Spanish Property for Sale

Wednesday 23rd November 2016

4 top properties in spain for golden visa purposes

Spanish Investors Visa – Golden Visa

The Spanish government have an investors visa in place to enable non european citizens to buy, live and work in Spain. This is called the Spanish Investors Visa and is commonly called a Golden Visa.

The visa entitles the holder and their family (children under 18 years old or children over 18 who are medically dependant on their parents) to live and work in Spain from the day of the visa which will be issued within 15 working days from the day of signing for your property.

The visa is initially granted for 5 years with permanent residency being available after this period. There is no restrictions on how much time must be spent in Spain during this initial period, but you must be able to prove travel to Spain at least once during the first two years and once in each of the subsequent three years. and the visa holders are free to travel throughout the EU Shengen visa countries.

Criteria for qualification:

1.The mínimum investment must be 500,000€. This can be over one or more properties. This level of investment must be maintained for the duration of the first 5 years, but can be sold once permanent residency is granted.

To buy your investments you will need to budget for approximately 13% on top of your 500,000€ to cover purchase tax, notary and legal fees, and approximately 1500,00€ plus 21% IVA to cover legal services to obtain the visa (if a different lawyer is used tan for your property purchase)

  1. You must have a clean criminal record.
  2. Not to have entered or stayed illegally in Spanish territory.
  3. The investor must be 18 years of age or older.
  4. Not to have been refused entry into any of the Schengen EU countries.
  5. You must have private health insurance covering Spain (until you have full residency)
  6. Proof of your investment must be provided through the Spanish Registry of Property attesting to ownership.

If this ‘Golden Visa’ is something that could you give you a change of life here in Spain, here are some great homes with business incomes that could be interest to you.

Iznajar Villa





velez de benaudalla









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Tuesday 28th June 2016

Brexit - Questions and Answers from Girasol Homes

How will Brexit affect British buying property overseas?

Following the UK's decision to leave the European Union many expats, holiday home-owners and investors have raised important questions about buying property overseas and their rights to live in another EU country. Here are answers to some of their concerns.

Can I still buy a property in Spain, France or Portugal?

Yes, nothing is going to change for some years to come. While the Brexit is being negotiated, Britain is still a fully paid-up member of the EU and, therefore, its citizens still have the same rights as they did before the referendum.

It is forecast that it will take at least two years of negotiations to leave with any changes to trade agreements taking many more years to settle after that. Therefore British property buyers should not feel any impact for some years and it's not expected to be major.

What could happen to my property when the UK does leave?

Spain and Portugal has a long history of welcoming overseas investors from around the world. Foreign buyers account for one in five property sales in Spain and, whilst many of these are from the UK, non-European buyers are also big investors and enjoy similar rights to EU nationals. 

This investment is very important to Spain's economy (and Portugal's) and so leaving the EU is highly unlikely to affect the rights of UK citizens to buy in Spain. Indeed many politicians have come out to publicly support expats, calling for calm and unity.

The president of the Valencian government Ximo Puig said: "The Valencian Community has been, is, and will be a welcoming land, a land that wants to do business for the benefit of all. Whatever the next chapter in Europe will be, we want it to be written with friendship and cooperation with the United Kingdom." Alicante and Murcia are big and popular areas for second homes and permanent residences for UK citizens and massive areas to holiday in as well.

Could the market crash?

This is perceived as highly unlikely. Although British buyers are the biggest overseas investors, it is still just four per cent of the property market. Many foreigners (Non residents) buy in Spain and Portugal from throughout Europe including Germans, Dutch, Belgians, French, Russian and Norwegian so the UK is a significant, but still small, sector. So even if the UK demand fell to zero - which again is highly unlikely - it would only create a very small ripple. 50% of Girasol buyers are now non UK citizens.

Spain's property bubble burst in 2008 (and Portugal) which saw prices halve in some areas. It has been recovering steadily in the past two to three years with prices in the popular areas starting to rise but it is still a long way off its peak. So the worst-case scenario of a Brexit fall-out would be restrained growth.

Will it still be possible to get a mortgage?

Yes. Banks in Spain usually ask foreign investors for a deposit of up to 40 per cent. It is possible that they could put this up but banks consider the current level to offer considerable protection. It is unlikely this will change considerably. The European economic climate goes hand in hand with low interest rates and so taking out a mortgage or loan is still very good value, we have seen 10 year fixed rates this week at 2.5%.

What could it mean for sterling?

The Pound has been volatile in the lead-up to the referendum and is likely to remain unsteady over the next few months. Effectively, a weaker pound will make property in Spain more expensive for UK buyers. The best thing to do is to use a currency exchange company as their experts can read the markets to get the best rates. We would recommend Foreign Currency Direct which offers a specialist foreign exchange service.

It is also worth bearing in mind that properties in Spain are still much cheaper than in most parts of the UK. If you are selling up in the UK, you are likely to get a lot more property for your money in Spain. Prices are still about one-third cheaper than at their peak in 2007 and so property is still excellent value for money.

What about my pension?

Obviously a weakened Pound is going to affect your spending money in Spain. You will find your pension still goes further than in the UK as prices are lower for so many day-to-day items including a few treats such as a glass of wine in a Spanish bar from as little as €1.50 or a pint of lager for €2.50. At present, UK pensioners living in any European Economic Area have their pensions and social security payments automatically increased each year just like their counterparts still living in the UK. This is a mutual EU agreement and is expected to form part of the Brexit talks.

At the very worst it could mean that expat pensioners are given similar treatment to those in Canada and lose their right to inflation-proof increases. Effectively it means their pensions are frozen.

Will I still get free public health care if I move to Spain?

Yes, at the moment. While Britain is still an EU member then these reciprocal health-care arrangements will stay in place. However, this could change. Many people moving to Spain are older people - pensioners or early retirees - who generally need more health-care than younger generations so this could change. At present, expats registering for a NIE number have to show proof of income and have private health insurance if they are not working or contributing to the Social Security system. If you need a quote for Health Cover please let us know by emailing*.  
It is likely that Spain will expect pensioners to take out private insurance* in two years' time. If you have a European Health Insurance Card, issued by Spain, Portugal or the UK, this will remain in place for at least two years too. This is an agreement within Europe to allow residents to benefit from health-care while travelling so it is possible this could be kept in place.

What about tax and inheritance tax?

All EEA residents, including British, pay the same inheritance tax as the locals. Also the double-taxation treaties are not made by the EU so Brexit will not affect any existing tax agreements between Spain and the UK.

So, what will happen next?

Nothing will happen for at least two years while the Brexit terms are worked out and so the best thing to do is to keep calm and carry on. This two-year period of talks will not begin until Article 50 has been triggered which is not due to happen until the Prime Minister David Cameron actually leaves office in October and his successor triggers this procedure.

The referendum is not legally binding and there is every possibility that MPs will squabble over what to do next, including who is going to be responsible for triggering Article 50, so it could be a very long, drawn-out process. The only thing we should notice is that exchange rates will continue to fluctuate for a while because of uncertainty over the future so make sure you get the right advice with this crucial matter from us as soon as possible.

In the meantime it is business as usual with Britons continuing to enjoy the benefits of being part of the European community for some years to come.

Any questions just ask us we are delighted to assist as always.

Nigel Salmon and the Girasol Homes Team

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Friday 24th June 2016

Post Eu Referendum Vote-Our take from Girasol Homes

Hi everyone, a quick note on the immediate reaction to the UK vote on the EU and I confess it was a surprise to many who assumed we would stay in the EU when the United Kingdom voted out. People are naturally asking us at Girasol Homes our position and opinion.
Keep calm and carry on 
Its been a busy day here with many people wanting to know what will happen next and both sides are either ecstatic (out) or down (remain). From our point of view we have had a very busy week with sales to clients from all nationalities, English, Dutch, Finnish, Scottish, British, Belgian and German and these were all "outcome unconcerned" clients. Sales are still happening today and expected to next week as well.
With the pound steady at around 1.24- 1.25 most things are continuing as usual but we expect this weekend to be a slightly quieter one. I think it is important not to over react to what has just happened, people are moving to Spain and Portugal for all sorts of reasons, investment, retirement, second homes, leisure and for business and these Iberian economies are recovering (and have been for a while).
Our currency partners said (Daniel Wright at
Following the decision for the U.K to leave the EU - Sterling exchange rates saw an immediate drop followed by a slow recovery throughout the trading day. The fact that the Pound has not dropped off by quite a lot more is surprising and should be seen as a positive for those looking to buy property overseas this year. Pressure may now start to mount on the Euro as other economies may seek to leave the EU and I would not be surprised to see Sterling come back up against the Euro in the coming weeks. Of course it is hard to know exactly what may happen next but we need to remember that at present nothing has changed and we will not officially be out of the EU for a long period of time.

Mortgages at great rates are still freely available to Uk and Non EU citizens and for us its business as normal, let us know when you are coming to view!

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Friday 3rd June 2016

Time is right to take out a mortgage on your ideal home in Spain

Time is right to take out a mortgage on your ideal home in Spain

Low interest rates, rising prices and signs that the economy is strengthening continue to attract property buyers to Spain. Property prices are still very attractive and with more mortgages being approved, all the signs indicate that now is a great time to buy in Spain.

Mortgage approvals rose 19.8 per cent last year, according to the National Statisics Institute and it is possible to borrow money with rates as low as 1.9 per cent for up to 70 per cent of the asking price.
For example, you could borrow €50,000 over 20 years at 2.5 per cent interest with monthly repayments of €264.95 or a €200,000 mortgage over 25 years at 1.9 per cent interest would cost €838.01 each month.

You could take out a mortgage to part-finance a brand-new, bespoke home in Spain. You can design and build a home which is perfect for your way of life.

If you are looking to move to Spain or want an investment with a high rental yield, please get in touch to find out more. 

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Friday 22nd April 2016

Prices of properties are going up in Spain

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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Saturday 9th April 2016

Overseas buyers fuelling rise in Spanish property enquiries

Overseas buyers fuelling rise in Spanish property enquiries

The property market is enjoying a strong start to 2016 with 25% more enquiries from overseas buyers than this time last year reports Nigel Salmon from Girasol Homes.

International buyers made more than 100,000 enquiries in the first three months of the year, according to figures by Spanish property portal Kyero.

Demand has been strong in the Canary Islands while the Alicante region continues to be crowned the favourite spot for property buyers, generating more than 33,000 enquiries!

All the coastal regions of mainland Spain have reported increased interest with sales enquiries up 50.7% in Tenerife, 49.3% in Lanzarote, 38.1% in Tarragona, 35.8% in Mallorca and 34.6% in Alicante.

Most overseas interest is from British investors by far, with more than 62,000 property queries from January to March - a 30% rise on the same time last year.

More Germans, Dutch, Italians and Swedish are also looking to invest in Spain while interest from France has fallen by about 9%.

It seems the upcoming EU referendum has failed to dampen British interest in Spain, despite some uncertainty of what will happen to expats or second home owners if a Brexit is on the cards.

Property sales also rose last year with government figures for 2015 revealing more than 400,000 house sales for the year, up 10% of the previous year.

Again, international buyers played a significant part in the surge by generating more than 71,000 sales.

Spain is also showing other signs of economic recovery with a slight increase in domestic mortgage approvals and a drop in unemployment sparking a steady return in demand from Spanish buyers too.
It's looking good to invest into Spain.

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Thursday 7th April 2016

Buying a place in the sun remains an attractive investment

Buying a place in the sun remains an attractive investment as stamp duty rises in the United Kingdom

Investing in a property abroad has always been a dream for many people.
Whether they are looking for a second home in the sun or a buy-to-let investment, favourite destinations such as Spain, and Portugal have long been a hot prospect.

Now buying abroad is becoming even more attractive.

From April 1, second homes or buy-to-lets in the UK will be subject to a 3% increase in stamp duty which will add thousands of pounds to the cost of the property. The chancellor decided to penalise second-home owners and landlords in a bid to ease the housing crisis and encourage more first-time buyers to get a foot on the property ladder.

Taxes on buying a property abroad will not change, however. Property hotspots in Portugal and Spain also tend to be much more affordable than in the UK too. Indeed, homes in some of these areas are considered to be under-valued so it is possible to invest in great locations at attractive prices.

Organisation for Economic Development research shows the cheapest property is in southern and eastern Europe, including Portugal, Spain and Italy.

These are among the most undervalued housing markets globally. The OECD analysis compares local prices with typical wages and then sets this against the long-term averages.

Taking 100 as the average reading, a score of 110 means local property is 10% over-valued against the long-term average. The table shows the United Kingdom’s property is 7% over-valued, which is partly due to the housing shortage.

Spain is undervalued by 26% and Portugal by 5% so these are attractive areas to look at investments. 

Spain enjoyed a property boom until about 10 years ago when the bubble burst. This led to a glut of properties on the market with prices dropping considerably.
In some parts of the Costa Blanca in Spain and the Algarve in Portugal prices were 50% below what they could sell for at the height of the boom.

Even now, prices are only rising slowly and only went up an average of 1.2% last year so Spain continues to have many properties on the market for less than they fetched 10 or 15 years ago.


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Thursday 4th December 2014

Underground homes featured in the Telegraph

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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Friday 8th August 2014

Spain Still Number One for British Buyers to Retire to

property for sale in Spain

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

United States 
Far East 
South East Europe 

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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Friday 4th July 2014

Matthew Parris Buys Cave House in Granada

The Time's Matthew Parris has recently bought a Cave House in Granada 

Matthew Parris buys Cave House in Granada

 For the largest selection of Cave Homes click here

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Sunday 25th May 2014

Girasol Homes Star Property Finder in the Daily Telegraph

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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Saturday 3rd May 2014

Girasol Homes First Spanish Office is due to open in May 2014

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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Friday 10th January 2014

Girasol Homes Cave Houses on Channel 4's A Place in the Sun

Raving about cave houses on A Place In The Sun

Property for sale in Spain

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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Tuesday 31st December 2013

Spanish President Optimistic for 2014 Recovery

Mariano Rajoy has said that the Spanish Recession is now over and is cautiously optimistic about the prospects for 2014 and beyond.

Mariano Rajoy

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 

"the whole of Spanish society has risen to the challenge at an economic level, which has resulted in a very significant change as regards the perception from both abroad and here in Spain. There is still a long way to go but we have set our course".
Although the perception of the Spanish Housing Market is open to many types of interpretation Girasol Homes and their Team of Spanish Property Finders have had another rapid year of growth in 2013.
Nigel Salmon and his team are hugely positive about 2014 and the prospects for Property for Sale in Spain and the Spanish Property Market which continues to be the largest and most dynamic Overseas Property Market.
Girasol Homes have also recently opened up new areas and new colleagues in the areas of Huelva, Cadiz and many more properties across the Canary Islands
Other areas for growth in 2014 are the superb modern properties across Spain which have proved to be so popular in 2013 and Small Hotels and Bed and Breakfast Opportunities across Spain and Portugal.

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Monday 25th November 2013

New Homes Still Falling but Modern Styled Sales are on up

Number of New Homes Still Falling but Modern Style New Homes Sales are on the way up 
Modern Property for sale in Spain

Between January and August of 2013, 46,495 new home constructions were completed in Spain, which represented a decrease of 41.2% compared to the same period in 2012 (when 79,156 were completed), according to recent data released by the Ministry of Development. 

Whilst the trend is downwards the real story tends to follow in a few months and Girasol Homes Spain have spotted the trend of more modern style New home sales right across the board but mainly in the Alicante and Murcia Regions.

The rise of Modern Property for Sale in Spain is one trend to watch in 2014 and the new spacious designs which create much light and are designed for outside-in living are proving very popular.

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Wednesday 20th November 2013

British Pound Rises Against the Euro to over 1.20

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. 

British Pound 

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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Thursday 24th October 2013

Spain is the No 1 Property Hot spot for British and Swedish Buyers


Property Hot Spot

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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Wednesday 4th September 2013

Perfect Time to Buy as Spanish Property Prices Continue to Fall

Drop in prices means now’s the best time to buy a property in Spain

 Property Prices continue to fall 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.

Spanish Property for Sale

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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Tuesday 3rd September 2013

Spanish Property Sales unlikely to be affected by small property tax rise

The tax on secondhand properties has risen by 2% to put it in line with the VAT on new homes in Spain.

Property for Sale in SpainThe 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 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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Wednesday 17th July 2013

UK still rules the waves in Spanish property sales

Sunny Spain is still a property hot spot for UK homebuyers. 

The United Kingdom is way out in front of a league table of property sales in Spain. Recently-released figures show 11,316 Spanish homes were bought by UK residents in 2012. France comes second with 6,778 sales while Russia is a close third by buying 6,555 properties.

Spain is also proving popular with Norwegian buyers with 4,390 sales. The sunny weather and the strong Norwegian krone against the euro are two major attractions for buying property in Spain. Their Swedish neighbours are also keen to invest in Spain and bought 3,236 homes to put them in fifth place.

As well as European residents, Spain is also proving popular in South and Central American countries with 846 homes sold to Argentineans. China is another surprising contender with 3,873 houses bought by Chinese residents.

Although the UK leads the way in sales, they are much further down the league when it comes to how much they pay for their villa or apartment. The average price of Spanish real estate sold to UK residents is €164,654. 

Only 903 sales were made to Danish people but they are buying more expensive homes with an average price of €210,377, which puts them at the top of the league. Fellow Scandinavians in Norway are also prepared to invest more in their Spanish houses with their average price being €200,678. 

Third in the league for the highest average price is the Netherlands at €199,095.

At the other end of the scale, there are people are looking for more modest properties with an average price of less than half those at the top of the league. The biggest bargain hunters come from Morocco where the average price spent on a Spanish property is €86,711. Romanians are also on the look-out for cheap homes and pay an average price of €100,214 with Colombians coming in next with an average price of €108,202.

Many investors are buying real estate at much lower prices than a few years ago, even in the popular areas around Alicante, Murcia, Malaga and the Balearic Islands. Spain enjoyed a property boom until about 2008 when sales fell and prices dropped. Prices have fallen by about one-third since 2007 in some regions, according to a Wall Street Journal report. There are also many repossessed apartments, villas and chalets for sale through the banks at knockdown prices.

Nigel Salmon, managing director of Girasol Homes, said: 

"There are some surprising figures in the table showing who is buying in Spain. It is interesting to see investment coming from the strong Scandinavian countries as well as further afield, like China.

"We are also very pleased to see that the UK is still No 1 when it comes to buying property in Spain and that their love affair with the home of flamenco, fiestas and fine cuisine continues.”

Property for sale in Spain

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Wednesday 20th March 2013

Spring brings record Enquiries for Girasol Homes in Spain

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"  

Sunset over MediterraneanAt 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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Monday 18th February 2013

Sales up 50% on 2012 and Modern Style Properties selling fast in Spain

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.

 Modern properties for sale in Spain

A quick link to the newest modern style properties can be found here

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Saturday 12th January 2013

Spanish Property For Sale Newsletter Now out

Girasol Homes the Spanish Property Finders have their latest newsletter out this weekend.
Property for sale in Spain
For people looking to discover more about Spanish Property for sale all across Spain and its regions it is a weekly must read - please contact them for more details about their Spanish Property Buyer Service. See it here
Next week Girasol Homes hopes to have its 12 steps to buy a property for Spain guide ready for distribution, please register to receive it here

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Friday 28th December 2012

Another client pleased with their purchase in Spain Via Girasol Homes

Hi Nigel,

I would just like to say thank you to you and your team at Girasol Homes.

The support you have given us has made the overseas buying process very easy, I’d like to say a special thank you to Dave and Sven who not only found and secured the property for us but also took the time to sell the area and lifestyle. The efficiency in securing keys, viewings, applications, solicitors etc enabled us to make an informed decision in a short amount of time with no pressure.

You and your team provide a first class service and we look forward to working with you in the New Year to help modernise and manage our property.

Happy Christmas to everyone.

Kind Regards, Luke & Helen.

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Wednesday 5th December 2012

Last chance to buy a new home with 4% Vat

Last chance to buy a new home in Spain with VAT at 4%?

Anyone thinking of buying a new home in Spain is being urged to move quickly before an expected tax rise is introduced next month. Girasol Homes is confident that with the right lawyers you can (if you are a cash buyer) get things completed before 2012 end.

Let us know if you are arriving this week?

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Thursday 20th September 2012

Enjoy a Free Currency Card with up to 500 Euros free

Girasol Homes and Foreign Currency Direct
Buying overseas, about to travel to Europe on an Inspection Visit? 

If you have the need to exchange and transfer money overseas are here to save you time, money and hassle.

That’s why Girasol Homes have teamed up with to ensure that their clients benefit from not just their most competitive exchange rates but from their award winning, personal service.

We are just becoming involved in the launch of a new currency card which enables you to get up to €500 absolutely free courtesy of our currency partner Foreign Currency Direct plc.

All you would need to do is register for free here on  Within a few days, you would receive your EUROCARD through the post, and as soon as you arrive for your viewing visit, your card would be activated and credited with €100 available immediately to offset your viewing visit expenses, to spend in shops, bars or restaurants.

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Tuesday 11th September 2012

Property Sale Transactions rise across Spain by over 15%

Encouraging news and exactly what we are seeing in our main areas.
The results of statistics on residential property transactions made before a notary, released on Friday 7th September 2012 by the Ministry of Development, show that in the second quarter of 2012, 80,235 homes were sold in Spain, which represents an increase of 15.6% over the previous quarter.

In the period between June 2011 and June 2012, the number of notarised residential property transactions amounted to 333,562.

The figure recorded in the second quarter of 2012 represents a decrease of 11.6% compared to the same period of 2011.

In relation to the territorial distribution, two regions recorded positive annual variations, the Canary Islands and Valencia, with increases of 1.4% and 0.2% respectively, while at the opposite extreme were the declines recorded for Cantabria (-36.3%), the Basque Country (-31.1%), Navarra (-30.0%) and Madrid (-28.9%).

Eight provinces registered growth, led by Lleida, with an increase of 28.1%, followed by Segovia, with 27.2%, and Alicante and Las Palmas both with an increase of 4.7%. At the opposite end stood Viscaya with a decline of 44%, followed by Melilla, León, Navarra and Ciudad Real, all with falls of around 30%.

The municipalities which recorded the highest number of sales were Madrid (4,282), Barcelona (2,238), Zaragoza (1,228), Valencia (1,128) and Seville (1,054).

Highlighted for growth among the provincial capitals and municipalities with more than 100,000 inhabitants are Getafe (322.9%), Segovia (125.7%), Toledo (109.9%), Badajoz (55.6%), Cáceres (46.6%), and Cordoba (29.0%). As for the largest declines, these were registered in Torrejón de Ardoz (-68.1%), Alcorcón (-62.5%), Móstoles (-58.7%), Fuenlabrada (-55.5%), Bilbao (-46.3%) and Tarragona (-40.2%).

Free housing transactions in the second quarter of 2012 amounted to 72,723, representing 90.6% of the total, while protected housing transactions in this period amounted to 7,512, representing 9.4% of the total.

Transactions for new housing amounted to 23,540, representing 29.3% of the total, while second-hand housing, with 56,695 transactions, recorded a fall of 5.7% year-on-year but an increase of 9.4% compared to the first quarter of 2012.

With regard to the nationality of the buyer, La Moncloa reported that transactions made by foreign residents in Spain experienced growth for the fourth consecutive quarter, namely by 12.1% compared to the second quarter of 2011, with a total of 9,502 sales.

By province, those which registered a higher number of purchases by foreign residents, were Alicante (2,645), Málaga (1,127), Barcelona (847), Santa Cruz de Tenerife (655) and the Balearic Islands (536).

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Friday 3rd August 2012

Spain overtakes France and USA as the UK’s favourite place to buy

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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Saturday 7th July 2012

Pound at three year high and activity soars

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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Saturday 16th June 2012

A year ago your property would have cost you 10% more

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 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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Sunday 10th June 2012

Spanish Repossessions and how an expert property finding company can help

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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Monday 2nd April 2012

Girasol Homes pulls out of Cyprus Market

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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Saturday 10th March 2012

€530 Billion Euros Set To Boost The Eurozone Property Market

€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.

First Group

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.

Second Group

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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Thursday 23rd February 2012

Girasol Homes Looks to expand its partners network in 2012

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 for a confidential discussion.

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Saturday 11th February 2012

Girasol Homes are working with the Habitat for Humanity charity in 2012

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


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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Wednesday 8th February 2012

Another Satisfied Customer buys through Girasol Homes

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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Tuesday 13th December 2011

Another Satisfied Client buys in Alicante Region

Dear Nigel

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

Kind Regards

Keith Stoner

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Wednesday 5th October 2011

Kind Words from Satisfied Clients

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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Friday 26th August 2011

Spanish Property Store Goes Live

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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Friday 19th August 2011

Spanish Property Prices Now at Realistic levels

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

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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Friday 19th August 2011

New Site to launch for Spanish Repossessions

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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Friday 19th August 2011

Spanish Property Tax is reduced to encourage sales

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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Wednesday 29th June 2011

Air Traffic Rises across Spain in May 2011

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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Thursday 23rd June 2011

Housing Market in Spain predicted to bottom out

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

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