the most basic of questions , sorry

Spanish Property Insight Forums Spanish Property Forums Property Questions & Answers the most basic of questions , sorry

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    • #57786
      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
      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
      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
      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
      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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