Spanish Property Service

Is the Spanish Property Market recovering? in a word “yes”

“The Spanish Property Market has just seen its best year for international buyers since the start of the recession”

“The Spanish Property Market has corrected itself by 30-40%, its now starting to rise in some areas of the Costas including the Costa Blanca”

“The South Costa Blanca is one of the two main locations in Spain for international property buyers”

“Over the last 12 months the strengthening pound against the euro has seen a significant increase from property purchasers in the UK for Spanish Property”

“Spain is still the number one location for investment/second homes in the sun for British Buyers”

Why the Costa Blanca area?

  • 200 Kilometres of Beautiful Mediterranean Coastline
  • Over 300 days of Sunshine per year
  • 3 International Airports, Alicante, Murcia & Valencia
  • Coastal Motorway & European High Speed Railway Network
  • One of the Healthiest places in Europe to Live

Why the Orihuela Costa area?

  • The most popular area in the South Costa Blanca for property buyers
  • Resales starting from €50,000 (*£36,000)
  • New Builds starting from €100,000 (*£71,500)
  • 2 International Airports, Alicante (45 mins) & Murcia (20 mins)
  • Numerous Immaculate White Sandy Beaches
  • 4 Championship Golf Courses (another 10 courses within 30 mins)
  • The location boasts the Largest Commercial Centre in the Alicante Region
  • “Zenia Boulevard” with over 150 High Street Brands right on the door step
  • Family entertainment, Go-Karting, Horse Riding, Bowling, Waterparks, Fairgrounds, all kinds of Watersports, Paint Balling, 10 Pin Bowling, Theatres & Cinemas to name but a few
  • Endless selection of quality Bars and Restaurants
  • One of the Largest Expat British Communities in Spain
  • What is the rental market like in the Orihuela Costa?
  • The market is very buoyant due to a number of factors;

Year round season
The recently opened “Zenia Boulevard” has created thousands of local jobs
This cosmopolitan location has created a large expat community for many nationalities, especially the British, Irish & Scandinavians
The busiest location in the South Costa Blanca for national and international holiday makers
Great selection of local golf courses means a busy rental period during the autumn and spring golf season.

Benefits:

  • Access to over 5,000 Properties in the South Costa Blanca
  • Access to over 1,000 Bank Repossessions per year
  • Bank Repossessions are typically 10 – 30% below market value
  • Extensive knowledge of the Orihuela Costa and surrounding areas
  • Over 30 Years of combined experience in the property sector
  • Buy – To – Let, Investments, Holiday Homes, Resales, New Builds
  • Reduced Properties, Let – To – Buy, Relocation, Key Ready
  • Our preferred partner offers a highly professional end to end solution in all property related transactions in Spain and includes the following services;

Property Sourcing

  • Legal Advice
  • Tax Advice
  • All Documentation Requirements
  • Notary
  • Property Management
  • Foreign Currency Exchange
  • After Sales Service for life!
  • Rated Services (over 60 Types of Tradesmen and Professional Services)

Buy – To – Let Overview;
2 Bedroom Apartment
Property Purchase Price €100,000 (*£71,500)
Closing Costs
Property Purchase Tax = 10%
Legal, Notary & Land Registry Fees = 4%
Total = €114,000 (*£81,500)
Achievable Rental Income´s;
Long Term Let €300 – €500 pm
Short Term Holiday Let €300 – €600 pw
Property Management Costs are between 10 – 15% per annum
Rental Yields are between 4 – 8% pa depending on a number of factors;

Recently Reduced Property under market value
Bank Repossessed Property under market value
Property Refurbishment Costs
Furniture Requirements
Quality of Property
Location i.e. Beachside, Golf Course, Near Commercials etc
Long Term Let
Short Term Holiday Let
High & Low Seasons
Number of Weeks Let
Foreign Exchange Rates
Property Management Fees (Maintenance, Cleaning etc)
Utilities (Water, Electric, Insurance, TV, Suma (Council Tax), Community Fees)
Finance is available up to a maximum of 70% Loan to Value, however on some Bank Repossessions a 100% mortgage plus closing costs is available
(*foreign exchange rate is based on 1.2 euro to the pound)