Relocation at Spain One Stop

When we were looking to buy here, we found what we thought was the perfect property for us. It was a ruin with 5000 square meters of land. The owner said it had a reform license and he had plans for the new building drawn by an architect. Everything looked good, but he said we could not see the reform license as he had lost it but he assured us he would find it for us and that the property had one. We spent one week thinking we need look no further, but still he was not forthcoming with the license. We decided to employ an architect and he met us at the property. Within minuts of seeing the property the architect informed us that the ruin was unlikely to have a reform license because the structure of the existing building was beyond repair. The architect told us that the only thing we could do was to flatten the ruin and build a new house from scratch. His next question was,”how much land was included with the ruin” because in that particular area we would need at least 20,000 square meters to obtain the paperwork, to build a new property.

We decided against buying and looked elseware.

Two years later we learnt the property had been sold, to an English couple. To our knowledge, now nearly 4 years on, they are still waiting for permission to reform the ruin.

Had we taken the word of the vendor, we would now be the proud owners of 5000 sq meters of worthless land and be out of pocket to the tune of nearly 80,000 euros.  

Check and check again its worth it.        

If you don't come up against any problems when buying a property in Spain then the likelihood is you have seen one of these lately.

Don't let this put you off, if you are careful check everything and make 100% sure that your lawyer double checks and that you understand everything then you should be O.K.   

Sell

Sell your property using our  For sale by owner service.

Buy  Plots [ 1 ]   Houses [ 0 ]  Apartments [ 0 ] Ruins [ 1 ]

Property Price

Property here in Spain can change its value very quickly as we found out when making an offer on an old farm house. It was on the market for 108,000 euros but as soon as the vendor heard we were from the U.K. the price increased by 20,000 euros in a matter of minutes. When making an offer stick to your guns and don’t go over the asking price.

Some vendors will try to force you to buy quickly by telling you that they will only hold the asking price for the property for 1 or 2 days and then it will rise. Don’t be fooled by this, all they want to do is rush you into a decision. The property will probably still be for sale at the same price for months. Also you may find the exact same property at another estate agents for less money. This is not uncommon here as property can be advertised in many different estate agents and each one will have a different price for the same property.       

To download The latest Spanish House Price Index

in pdf format Click Here

Supplied by Kyero.com   Spanish House Price Index

Property Directory

To go to our Estate Agent directory for links to: Estate Agents in Southern Spain and the E.U. Click Here

Selling a property in Spain

When you resell your Spanish property, you will have to pay capital gains tax. This can be as much as 35% if you are non resident or 15% if you are resident here in Spain. The Law in Spain changes on a regular basis so it a wise idea to get the advice of a good lawyer or financial advisor. There are various things you can do to avoid paying so much tax when you sell. Also ask your lawyer about inheritance tax, this can be a devastating amount of money if you are not prepared and there are ways to cut the amount you have to pay, within the law.

Currency Converter

So you can work out the price of the house you have seen (in any currency) click here for a currency converter

Spain one stop the website where you can find: information on moving, learn Spanish with a free ebook, find a cheap flight, learn about rural spain, use our foreign exchange to change your pounds into euros, make sure you are getting the right rate with our currency converter, find health insurance, look at property in our list of estate agents, sort your finance with a Spanish mortgage, you can even make a Spanish meal by following one of our recipes. In short everything you need to relocate.

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