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Henry Ford once said that when you hire people who are smarter than you are, it proves you are smarter than they are.
(1) Experience & Education: Why not hire a person with more education and experience than you? You don’t need to know everything about buying and selling properties if you hire us.(2) Neighborhood Knowledge: Agents either possess intimate knowledge or they know where to find the industry buzz about your neighborhood. They can identify comparable sales and hand these facts to you, in addition to pointing you in the direction where you can find more data .
(3) Price Guidance: Contrary to what some people believe, agents do not select prices for sellers or buyers. Selling agents will ask buyers to weigh all the data supplied to them and to choose a price. Then based on market supply, demand and the conditions, the agent will devise a negotiation strategy.
(4) Market Conditions Information: VILLASVALENCIA can disclose market conditions, which will govern your selling or buying process.
(5) Professional Networking: VILLASVALENCIA Agency network with other professionals, many of whom provide services that you will need to buy or sell.
(6) Negotiation Skills & Confidentiality: We are top producing agents and negotiate well because, unlike most buyers and sellers, they can remove themselves from the emotional aspects of the transaction and because we are skilled.
(7) Handling Volumes of Paperwork: Today’s purchase agreements could run upto 10 pages or more. That does not include the locall- and state-mandated disclosures nor disclosures dictated by local custom.
(8) Answer Questions After Closing: Even the smoothest transactions that close without complications can come back to haunt. Many questions can pop up that were overlooked in the excitement of closing. We don’t leave you in the dust to fend for yourself.
(9) Develop Relationships for Future Business: Few agents would survive if their livelihood was dependent on consistently drumming up new business. This emphasis gives VILLASVALENCIA strong incentives to make certain clients are happy and satisfied. It also means that an agent (VILLASVALENCIA) who stays in the business will be there for you when you need to hire an agent again. We
will periodically mail market updates to you to keep you informed and to stay in touch.
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“UNTIL THE CONSTRUCTION SECTOR RECOVERS NO ONE CAN SPEAK OF A REAL ECONOMIC RECOVERY IN SPAIN” It is a Spanish prophecy with the weight of this key sector, the locomotive in the economic cycle of the boom years in Spain.
For the first time in 7 years we are beginning to experience those symptoms of recovery.
The sale of homes in the Valencia region grew 20 % , relieving of stock and granting of new licences for the first time since 2006-2007, also refurbishment works are spurring the building industry and refurbishment jobs have gained ground on new building construction and stands at the spearhead of the recovery in the constrcuction sector.
Viewed holistically these figures are living proof that a new slow but sustained recovery tendency is predicted for many months. Also, it is interpreted that, in good measure, this increased activity is due to the growing interest of international investors in the Valencia-Alicante area. Spain has learned the lesson from the past years to never embark on another property boom…!
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– 6-12 July
—————- After five days of intense racing, the British boat Ngoni, property of Tony Buckingham was crowned 2014 Soto 40 International Class champion, after achieving a second place in the last race in Valencia. Noticia IV – Burriana Nova, property of Luis Martín Cabiedes finished second position, followed by Pedro Mendonça’s Bigamist.
After 10 races, the British boat finished top position overall with 27 points. Noticia IV, the only one with chances to the crown, ended seven points behind, while Bigamist finally overcame the Portuguese boat Uon and achieved the first position of the podium. John Kostecki, tactician of the winning boat, said: ‘It’s nice to win a world championship! Today it was a good race for us, the guys and the boats did a nice job all week and it’s nice to win. The hardest part is getting good results consistently. It was a tricky good fleet, everybody is very good in this fleet so probably the most difficult part was getting consistent and good starts at the start line. The race area was excellent, it’s a very nice race course. I’m familiar with it from America’s Cup sailing and so is a lot of our crew, so it was fun to be back on that course and it was great sailing’.
The 2014 Soto 40 World Championship was held on July 6-12at the Marina Real Juan Carlos I (Valencia, Spain), place that held two editions of the America’s Cup. The competitors were Alegre (IVB), Bigamist (POR), Earlybird (GER), Glen Ellen XXII (FRA), Ngoni (GBR), Noticia IV (ESP), Santander (CHI) and Uon (POR). We’d like to give our thanks to the Ayuntamiento de Valencia that helped us through the Fundación Deportiva Municipal, as well as the Real Club Náutico de Valencia and the Marina Real Juan Carlos I.
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The British Embassy in Madrid has issued a warning for British nationals wanting to renew or obtain a British Passport that they should not leave their application too late, for their flight to Spain. – The Passport Office took over the processing of all applications from British nationals. As part of the transition, the Embassy in Madrid ceased to handle applications last year. – If you need a new British Passport son..(!)..don`t leave it until the last minute. You can make your application upto 9 months before expiry of your current Passport and the remaining validity time will be carried over to the new document.![Mywalit_Passport_Holder__57273_zoom[1]](http://villasvalencia.com/wp-content/uploads/2014/06/Mywalit_Passport_Holder__57273_zoom1.jpg)
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VALENCIA: Spanish club Valencia has confirmed that Singaporean entrepreneur Peter Lim is their new owner.
Lim, the owner of Meriton Holdings Ltd, was announced as the majority shareholder following a Valencia CF Foundation board of management meeting between trustees yesterday.
The proposal was unanimously backed by all the club’s 22 board members.
Lim, who outbid four other contenders, including China’s richest man property tycoon Wang Jianlin, is expected to begin his new duties immediately.
Valencia said the plans Lim proposed offered “the best project” and that it was “most suitable to give a great future to Valencia CF”.
“The board also wishes to congratulate all their fans for their patience, commitment and behaviour in recent months,” they added.
Lim had bought over 70.4% of the shares owned by the foundation of the club which has some 300 million euros in debt.
Valencia last won the Spanish football title a decade ago and is 10th in La Liga.
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Spaniards are among the happiest citizens in the world, according to Eurostat. Spanish people are said to be just as joyful as residents in Scandinavian or central European nations whose gross domestic product per inhabitant is more than 30 % higher than Spain. The level of satisfaction of Spanish interviewees for the survey for 2011 sat at 7,5 points out of 10 – above the European Unión average. This makes Spain the 7th country on the list of 28, after Denmark, Finland, Sweden, Luxembougrg, Holland and Austria.
Spain also has the highest Life expectancy.
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Spain
The positive economic outlook for
2014 has improved international
investors’ confidence, putting Spain
back on their investment maps. In
2013, the investment volume was
slightly over €2.5bn, an increase of
12% year-on-year. Cross-border
investors made up almost 80% of
the total, a strong growth compared
with the average of 40% in the recent
years. Most of these are European
and had been active players in the
market before the crisis. Among the
newcomers, big fortunes from Latin
America deserve a special mention.
The largest deal of the year was the
acquisition of almost 300 Sabadell
bank branch units by Fibra Uno
(Mexico) for €300m.
The retail segment concentrated once
again the largest share of the total
investment volume. After two years
around 30% it was close to 50% in
2013.
The prime assets in each market
segment are the more demanded
products, but also the least available
ones. This situation could push the
yield levels down, in any case they
would still remain above the European
average.
source: Savills European Research
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Valencia
had lowest rainfall since 1863. The months of February and part of March light
rain has done little to calm concern over the fact that this winter has seen
85%less rainfall than usual. Constant warm winds blowing in from the west and
the recurrent high temperatures registered in the area have resulted in the
driest period since record began in 1863. Experts from Valencia University have
revealed that between the beginning of September and now, the Valencia region
has received less rain than traditionally arid areas such as the Canary
Islands.
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The increase in the sterling/euro exchange rate over the past few months has been welcome news to potential overseas buyers as the pound in their pocket goes further. Borrowing in sterling may be easier and cheaper at present but if the euro continues to fall, a loan in sterling could wipe out any potential gain made in the value of the property, as the relative value of the debt against the property (sterling converted to euros) would increase. The worse case scenario would be that you could owe more in sterling than the value of the property in euros. Banks lending in euroland will generally only lend in euros because of this risk.
Matching the currency of the property and the debt can offer some protection against exchange rate movements. If sterling continues to strengthen, the monthly cost and balance will fall in relative sterling terms. With very few exceptions, UK High Street lenders cannot take a charge on property overseas. A further benefit of using a retail bank in the country where the property is located is their local knowledge. The lender will carry out their own valuation on the property, giving you independent reassurance that you are paying a reasonable price.
How easy it is to obtain mortgage finance depends largely on location and nowadays will always be full status, with banks basing income on tax returns and applying their affordability criteria.
The competitiveness of interest rates tends to be determined by how many lenders are offering mortgages. Where competition is limited – or worse still where there is only one lender – the rate may be higher and there may only be one product. Fixed or capped rates are likely to be a wise move while base rates are so low, but these are not readily available in every country. Switzerland offers fixed products up to a maximum of fifteen years and US mortgages are often fixed for five years or longer.
Lending in Spain is challenging as there are far fewer lenders than in the past and products tend to be limited. These products are often simple variable trackers with comparatively high initial pay rates.
Research in advance is vital to finding out what your mortgage options are. Before you visit a property you can obtain a decision in principle from a lender or specialist broker, confirming how much you can borrow and on what terms. A decision in principle is not binding and is subject to the valuation of the property, but will help put a potential purchaser on an equal footing with a cash buyer.
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LEGAL NEWS
Pros and cons of short and long term rentals under the new law
The recently approved Tenancy Act makes several important changes to earlier legislation.
These changes include the obligation to have the new energy performance certificate and a reduction in the legally mandatory rental periods. We will analyse the advantages and drawbacks of leasing a property for more than five years or less than one.
In this regard, it is important to remember that under the new law legally mandatory rental periods will be shorter. Up until now the legally mandatory rental period for long-term rents was five years, but it has now been reduced to three years. After these three years have expired, the contract may automatically be renewed, provided both parties are in agreement, and this tacit renewal has been reduced from three years to one year.
Tenants benefit from this change since they can vacate the property without being penalised. However, it may lead to insecure tenancies, as landlords can terminate the contract after the first three-year period has finished.
This new law therefore makes it easier for tenants to vacate the property, and also makes it easier for landlords to regain possession of their property if they need to.
Landlords also benefit from the new regulations because they will be able to regain possession of their property if they need it either for themselves or for an immediate family member, provided that the contract has been in force for at least one year, and they give the tenant two months´ notice.
One of the drawbacks for landlords is that their rental income is not as secure as it was as tenants can vacate the property without being penalised, provided they give two months´ notice.
The aim of this new law is to make the property market more flexible in order to stimulate supply and demand.
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The property market prices stabilise and slowly begin increase again. To buy now may finally have a positive answer. The latest figures -Summer Autumn- show an increase of about 1 % compared to the previous quarter. This adds to the fact that the number of property sales made in Spain also increased 2 %. There were 76.800 transactions over 3 months. The Costas leading the recovery. “A Place In The Sun” – Buyers confirm that now is the time to buy. Experts say the figures released this month show, time has come. Foreign buyers were involved in 12 % of all the transactions with British Buyers making up about 14 % of the new foreign home owners followed by French 11 % and Russians 9 %. So far this year, over 330.000 property transactions have been made in Spain.
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