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| pool, dream house, sun? (Picture: ze) |
SPAIN LIVE - In search of a nice apartment, a house or an apartment in Spain? Rent or buy? The range of objects is huge, prices tumble: On Costa Brava Costa Blanca and Costa del Sol, Majorca and the Canary Islands, Barcelona and Madrid - in quotes, there is currently no shortage. Especially, the rental accommodation is in Spain, has been bought out rather fashionable.
The falling real estate prices are a result of the financial and Wirtschaftstalfahrt in Spain. There is give an incredible number of portals, the houses or apartments. German, Swiss or Austrians have settled in Spain as an estate agent and provide their people with objects. English Agents have also adjusted to the big buying interest in Germany.
The construction boom has given way to a building crisis, which has channeled an estimated one million apartments and homes on the market. Not only buyers will be advertised with high discounts and special offers - discounts the way to approach with which the overly exaggerated prices of previous years, finally back to reality.
Even tenants who are long time in Spain were the great exception, are suddenly welcome. For builders and banks in distress suddenly let you. Because this is always better than remain seated on an empty living room.
But watch out for leases: They are in Spain Years period and automatically renewable for four years. In these five years may increase the rent only at the cost of living index (usually between 2 and 4 percent per year).
but then the landlord can put a whole new contract and demand a much higher rent. There are exceptions, but usually without the landlord, especially for apartments in good locations, often to the opportunity to raise their rent receivables strong.
shooters can not Mietsprung before this one. Perhaps that was an explanation for the preference of the Spaniards to buy their apartments for far better. And it was at the cost, for decades to be in debt.
now mainly offer English savings banks, which sit on a huge mountain of real estate companies bankruptcies and bankruptcy rates, interest on hire-purchase options. In this model, first, the object can be rented. If you want to buy later, the rent paid is deducted from the purchase price.
Warned will purchase before the supposed bargains, a part-time right to a holiday apartment (timeshare). This buy many different holiday together an object and have the right to spend two or three weeks a year there. This model is used primarily in the tourist resorts in the Canary Islands and the mainland of Spain's Mediterranean coast like being marketed, and it is usually a bad deal that brings more trouble than pleasure.
Many of the timeshare or holiday club fraud and housing rights are literally spent the last years, the investigating authorities. Nevertheless, even tens of thousands of foreign tourists to this scam, which is still used like fallen, and have set this way a lot of money in the sand.
Absolutely recommended to be aware of the consequences when buying a property well to seek professional advice and above all to rush anything. What to reason, real estate and taxes or fees of notaries obtained, and what financial design options are there to get away as favorable as possible, to many lawyers and Gestorias (legal advice) have specialized in Spain.
Clementine Kügler
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