SPANISH PROPERTY MAGAZINE ISSUE 25
SPAIN *
SPANISH PROPERTY MAGAZINE (SPM) Issue 25
WHY WOULD YOU BUY A SPANISH PROPERTY? WHEN YOU BUY A PROPERTY IN SPAIN TO MODERNISE
A CLOSER LOOK AT MIJAS IN MALAGA
UPDATE ON SPANISH TAX LAW AND THE PROPERTY MARKET IN SPAIN
PROPERTY DEVELOPMENT IN SPAIN - FINDING THE GEMS
Welcome To The Magazine
Editor’s Note Hohoho! And the weather outside has been frightful of course in the run up to Xmas. The Canary Islands has been suffering with heavy unseasonal storms, Malaga has been hit, there has been a “gota fria” in Valencia and the Balearics have seen some really heavy rains. Let’s face it after almost a year without any significant rains Spain needed it.
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This issue is the last of the year before launching the new look Spanish Property Magazine in the New Year. We look at what is happening in the market especially with regards to tax, we take a loser look at developing property in Spain, have a look at Mijas in Malaga via Lisa and ask the simple question “Why Would You Buy A Property in Spain? You can also find a whole lot more at www.spanish-property.net/blog
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If you have any questions or suggestions or simply want to comment get in touch with us by mail at spanishpropertymagazine@gmail.com. As we end this year, the third year of the magazine we wish you Season’s Greetings and hope you have a happy new year and buy your property in Spain of course.
Created, Curated and Edited By Graham Hunt
Magazine Featured Content
Main Story
Written by Graham Hunt
Spain
WHY WOULD YOU BUY A PROPERTY IN SPAIN?!
Features THE LATEST SPANISH PROPERTY TAX NEWS! BY THE SPN
A CLOSER LOOK AT MIJAS IN MALAGA!
BY THE SPN
DEVELOPING PROPERTY IN SPAIN - WHAT YOU NEED TO LOOK FOR!
100 TIPS FOR MOVING TO SPAIN PART 25
BY THE SPN!
+ A WHOLE LOT MORE INCLUDING WHAT PEOPLE IN SPAIN DO FOR A WORK LIFE BALANCE A LOT OF GREAT PROPERTIES THROUGHOUT SPAIN AND A WHOLE LOT MORE. READ ON AND ENJOY
WHY WOULD YOU BUY A PROPERTY IN SPAIN?
WHY WOULD YOU BUY A PROPERTY IN SPAIN? Just look at the figures‌
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According to the latest figures, foreign buyers of property in Spain are returning in droves. Scandinavian buyers are up by 450% compared with 2006, for example. That is the outlier but all other countries, that matter in numbers for the Spanish Property Market have increased, some greatly, except one country, the UK.
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The British are back into the Spanish Property Market now but not in the same numbers as in the period before the great crash of 2006-2008. There are various reasons for this and one of them makes the UK a special case. However the tendency is up and with the UK economy and unemployment figures showing positive signs we can expect the latent demand to increase even further over the next few years.
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British buyers are still down by 76% against the numbers before the crash but there are certain factors that suggest the UK is a special case.
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The question is: Why are the figures not as high for the British?
WHY WOULD YOU BUY A PROPERTY IN SPAIN? Firstly, there can be no denying that the buying power of the pound is key. The pound fluctuated mostly between 1.45 and 1.50 euros to the pound for almost the whole of the early 2000’s. When prices on Spain became unsustainably high in 2006 British buyers started falling in numbers but then they fell off a cliff in 2008 when the British government effectively devalued the pound in two months due to the collapse of Lehman Brothers to avoid the worst of the Great Recession.
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When you buying power goes down from 1.50 to 1.06 euros to the pound in a couple of months demand is crushed on large purchases such as homes abroad. Pensioners living in Spain, on a fixed income ,suffered greatly leading others to worry about how they would manage in a newly perceived more expensive country. Secondly, Spanish developers targeted British buyers above all others prior to 2006. It was an easy market to target. British buyers had no problems getting credit to purchase, compared to German buyers for example who needed much greater levels of their own money to invest, and developments were marketed as “Blackpool in the sun”, giving the cultural reference that British buyers appreciated but was alien to buyers from Scandinavia, Germany, the Low Countries etc…
WHY WOULD YOU BUY A PROPERTY IN SPAIN?
So why are the British coming back in numbers now but not in the same way as pre 2008?
! Firstly, the pound has been creeping up in value against the euro reaching around the 1.27 mark against the euro recently. This allied to the price drops averaging between 40-50% from peak mean that property in Spain now is perceived as very cheap compared with prices in very recent memory. The UK is different in this respect as other countries that use the Euro only see the actual ticket price changing not what their currency can buy them.
! Secondly, the huge property price crash didn’t happen to the same extent in the UK so many people have good equity in their property and when they sell up they have more money to spend in a lower price market. Equally the huge price increases in some areas, especially London where prices rose last year by around 26%, mean that a lot of buyers are cashing out and buying into a market where they require no mortgage and can live on a lot lower budget as a result. Anecdotally we have seen huge increases in the numbers of buyers from just London in the last nine months after the figures for price rises in London were announced at the start of this year. When viewed through the prism of London house prices, property in Spain is an absolute bargain even in the more exclusive and expensive areas.
WHY WOULD YOU BUY A PROPERTY IN SPAIN?
Thirdly, the climate continues to aid Spain. The UK weather patterns are not changing greatly but people are more aware these days of the bad weather they are surrounded with and have much more easily accessible data from other countries to view. They see their friends and contacts every day with lovely sunny views over the Mediterranean and temperatures that the UK can only aspire to rarely and they get the itch, an itch they need to scratch. When allied to the price drops in Spain that itch is seen as easy to solve.
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Fourthly, other countries are making it much more onerous to have a property there. Italy put a wealth tax in place for all property held in other countries for residents, making becoming a resident hazardous in the sense of it could become very expensive. France increased its capital gains and wealth taxes massively too meaning that even though prices in France are relatively low now they will continue to be that way for a long time and even if you manage to make a capital gain, over 75% of it will be taken away from you on sale. Germany continues to encourage low growth in house prices by always increasing the supply and encouraging rental above ownership, which may be eminently sensible for an economy as it is more dynamic, but is not great from an Anglo Saxon viewpoint as the house is seen as a piggy bank and way to make money through investing.
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Further afield it had become hazardous to invest in many countries. The Arab Spring caused uncertainty in many North African countries and buyers are shying away, there are problems in Egypt, the Balkans are always a bit up in the air, Turkey has the issue of Syria on its doorstep and the problems in the Ukraine mean that the Black Sea was off the menu. Spain, Portugal and other countries are seen as more safe havens.
WHY WOULD YOU BUY A PROPERTY IN SPAIN?
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So as a British buyer why would you now be considering Spain more than in previous years? Why would YOU buy property in Spain:
• It looks as if the price drops are now levelling out because of the demand from other countries as well as the UK and the stirrings of internal demand in Spain itself. • The pound buys you more euros than it did previously. • Spain is a safe haven compared with many other countries. • There is a possibility of capital gain in the future as basement prices mean that the only way is up (or at worst flatlining) • The quality of life in Spain remains excellent for those who have money to spend. • The cost of living in spain has actually dropped in many aspects over the last few years, deflation in the market has meant that day to day expenses are now cheaper adjusted for inflation, than a few years ago. When will you be joining the growing demand?
INTRODUCING THE SPANISH PROPERTY NETWORK GRAHAM HUNT
NICK SNELLING
LISA SADLEIR
DAVID LEIGH
SIMON HARRIS
THE LATEST SPANISH PROPERTY TAX NEWS AND REPORTS
THE LATEST SPANISH PROPERTY TAX NEWS AND REPORTS
A few weeks ago we wrote an article about how certain sellers of Spanish property will have to pay more tax next year if they do not manage to sell their property quickly. The general view of course is that this was a stupid move on behalf of the Spanish government and it meant that certain sellers were desperate to get rid of their properties before the property market in Spain moved into 2015.
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Well, guess what? In a fit of “oh my God we are going to lose some middle class votes” realization, the Spanish government has now said that this new law will only apply to properties priced over €400,000. Therefore, if you are in the market for a property that has been held in the family for a long time and priced between €400-500,000 expect the actual declared price to be €399,995 when you buy it, however much you actually pay for it.
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Another sign of panic by the Spanish government.
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However what they haven’t changed, at least in certain areas, is that if you are buying a property and the tax bill is potentially higher than what it would be when you apply a fixed percentage then you may have to pay more in many parts of Spain. Take a look at our previous blog post about this and be aware that it may happen if you are not fully informed of the consequences of the Valor Catastral.
THE LATEST SPANISH PROPERTY TAX NEWS AND REPORTS I am pretty sure that eventually this new law will disappear too. However until it does we have made steps to contract somebody experienced in the market, recognized by the Spanish courts and able to write full reports on properties giving them a real market value if you find yourself with a need to appeal. If you need more information about this just send us an email to info@Spanish–Property.net.
! Meanwhile in general the market keeps on moving nicely with foreign buyers moving into the more popular areas of Spain and the national market is also starting to move at certain price points, usually around the 100k and below area. Banks have been instructed to give mortgages a bit more freely by the central government and they are starting to do that although the percentages they give are still a lot lower than they were in the past.
! There are many foreign investment funds buying into the Spanish market too and this means that Spain is still seen as a very attractive country to make profits for these funds. Therefore you should also consider Spain as a good place to buy a decently priced property before prices start to go up eventually as where vulture funds go individual buyers follow.
! Here at the Spanish Property Network we continue to keep an eye on the market for you and will inform you when there are major changes afoot. If you have any questions don’t hesitate to ask us at info@spanish-property.net
A CLOSER LOOK AT MIJAS IN MALAGA BY OUR LOCAL EXPERT
A CLOSER LOOK AT MIJAS IN MALAGA BY OUR LOCAL EXPERT
Today we take a look at Mijas in Malaga, overlooking the heart of the Costa Del Sol on Spain’s southern coast. However Mijas has much more to it than just the golden beaches of the Costa del Sol. Read on…
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The municipality of Mijas is in the province of Málaga, in the autonomous community of Andalucía, in southern Spain. It is situated on the southwestern coast of Spain.
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Mijas belongs to the municipality of Costa del Sol Occidental. Its core is a typically Andalusian white-washed village located on a mountainside, at about 450 metres above sea level, in the heart of the Costa del Sol region.
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Despite often being referred to as simply “Mijas”, it can be divided into several different areas that offer completely different lifestyles.
A CLOSER LOOK AT MIJAS IN MALAGA BY OUR LOCAL EXPERT The municipality of Mijas is best divided into the following areas: – Mijas Pueblo (the original whitewashed hillside village) – Mijas Campo (the more rural area, inland and countryside locations) – Mijas Costa (the main commercial and residential area including areas such as El Chaparral, Torrenueva, Calahonda and Riviera del Sol) – La Cala de Mijas (originally a small fishing village and now a popular, small village by the sea), also sometimes referred to as Mijas Costa – Las Lagunas (largely suburban and mixed commercial area located south of Mijas campo and north of Fuengirola).
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Each of these areas of Mijas offer their own lifestyles.
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If you like breathtaking views and country living, you should consider the areas just outside Mijas Pueblo and Mijas Campo.
A CLOSER LOOK AT MIJAS IN MALAGA BY OUR LOCAL EXPERT If you prefer to be walking distance from amenities such as shops, schools, bars and restaurante then La Cala de Mijas, Las Lagunas and Mijas Pueblo are where you should be looking.
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For sun seekers and leisurely golf lovers, Mijas Costa may be the place to start your search.
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If you are looking to move to Mijas, whether renting or a purchasing a property, you have come to the right place. We have lots of information about Mijas to share with you.
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Mijas has something for everybody, it is simply a matter of looking in the right place. We are waiting to help you ‌
WORK LIFE BALANCE IN SPAIN SPAIN’S LITTLE SECRET FOR LIVING THE GOOD LIFE
WORK LIFE BALANCE IN SPAIN SPAIN’S LITTLE SECRET FOR LIVING THE GOOD LIFE
There is a great lie about the Spanish people that they only have leisure time, that they don’t work and that they are always on siesta. Work Life Balance in Spain is thought to actually not include “Work“. In many places the image of the Spaniard is having a siesta underneath a cactus (But then again Mexico and Spain are easy to confuse aren’t they? ;-))
! A little known fact is that the Spanish work the longest hours of any country in Europe, whether that is productive time is questionable, but the basic fact is correct. Therefore the average Spanish person needs to think carefully about what they do with their spare time because when you start work at 9 or 10 in the morning and don’t finish until 8 in the evening there aren’t that many hours in the day left.
! Leisure in Spain can be divided into various areas; family time, friends’ time and activities. Unfortunately like the rest of the world Spain has a bad addiction and that is to bad television. Apparently people in Spain are known to watch an average of 4 hours per day of TV. That is an extraordinary amount of time to be watching total rubbish, because, let’s face it, that’s what it is. However, luckily for us that time is reducing in the last few years, other types of screen are taking over, and the Spanish are giving over more time to other activities. Let’s look at them in turn.
WORK LIFE BALANCE IN SPAIN SPAIN’S LITTLE SECRET FOR LIVING THE GOOD LIFE !
Family and Meal Time
Spanish families tend to be very close. The family meal is still pretty sacrosanct in the Spanish family and everyone will gather for the midday or evening meal and rather than just stuffing the food down, they will sit and discuss life, the Universe and everything and come up with the answer of 42.
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One of the activities that the Spanish enjoy most is the “Sobremesa” which is the period spent around the table after a meal shooting the breeze. They do it with family at home but even more so with friends while out. This is where the Spanish reputation for long mealtimes comes from. Not for them a ten minute sandwich at their desk, Spanish lunches can easily run to two or even three hours. That period in work after lunch between 5 and 8 doesn't tend to be quite as productive as a result.
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An extension of this is the weekend family picnic, barbecue or paella (In the Valencia region) If you are invited to one expect it to start at around 1pm and finish sometime after dusk (Even on the longest day of the year).
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Remember that Spanish families often stay very close geographically too so huge family gatherings involving all generations of the family are not only common but also the essential glue that binds the family together.
WORK LIFE BALANCE IN SPAIN SPAIN’S LITTLE SECRET FOR LIVING THE GOOD LIFE !
Friends
Time with friends usually revolves around cafes, bars and sports, often combined into one. The bars always have the digital TV subscription to the sports channels and whenever there is a big football match, basketball game, cycling tour, handball or any other event that the bars will fill with groups of friends to watch the game and harangue the referee while questioning his parentage. The weird thing is that the bars often empty totally as soon as the match finishes with no post match discussion (Tertulia) unlike other countries.
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Other activities with friends of course include meeting up for sports, whether that be tennis, padel, cycling, football, gym or whatever. Sport plays a large part in Spanish life as can be seen through the exceptional facilities that even most small towns have. Also you can view huge numbers of Spanish people keeping fit, jogging, doing Pilates or just generally showing off their new sports gear, they love lycra even if their bodies don’t, in any city park on any night of the year. The benign climate helps of course but sport is seen as a way to get out, enjoy yourself and meet others.
WORK LIFE BALANCE IN SPAIN SPAIN’S LITTLE SECRET FOR LIVING THE GOOD LIFE !
Activities
The Spanish are not as great culture vultures as they used to be, piracy of films is rife due to the high cost of cinema for example (21% VAT on ticket sales anyone?) and many, many cinemas are closing down all around Spain. Theatre is suffering in the same way with honourable exceptions and concerts are becoming fewer and fewer by the big artists as the local councils’ budgets for the fiestas have been slashed and therefore there is a different, more community emphasis within the fiestas themselves.
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Fiestas still rank high on the activity front and nobody would dream of missing the fiestas in their own town which of course are always the best in Spain. Most fiestas are organised well in advance, oftentimes during the whole year in advance and that organization starts the day after the previous ones have finished.
WORK LIFE BALANCE IN SPAIN SPAIN’S LITTLE SECRET FOR LIVING THE GOOD LIFE !
What’s the Point?
Well, Spain has just been named as the second best place in the World to live for Work Life balance, just losing out to Denmark in first place, those pesky Danes (See the table below) So despite the long working day the Spanish in general do know how to enjoy themselves and make the most use of their time when they are not working. And again Spain comes second in the life expectancy stakes just behind Japan’s Okinyawa province. The Valencia Region is considered by the World Health organisation to have the second best climate in the World.
So, the question is “When will you be joining them, and us, in living a better lifestyle?”
DEVELOPING PROPERTY IN SPAIN WHAT YOU NEED TO LOOK OUT FOR
DEVELOPING PROPERTY IN SPAIN WHAT YOU NEED TO LOOK OUT FOR Everything is cheap! You can pick up anything by offering 50% less than asking price, people will accept. Just turn up with some cash in your hand and you can buy anything! Property development in Spain is easy!
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All are wrong. All are rather stupid perceptions of the Spanish property market.
Finding the undervalued gem in Spanish real estate is not easy but it is possible.
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Let’s face it there isn’t a Spanish Property Market. (I have written about segmentation in the Spanish Property market many times before) There is nothing so homogenous as a Spanish Property Market as such. Every region is different, every town has its own local factors and every property has a story. Every person or entity (read banks) selling a property sells for their own reasons. Sometimes it is because they want or need to move on, sometimes there are money problems (especially for the banks ;-)), sometimes they are upgrading to their dream home and sometimes the seven year itch hits them and they just fancy a change.
DEVELOPING PROPERTY IN SPAIN WHAT YOU NEED TO LOOK OUT FOR The question however is how do you find the undervalued gem in Spanish Property? It is especially pertinent if you are looking for an investment property to flip or rent out with maybe the potential for capital gain in the future. So here are our tips for those people looking to find the below market value property in Spain that stands out like a sore thumb. There are various things to look for.
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Location
As always in real estate, location is king. If a property is in the right place then it will be good for renting out and also good for eventual sale or flipping. However location is not exclusive. If a property is in a good location then it is unusual for it to be well below market values unless you find one or more of the other reasons below in conjunction with it.
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Laziness
Presentation of property for sale is key these days and many people are too lazy to do anything to make the place look presentable, I won’t even mention the word impressive. If the owner is too lazy to even clean up, or even better has a diamond in the rough that they are either too lazy to modernize or cannot afford to modernize, then you have a good chance of picking it up for a below market value price.
DEVELOPING PROPERTY IN SPAIN WHAT YOU NEED TO LOOK OUT FOR Development ! You need to know what is going to be happening in the local area regarding planning and development. Is there a plan to put a new park opposite on the waste ground currently there? Is there a new sports centre going to be built? Will a huge tourist attraction or new shopping centre be opening soon? If so these are all things that can affect the future price and also the desirability of the property for rental and future sales.
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Lifts ! If you pick up a fourth or fifth floor flat without a lift (elevator to our American friends) is there the potential or plan to put one in? A lift in a building can double the value of a flat on the fifth floor very easily, however the effect on price of an apartment on the first floor is relatively negligible. Therefore if you notice that there is space to put in a lift and, even better, the community has discussed it and are asking for price quotations from installation companies then it might well be worth jumping on that fifth or even higher floor apartment as it has a huge price jump once the lift is put in.
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Modernization of the building ! If the facade of the building is looking tired and it needs work or painting then check out if the community have any plans to do anything about it before buying. If they have already started asking for quotes from companies to paint and make it look better then buying before the job is done and selling once finished may mean a much easier sale. Some facades are really beautiful but need a good clean up and painting. The clean look of a classical facade or a simple paint job can change the initial perception of the property for future buyers and tenants.
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Style
Is the place you are looking at tired, old, with 1950’s dark wood furnishings, an avocado coloured bathroom that cockroaches would shun, and even a kitchen that would shame the Young Ones? If so you may be able to make it a lot better for a small price.
DEVELOPING PROPERTY IN SPAIN WHAT YOU NEED TO LOOK OUT FOR Decoration costs little in Spain, bathrooms and kitchens are not expensive and all other modernization tasks can maybe get done for a lot less than you think. In many cases the apartment will just require freshening up if some of the other reasons given here are in place too then you can do a quick flip for profit.
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Walls
We are lucky that in Spain properties are built as they are. What does that mean? Well walls do not bear weight in a property in general. Pillars and beams bear weight so you can generally knock out a wall without putting the structural integrity of the building at risk (always get this checked out by an architect or buildings inspector but it is usually the case) This is important because traditionally Spanish apartments have lots of small bedrooms because Spanish families tended to be large in the past. This means oftentimes the apartments seem dark and airless. Opening out spaces and using the light that flows into apartments can give them a totally different feeling and put a lot of value into a property. A four bedroom property converted into a two bedroom one with large bedrooms and light will sell much better usually and that is totally counter intuitive.
DEVELOPING PROPERTY IN SPAIN WHAT YOU NEED TO LOOK OUT FOR Land ! If you are looking to buy a house as opposed to an apartment then the classification of the land can mean you are buying something that is undervalued. There are generally three types of land, rustic, urbanizable and urban. If you buy a house on urban land it will generally cost a lot more than a house on rustic land for the same type of house but sometimes you can find a house on rustic land that may have a lot of land and it is due to be converted into urban land in the local plans. If this is the case then you might be sitting on a potential future goldmine.
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However bear in mind there could also be an urbanization plan in place and the supply of tarmac roads, mains drainage, street lights, pavements and more will inevitably have a cost. The more land you have the greater this cost. When you have a large plot that cost could well be huge. However the land value on changing from rustic to urban classification is a huge difference and more often than not will massively overcompensate any cost. This is one to be really careful with though and you will need the money to pay for any infrastructure costs that may occur.
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The Four Horsemen of the Spanish Property Apocalypse
I have written a previous post about the four horsemen that you can see here. Take a good look. All of the above methods are opportunities but the best opportunities always come from others’ problems unfortunately. You can help people out going through death, disease, divorce or debt even if it seems from outside that you are just taking advantage of their misfortune. You are not. Read the other post well and then come back here for our conclusion.
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One More Thing – A Caveat
Remember though it is not as simple as finding a place and selling it a few weeks later for ten per cent more. If you did that you would lose money. The buying costs in Spain are high so you really need to find well below market value properties to even contemplate this. Once you do it though there are plenty of opportunities on the market. There is a system though and if you employ the tactics and look for the conditions detailed above then you will have a much greater chance of finding that diamond in the rough wherever you are.
Coming in April 2015
A great friend of the SPM, Caroline Angus Baker has set a trilogy of books against the background of Valencia. Take a look at all three and get hold of them at Amazon. Oftentimes there are excellent offers on them as part of Caroline’s continuing promotion ! Check out Caroline’s Author Page on Amazon where you can find all of her books so far and will be able to get the final part of the Valencian trilogy “Death in the Valencian Dust” in April 2015
THIS MONTH’S
PROPERTIES
MALAGA
157,900 Euros
info@Spanish-Property.net
APARTMENT IN BENALMADENA, MALAGA Furnished apartment with 4 bedrooms located in the residential area of Tivoli Park next to all amenities (supermarkets, shops, bars, restaurants, schools, bus and train).
! It is distributed as follows: Entrance hall, living room with access to the west facing sunny terrace, fully equipped kitchen and separate laundry room, 4 bedrooms and 2 bathrooms.
! The property in good condition with garage and storage included in the price. Very well maintained community with basketball, football court and pool.
! Built size 89,62m2. IBI 366,60â‚Ź per year. Community 81â‚Ź per month. Year of construction 1994.
THE SPANISH PROPERTY NETWORK
157,900 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
157,900 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
195,000 Euros
info@Spanish-Property.net
LOVELY FINCA IN CARTAMA, MALAGA OPPORTUNITY TO BUY A SECLUDED FINCA WITH 2 HOUSES ON THE PLOT. A Finca only 5 minutes away from Cartama Station with 2 houses distributed as follows: Main house on one floor: porch, spacious entrance hall, lounge, office, dining room with fireplace, fully equipped and renovated kitchen, 2 bedrooms and 2 bathrooms. Storage. Guest house on one floor: 2 large bedrooms and a bathroom. Flat plot and fully fenced with community water well, satellite dish, 3 septic tanks, swimming pool, garden seating areas. Barbeque and parking. Plot 2.500m2. Water tank of 3000 liters.
! IBI 305,88€ per year for the house and 18,32€ a year for the plot. Total built size 178,80m2 distributed as follow Main house 96,65m2, Porch 15,70m2, guest house 44,50m2, barbeque 4,30m2 and pool 17,65m2. Year of construction 2003. Location type: Countryside Views: Countryside, Garden, Green Zones, Hills, Mountains, Open, Pleasant, Surrounds, Very good
THE SPANISH PROPERTY NETWORK
195,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
195,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
799,000 Euros
info@Spanish-Property.net
FANTASTIC B&B OPPORTUNITY, IZNĂ JAR
Superbly Located Finca, Ideal as a Large Family Home or for a BED & BREAKFAST/ Hotel Rural, The Unique Elevated Position Provides Undisturbed and Panoramic views of Lake Iznajar and yet is a convenient, short drive to the Village of Rute and only Nine Kilometres from the Motorway. The Property Preserves its Authenticity and also Benefits From Full Refurbishment. The accommodation is distributed between the main house and two separate apartments as follows: Main house: Entrance into TV room/ snug, large and spacious living room with fireplace and large dining area, spacious and light fully equipped kitchen with a large pantry and utility room, currently utilised for extra fridges and freezers for the house. There are two double bedrooms and one bathroom with shower on this level. Upstairs: A long landing provides access to five spacious double bedrooms and three bathrooms, two of which are ensuite. There is an office and massage room which could easily be utilised as a further bedroom. Apartment A: Living room, equipped kitchen, three bedrooms and two bathrooms, one ensuite. Two bedrooms and one bathroom can be separated to provide additional privacy or varied usage of this apartment. Apartment B:Large living room with equipped kitchen and access to the balcony terrace. Double bedroom and bathroom. All of the apartment accommodation is in excellent condition and benefits from new fixtures and fittings, air conditioning and electrics and plumbing‌. REQUEST MORE DETAILS!!!
THE SPANISH PROPERTY NETWORK
799,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
799,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
595,000 Euros
info@Spanish-Property.net
MODERN VILLA IN MIJAS CAMPO, MALAGA RECENT REDUCTION FROM 695.000â‚Ź TO 595.000â‚Ź FOR A FAST SALE!! Modern style Villa with large basement, equipped with excellent facilities and benefits from location on a long established and well run urbanisation with a Local supermarket, a General Store and Restaurants within a 10 minute walk and is only 2km from the lively and attractive seaside town of Fuengirola. Villa in 3 floors plus roof terrace as follows: Lower ground floor with automatic gate, easily convertible into separate apartment. Currently arranged as parking space for 2 cars with separate Cinema room with 5 speaker sound system which can be variously used as a double bedroom, playroom or recreation area. Ground floor: spacious and bright living room with fireplace and double height ceilings with access to porch with dining area, fully equipped kitchen with access to porch, guest toilet, large laundry room, 2 double bedrooms with fitted wardrobes and a bathroom. Upstairs: Second Sitting room/library study with access to sunny terrace with open views. Large master bedroom with dressing room, access to sunny terrace and spacious bathroom on suite. Exterior: Entry of vehicles with automatic gate, elegant driveway and parking, swimming pool surrounded by terraces and low maintenance garden with automatic irrigation system, solar panels, electric shutters, fire alarm.
THE SPANISH PROPERTY NETWORK
595,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
595,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
475,000 Euros
info@Spanish-Property.net
DETACHED VILLA IN MIJAS COSTA, MALAGA A NOT TO BE MISSED INVESTMENT OPPORTUNITY!! 6 BED 4 BATHS!!! Villa with separate accommodation located within walking distance to the sea, bars, supermarkets, bus stops and restaurants. It is distributed in 2 floors as follows: House # 1 Top floor: Entrance hall, living room with fireplace and access to front patio with dining area and barbecue. Fully equipped kitchen. 3 bedrooms with wardrobes and 2 bathrooms (1 on suite). Sunny terrace overlooking the pool and gardens. House # 2 in lower floor with internal and external access: Separate lounge with access to the patio and pool. Fully equipped kitchen, dining area with access to the porch, 3 bedrooms and 2 bathrooms. Heated pool surrounded by terraces, pergola with dining table, barbecue and storage. Property completely renovated, sold furnished, with double-glazed windows and air conditioning. Plot 470m2. Total built size 266,99m2. Lower floor 132,75m2. Higher floor 134,24m2. Porch 18,41m2. Terrace 22,64m2. Pool 33,47m2. Roof 17,44m2. IBI 773,27€ per year. Community 50€ per month. Rubbish 149,85€ per year. Year built 1980 (fully renovated recently).
THE SPANISH PROPERTY NETWORK
475,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
475,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
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VALENCIA
89,000 Euros
info@Spanish-Property.net
STUNNING VIEWS FOR LIVING OFF THE GRID Family circumstances and various other issues force a sale of this property between Lliria and Pedralba with view to adore over the orange fields. Anyone able to complete quickly will benefit from a significant discount too. The basics once you arrive up the 1km track from the hearest tarmac road on a track through the orange groves are good. The house is on solar and generator and requires a couple more solar panels and batteries to be self sufficient mostly. The plot is 1440m2 with a house of some 114m2 including terrace to the front. The terrace with the uninterrupted views is the jewel in the crown of this property. Inside there are three bedrooms, large living/dining room with kitchen and bathroom. The property is sold fully furnished. There are two pools, a small dip pool and a larger pool requiring a paint and tiling. The plot is terraced on various levels and there are plenty of fruit trees and shade. One issue is the potential extra tax bill due to the catastral value and the low price. We will advise you about this if interested.
THE SPANISH PROPERTY NETWORK
89,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
89,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
89,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
425,000 Euros
info@Spanish-Property.net
IMPRESSIVE VILLAGE HOUSE NEAR TO THE CITY Charming village house with pretensions of grandeur set in the village of Alfara del Patriarca next to Moncada with metro service to Valencia and the large Catholic University right nearby. The basics are 4 bedrooms and three bathrooms but the whole in this case is more than the basic sum of its parts. The delusions of grandeur might well be more than delusions as there is a lot of excellently put together house here at a very good price and some Hollywood touches giving it a certain style and panache. Take a look at the photos and let us know what you think.
THE SPANISH PROPERTY NETWORK
425,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
425,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
425,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
285,000 Euros
info@Spanish-Property.net
EXCELLENT PENTHOUSE APARTMENT WITH POOL An excellent fifth floor penthouse apartment on the edge of Valencia near to the Norman Foster designed congress palace and just yards away from the new Valencia football ground when finished and the metro into the centre in two stops. This large apartment has two bedrooms, large living room, kitchen, two bathrooms and a huge 32m2 terrace overlooking wonderful gardens and parks that surround the development. There is an optional garage space and storeroom too. The buildings are about ten years old and are rare for Valencia in having the communal facilities which are widely used and looked after well. 24 hour security, children's play area and relaxing gardens give an excellent feel to the complex which is a short walk from all facilities and the centre of the city itself.
THE SPANISH PROPERTY NETWORK
285,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
285,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
285,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
170,000 Euros
info@Spanish-Property.net
WELL PRICED PENTHOUSE IN THE BEST CENTRAL VALENCIAN LOCATION Location is everything really and when you add a well appointed property to the location then you have a winner. This fourth floor flat in Valencia lacks just one small thing, a lift. However that is taken into consideration in the price because there is no doubt this would be priced at around 80k more if it were to have one. Two bedrooms, bathroom, kitchen and good sized living room with the essential outside space of a 12m2 terrace and also a roof terrace above with spectacular views over Valencia Cathedral and towers this apartment is a great place to live and also a sure thing for renting out if required. The apartment also has an optional garage space, they are rather expensive in this area but having a parking space in the centre of Valencia is rather cool
THE SPANISH PROPERTY NETWORK
170,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
170,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
170,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
180,000 Euros
info@Spanish-Property.net
WELL LOCATED RUZAFA APARTMENT WITH TWO TERRACES TO ENJOY At times a lovely place comes up at the wrong time. This is the wrong time for one client who has just left Valencia after a visit and cannot come back for a couple of months but for the rest of the World this may work very well. First floor with lift, this excellent and fully modernised apartment has the very unusual extra of having two terraces, one to the rear and one in the middle. They both get lots of sunlight and are fully usable at all times of day. Equally they mean that the apartment itself is very light and airy with a through draught that makes it an extremely liveable place at all times of year. Two bedrooms, a double and a single, the double having patio doors out to the middle terrace, an open plan living room with island kitchen and a storeroom on the rear terrace to be used as a washroom, this apartment lies in the heart of the buzzing area of Ruzafa just a ten minute stroll into the centre of the city. For those looking for a great place to live it could work but also for anyone wanting a place to rent out on short term lets, this could work very very well.
THE SPANISH PROPERTY NETWORK
180,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
180,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
180,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
159,000 Euros
info@Spanish-Property.net
REPEAT FROM LAST MONTH. QUICK SALE NEEDED AWESOME PLACE TO LIVE JUST OUTSIDE MONTROY A rather fetching and beautiful property with amazing views over rolling Valencian countryside, i.e, orange groves, towards Montroy and Montserrat. Now this house has a story, I sold it to the current owners a few years back now and they have absolutely loved every minute of their time in the house as evidenced by the fantastic care they have taken of it and improvements they have made. Unfortunately family reasons mean they now have to reluctantly sell and as a result they have placed it at a price that will be tempting for anybody looking for an excellent country house in the Valencia region. The main house has a large living area, three bedrooms, all doubles, two bathrooms, one of them ensuite to the main bedroom which also has its own terrace with stunning views, kitchen and hall. Outside there is the most perfect covered terrace overlooking the pool and views around the orange groves. There is a separate outside bathroom, paellero and triple bedroom and the plants that dot the garden, all fed by drip feed watering system, are verdant in the extreme. Hugely competitively priced with all amenities connected including fast rural internet and phone this property is a must view.
THE SPANISH PROPERTY NETWORK
159,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
159,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
159,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
JAVEA
349,000 Euros
info@Spanish-Property.net
QUIRKY FOUR BEDROOM VILLA IN JAVEA Lovely 4-bedroom villa with large private swimming pool and mountain views, situated in a cul-de-sac only 5 minutes drive from the Arenal beach. The accommodation consists on the main level of 3 bedrooms (1 with en-suite bathroom) and a further family bathroom. The spacious lounge has a log burning fireplace, dining area and an open-plan kitchen. Patio doors lead to an open naya overlooking the pool and garden. At the lower level is a bedroom, a bathroom and a storage room. The large pool is private and the garden is low maintenance. There is a carport and lots of off-road parking.
THE SPANISH PROPERTY NETWORK
349,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
349,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
1.95M Euros
info@Spanish-Property.net
AMAZING MODERN DESIGN VILLA IN JAVEA Stunning newly built five bedroom villa for sale in the Portichol area of Javea with amazing sea views from almost everywhere in the property. The villa includes a gym and a cinema room. The five bedrooms are the least of the important things in this architect’s wet dream of a villa. The open spaces, use of light and amazing views from virtually all of the rooms mean that this is a rather special property in an excellent location. If you are looking for a Spanish Property that is just a little special then take a look at this one. Imagine what you could do here and how you could live because simply put this is rather beautiful.
THE SPANISH PROPERTY NETWORK
1.95M Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
1.95M Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
695,000 Euros
info@Spanish-Property.net
INTERESTING REFORMED VILLA IN JAVEA Lovely three bedroom villa for sale in Balcon al Mar, Javea, with great sea views, superbly renovated. This property has been extensively renovated to give an excellent and warm home with great views and a feeling of comfort throughout. The property is sold at a price to create interest in an excellent area of the Javea region. The basics are below but the pictures tell much more of the story. Alarm system BBQ area Carport Central heating Close to amenities Double glazing En-suite bathroom Fireplace Fitted wardrobes Sea view Utility room Window shutters
THE SPANISH PROPERTY NETWORK
695,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
695,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
GANDIA
275,000 Euros
info@Spanish-Property.net
GREAT VALUE PROPERTY OUTSIDE GANDIA Villa Naranja is a delightful villa. With uncompromisingly fine views, it looks across the beautiful La Safor citrus groves to the sea – a panorama that is simply terrific! The villa was built for the current owners to their own design. This means that the villa is different form others around in that it is particularly spacious and well distributed. Indeed, it is a villa designed for full time usage as a family home. Villa Naranja benefits from having a lovely flat plot, within which is a superb swimming pool, the perfect summer kitchen (for all those dreamy Spanish evenings!) and plenty of shade (for those life enhancing days of sun thoughout the year). The property is in very good condition and could be moved into straight away with no further work necessary. So, here is your ideal Spanish home – just awaiting your arrival…
THE SPANISH PROPERTY NETWORK
275,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
275,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
149,000 Euros
info@Spanish-Property.net
CHEAP, CHEERFUL, LOVELY, READY TO MOVE INTO This lovely villa for sale on Monte Corona is ideal as a holiday home or permanent home if you want somewhere that needs no further work before moving in. On an established estate, the villa has wonderful views and is within 10 minutes drive of vibrant Gandia and the stunning, Blue Flagged beaches of La Safor. Light, airy and well appointed, the villa has two good sized bedrooms, a pretty lounge and a superb naya – designed for taking full advantage of Spain’s al fresco life! Meanwhile, you will be delighted by the lovely garden and pool area, which is nothing if not seductive. 2 bedrooms, bathroom, open plan fitted kitchen with stone worksurfaces, reception room with wood burning fire, naya. 8m x 4m swimming pool (fully pumped and filtered), garden with mature palms and flowering plants. Urbano and fully urbanised with mains water, gas, electricity and land line telephone with ADSL A very good price for a lovely property in a terrific part of Spain…
THE SPANISH PROPERTY NETWORK
149,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
149,000 Euros
info@Spanish-Property.net
THE SPANISH PROPERTY NETWORK
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Thanks for reading the latest issue of the Spanish Property Magazine. We hope you continue to enjoy what is a great amount of work each month as much as we enjoy producing it. !
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The Spanish Property Magazine is the reference point for the Spanish Property Network and the Spanish Residency projects. We will continue to provide you with excellent quality property and stories from Spain in the SPM every month of two.!
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