Category: Economy

The property market on the Costa Blanca after the coronavirus

How will the property market on the Costa Blanca be affected after the coronavirus?

In these difficult times, many of our clients ask us how the coronavirus will affect the property market on the Costa Blanca in 2020-2021.

Although there are more urgent problems such as people’s health and the terrible number of daily deaths from Coronavirus worldwide, people cling to something positive and continue to dream of buying a property on the Costa Blanca.

Finally good news, the Spanish Prime Minister announced that from next July 1, 2020, international buyers and tourists will be allowed access to Spain with all security measures.

The initial economic impact this coronavirus is having is important for most of our real estate and tourism sector and the relationship with how the pandemic will affect the real estate market and house prices in the north of the Costa Blanca / Marina Alta .

When talking to other real estate agents and following the different economic reports published about our sector every day, all experts agree that the prices of newly built homes are not going to rush down in coastal areas, the current proportion of homes New construction is below demand.

The current supply of plots is scarce and we do not have a large stock of newly built homes, the product that is under construction corresponds to the 2020-2021 plans and the builders have started to send us the information of the promotions for 2021. 2022.

All the builders continued with the planned works, they only stopped working two weeks by order of the government.

Of course, we are currently selling fewer houses because customers cannot come … but this will not translate into a drop or a rise in prices, perhaps second-hand homes that are over 25 – 30 years old are going to go down and only in certain areas, there will be no global drop in prices unlike what happened in 2008.

The prices of all the new constructions we have remain the same as before the pandemic … and are not expected to increase … all the constructors have kept their prices …

I hope this explanation is useful to you, we always talk with reliable data and information …

Properties for Golden Visa Spain

Properties for Golden Visa Spain

Properties for Golden Visa in Spain

Since September 27, 2013, non-EU citizens also have the opportunity to apply for a residence permit in Spain, with which they can move freely in 27 countries of the Schengen area. To do this, they must invest at least 500,000 euros of capital in properties in Spain.

Amounts exceeding EUR 500,000 can be guaranteed through guarantees. The residence permit is also valid for the spouse and minor children, as well as for the parents of the investor.

How does Holidaydream Homes Costa Blanca help you?

Holidaydream Homes Costa Blanca Real Estate sells luxury real estate throughout the Costa Blanca in Moraira, Benissa, Dénia, Jávea, Calpe, Altea, Benidorm, Polop, Finestrat and surroundings.

We advise our clients on:

What real estate investment? – We will look for you and advise you in the process using our knowledge of the area and the best properties for you.

Application process: We collaborate with specialist lawyers during the complete application process for your Spanish gold VISA, while you obtain a Spanish tax number, open a bank account in Spain, transfer funds and others. Everything you will need to complete the purchase process and meet all the needs to request the GOLDEN VISA.

After-sales services: We provide continuous service or help you find reliable suppliers for the services you need.

Holidaydream Homes Costa Blanca, the trusted real estate agency for the purchase of luxury real estate in Spain.
Please feel free to contact us without any obligation.

We are eager to help you write your new chapter in Spain!

Steps to buying a house in Spain

Étapes d’achat d’une maison en Espagne

Steps to buying a house in Spain

Author: Holidaydream Real Estate

 

In Holidaydream real estate / estate agents our aim is to make your purchase as easy and hassle-free as possible.

Please be careful, many of the locals & foreign estate agents in Costa Blanca just want sale and the commissionafter sale they do not want to know anything and they ignore you, leaving you helpless.

“That’s not how we work”.  We offer and we handle all the steps involved in buying a home in Spain.

We live here, we are from here and we are professionals, we work with the best notaries, lawyers … in the area.

All without further expenses for you, we do all the management.

Control documentation homes before starting any procedure of sale

We prepare contracts of sale

We help get the NIE number and open a bank account in Spain

We prepare the public deed at the notary.

We assist and accompany the day of Notaría

We help you rent your home

We recommend the best professionals for the maintenance of your home (Builders, Gardeners, Architects)

What are contracts Arras / Reserve housing?

What are contracts Arras / Reserve housing?

What are contracts Arras / Reserve housing?

What are contracts Arras / Reserve housing?

Holidaydream real estate news

The Arras / Reserve contract is a private contract where the owner and the buyer agreed between through a document subject to the sale of goods or property through the delivery of an amount of money (signal) to ensure that such property / property is Reserve for that same buyer. It is a type of pre-contract.

There are three types of contracts:

CONFIRMATORY ARRAS / RESERVE

The buyer delivers an amount as proof of the conclusion of the contract or guarantee of its execution that will be subtracted after the final price. If one party fails, the other party may claim compliance with the contract or its resolution and compensation for damages.

PENITENTIAL ARRAS / RESERVE

Also called withdrawal. Either party may withdraw from the contract, being the only type of these contracts that allows it. If it is the buyer, you will lose the delivered amount. If it is the seller, then you must return the amount you have received in duplicate.

PENAL ARRES / RESERVE

The compliant party has the option of demanding compliance with the contract, with the corresponding compensation for damages, which must be proven by the party whose expectations have been frustrated, or resolve the contract where the damages are a penalty.

In case of non-compliance, the debtors may have to be returned doubled, but unlike the penitential ones, only if the parties have agreed.
It is very important to have these concepts clear if you sign a lease agreement, both by the seller and the buyer and both must know their rights and obligations.

Foreign residents in Spain in exchange for real estate investment

Foreign residents in Spain in exchange for real estate investment

Foreign residents in Spain in exchange for real estate investment

Foreign residents in Spain in exchange for real estate investment

Holidaydream news

The Spanish Government established a couple of years ago in the Law of Entrepreneurs the granting of a visa to those foreigners who make real estate investments (among other possibilities) in our country.

These acquisitions refer to the purchase of real estate with an investment equal to or greater than € 500,000, which has allowed hundreds of foreign citizens to obtain the residence visa and establish here legally after making such investment.

Since 2013, more than 20,000 visas have been processed.

On the other hand, due to the new facilities granted since the middle of July 2016 with respect to the residence permit, there has been an increase in the granting of this visa, since now they are also granted to the families of the future resident.

Steps in the purchase of a property in Costa Blanca

Steps in the purchase of a property in Costa Blanca

Holidaydream Estate Agents

In Holidaydream Inmobiliaria we offer and we handle all the steps involved in buying a home in Spain.

Holidaydream News

Control documentation homes before starting any procedure of sale

We prepare contracts of sale

We help get the NIE number and open a bank account in Spain

We prepare the public deed at the notary.

We assist and accompany the day of Notaría

We help you rent your home

We recommend the best professionals for the maintenance of your home (Builders, Gardeners, Architects)

Or if you prefer legal representation (Legal Services), we present the best professionals in the area