Investment – Page 5 – The Hondon Villas Blog

20 June 20179 December 2019

#535 Fortuna Villa For Sale with Large Games Room.

SPANISH VILLA FOR SALE: A large (350 sqm) and immaculate two storey villa close to historic Fortuna in Murica with breathtaking views and truly beautiful characteristics. The large ground floor has guest accommodation and a well equipped entertainment room with its own bar and games facilities… large enough for a full sized snooker table and home cinema! Party on!

This is perfect for large family visits and parties with its 6 bedrooms, & 3 bathrooms, a downstairs guest apartment and a large entertainment room leading to a private pool. There is plenty of terrace and balcony areas to enjoy the views and peaceful settings.

There is a large driveway, with space for several cars leading, to the garage. The garden has been designed to be low maintenance.

In addition the property benefits from an electric gate, air conditioning, satellite TV, Internet and an alarm system.

The outdoor living space is extremely well thought out with a lovely, shaded terrace, overlooking the private swimming pool, with an outdoor kitchen and barbecue, perfect for al fresco dining and entertaining.

The property is perfectly located to give you access to Murcia, only 25 minutes, Alicante Airport 40 minutes and the same to the Costa Blanca, with a great selection of beaches.

Close by there are are several bars and restaurants within walking distance and a two minute drive to Fortuna and the famous spa baths.

If you love to entertain this would be the perfect house for you.

This property is a great price and really must be viewed to be fully appreciated.

MORE DETAILS ON OUR WEBSITE:
http://www.hondonvillas.net/property-details.php?pRef=535

KEY POINTS:
6 Bedrooms • 3 Bathrooms • Private Swimming Pool • Guest Apartment • Entertainment Room • Garage • Outdoor Kitchen • Barbecue • Wrap Round Terrace •

INTERESTED? PLEASE CONTACT:
property @ hondonvillas.net or OFFICE: (0034) 965 075 357

29 May 2017

Buying Advice: Always Protect Your Deposit

We at Hondon Villas always use a Lawyer (abogado) to collect and receipt deposits on house purchases. We DO NOT HOLD your money in a special account or keep it if the sale goes cold.

We highly recommend to NEVER PAY AN AGENT or BUILDER an advanced DEPOSIT. Always ask for a qualified lawyer or appoint one in advance to take care of your finances.

Unfortunately, some agents in the area who insist on taking a deposit as their commission, whether the sale goes through or not. This is RISKY for the buyer and seller and in our opinion WRONG! The chances are you will never see that money again. We are AIPP registered and adhere to good practice for both buyer and seller.

It is common practice when buying a property in Spain to ask the buyer to pay a % deposit on the home they wish to buy in advance of the completion. The main reason is to show good will and for the agent to remove the property from sale whilst the paperwork is checked. So you are making a reservation on the property by signing an “arras agreement“.

This actually helps both sides of the deal. The buyer is assured their offer has been accepted and there will be no further viewings or offers on the property and the seller has some peace of mind that the buyer has the good intention to purchase.

Bare in mind that you may lose this deposit if you don’t complete the sale on the date stated, or that the vendor shall return double the amount deposited, was he finally not to honour the contract in the stated date. But your contract should be clear on that.

A deposit can be any amount depending on the sale price and circumstances. In the Hondon Valley and surrounding areas a €3000 deposit is common but can be more if the property is of a high price, a special deal or maybe an off-plan new build. The latter can be 10% of the purchase price so a a builder can commence with the work.

Of course integral to this should is trust and a signed contract spelling out the terms of the deposit, what it is for, costings and any other due fees or staged payments until completion. Make sure you understand the terms and if a deposit is refundable or not.

The lawyer will have a special holding account for these deposits and importantly is the legal guardian whilst the house sale goes through.

There are many good estate agents in Spain but the industry is more loosely regulated than in the UK and unscrupulous estate agents sometimes target overseas investors. So be careful!

Sean Adams, international director of mortgage broker SPF Private Clients, says: “Do not hand over any money to an estate agent until you have taken formal legal advice. You should always choose a lawyer who specialises in Spanish land,” he said. “Ask for their registration number and check that they are registered and practicing with the local bar association (Colegio de Abogados). It would be wise to also check that your lawyer has professional indemnity insurance.”

Need more advice on deposits, purchase fees and buying in Spain?
Please call Hondon Villas and we will be happy to help. Or read this article for background >

At the time of writing, Hondon Villas are the only Hondon Valley based AIPP agent with this prestigious membership and we now have the right to show the AIPP badge. Which of course we do with pride.

17 May 2017

Hondon de los Frailes – Commercial Building for Sale

Business Premises & Warehouse For Sale
Type & Location 0 bedrooms + 2 bath/shower Commercial
in Hondon de los Frailes, Alicante Region. Costa Blanca South

OFFERS in the region of: € 274,950
2,400m2 of Commercial / Retail Building in central Hondon de los Frailes with parking in very good condition and easily reformed.

Business Premises and Warehouse for Sale / Retail Uint

MAIN POINTS:
Commercial building / Office and Reception
2 Floors
Industrial Lift
Warehouse and Loading Bays
Public Parking

Description: Hondon Villas are pleased to bring onto the market for sale this extremely large commercial building of 2,400m2, situated in the centre of Hondon de los Frailes.

The property has two floors, the ground floor comprises of an office, a reception, a large sales floor and customer toilet facilities. At the rear is a large warehouse and loading bay. There is a commercial lift to the first floor.

The first floor can be accessed by two staircases which lead to another large sales floor.

The property benefits from a heating system and private parking.

CONTACT OUR HONDON PROPERTY OFFICE: (0034) 965 075 357
» Hondon Villas Real Estate Web Site

14 October 201619 October 2016

Get expert Legal Advice when buying or selling your property

As 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).

13 October 201628 August 2021

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 » ]

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]