Get expert Legal Advice when buying or selling your property

Real Estate Code of ConductAs an AIPP registered agent, Hondon Villas would not be doing our job correctly if we didn’t advise our clients to seek proper legal advice when buying or selling a property in the Hondon Valley areas.

We have experienced many people “going it alone”,  doing a “black money” deal or bypassing some of the legal paths to save money but WITH DRASTIC and COSTLY RESULTS, including one deal with counterfeit cash (person got caught when trying to put a large sum into a Spanish bank !!)… another where a house purchased verbally as “fully furnished” found there was no furniture at all when they got the keys to open their new home!

These and many other problems of variable severity can be avoided with proper checks and contracts. So we think it is vital to seek independent professional legal advice for a property sale/purchase in Spain to avoid making costly mistakes. Your lawyer should undertake all the necessary due diligence / paper work on the purchase and, if granted power of attorney, will be able to act on your behalf and save you having to make numerous trips to Spain to open a bank account, obtain an NIE number and other necessary procedures.

If you don’t already have a Lawyer, ask others for recommendations as not all offer the same service or fees. At Hondon Villas we do use several Lawyers in the general area, preferring not to have all our eggs in one basket and to reduce dependency or allegiance to just one company.

If we feel a Lawyer (or collaborating agent for that matter) is not acting in the interests of the clients, simply we ditch them! (and we have).

Spanish Property Prices Index

+++ PROPERTY MARKET DATA ALICANTE REGION +++

AUGUST 2016: We use various property market indicators as a guide to the current status of Spanish Real Estate. Here are some interesting stat’s based on real Notary data since 2007.

The property price index for the Alicante region is up by 5.1 over last year with a 25% increase in sales. [ Hondón Villas have many reduced priced properties here » ]

You can see that houses prices in 2016 are about 69% average of what they were in 2007.
CLICK TO ENLARGE: You can see that houses prices in 2016 are about 69% average of what they were in 2007.

The average price of a 3 bed property in this wider Alicante region is €136K with Murcia being cheaper at €109K.

Foreign buyers of Spanish property are still on the increase (albeit a lot slower than the boom years).

Mortgage lending on house sales is up by 19% in the area but rentals were down by nearly 7%. The population is roughly the same so no mass migration from Spain as yet.

And sadly unemployment is still a problem for Spain and the Alicante region but down by nearly 3% (although we are in the main tourist season).
Overall Spain has seen prices increases across all its regions from just 1.6% up to about 9% in the Madrid area. Overall Valencia has seen a 5.1% increase in house prices, where as Murcia 2.9%.

You can see that houses prices in 2016 are about 69% average of what they were in 2007.  [Source: Kyero Data, Notaries]

Related Links:

» Albatera property for Sale
» Hondon Valley Homes for Sale
» Hondon Vallei Onroerend Goed te Koop
» Hondón In Focus (Facebook)