The Property Pack!
Before I moved from the UK to Spain, I heard about the intended introduction of the ‘Property Pack’. It all sounded like too much paperwork and another extra piece of red tape in the process of selling a house.
I now see myself once again involved in the property market as I live in Spain. May 2008 sees the introduction of the same ‘Property Pack’ here in Spain. Instead of seeing the pack as a hindrance I see it as a god send…It provides a lifeline to those people who have a legitimate property… As opposed to those that have been saddled with an illegal build.
The media have found great joy in reporting on televising, radio and in the newspapers, about the demolition of property that has been deemed as illegally built. Whilst you cannot fault the Spanish for upholding their laws; their actions have often caused severe repercussions for the property market.So here is where the property pack pays dividends… Each and every estate agent cannot sell a property without having all the legal documentation for that property. If the property is an illegal build then they cannot secure all documentation.
What this means therefore is that the property market is more secure. The reports by the media of illegal builds crippled the overseas investment in property. Now this property pack introduces a secure measure to introduce confidence back into the market.
Brits, Germans, French and the Danish are all great lovers of Spain and have in the past 20 years have contributed to development of immense proportions. Today a lot of those newer developments are only part finished as the property slump takes full effect.
However for the shrewd property buyer… A small injection of confidence will improve the market, but buying property in the summer of 2008, before the market regains its confidence; will see up to 50% discounts on purchase prices as sellers need to sell their properties.
Should you be in a position to buy property in Spain, I would be privileged as a ‘property finder’ to discover your dream home. From Villas over a £million to Finca’s ready for re-development at £50,000 we can find exactly what you need. Please follow this link and register your interest. Thank you. Spanish Property for Sale Majorca Tenerife Costas Inland Spain
Related links.
Villas in Spain
Property in Spain
Properties for Sale in Italy
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Buying real estate is a complicated process that you do not want to mess up with. It is going to be the most expensive purchase you make in your life. Therefore, make sure you are well educated and understand the entire process.
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