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Archive for September, 2009

Apartments For Rent In Spain

Monday, September 28th, 2009

Spain is one of the most sought in European destinations in the world. Spain offers a myriad of attractions to the tourists of all ages. The tourism industry is one of the most flourishing industries in Spain, and has tourists visiting Spain throughout the year. You will never get bored while in Spain, as there are lots of amazing places to visit and endless exhilarating activities to engage in. The southern coast of Spain offers many surprises to tourists. Amazing landscapes, small yet lively and welcoming towns, great accommodation offers and lots of entertainment opportunities. Simply put, Spain can provide all the main ingredients of a vacation to remember.

As Spain welcomes millions of tourists every year, you can imagine that the tourism industry in this country is very well developed. Tourists are practically presented with endless opportunities in terms of both destinations and accommodation. Spending an amazing vacation in a truly amazing country is possible for every tourist, given the fact that the huge variety of accommodation opportunities caters to every need. You may not like or afford accommodation at a fancy hotel, but you can rest assured that you can still have a pleasant and enjoyable vacation in Spain. Spain apartments are a considerable part of the accommodation offers available all over the country, and the facilities they provide tourists with exceed those of many hotels in the country or in the whole world.

The Internet is a good source of information on Spanish apartments to rent. However, the variety of offers is sometimes confusing, so it advisable that you do a little research on the country and decide on a particular region beforehand. This will narrow down your search of Spain apartments for rent and make your task easier. On the other hand, there are many beautiful regions in Spain, and if you find it hard to decide upon only one of them, you can search for Spanish apartments to rent. You can look for specific features, such as a number of bedrooms, or proximity to the beach, and you will certainly find a lot of offers to choose from.

Spain apartments are a very convenient alternative to hotels. For starters, they provide more affordable accommodation with similar quality of service. Some Spanish apartments to rent are quite luxurious, with all the amenities you might need. Furthermore, certain Spain apartments are closely located to the beach or to certain points of interest in the city or town of your choice. Some Spain apartment complexes have security around the clock, as well as pools, gardens and parking lots.

Buying a Property in Spain

Tuesday, September 1st, 2009

Spain has been offering excellent property investments opportunities for over 3 decades with foreign investors, particularly the British, finding the Spanish property market immensely lucrative from the investment point of view. Spain is a popular second home destination among Europeans and if you are conversant in Spanish, there is really no better place to invest your hard-earned cash than Spain. You’ll experience some of the best facilities and high standards of living in Spain, which is an important factor as far as second home buyers are concerned. An estimated half million Europeans have already bought a property in Spain over the past 5 years!

First of all, it’s worth noting that you can find your property through agencies or private owners, known as “particulares”. An agency often has exclusive rights to a property, and will charge commission on the sale to fund their publicity of their properties. Prices in Spain are almost always set by the owners of the property, meaning some prices are over-valued, which can lead to problems when asking for a loan or mortgage to fund your dream. Haggling a price is often useless, especially in sought-after locations such as Barcelona and Madrid as well as some of the coastal towns or beach resorts.

Once you have found a property that you wish to buys, a deposit is paid – often a small percentage of the overall price, for this property to be taken off the market. This is known as giving “arras” which typically stipulates a time frame for the sale to go through. This can be anywhere between 3 months to a longer period, decided between the seller and buyer and a contract is signed by both buyer and seller. If the seller does not complete their side of the contract – i.e. if they fail to provide a date to sign over the property from their financial entity, the down payment given in the arras is lost.

Some new properties come with a package of a mortgage from a bank which has brokered a deal for the whole apartment block or urbansisation, for example. Otherwise, it’s up to the buyer to shop around and find the best conditions of interest and repayments over a period of time – often between 30 and up to 50 years, due to the high price of property in relation to minimum wage in Spain. Most banks will send round a “tasador” or an agent to value the property and give the current, correct market value of the property – a service which you will usually always pay for. Assuming the value is correct, or close to the estimate of the agency/asking price, the bank will give a percentage of this amount – rarely as high as 100%. Once the bank or other financial entity such as a building society gives a date of signing over the property, this date must be within the initial date stipulated in the arras contract. The day of signing of the deeds is done before a notary, often in the bank’s office, but occasionally in a notary’s office or the estate agents. Once a date is set, you can usually gain entrance to the property to take measurements, check anything that hasn’t been decided upon and start to build your new dream home in Spain!