property in spain

Spains days of property boom have collapsed leaving many people with property they simply can not afford to keep. The result of this means prices have plummeted.

Apartment prices have been very heavily hit. This is because the building boom in Spain, flooded the market with over priced apartments that were bought for the buy to let market .The buy to let era has now left many properties without tenants and owners are looking for quick sales.In many case selling the property for less than the purchase price.

Many Spanish fincas (farm house)have also de-valued in price due to bad publicity on TV programs like House Trapped in the Sun showing families having their properties demolished by local town halls. The reason behind this was that before the Law changed in 2002 if a property was built illegally the owner could get a certificate of antiquity after the property had been completed for 5 years .Many Spanish builders carried on building without the proper license after this period and the town halls are catching up with them. A good Spanish solicitor will be able to tell you if a property that you are interested in is Legal or not. Most estate agents in Spain will not take on a property now if all the paper work in not in order.

Buyers are slowly starting to return to Spain with property now back at similar price to that of 2000. propertys in Spain are now at now very affordable prices.There is no better time to invest in an affordable property in Spain.

Spain has many estate agencies which typically charge between 5-7% commissions on the sale of the property ,

You can also look at private ads in newspapers which will be full of property rentals and sales .

The Surinenglishhas many properties and estate agencies in and around the Costa del sol area.

Also get to know the area that you are buying in. Search town hall website and look on Google maps for more knowledge of local areas:álora, Cartama,Coín, Alhaurin, Malaga, Mijas, benalmádena

Swingles Casas S.L now has property in Spain for sale at very affordable prices.and very low commissions.