Sunday, October 31, 2010

Places to advertise a Spanish property for rent

If you are looking to ret out your Spanish property, there are plenty of places where you can advertise your property for free.

Obviously it makes sense to advertise it in the free listings since you have nothing to lose, except a few minutes of your time.

Please feel free to add to this list.

Free (for individual properties):

Paid: - 47 Euros per year - From

Wednesday, October 27, 2010

House to rent in Puerto de Mazarron - 450 Euros per Month (long or medium term)

Puerto De Mazarron, Murcia

Spectacular area.

So you want to move to Spain, but you know now is not the best time to buy, rent instead.

Long / medium term rental available for only 450 Euros per month

3 bedrooms
2 bathrooms

Less than 10 minutes walk to the towns beaches

Easy to get to.
Under an hour from Murcia Airport and the new Corvera Airport opening in 2011. An hour and a half from Alicante Airport. An hour and 45 minutes from Almeria.

For more information email

Sunday, October 24, 2010

Connells and CAM join forces to sell Spanish Property

The CAM (Caja Mediteraneo) bank and Connells Estate agency have joined forces to try and sell CAM's residential property portfolio. Connell's with their impressive track record of selling properties in the UK undoubtedly can bring a lot to the partnership. It's refreshing to see one of the banks admitting they need help to shift their growing catalogue of properties they have acquired through repossessions. It's a sensible start and I'm sure this move will generate a lot of sales.

Connell's previously partnered with a Spanish Property agent, the now defunct Parador Properties.

Whilst I am certain that Connell's will be able to muster up some clients, even in these depressed times...I'm not so certain how the whole process will flow so easily.

It does prompt a few questions:

Who will being doing the selling on the ground in Spain?

Will there be any kind of an after-sales service?

In my experience the vast majority of British property purchasers did so from British sales people. If Connells think it's just a question of getting bums on an aeroplane and CAM think it's just a question of showing an English couple a house, they may not be as successful as they both hope.

I am a little bit bemused as to why the banks haven't struck up multi-agency deals with all the real estate agents up and down the Costas and shifted the properties sooner and faster. The local British agents have a great deal of experience and skill at selling Spanish property.

For a list of banks featuring repossessed Spanish property visit:

Tuesday, October 19, 2010

Paramount Theme Park - Alhama de Murcia

It has been agreed that the new Paramount theme park will sit next to the Condado de Alhama, on land formally owned by Polaris World.

The location is between the towns of Alhama de Murcia and Mazarron.

The theme park will be a short distance from Covera airport due to open next year. Covera Airport

This will come as a boon to the region, which badly needs the employment.

It's also good news for people who let out holiday properties in the area on developments such as:

  • Condado de Alhama
  • Mazarron Country Club
  • Camposol

The nearest beaches to theme park the will are at Puerto de Mazarron

Paramount formally managed Terra Mitica, just outside Benidorm.

Those wondering what the park might look like may here flagship park is Kings Island

Original Article

Friday, October 15, 2010

Where are the banks repossession bargains?

Looking through the Banks' websites advertising repossessed spanish property it soon becomes obvious that a disproportionate amount of respossessed properies can be found in the following provinces:

These three provinces are over represented with proeprties.

I found properties discounted by more than 50% in these area

Thursday, October 14, 2010

The Cheapest Properties in Spain

In this article I examine where to find the Cheapest properties in Spain.

There are two intrepretations of the term cheap;
  1. Cheap in absolute terms. I.E. What are the Cheapest properties in Spain?
  2. Cheap in relative terms. A luxury villa reduced from 2 000 000 Euros to 1 000 000 Euros could be considered to be very cheap.
The cheapest properties in Spain in absolute terms are typically:
  • Situated inland
  • Small in Size
  • In poorer areas
  • In a delapidated condition
  • Spanish rather than expat areas
  • Older rather than modern construction
  • Further from an international airport
That said cheap properties in Spain can offer alot. It's not difficult to find a habitable property for under 25 000 Euros if you know where to look. These properties enable the purchaser to get onto the property ladder where they wouldn't be able to purchase elsewhere. If you are a DIY or have building skills, this amplfies the range of properties open to you.

Where to find these properties:Use our Spanish Property Finder a let us know what sort of property you are after.The cheapest properties in Spain in relative terms is typically:
  • About be repossessed
  • For sale by a bank having been repossessed
  • In an area where there is a lot of similar property for sale
  • In an area where property speculators have purchased
Pre-repossesion properties are probably the cheapest properties in Spain and represent the best value for money. If the vendor is in a situation where he has a mortgage on the property, but still a large amount of equity. That is to say he owes less to the bank than what the property is worth. If he doesn't keep up with the mortgage payments the bank can respossess the bank and sell it. If he wants to sell and pay off the loan he may offer the property at less than bank would offer it for if it were to be repossessed.

The original article can be found here: The Cheapest Properties in Spain

Tuesday, October 12, 2010

House prices fall by an estimated 5%

The latest TINSA figures indicate that prices in Spain are still falling at a relatively steady rate. Whilst there is an increased decline over the last trimester, most observers consider that the worst of the crisis is over, but that property prices will continue to fall.

The TINSA property valuers suggest that prices have fallen at a year on year rate of 5%. TINSA reckon that property prices are falling fastest along the mediterranean coast, which they estimate is falling at a rate of 8.7% per year.
The coastal areas saw the largest inflation during the boom years, so it is perhaps unsurprising that they are the biggest fallers in recession.

They estimate that a property worth 100,000 euros last September would be worth 95,000 euros today.

Download the latest TINSA report. (Spanish)

Owning a property in Spain in this market should be viewed as a liability rather than an asset.

The reason for the decline can be put down to the over supply of property on the market, the high unemployment rate in Spain and general maliase in the wider economy.

It would be a mistake to assume that a property price decline is confined to Spain. Similar declines are being observed in other markets, such as UK, Ireland and the USA. The Halifax reported a recently recorded drop in UK house prices.

The message to potential purchasers out there is to continue to wait and rent property in Spain instead of purchasing.

Please visit Spanish Property Magazine, to read the original article.

Thursday, October 7, 2010

Spanish Property Prices Drop Further

One of the largest Spanish property portals, idealista, publishes a price index for the 3rd Trimester of 2010.

Which can be found here.

The index indicates that prices are continuing to decrease.

Although asking prices are not a representation of sale prices (especially in Spain!), the fact that vendors are willing to discount indicates the direction the Spanish Property market is generally heading.

Average asking prices fell by 2.7% over 3 months to the end of September, according Idealista, one of Spain's largest property portals.