Should I be worried.. yes you sould as we seen Current Climate
Price in spain are coming down , Will that good to you the Customer but not for the saler due to there profits are lost value on the Real estate . But there lot to watch out for here in Spain . With real estate and construction groups of Spain crash , Spanish property bubble has burted , Block off Apartments at Mid construction and stopped due to no money you want to becareful . i know off few blocks that a brick has not been layed but the floors are done , “The price of the house slowed down its fall in the month of February, with a reduction of 9% with respect to the same month of 2008, which less supposes 1.1 percentage points than in the previous month, when a 10.1% descended, according to the Index of Spanish Real estate Markets (IMIE) elaborated by Tinsa” reported on El Pais 10/03/2009 .
You work hard to own you caslte if Uk Ireland are where every , Now time to have bit off Spain in the Sun
Estate agent, Solicitors , Banks , planning permission and Surveyor what we used to in many places ,
But spain dirffent , Real estate corruption case , investigations in two planning permission long list gose on but here the list how to keep you Casa (House in spanish )
Rules
Do you Research via the internet , Used search engines even if you know the area .
Big companies are getting massive commissions and you end up paying through the nose .
Independent solicitor not working with the builder are construction company . You agree to be legally bound by these terms and conditions. ...
Get you Own NIE number (Spanish social security number ) In spain only take few hours to days
Builders should have an insurance policy to protect against bankruptcy .
Agents charge high commissions.
Buyers and sellers of resale properties should be aware of the agent’s commission.
Deposits and stage payments should be made to a blocked account.
An English speaking abogado is essential to the property buying process, principally for advice on contractual and payment terms.
Spanish banking is reasonably efficient but its procedures are very different. Choose a major bank, with English speaking staff, close to your new home . look around at few Banks
Although mortgages are available from Spanish banks, they are relatively small.
The notario, a State appointee, at the final step of the buying process offers great safeguards on legal matters . Every one get payed
A gestor is necessary to deal with the bureaucratic way of life.
Ensure that someone has checked the debts on a property.
Spain ‘s peculiar laws carry them over to the new owner.
Wish to avoid problems? Always take legal advice from someone who speaks your native tongue and understands Spanish property law .
Do not sign anything, or pay a deposit, until you have sought legal advice . Independent solicitor not working with the Estate agent builder are construction company .
One of the most common phrases heard in Spain is about buyers ‘leaving their brains behind at the airport’. It is true! The rush to buy a dream home, or the pressurised selling trip, or even the euphoria of the moment often makes people do incredibly stupid things, literally handing over cash deposits to agents or owners with little or no security. Again, always take legal advice.
Estate Agent reviews
Unprofessional, rip off merchants!! ,... they sold us property that did not even have any planning permission,.... It was not until after 18 months and making our enquiries in spain that we eventually found this out , ....Good service whilst buying. Free airport service, cheap accomodation and easy to contact.Had no need to use their aafter sales service, so cannot comment on that.
just some off the reviews i found
if you want to ADD to this please do so but Do NOT Name any companyes this is two help people buy now Name will be edited and so could you post aswell Dont for get it rules in buy no name shaming
