spanish property prices

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.

http://www.girasolhomes.co.uk/property/1014257-villa-for-sale-in-iznajar

Iznajar Villa

 

 

 

 

 

 

 

http://www.girasolhomes.co.uk/property/941349-villa-for-sale-in-velez-de-benaudalla

velez de benaudalla

 

 

 

 

 

 

 

http://www.girasolhomes.co.uk/property/983507-villa-for-sale-in-montefrio

 

 

 

 

 

 

 

http://www.girasolhomes.co.uk/property/1101757-finca-for-sale-in-alhama-de-granada

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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 6th February 2015

Recent Market Data February 2015

As you probably know the Euro has been weakened significantly recently which provides an excellent opportunity for foreign buyers to save thousands on a European property purchase. In the last year the British Pound has seen a 10% increase in strength against the Euro – British buyers are now in a favourable situation where they see a seven-year high in exchange rates coupled with the lowest house prices in Spain in ten years. (Figures 1 & 2)

Figure 1 – Property price (€/m²) Source: tradingeconomics.com/ Ministry of Housing Spain

  

Figure 2 - EUR/GBP 7 year profile. Source: xe.com

This correlates nicely with economic confidence also at a seven-year high, particularly in areas such as retail, consumer confidence and industry. Some good comparisons on last year to note would be:

·14.2% more mortgages approved in November 2014 compared to the same period the year before

·5.1% more new build permit applications submitted in 2014 than 2013

·2013 saw a record breaking number of tourists come to Spain and 2014 also broke records with a 6.5% increase on the previous year. These 65 million tourists spent approximately 63.1 billion €.

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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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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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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 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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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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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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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 currencies.co.uk are here to save you time, money and hassle.

That’s why Girasol Homes have teamed up with currencies.co.uk 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 www.currencies.co.uk  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 djw@currencies.co.uk 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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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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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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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 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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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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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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