area, poor position and a bad investment.
Don’t make the mistake people are making every week and becoming snow blind to price only, you may make a big financial mistake.
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The professional property finders Girasol Homes have decided to withdraw from Property Sales in Cyprus, poor local economic conditions and the difficult property market and partnerships have made the decision straightforward.
High levels of property sales in Spain and in other markets have reinforced the decision to concentrate on markets which are continuing to bounce back and with the majority of clients looking to buy in Spain, USA and Portugal it makes economic sense for the company to service it’s core markets.
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€530 Billion Euros Set To Boost The Eurozone Property Market And US Recovery Sign
This week 800 Euro zone banks tried to replicate Americas success in raising consumer confidence and brought €530 billion in the largest ECB liquidity operation of its kind.
To be clear this is not a Greek style bailout. This is a growth stimulus, which in theory should boost the property market as banks start lending again.
America initiated a similar scheme last year and since the start of 2012 America has:
Reduced unemployment by 250,000 people.
Consumer Borrowing is near a 10 year high.
The DOW Jones has breached the 13,000 mark for first time since 2008.
US property prices have risen by 4.3%.
US GDP has increased by 3%
New build property is up 9.9% when compared to the same period in 2011
These figures are in complete contrast to the storm of negative media in the UK and Europe which has sapped consumer confidence to the extent that potential buyers are tuning off and walking away from fantastic buying opportunities. Fortunately a lot of professional investors feel the recent surge in positive US data coupled with the boom in US property prices and the 5% drop in Gold is proof that the USA has “turned a corner”.
As the saying goes “when America sneezes the world catches a cold”.
We have personally noticed a change in client activity and the mind-set of the majority of international agents we work with. With the exception of international agents with strong exposure to American and Australian clients, most agents are experiencing a slow start to the year in terms of sales but are receiving an unprecedented level of enquiries. This is a key indication that huge numbers of cautious buyers are sitting on the fence or waiting for a chance to buy, most buyers normally fit into 2 groups.
The first group are cash buyers that sit on their hands and wait for the “dust to settle” that almost always have 1 of three common reasons not to buy today.
They think the Eurozone will collapse and they feel more comfortable leaving their money in a bank. In reality the collapse of the Eurozone would cause Financial Armageddon and the first thing to go in the UK would be the finance sector which would cause the banking system to fail. Think Northern Rock times 100. If you’re one of the many who feels this is a possibility ask yourself, would I rather leave my money in a bank which is not generating me any interest and wait for the banking system to collapse or should I buy a hugely reduced, tangible asset?
The majority of cash buyers waiting for the “right time” feel property prices will continue to fall whilst the Eurozone problem continue to dominate the media. On Wednesdays Mario Draghi, President of the European Central Bank (ECB) said that a “a major, major credit crunch” had been averted in Europe. This has and will continue to inspire confidence in the future of Europe, especially once the record breaking investment becomes available in the shape of loans and mortgages.
Furthermore if you are waiting for prices to fall in the areas most heavily affected by the economic downturn like Spain you have to ask yourself how much further can prices go? Can sellers reduce their property price even further? The answer is no as a lot of sellers have started taking their property’s off the market in response to buyers bullishly trying to negotiate on hugely reduced properties?
The governments cannot allow this to happen and have stepped in with the €530 billion to turn things around.
The third reason normally relates to seasoned investors whose appetite for risk goes up when the average person loses all confidence in the markets (these are the people that make the most money when the average person thinks everyone is losing money, the same people that brought oil and gold during the banking collapse. At a time when the media last told you the world was going to end these investors doubled and tripled their investment in the safest sectors in the world). They have seen exchange rates move by as much as 12% in their favour as property prices have decreased.
Since the banking grant was released on Wednesday our currency broker has experienced a surge in clients buying their currency on a forward contract. It’s been noticed that the clients buying are mostly seasoned investors who feel we are looking the bottom of the market.
The second group represent the majority of potential buyers that need a mortgage in order to buy. The €530 billion will take some time to circulate through the banking system in order for the average person to receive a mortgage. When mortgages do become available what do you think will happen? Do you think buyers will turn down the opportunity to buy half prices villa in the sun? I don’t think so.
If you are a cash buyer you wont get a better opportunity to buy than the one today! Professional investors and representative’s for companies from Scandinavia, Russia, China and America are already buying. Let us know how we can help.
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Following on from a very successful 2011 Girasol Homes would like to expand its partners network in 2012 across New Regions of Spain.
Looking to be the leading Spanish Property Finding company in 2012 we are looking for leading specialists in certain, well regarded and priced areas of Spain.
We have a tried and trusted and very successful system that works for our partner agencies across 22 locations in Spain and Portugal.
Now in our 6th year of operating we expect to have another tremendous year of sales and effective collaborations.
Girasol Homes are full AIPP Members.
Please contact us at firstname.lastname@example.org for a confidential discussion.
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Girasol Homes partners with Habitat for Humanity to help fund new homes across the globe
Habitat for Humanity
This year will see the overseas property finders, Girasol Homes team up with global housing charity, Habitat for Humanity, to provide funding for the building of new homes for impoverished communities across the globe.
Every time Girasol sells a property from any of their European and American markets, the company will donate part of its revenue generated to Habitat for Humanity, which will use the money to fund the building of a new home in Britain or beyond. Clients will be kept informed as to the progress of the projects which involve housing, training and other valuable schemes.
Girasol has been keen to partner with a charity for the start of the 2012 New Year, and with their overseas property roots and the owner’s childhood in third world countries they believe they are best-partnered with Habitat for Humanity, to deliver an innovative and constant funding scheme that works in tandem with the company’s successes.
Nigel Salmon, Managing Director of Girasol Homes, said, “Habitat for Humanity is a great charity for a company like Girasol Homes to partner with. My company understands property and we think that Girasol and our funding structure will work well with a charity that works to deliver projects with the aim to eliminate poverty housing and homelessness across the globe.”
He added, “Providing funding for new property allows Girasol and most importantly our clients to have a part in providing a permanent benefit to a less-fortunate community that will hopefully last for generations. I believe that Habitat for Humanity’s cause is noble and one that my company and I are proud to support.”
Founded by American self-made millionaire, Millard Fuller, Habitat for Humanity, has helped over 2.5 million people around the world to escape poverty housing and homelessness through a self-help model that sees locals empowered to solve their own housing issues.
With the growth and success of Girasol Homes it is hoped that the partnership with Habitat for Humanity will really help the charity tackle major homeless and housing problems across the globe in the near future.
For further information please contact Nigel Salmon on 01974 299055 or email email@example.com
Notes to Editors:
Girasol Homes and its sister brand Property Investor Supermarket is a full service property finding and broking agency offering properties for sale and rent in Spain, properties for sale and rent in Portugal; properties for sale in Turkey; properties for sale in Egypt, Italy, Caribbean, United States and investment properties in the UK and other European countries.
Now firmly established (we opened in 2006) we have built up an impressive array of benefits to the customers we service and our clients get access to the best properties dealt with by the right professionals in a huge area of operation. Girasol also looks after many estate agents, financial advisers and property professionals as a specialist property broker to their clients and staff.
At Girasol Homes our aim is straightforward:
“To offer the best quality properties, a professional approach, and an exceptional level of service”
Habitat for Humanity is an international charity that aims to break the cycle of poverty by eliminating poverty housing and homelessness. We believe that everyone, regardless of background, gender or belief, has a right to a safe, decent place to live. We champion that right and also take practical action, working with communities around the world to empower them to design and manage appropriate housing projects in their neighbourhood. Since 1976 we have helped over 2.5 million people.
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We have recently purchased an apartment in Spain which was advertised by Girasol Homes, Sven was the representative who we liaised with and who supported us throughout this process. This included arranging collection to and from the airport and solicitor etc and in providing suitable affordable accommodation for us to stay in during the viewing and purchasing process.
We would like to express our gratitude for his professional and supportive approach .we never felt pressurized when viewing the properties and Sven ensured that all the properties we viewed matched our requirements in terms of affordability location and other personal preferences.
We were both anxious about purchasing a property abroad safely as we had never done this before and we were very unsure of the process.
Sven was exceptionally helpful as he guided us throughout the process and he linked us to an excellent solicitor who was also extremely professional and very helpful ensuring the sale progressed, meeting the legal requirements within the allotted time frame.
After purchasing our apartment again Sven was invaluable in assisting us in buying white goods and furniture which we would not have been able to do as smoothly without his assistance and ongoing support.
We have absolutely no reservations at all in recommending your company and Sven’s services which have been exceptional being honest, unpressurised totally trustworthy and professional throughout.
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I would like to say thank you for finding me my home in Spain. Harvey Savage worked endlessly to find me just what I wanted he was so patient and nothing was too much trouble for him, he helped me every step of the way and I will always be grateful to him.
I would recommend Girasol Homes to anyone and Harvey is a great asset to your team out in Alicante
Thank you once Again
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Dear Nigel, I want to write a thank you note, we have bought an apartment in Entre Naranjos.
We have done this in response to an advertisement from you, directed by Sven, who knew of our desires and he has been searching for us. We therefore very much like to add our compliments on your site, especially to Sven.
He found and supported the decisive factor for our purchase, our thanks. It is the house of our dreams and we love it in Entre Naranjos,
Very briefly, our sincere compliments, and especially to Sven but also to the whole Girasol Homes who made this possible.
We would like to say to anyone who wants to buy a house in Spain go to Girasol Homes, you do not get disappointed.
Yours sincerely, Mr and Mrs Bos (Nehtherlands)
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One of the many new websites under construction at Girasol Homes is now live, specialising in Spanish Property Sales the new site at Spanish Property Store is already receiving traffic and new visitors.
Developed by Graham Hunt and Nigel Salmon this family of sites is intended to demonstrate to the Spanish Property Buyer the One Stop Shop Element of buying a Spanish Property through Girasol Homes.
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In contrast to the UK, where vendors are still in a state of denial, owners in Spain have finally began dropping their asking prices, according to new data from Idealista.com.
In total, 31% of vendors have dropped their prices with a disproportionate number coming from the cheaper end of the market.
According to Idealista, 134,107 sellers lowered their prices which is 69% more than last year and the sharpest change ever recorded by the portal.
The regions with the biggest number of falls were in Madrid (10.2pc), Zaragoza (9.7pc) and Barcelona (8.8pc).
Girasol has found that the most activity is happening in the Alicante and Murcia Regions.
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By September Girasol Homes will have a whole host of Specialist sites that will form part of the Girasol Homes family. One of these is the Specialist Spanish Repossessions website spanish repossessions.
This site will focus on how to buy a Spanish Repossession Property and list some of the benefits of doing so. This could include a Low Deposit Property with a high percentage mortgage which would save thousands of Euros on a large deposit plus mortgage type property. More will follow on this site.
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From the Wall Street Journal
MADRID—Spain will temporarily lower the rate of value-added tax levied on purchases of newly built housing as it looks to boost its moribund property market, part of a slew of new policies to help the economy and cut the government’s budget deficit.
At a press conference following an extraordinary cabinet meeting, Finance Minister Elena Salgado spelled out several measures, announced in recent days, to bring forward corporate-tax payments and reduce drug-procurement costs in the country’s state-run health service.
She also said the reduction in VAT on house buys—to 4% from 8%—will only be applied until the end of this year, and seeks to cut the large number of properties built in recent years that remain unsold. As Spanish property prices have tumbled since 2008, the number of transactions and employment in the sector have dropped significantly.
“This measure will help to generate economic activity,” Ms. Salgado said, adding that it should have a positive effect on government revenue, which she didn’t specify, through a significant increase in taxed transactions.
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From Moodies Report
SPAIN. Aeropuertos Españoles y Navegación Aérea (AENA), the country’s airport and air traffic control authority, posted a +6.4% year-on-year increase in passenger traffic in May to 17,883,637.
Madrid-Barajas Airport experienced a -1.7% decline to 4,213,488 but Barcelona El Prat Airport posted a +22.3% surge to 3,072,750.
All top ten airports, other than Madrid, posted year-on-year growth. Pallama de Mallorca was up +6.8%, Malaga +9.8% and Alicante +7.3%. Tenerife Sur was the fastest riser, up +22.1%.
For the first five months, passenger numbers across the AENA network rose by +8.5% to 75,001, 913.
Madrid-Barajas Airport experienced a +1.3% gain to 19,516,202, while Barcelona El Prat Airport posted a +20.0% increase to 12,639,500
All top ten airports posted year-on-year growth for the period.
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The Spanish housing market has been predicted to “bottom out” in the next year, providing an ideal environment for international property investment.
JP Morgan Chase said Spanish property will be available at bargain prices in the next 12 months, before starting to recover.
New rules that banks must adhere to by September, set down by the Spanish government, is expected to see lenders selling off their property assets to try and increase their capital.
Banks are also easing back on their lending criteria for distressed property in a bid to encourage investors, meaning borrowers can get up to 100% mortgages.
In a statement, JP added: “There is still some way to go, given the large overhang of land, further write downs to come and further de-gearing by property companies and banks.”
Copyright © Press Association 2011