Various signals indicate that the porperty market in Spain is recovering. We at Villas & Fincas country properties have certainly noticed an increase of visitors on our website with over 30%, the actual inquiries on properties have gone up with an average of 25% comparing the same period in 2012. These increases are also reflected in the actual sales. The recovery is also confirmed by several of our collegues on the Costa del Sol.
Villas & Fincas News
In 2002 a new law (LOUA) came into place restricting building on the countryside in Andalusia. Although still not everyone is aware of the effects, this law has a major impact on building on rustic land (suelo no urbanizable). Over the years new specifications have been published, the last one in January 2013.
The 24th of May, the Spanish government has approved the draft of a law which facilitates the process of obtaining residency in Spain for non-EU investors. The main focus of this law is to boost the Spanish economy. With regards to the property market, residency will be granted to those who purchase a property over 500.000€.
If you own a country property or a villa in Spain, please pay attention if you receive a certified letter from the ‘ministerio de Hacienda y Administraciones públicas’ and notify your lawyer or gestor inmediately. Through areal photos the cadastre is ‘remeasuring’ and re-valuing property. In our case these ‘remeasurements’ were completely incorrect
Last Saturday the new regulation for energy certificates was published. Basically as from the 1st of June 2013, when building, selling or renting a house, a copy of an energy certificate must be shown to the prospective purchaser or tenant. Country properties form no exception to the rule although there seems to be an escape for holiday houses.
Although the forecasts for property sales in Spain in 2013 are a bit better then last years, it is still not easy to sell your house. We can imagine that vendors sometimes feel they have lost grip completely. Based on our experience over the last 3 years we would like to share with you 5 tips that will definitely improve the chance of selling your house.