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Don’t panic Mr Mannering” was the cry in Dads army (the British comedy about the home guard) when the Germans were invading! Well the Spanish may well have to shout “no se preocupe mi amigo los británicos están llegando de Nuevo”  in short ” “don’t panic the Brits are coming“!!

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It would appear we could be at the beginning of a “panic buying” situation if these figures continue to grow at such a rate, it would be sensible to speak with a UK agent to perhaps understand what’s going on! We recently reported that on the Costa Blanca the statement that “there is a shortage of available property” may have been difficult to digest but as nothing has been built for 5 years and the demand rising….no suprise in excess of 50 new developments are in progress on the Costa Blanca.

 

The latest report by the Times last weekend highlighted that overseas property sales to UK buyers are up by a huge 84% in Spain and 65% in France. In what is a snapshot from Currencies direct it is more evidence to the fact we Brits still have a passion for Spain.

 

So are buyers now faced with the dilemma of location v price? or resale or new technology build? Interesting one, communication is required, deals are still available but a lot of what was built in the boom period is in shall we say less than desirable locations.

 

Your Place in Spain the Spanish property specialists have a passion for all things Spain and offer clients a service that helps maintain that passion without forgetting the key things that make a smooth purchase. Their clients receive a portfolio of available property that fits or gets as close as possible to client’s requirements, so the client is looking at property they want to see not what someone wants to show them!

 

Should the client wish to purchase ,that process is smooth using local expertise with no surprises for the buyer.

 

With available Spanish properties on the Costa Blanca, Murcia, Costa Almeria and Marbella it is reasonable to accept they will have a dream home for everyone! Talk to them today on 0161 870 2276 or visit www.yourplaceinspain.com

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Along with ‘Your place in Spain’ Manchester’s very own Spanish Property showroom, Evuna NQ a Spanish tapas bar/restaurant is a welcome addition to the already existing Spanish restaurants in the city.

A visit is well worth while and a place where clients of ‘Your Place in Spain’ would experience a similar ambiance to any busy tapas bar in Murcia, Marbella, Almeria or the Costa Blanca.

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The décor is suitably dark wood, an authentic furniture style, candles and subdued lighting as well as a lively chatter creating a typical Spanish tapas environment. The food was as expected it was delicious, you can see my review on Trip Advisor using the following link http://www.tripadvisor.co.uk/Restaurant_Review-g187069-d4611205-Reviews-Evuna_NQ-Manchester_Greater_Manchester_England.html.

Book to avoid disappointment

The restaurant was full not surprising as word travels fast about good eateries but that isn’t the only place that is getting a lot of attention, just as it appears where the Spanish property market is concerned, enquiries are up, planned visits after holidays back to Almeria, Murcia or Marbella to view available property are up and there are still great deals to be had in all locations from the Costa Blanca right down and round the coast to Marbella, check out www.yourplaceinspain,com see what’s on offer or send us your requirements from the web site and we will do the rest.

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Information highlighting the ‘stabilising of the property sector’ from the Bank Of Spain has been released, stating that property sales to foreigners are performing especially well, also with recent statistics released by the Ministry of public works showing that prices are beginning to mellow out, with only a 0.5% decrease between the last quarter of 2013 and the first quarter of 2014.

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The Spanish property market is still one of Europe’s cheapest options for purchase, ahead of France & Italy. It would appear the project, ‘Paramount theme park’, is beginning to gather momentum. It was stated last week that Central government had got involved with fundraising for the project and requested 17million euro to get the project underway from the European Foundation for Regional Development.

With the airport at Covera ready and waiting to become operational, it appears that both projects need each other and this request for funding may not have necessarily been made if the two projects were not being looked upon favourably by those that will be involved in the final decision making process.

The start of the project seems to have been on the agenda for years, but if the sound bites are correct it could be a lot closer than in previous years, the projection of attracting 3 million visitors a year and creating circa 23,000 jobs is contributing to the bigger picture that Spain continues to recover in the construction sector faster than any of its European counterparts, the demand is back Any consideration for buying in the Murcia & Costa Blanca regions now, based upon this information, could be a good move!

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The Spanish banks are back in the game and are now actively looking for business, just as in the UK the Spanish market needs to have learnt its lesson to ensure no repeat of the banking actions that contributed to the crisis that saw many suffer in 2007.

The information coming out from the respected institutions suggests Spain is on a road to recovery somewhat akin to the media output in the UK about its recovery, partly confirmed to a large extent by the fact that there are in excess of over 50 new developments underway in Costa Blanca alone!

So mortgages are available (subject to criteria) Your Place in Spain have teamed up with a long standing organisation named Mortgages Directa based in Spain, they can offer a variety of products for clients wishing to buy with a mortgage for their Spanish property.

With prices at the current levels it would seem a mortgage is a more than reasonable option to which any possible rentals could contribute to its repayment and should be a consideration for any buyer.

You have the peace of mind knowing also that the Spanish banks have done the necessary checks about the land and the quality to offer their money to mortgage borrowers.

You can access the mortgage calculator at www.yourplaceinspain.com scroll to the bottom of the page, click on the Md logo, once on the site you can establish a monthly payment entering the amount to borrow (usually 75%) the interest rate (currently 2.5% above Euribor which is 0) and how long you want to have the mortgage. The information should give you an estimated figure that will be close to what the actual and correct figure will be.

As with all financial actions, care needs to be taken to ensure all that is in place to support the application is sufficiently stable, therefore maximising the enjoyment of buying your Costa Blanca apartment or Villa in Murcia.

A full range of frequently asked question are listed on the site and a contact option, of course Your Place in Spain will answer any questions they can for you.

If a Spanish mortgage is something that interests you then please talk to us first. It is always wise to receive some estimated figures before taking your interests to the next level; after all you don’t really want to be rushed about having to take an option after agreeing to buy your Marbella apartment do you?

As with all mortgages your property is at risk if you don’t keep up with payments. Please be advised the figures used in this information whilst aim to be accurate, are for guidance and actual costs & figures would be supplied by the relevant experts.

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