the most basic of questions , sorry

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This topic contains 4 replies, has 3 voices, and was last updated by Profile photo of Fuengi (Andrew) Fuengi (Andrew) 3 years, 2 months ago.

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  • #57786
    Profile photo of Anonymous
    Anonymous
    Participant

    could i ask please some basic questions on buying in spain
    are properties cheap at the minute .. i read that they were still 27% overpriced as of now 2012/2013
    what other costs are involved on top of the purchase price
    what would be a good area for brits where most of the properties are occupied and have, ie, markets,shops, nr sea,
    what areas are best avoided for mass empty properties
    what properties are protected against compulsory demolition by the authoroties or owner ( i had thought that the old village houses like in mijas/mojacar would be safe )
    can you still haggle when it says for instance was 80,000 euros now 35000 euros
    i know theres a lot of questions here and sorry for posting so many its just so confusing and you hear of people being scammed by estate agents and losing their life savings
    regards craig

  • #118173
    Profile photo of Melosine
    Melosine
    Participant

    Am sure Craig 12 you will get lots of replies.
    My take is
    Compared to UK all properties in Spain are cheap. More to the point is , is it value for money.
    Would factor in 15-20% above purchase price for fees.
    Would estimate 70% of coastal properties are fully occupied by the Spanish.
    Areas to avoid are the purpose built urbanisations/ golf courses….dotted about everywhere and too numerous to mention.
    Safe from demolition ! This is Spain. Nothing can ever be guaranteed here.
    Everyone has a right to haggle. The worst than can happen is the vendor shows you the door. Unless of course they are really really desparate.
    Point to remember though is if the catastral value is more than you have haggled down to expect the Spanish Government to send you a bill for the difference.

  • #118174
    Profile photo of Anonymous
    Anonymous
    Participant

    how is a catastral value calculated , that almost takes the fun out of buying as a agent or rightmove will have come up with a price to sell for the vendor wouldnt they, if they was happy at the price how can a second value be implemented

  • #118175
    Profile photo of Melosine
    Melosine
    Participant

    Absolutely no idea. Even looking at my IBI ( rates ) bill provides no clues for me.
    Never known an estate agent to check with local Ayuntamiento. Vendor wants a certain price and EA’s stick their commission on top.
    Bottom line is at the end of day the buyer is held responsible if it is thought black money was part of the “cheap” deal.

  • #118181
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    @craig12 wrote:

    how is a catastral value calculated , that almost takes the fun out of buying as a agent or rightmove will have come up with a price to sell for the vendor wouldnt they, if they was happy at the price how can a second value be implemented

    valor catastral is used to calculate hte valor fiscal. that is the figure to watch out for. If you buy below this you can get a ‘complimentaria’.
    This value does not take into account the actual value of hte property. You could invest 50.000€ on the property and the ‘valor fiscal’ would not increase.

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