Real Estate News Hondon Valley, Costa Blanca South, Spain
The Local Trusted Hondon Agent
Hondon Villas S.L. will help you buy or sell your Spanish property in the Hondon Valley, inland Costa Blanca, Spain. ONLINE or IN PERSON!
We have lived and worked in this area for 15 years. Our local knowledge, professional AIPP standards (5 years in) & over 30 years in Real Estate have made us the top selling agent in the area. Beware of the inexperienced & non-locals is our advice.
With over 2 million website visitors (@May' 2020) to our main website & counting & a LOCAL HONDÓN OFFICE in FRAILES we are the only local agent to offer hi-tech videography, pro standards, experience and personal service with the LOWEST FEES to exclusive clients!
We help you buy or sell luxury Spanish villas and country homes in the beautiful, quiet and rural Hondon Valley and La Montañosa areas, Costa Blanca, Spain.
You can search for villas and apartments in Hondon de las Nieves, Hondon de los Frailes, La Romana, Macisvenda, Aspe, Alenda Golf, Fortuna and Albatera near the Hondon Valley.
Our Estate Agents are available by telephone, in-person or email: +34 683 635 339 or email property [@] hondonvillas.net or visit our main websites for our latest properties. > www.hondonvillas.net.
Our main office is in the Hondon de los Frailes central Plaza: open Mon-Fri and by appointment at weekends.
We look forward to meeting & helping you find your dream home in the sun!
Alicante (INTERNATIONAL), approx' 14 miles
Murcia (INTERNATIONAL), approx' 40 miles
Valencia (INTERNATIONAL), approx' 84 miles
Hondon Villas S.L are pleased to bring on to the market this Exclusive Listing in the much sought after location of Hondon de los Frailes, Hondon Valley. It is priced to sell at offers around €164,950.
This 3 bedroom, 2 bathroom detached villa has a private swimming pool, garage and wooden chalet and great views of the valley.
Many property buyers and sellers and the general economic “experts” have been asking will the current Covid-19 crisis adversely affect the Spanish property market and house prices?
Well the short answer is YES the market will change, it already has, but of course we are entering a “new normal” right now so predictions can be wild. After all we have a moving target. What about the Hondón area?Please read this to find out more…
At Hondón Villas we endeavour to keep abreast of the Spanish property market & house prices. It’s helpful to be able to advise our clients. The data and reports we look at are varied and from quite a few sources, such as property portals and official government stats. These, are of course, a few months retrospective, usually quoted as annually or quarterly. Nonetheless, they are a good indicator.
The Spanish Property Market Late 2019
The market reports surfacing now are for Q4 2019 / earlier this year (pre-Covid-19). They all pretty much show the Spanish property market had a positive line with overall, an average 3~5% increase in property prices across the country. Here are a few highlights. (c/o Spanish Property Insight).
Kyero.com says Spanish house prices are down for Q1 2020 already. They report the average price of a Spanish property is €249k, down from a figure around €270k at the end of last year. That’s nearly an 8% reduction. We can’t attribute this wholly to the current pandemic though.
The Ministry of Public Works (Fomento) +2.1% in the last quarter (Q4), based on official valuations
The National Institute of Statistics (INE) index +3.6% in Q4, based on data from the Land Registry
The Spanish Land Registrars’ Association +7.2% in Q4, using their ‘repeat sale’ methodology
The Association of Spanish Notaries index +0.5%% in February 2020
The Idealista.com (property portal) resale asking price index +3.2% in March
Two thirds of property for sale in Spain are apartments. Most Spaniards live in flats.
So the 2019 Spanish property market was jogging along OK, but was also showing a slow decline. We at Hondon Villas thought 2019 was a good year locally for us, despite the BREXIT uncertainty. Our key buyers are from the UK, Netherlands and Belgium. All the nationalities seem keen to come to live in our areas. The Hondon area community is about 50/50 locals and Expats. So a few reasons to be buoyant for the local property market but maybe not over-excited given Covid-19 has affected all these key countries.
Where are we in 2020?
We think there will be very little house price data to publish for Q2 2020 now the market is at a standstill. It could be 6 months before we can see how Covid-19 truly affects property prices.
SPI (Spanish Property Insight) did a recent survey of its readers: Foreign investors expect Spanish house prices, in particular holiday-home prices, to fall by 10% or more.
The Hondon Valley, an Established Buyer’s Market
Of course, country & regional property trends factor in the price indicators of cities and towns and the general Spanish buyer’s/seller’s habits. So these reports can be wide indicators as they DON’T focus on local markets like Hondón. For that we rely on our own sales / listings, monitoring other local agents, enquiries and of course the client’s negotiations as they buy or sell. After 15 years in the area we have a good handle on this.
The Hondon Valley property market, since the 2008 crash, has been a buyer’s market. Very few sellers get their asking price and a buyer inevitably makes a lower offer. The prospect these days are wiser to the market.
For non-Euro nationals, like the Brits, the currency exchange rate can also influence property prices. But, prices (as well as supply & demand), give or take 5%, have remained fairly stable over the last 5 years in this area.
It’s worth bearing in mind also that the Hondón Valley property market is established and mature now, with the boom being 15 years ago. This makes it much more transient as Expats move to other parts of Spain, downsize or return to their native countries. Of course migration to & from the area is mainly retired northern Europeans. The local economy is reliant on seasonal agriculture with little in terms of work prospects. There is less reliance on employment or growth. Therefore, resale property account for more of our business than new build and mostly represent better value.
Concern after the long Pandemic Lockdown in Spain
Of course, now the dreaded COVID-19 crisis has temporarily stopped the real estate market for a while. Agents in the Hondon / Alicante region have not been able to conduct house viewings for safety reasons. This should change soon, as we write, Spain is phasing in de-escalation of the severe and long 3 month Covis-19 Lockdown here.
This is a big concern for all parties involved, in what is a key sector of the Spanish economy. Covid-19 has also affected, globally, people’s confidence in life-changing choices, their health and their wealth. Europe, particularly Spain, has had some severe lockdowns, no travel in/out of the country & between regions. Tourism has suffered and has shown depressing stats for coronavirus infections and deaths (about 35,000 deaths at time of writing). External factors and how other countries handle the crisis in health and economy is also likely to affect international real estate markets.
All the above post Covid-19 problems are a worrying mix that will influence the Spanish property market supply & demand and so with it the price negotiations.
Post Covid-19 Changes: A Moving Target
We have no crystal ball on how Covid-19 might adversely affect prices, supply and demand. It’s a moving target. We are, as we write, still on Phase 0 of lockdown in the Hondón Valley. Many say there will be a second Covis-19 spike! But early feedback from clients during this time suggests we can be at least optimistic there will be a local market as we have had enquiries to view and to sell during the lockdown. No-one as yet as taken their house off the market because of COVID-19.
But to what extent the market will change, for now, we are unsure. But many retired Expats will want to return to their home countries for health / family reasons which means new houses coming onto the market. We repeat that our key market is the retired, cash-rich couples still looking for “a place in the sun“. These buyers still exist and are looking for value for money away from the crowded tourist traps.
Also, before Covid-19 we got indication that many Brits in particular wanted to get out of the UK, post Brexit vote. And of course Hondón still offers quality villas & value for money compared to many other northern EU countries.
How will Covid-19 affect the Hondon Property Market?
So, overall, as it stands now, we think there will still be a market worth pursuing in 2020, albeit slower, In general: – The market will be more competitive as supply will outweigh demand – We think prices will decline a few % points in 2020 if the crisis continues until late summer or beyond. Certainly buyers will make offers well below the asking price – It is and will still be a buyer’s market in the Hondón areas for some time – Seller’s may find they have to realistically price to sell if they want to sell quickly – Agents will have to offer better value or improve services to gain a competitive edge – Agent reputation is key in small areas like the Hondon Valley. Agents have shown in the past that they will “steal” clients or use pressure in a competitive market. A bad move or greedy agent will soon find their name is mud in the local bars / social media. – Continued crisis restrictions on air travel, higher travel prices, accommodation costs and a decline in tourism in Spain has and will continue to dent the market potential for international property buyers in 2020. – The Hondón property market relies on mainly European buyers. Any airport restrictions, curtailed schedules, quarantine measures or steep price increases in flights will slow the market down. If so, they’ll be less demand for 2020. – The UK BREXIT plans seem to be on hold amid COvid-19 and may well be delayed if the Coronavirus crisis drains UK resources and effort. Right now it’s an unknown. Uncertainty usually dents a housing market. – UK buyers and sellers will want more certainty before they make relocation or property plans. Again this could slow the market down.
So on the surface it might look doom & gloom. However, once the crisis is over we think Hondon will recover as a micro-market due to the demographic being mainly retired, cash-rich, mobile and time independent. Many here are rarely in a rush to leave and so have flexible plans in terms of price & timescales. Some play a waiting game or have room to move on price and completion.
We know from experience that new buyers also looking to retire here tend to move quickly on a house they like and can complete quickly. As cash buyers, we find houses are bought outright, such is the value of property here compared to Northern Europe. Rarely are mortgages or chains involved. House Sales can be done in 6 weeks, sometimes less.
Providing all parties realise the market is what it is right now and can find an agreeable price we think there the future will be OK, not fantastic for a while, but OK. We think some sellers and buyers need to be realistic and respectful of the current situation as many long term property owners have had to endure a stormy EU market for 10+ years where most, if not all property here has dropped 30-40% in price over that time. It’s been picking up for the last few years but Covid-19 has may well have undone all that.
Hondon is an established market now. The villas are large and usually excellent value. It’s on many Agent’s radar now, there are collaborations, publicity, it’s a summer holiday destination too now… In general it is very buoyant for an inland rural area.
We can also say that the Hondon Valley area is still a sought-after retirement niche for inland property. The sprawling and quality built Urb. La Montanosa is still very popular with foreigners looking for decent sized villas with pools.
So the Hondón property market kind of ticks over rather than shows growth, as there is no substantial new build or major business opportunities at the moment. Friends and relatives of foreign residents see this, the “real Spain” community, they see the value-for-money and look to buy also.
So we have to be optimistic, it’s our job, but of course, we can only speculate and time is our answer. Maybe you disagree? Let us know.
NEED HELP? PLEASE CONTACT US : If you need advice or help with property sales in our area just contact us. We are always happy to assist. You can call, email, Whatsapp, Facebook or best of all walk into our high street office in Hondón de los Frailes – Contact details here >
VIDEO TESTIMONIALS : Hondon Villas would like to thank Nick and Lindsay for talking about their new llfe in the sun and their experience buying through Hondon Villas.
Q. Tell us about your new retired life out here in Spain?
N: It’s so much better, don’t you think? 100% better.
L: Yeah. It’s getting away from the rat-race really [laugh]. It’s just so much more relaxing. I can’t pick one thing really. It’s a whole combination of things I think.
N: Yes, we’ve met some lovely people here who have been very helpful, Spanish and English.
L: There’s some really good restaurants, nice food and it’s given us the peace and quiet and the ability to relax in a way we couldn’t in the UK.
L: We are looking forward to going to the Spa Baths (Fortuna) soon and the markets are a great place to go. We go with friends there and when we’ve done our shopping have coffee and relax usually sat outside in the sun. Yeah, it’s great.
N: People have been really helpful actually. Both the Spanish and the English. Brilliant. Really great.
L: People seem to genuinely have the time to stop and chat. Again it’s more relaxed than we experienced in the UK.
Q. How would you describe your experience with Hondon Villas?
N: They couldn’t have been more helpful without a doubt. They showed us properties that we didn’t imagine we would like. Which was really good as I had a set view of what I wanted. They showed us lots of different properties one of which we totally feill in love with and bought!
L: … just impressed by their professionalism, kindness and friendliness. And after buying the house, just all the help we had to settle in, because moving to a new country is a quite daunting prospect even though we were excited. But they smoothed the path and the after-sales service was brilliant, better than we could of expected. N: Nothing every seemed too much trouble for them. They were always so helpful, friendly and willing with everything we asked.
L: We always felt that we could just pick up the phone if we had a problem or a question. they just helped us every step of the way. They certainly made us less anxious than we would have been about the prospect (of buying a villa in Spain) because there is a lot of bureaucracy to go through but we always felt that Hondon Villas could help us find the answer.
L: I don’t know if any other estate agent would go that far to make us feel at home.
A Place in the Sun is returning to Channel 4 with a new series!
We’re all in need of a bit of escapism at the moment, so from Monday 11th May these new episodes be transporting you to sunnier climes for an hour each weekday with our all star line-up of presenters!
Tune in to Channel 4 at 3pm every day for four weeks of brand new episodes full of sun, sea and property hunting. The usual APITS crew will be presenting episodes across the globe.
Danni Menzies, Laura Hamilton, Jonnie Irwin, Jasmine Harman, Scarlette Douglas, Ben Hillman and Jean Johansson will be searching for the perfect properties for their househunters across Spain, Portugal, the Canary Islands and France.
VIDEO TESTIMONIALS : Hondon Villas. Sue and Dean Savage tell us why they would recommend Hondon Villas… We are pleased to be the first local Hondón agent to use Video Testimonials… watch out for more soon.
Dean: I think because you don’t feel pressured into buying something. And you know that you are being looked after. We’ve looked at lots of houses before we came to this one and the one thing that I felt when we were with other agents is that they were working for the vendor. But with Maureen we felt she was working for us as well. We’d been to other agents who we told what we wanted but they still took us to other properties that were no where near what we wanted, just because they wanted to show somebody that the agent was taking us to their house.
Where as with Maureen she just showed us… she was working for us and was honest with us. She’s say, ‘That is not right for you’ or ‘yeah, ‘I think this one is’. That’s why I would come back (to Hondon Villas) and use Maureen again.
SUE: “You just felt safe. That is the word I would use. You felt actually safe in her confidence”.
Sue: Because we were in Maylasia, everything had to be done through Hondon Villas. Maureen made that really easy and helped us with moving in, what was left in the house … actually, the whole package. And you just felt safe. That is the word I would use. You felt actually safe in her confidence.
Dean: And picking up from that, when we did arrive (in Hondon) the after sale package was really useful and helpful. Actually meeting us at the house with the keys to make sure we happy and OK. And whenever we had a problem, Maureen and her team have been on the end of the phone. So all we had to do was give them a call or walk into the office and nothing was too much of a problem.
The main Hondon Villas website : www.hondonvillas.net, consistently gets a site performance score between 90 to 100 out of 100 from Google (the only search engine worth using). We passed all 20 audit points on our laptop version of the site. [ @ May 2020 ]
Why does that matter? It’s actually very important to us, to Google and to you, the end-user (buyer/seller). Please read on (I try to keep the jargon out).
Property finders, like you, are frequently online using websites to find properties. You visit many sites looking for that dream home. You may look at 100’s or 1000’s of houses across different real Estate agent’s websites. So you’ll know that getting information quickly is important and saves you time. So just saving say 10 seconds on a page load time can mount up over many websites. Speed is important, maybe you didn’t realise how much.
Have you ever just left a website because it was too slow? Most of us have! As you use the Internet you will be aware of the speed at which websites load or the way they can be used. We all get frustrated from time to time if a website doesn’t work or is too slow to work. right? It happens a lot.
Hondon Villas has one of, if not the fastest and most visited website in the Hondon Valley. Google says we out-perform our main rival agents in the Hondon area (see graphic above).
Why is the HV website faster?
Well the website is bespoke , custom built from scratch by our pro’ trained in-house web developer with years of IT and Web experience with HSBC. Whilst it is not always perfect, he puts a lot of effort into making sure the site conforms to Google’s web building standards, like smartphone compliance, slim coding standards and faster load speeds. Our Google Page Speed score of 94 & 100 shows that work pays off.
It matters because user studies consistently show that people are very impatient and will literally only wait a few seconds for a web page to load or THEY LEAVE! I bet you have done that right? Our site has speed features built-in and contributes to why Hondon Villas website has ranked at Page#1 in search results for over 10 years. Faster sites get favoured by Google.Users like faster websites.We want the competitive edge.
As we have been established a long time, our website has evolved and improved. Our website has had over 2 million views and many visitors return to it. We know from user data what pages they like, the path they take and what devices they are using. We know if they “leave” quickly so we ask why and fix it. We regularly tweak the site to work better or fix issues as they crop up.
Other Agents buy “off-the-shelf” web packages
Most of our property rivals work from home and don’t have the budget, inclination, in-house skills to know about or to fix their website problems. They build blindly and forget. Well we monitor them, so does Google, so it’s not difficult to compare.
As you can imagine, it costs a lot more to build a custom site than to buy a template site like “WordPress” or similar “Bloatware”. These “off-the-shelf” website packages all suffer from the same thing: generic aesthetics over performance and of course they are very cheap and quick to utilise. They are inherently cloned to have bad coding, have slow speeds, are inflexible design-wise and more often than not, do not work too well on smartphones.
So buying a template website is not such a good idea in general. They may be paying for a website that is actually damaging its potential to gain or retain visitors. We think the Hondon Villas website has a competitive edge and that matters to both buyers and our vendors as they are more likely to find us in Google. Some of our competitors in the Hondon Valley are NOT highly ranked in Google like Hondon Villas are.
What affects a Website’s Performance?
Well there are many technical factors (too many to list here) that can affect a website’s performance such as the web servers or communication lines / satellites and of course your own device (laptop, tablet, smart phone) and of course your Internet provider’s performance or your location. Indeed some of the latest phones and mobile networks can be faster than home connections. But performance varies greatly, even from hour-to-hour or device-to-device. It is inherent in the “web”.
Not all websites are built the same: The website itself can be to blame if it is built poorly or the web developer pays no attention to it’s performance. Indeed many site owner’s pick a web design purely on aesthetics and pay little, if any notice of its performance features (or lack of).
Google likes Fast Sites: Google also knows and measures all sites and it has the user data to confirm what the user prefers. In fact, Google builds its main search engine results and site recommendations on the quality and date of a site’s content but also its speed. They even have tools to measure and monitor a website’s performance and usability. Advertisers also like fast popular websites. To re-iterate, faster websites get favoured by Google. Simple... But not so simple to put right unless you have the time, budget, inclination and skills to do so.
Do you need help in buying / selling or more more info’? Please feel free to visit our REAL ESTATE OFFICE in the Hondon de los Frailes Plaza (next to Restaurante 28). Or Email us: property [@] hondonvillas.net