Insight into the Spanish property market, guides to help you make informed decisions, and a directory of real estate professionals and home service providers from a source you can trust.
This is a website for buyers, owners, and sellers of property in Spain, offering reliable information and resources to help you get things done with confidence. It is run by Mark Stücklin, author of the Spanish Property Doctor Column in The Sunday Times (2005-2008), and the book ‘Need to Know: Buying Property in Spain’ published by Collins.
When you buy or sell property in Spain the sums of money are large, perhaps one of the biggest financial decisions of your life. The high transaction costs you will face like taxes and commissions only make the decision more important to get right. And when you own property in Spain you face a host of extra challenges to manage, and costs to control. Unfortunately, the Spanish property market is opaque and full of pitfalls, and notoriously unprofessional. Buying and selling property in Spain is not a decision to be taken lightly, and you may find it much easier to buy than sell if you don’t take care. In this market it is crucial to do your own research, and don’t rely exclusively on people who are trying to sell you something – let’s just say they might not have your best interests at heart. Spanish Property Insight is the only independent source of information and analysis of the Spanish property market. Don’t even think about buying or selling property in Spain without subscribing to Spanish Property Insight.
The Spanish president and his wife have lost 160,000 Euros on their holiday-home in Vera, Almeria, reports the Spanish press.
After a year on the market and some big downward adjustments in price expectations, Zapatero and his wife have finanlly managed to sell their holiday-home in Vera (pictured above), for a loss of 38pc.
They bought the house at the top of the market in 2007 for 440,000 Euros, and put it up for sale in 2010 for 400,000 Euros. It has now sold for 280,000 Euros, 30pc less than their original asking price, according to the Spanish news website El Confidencial.
It’s sad they have lost money, but at least they know what it must feel like for countless other families who have also lost money on Spanish property, to some extent thanks to his government’s handling of the economy these last 7 years.
After stepping down as President in November, Zapatero and his wife are going to build a house in his homeland of Leon at a cost of almost 1 million Euros, according to Spanish press reports. At least he still sees Spanish property as a good investment.
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